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KENOL/KOBIL
Rank: Chief Joined: 8/4/2010 Posts: 8,977
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KPC spoiling for an ugly fight... http://bit.ly/yF4La4$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 1/3/2007 Posts: 18,261 Location: Nairobi
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Not good news for KK... I hoped that KK would take over KPC... Of course, this matter will go on for another 1-2 years but eventually KK will win! On the other hand, perhaps Ahmednasir might arbitrate this matter in a few weeks rather than a few months or years! Commercial Court judges—Daniel Musinga and George Kimondo referred the dispute to the sole arbitrator Ahmednasir Abdullahi for reconsideration.
“We are satisfied that we should disturb the award for being so inordinately high as to represent an erroneous estimate,” said the judges in their ruling.Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 10/13/2009 Posts: 1,950 Location: in kenya
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I dont get it so are we back to squire one? and the issue about the award being more than what the economy can absorb is the judge serious?...KK absorbed the said damage, that's why its claiming for what is rightfully theirs. '......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
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Rank: Elder Joined: 5/27/2008 Posts: 3,760
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Merits of the case not in dispute, amount of award seems inordinately high according to the judges. KK will still get something, maybe less than what was proposed by Ahmednasir.
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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Gordon Gekko wrote:Merits of the case not in dispute, amount of award seems inordinately high according to the judges. KK will still get something, maybe less than what was proposed by Ahmednasir. @GG. The case is back to the same judge. @Vvs. Would it not have been better for the high court to use other means to determine compensation to KK instead of taking case back to same judge. The opposite of courage is not cowardice, it's conformity.
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Rank: Member Joined: 4/14/2011 Posts: 639
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When do we expect the results?
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Hunderwear wrote:When do we expect the results? Feb 28th..if I recall well.
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Rank: Elder Joined: 3/2/2009 Posts: 26,330 Location: Masada
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Cde Monomotapa wrote:Hunderwear wrote:When do we expect the results? Feb 28th..if I recall well. This thing will eventually resolved out of court, watch my lips.  Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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Hunderwear wrote:When do we expect the results? In the q3 report it says results will be on or about 28th feb. Kplc bonus book closure also, come to think of it The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Chief Joined: 1/3/2007 Posts: 18,261 Location: Nairobi
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KK will be OK... At worst, it gets a lower amount but even if the original award is reduced... by the time the interest is added in... $$$$ What do the judges mean the economy can't absorb the award? That's nonsensical since the money would move from KPC to KK - both are local firms. As for KPC, didn't it pay for the Triton scams? Where were the judges in telling the banks/financiers & OMCs that recovering the money from KPC/Triton was too much for the economy to bear???? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 5/27/2008 Posts: 3,760
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Deal Poa scrapped. That was my draw towards their drab filling stations. Now back to the more swanky Total stations.....
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Rank: Elder Joined: 3/2/2009 Posts: 26,330 Location: Masada
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Gordon Gekko wrote:Deal Poa scrapped. That was my draw towards their drab filling stations. Now back to the more swanky Total stations..... RIK??? And will I be able to clear the remaining deposit on my card at the moment?  Wapi @VVS? Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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VituVingiSana wrote:What do the judges mean the economy can't absorb the award? That's nonsensical since the money would move from KPC to KK - both are local firms.
As for KPC, didn't it pay for the Triton scams? Where were the judges in telling the banks/financiers & OMCs that recovering the money from KPC/Triton was too much for the economy to bear???? Wouldn't a 5billion charge close to bankrupt KPC¿¿ Can the kenyan economy survive without KPC in the near term¿¿ I think this is what the judges meant by this.. Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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Impunity wrote:Gordon Gekko wrote:Deal Poa scrapped. That was my draw towards their drab filling stations. Now back to the more swanky Total stations..... RIK??? And will I be able to clear the remaining deposit on my card at the moment? Wapi @VVS? Relax, they are scrapping the deal poa... NOT the K-card. You will still be able to use your card, further more you will still get a 2bob discount per litre everyday. And is deal poa really scrapped, The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 3/2/2009 Posts: 26,330 Location: Masada
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Aguytrying wrote:Impunity wrote:Gordon Gekko wrote:Deal Poa scrapped. That was my draw towards their drab filling stations. Now back to the more swanky Total stations..... RIK??? And will I be able to clear the remaining deposit on my card at the moment? Wapi @VVS? Relax, they are scrapping the deal poa... NOT the K-card. You will still be able to use your card, further more you will still get a 2bob discount per litre everyday. And is deal poa really scrapped, I thought the 2 bob discounts formed part of the deal poa? Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Member Joined: 8/4/2008 Posts: 205 Location: Nairobi
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Impunity wrote:Aguytrying wrote:Impunity wrote:Gordon Gekko wrote:Deal Poa scrapped. That was my draw towards their drab filling stations. Now back to the more swanky Total stations..... RIK??? And will I be able to clear the remaining deposit on my card at the moment? Wapi @VVS? Relax, they are scrapping the deal poa... NOT the K-card. You will still be able to use your card, further more you will still get a 2bob discount per litre everyday. And is deal poa really scrapped, I thought the 2 bob discounts formed part of the deal poa? @Impunity - Deal Poa refers to the 2 bob discount on Sundays and Tuesdays for all motorists which ends on 10th February 2012. The Kcard 2 bob discount daily will still apply. Check link @ Kenol Kobil News"When the pupil is ready to learn, a teacher will appear." -- Zen proverb
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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@impunity. When you have a k-card, you get a 2bob discount, everyday. Mon-fri. Jan-dec. Deal poa you get an additional 2 bob discount on tuesdays and sunday. I have confirmed that deal poa is still on, it has not been scrapped. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Member Joined: 8/4/2008 Posts: 205 Location: Nairobi
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Aguytrying wrote:@impunity. When you have a k-card, you get a 2bob discount, everyday. Mon-fri. Jan-dec. Deal poa you get an additional 2 bob discount on tuesdays and sunday. I have confirmed that deal poa is still on, it has not been scrapped. @Aguytrying - where is the link for your info? I have given my link above on the end of Deal Poa from 10th Feb 2012 on Kenol/Kobil website and today received an email on the same. Who is your source? "When the pupil is ready to learn, a teacher will appear." -- Zen proverb
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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jawz1 wrote:Aguytrying wrote:@impunity. When you have a k-card, you get a 2bob discount, everyday. Mon-fri. Jan-dec. Deal poa you get an additional 2 bob discount on tuesdays and sunday. I have confirmed that deal poa is still on, it has not been scrapped. @Aguytrying - where is the link for your info? I have given my link above on the end of Deal Poa from 10th Feb 2012 on Kenol/Kobil website and today received an email on the same. Who is your source? you are right. What i meant was that it has not yet been scrapped, i didn't mean to imply that it will not be scrapped. The investor's chief problem - and even his worst enemy - is likely to be himself
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