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KENOL KOBIL .... 2012
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Cde Monomotapa
#501 Posted : Sunday, May 13, 2012 4:39:32 PM
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Big up Segman for excellent Investor Relations. Makes you feel a part of KK Family -- good & bad times smile
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VituVingiSana
#502 Posted : Sunday, May 13, 2012 5:28:44 PM
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Joined: 1/3/2007
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Location: Nairobi
So 6 & 2 (extension) weeks from the announcement date for the completion of the Due Diligence.

Hopefully, CMA plays ball & provides all the necessary approvals before the 8 weeks are up. Or gives them soon thereafter. Add 2 weeks.

As it stands only the key s/holders are selling out but if CMA gives the OK, then Puma can present a Takeover Plan for minority s/holders. Add 1 week.

An EGM will have to be held to approve the 'Takeover' & requires a 3-week notice, then the necessary documentation (2 weeks) thereafter 3 weeks of the 'acceptance' period. Add 2 weeks to compile, report it to CMA & announce it after CMA's approval.

Payment would be 2 weeks from that date by Deloitte.

Add 1 week for delays.

EFT/Chq/RTGS in 24 weeks [6 months] but before XMas 2012 Pray Pray Pray
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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VituVingiSana
#503 Posted : Sunday, May 13, 2012 5:49:10 PM
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If you read the Annual Report [Chairman's statement as well as the Comprehensive Income Statement] it was already mentioned that KEKE was out KES 1.5bn (PAT) in Forex Hedges.

During the AGM [watch it online] they said they had stopped forex hedging for the moment. Many firms bought forwards when the KES was dropping daily due to poor mismanagement by the CBK & Treasury.

There was something about 'loss on a Cargo' I did not understand. Or what the loss is going to be.

S/holders may 'lose' an interim dividend for 1H 2012 if the profits are not there. Let's assume it is KES 0.50 (or earnings of KES 1/-) for the 1H.

What does this mean? Existing s/holders will get KES 1/- less (Puma or no Puma) than if there was no hedging loss but if Puma pays a nice premium then s/holders can still get a good profit in 6 months.

My assumption is Puma will pay (at least) 17/- thus 4.50 above the last traded price (12.50) which is a 35% premium.

There is good chance it will be north of KES 20/- but a maximum of 25/-.

Information borrowed from:

http://coldtusker.blogsp...enolkobil-takeover.html
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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QW25091985
#504 Posted : Sunday, May 13, 2012 7:22:02 PM
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Joined: 1/24/2012
Posts: 1,675
Location: In Da Hood
Cde Monomotapa wrote:
Big up Segman for excellent Investor Relations. Makes you feel a part of KK Family -- good & bad times smile



its like breaking a girls heart and taking flowers with you to tell her sorry ! Segman must be a gud lover. Not wanting to loss his lover - the shareholders.
Romance 101 .
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BGL
#505 Posted : Sunday, May 13, 2012 8:55:13 PM
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Joined: 10/11/2009
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KenolKobil offers CEO shares worth Sh250m
http://www.businessdaily...1/-/13ufgor/-/index.html
History will not remember you for your IQ. It will remember you for what you did. “Genius is 1 percent inspiration, 99 percent perspiration.” Thomas Edison
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Cde Monomotapa
#506 Posted : Sunday, May 13, 2012 9:01:26 PM
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[quote=BGL]KenolKobil offers CEO shares worth Sh250m
http://www.businessdaily.../-/13ufgor/-/index.html[/quote]
nkt! Is this news really? SMH
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QW25091985
#507 Posted : Sunday, May 13, 2012 9:22:42 PM
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Joined: 1/24/2012
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Location: In Da Hood
[quote=BGL]KenolKobil offers CEO shares worth Sh250m
http://www.businessdaily.../-/13ufgor/-/index.html[/quote]

feeding the fantasies
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Cde Monomotapa
#508 Posted : Sunday, May 13, 2012 9:48:11 PM
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QW25091985 wrote:
[quote=BGL]KenolKobil offers CEO shares worth Sh250m
http://www.businessdaily.../-/13ufgor/-/index.html[/quote]

feeding the fantasies

Manze...the ESOP was passed & approved a long time ago! Laughing out loudly Laughing out loudly
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mwekez@ji
#509 Posted : Sunday, May 13, 2012 10:32:13 PM
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Joined: 5/31/2011
Posts: 5,121
Cde Monomotapa wrote:
QW25091985 wrote:
BGL wrote:
KenolKobil offers CEO shares worth Sh250m
http://www.businessdailyafrica....1/-/13ufgor/-/index.html .


feeding the fantasies

Manze...the ESOP was passed & approved a long time ago! Laughing out loudly Laughing out loudly


Laughing out loudly Laughing out loudly Laughing out loudly @BGL has just noticed how huge the figures are
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mwekez@ji
#510 Posted : Sunday, May 13, 2012 10:42:56 PM
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Ati H1 profits will drop but profits will see new heights if the takeover goes through. An indirect way of telling us to just sell this thing to the 'better hands'. NKT
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QW25091985
#511 Posted : Sunday, May 13, 2012 11:05:29 PM
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Location: In Da Hood
mwekez@ji wrote:
Ati H1 profits will drop but profits will see new heights if the takeover goes through. An indirect way of telling us to just sell this thing to the 'better hands'. NKT


maybe somebody is eyeing total !
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Cde Monomotapa
#512 Posted : Monday, May 14, 2012 8:11:11 AM
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mwekez@ji wrote:
Ati H1 profits will drop but profits will see new heights if the takeover goes through. An indirect way of telling us to just sell this thing to the 'better hands'. NKT

Let's also try to be nice smile WPP came into Scan & things improved. smile
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Cde Monomotapa
#513 Posted : Monday, May 14, 2012 8:20:52 AM
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QW25091985 wrote:
maybe somebody is eyeing total !

Laughing out loudly Laughing out loudly Laughing out loudly
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VituVingiSana
#514 Posted : Monday, May 14, 2012 4:21:12 PM
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Joined: 1/3/2007
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The Final Dividend

Was it to be paid today or tomorrow?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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mlennyma
#515 Posted : Monday, May 14, 2012 4:40:23 PM
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Joined: 7/21/2010
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Dividend 14th may
"Don't let the fear of losing be greater than the excitement of winning."
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VituVingiSana
#516 Posted : Monday, May 14, 2012 4:42:31 PM
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Joined: 1/3/2007
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Location: Nairobi
mlennyma wrote:
Dividend 14th may
Applause Applause Applause
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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earthvoice
#517 Posted : Monday, May 14, 2012 5:13:27 PM
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Joined: 1/29/2011
Posts: 257
VituVingiSana wrote:
mlennyma wrote:
Dividend 14th may
Applause Applause Applause

Got mine today.
smile
"All intelligent investing is value investing -- acquiring more than you are paying for. You must value the business in order to value the stock." - Charlie Munger.
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FUNKY
#518 Posted : Tuesday, May 15, 2012 8:43:19 AM
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Jamani
#519 Posted : Tuesday, May 15, 2012 8:43:31 AM
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Joined: 9/12/2006
Posts: 1,554
It feels nice getting a cheque, knowing that the big is being prepared.
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VituVingiSana
#520 Posted : Tuesday, May 15, 2012 9:35:35 AM
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Joined: 1/3/2007
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Location: Nairobi
Minority Shareholders to be paid the same price as the key s/holders per the latest Press Release from KK.

Check the website.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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