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KENOL KOBIL .... 2012
Rank: Elder Joined: 11/7/2007 Posts: 2,182
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seems like christmas has come early so fast. LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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Rank: Chief Joined: 1/3/2007 Posts: 18,124 Location: Nairobi
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kyt wrote:seems like christmas has come early so fast. In September. Unlikely to get all the approvals & buy-out completed for 6 months. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Aguytrying wrote:Finally guys are catching on to the share swap idea. I wondered to myself.
" As a top shareholder, would i be fully compensated for KK future gains in monetary terms alone?"
My answer was "No". Unless the deal was too too good.
Segman maintaining one post is the biggest hints of this deal.
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Rank: Member Joined: 11/9/2010 Posts: 132
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mwekez@ji wrote:Aguytrying wrote:Finally guys are catching on to the share swap idea. I wondered to myself.
" As a top shareholder, would i be fully compensated for KK future gains in monetary terms alone?"
My answer was "No". Unless the deal was too too good.
Segman maintaining one post is the biggest hints of this deal. Very true. Segman is a sharp guy, he cant sell all his stake to remain just as an employee. Not segman.
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Rank: Elder Joined: 9/12/2006 Posts: 1,554
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selah wrote:Jamani wrote:ngapat wrote:I'm in no hurry to sell. puma should be ready to have me as a minority shareholder if they aren't willing to pay me 50bob per share I have this thought also that this is the way to go, though i read that it will be a compulsory offer.... the meaning of this am yet to decode... does it mean that minority shareholders will have no right to decide to stay in but take the offer or it only means that their offer will be final take and leave or leave it and stay? Do you want to say KK is worth 74B....I really doubt PUMA wuld fork all that cash. My target is anything btwn 24-30 because looking at the assets alone, the company is worth about 46B...with a potential to grow the assets to double that in a few years. What is troubling me is Why are the shares suspended by CMA for this long....it was a material announcement which I think a 1 or 2 days max could have been enough...I suspect KK is behind this suspension.They fear we wuld make alot more from speculation than from PUMA and that sickens me. I get it KK might not be worth 74B, i am Just worried with the level of disclosure and the “vagueness” of the cautionary statement combine it with the suspension....and read what they are saying they are headed to canaan with the compulsory takeover consoling their employees and telling the shareholders it is the right thing for Kenolkobil... while i agree i wait to look at their offer and decide if i will have reached my canaan or i will have to sail with puma seated silently at the far end corner.
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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By the time we open our eyes puma will have signed supply contracts with tullow under kk "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 9/12/2006 Posts: 1,554
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mlennyma wrote:By the time we open our eyes puma will have signed supply contracts with tullow under kk The more I closely look at this deal, its speed, timing and events taking place the more i get convinced not to sell...
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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As the date draws nearer analysts seem to be raising their estimate for the deal.. www.businessdailyafrica....32/-/5wpe1u/-/index.htmlMark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 9/12/2006 Posts: 1,554
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Shareholders of oil marketer KenolKobil stand to gain up to 68 per cent premium on their investment if the intended acquisition by international dealer, Puma Energy, is concluded. Transaction advisors for the deal, Kestrel Capital, have estimated that KenolKobil’s shares are likely to fetch between Sh20.13 and Sh21 each in the takeover deal, which would imply a more than two-thirds premium over the Sh12.50 market price at the time of announcement of the ongoing transaction. A price of Sh21 per share would value KenolKobil at Sh31 billion based on the total issued shares which number 1.5 billion. Puma Energy has announced that it is in buy-out negotiations with majority shareholders of KenolKobil, which may lead to a full takeover of the company and delisting from the Nairobi Securities Exchange (NSE). http://www.businessdaily...32/-/5wpe1u/-/index.html
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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"When the time for our children to get married comes, we as parents should find it in ourselves to approve, let go & with blessings." 
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Rank: Chief Joined: 1/3/2007 Posts: 18,124 Location: Nairobi
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Cde Monomotapa wrote:"When the time for our children to get married comes, we as parents should find it in ourselves to approve, let go & with blessings." After sufficient bride price has been offered/received ;-) Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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VituVingiSana wrote:Cde Monomotapa wrote:"When the time for our children to get married comes, we as parents should find it in ourselves to approve, let go & with blessings." After sufficient bride price has been offered/received ;-) Indeed and as per our culture, uncles Segman & others shall handle such negotiations which upon closure will be binding to us parents.
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Kestrel Capital is itself one of the group of companies including KenolKobil associated with Mr Nicholas Biwott. They must be privy to much info
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Extract of the Kestrel Capital update
Our most recent fair value estimate on KenolKobil was KES 17.50, and consensus estimates are also around this level. Applying an estimated take_over premium of between 15-20% over fair market value for a controlling interest in the firm points to an offer price between KES 20.13- KES 21.00. This would imply a maximum exit P/E ratio of 9.5x and a P/B ratio of 2.7x, which in our view are unlikely to be achieved in the near-term assuming the status quo remains.
Notice the P/B ratio of Total Kenya is at 0.3!
From the above, we can tell with some good degree of certainity, the offer price range
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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We are tired of waiting. We want a deal, we want cash,. Money... Life is short. Live passionately.
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Rank: Elder Joined: 11/7/2007 Posts: 2,182
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how come KK traded today according to wazua?? LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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It is going to be a long 5 months... GOD BLESS YOUR LIFE
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Rank: Veteran Joined: 10/11/2009 Posts: 1,223
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earthvoice wrote:Got mine today. I thought this time around they will be very efficient in payment of presumably the last dividend. I have not received it via EFT yet ama shida iko kwa deloitte registrars like last yr! Nani amepata? 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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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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kyt wrote:how come KK traded today according to wazua?? Just a comp hang-up! The opposite of courage is not cowardice, it's conformity.
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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I got my cheque on 15th ran to kcb and did internal transfer,infact i will drink the remains today. "Don't let the fear of losing be greater than the excitement of winning."
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KENOL KOBIL .... 2012
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