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KENOL KOBIL .... 2012
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yaserbigchair
#1361 Posted : Monday, July 09, 2012 9:17:37 AM
Rank: Member


Joined: 7/19/2006
Posts: 113
Location: Mombasa
@Jamani... and do you know of the MANDATORY GENERAL OFFER???

KK told its Partners and Shareholders that Puma Energy plans to buy off the minority shareholder through this arrangement.

I am telling you,the price I see it through.
Sound that I love most: Is the ringing bell of Stock Market.
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mwekez@ji
#1362 Posted : Monday, July 09, 2012 9:29:43 AM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
PKoli wrote:
VituVingiSana wrote:
mwekez@ji wrote:
Sources privy to the transaction revealed that the majority shareholders, estimated to own about 70 per cent of the firm, had agreed to cede their shares to Puma Energy while minority shareholders would have no option but to sell their stakes at an agreed price.

top 6 shareholders own over 70%
Nothing new in the article. It is poorly written & just done to fill space & sell more copies! The 70% s/holders will 'cede' [which could be sell or get a piece of Puma] their shares to Puma. It is all good as long as the 30% get a fair price!


BD needs to hire business writers or retrain those they have. As VVS says, the article has nothing new.


Give credit where credit is due!

When did you people know that those who have already agreed cede their shares own 70%?

There is also the controversial matter that is also brought out by @yaserbigchair that "minority shareholders would have no option but to sell their stakes at an agreed price"
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youcan'tstopusnow
#1363 Posted : Monday, July 09, 2012 9:54:46 AM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Mandatory general offer means that PUMA has to make a bid for the rest of the shares (as a matter of law) UNLESS they apply for an exemption to this rule.

It does not mean people will be forced to sell their shares. I once posted a case study of East African Packaging Industries on this thread
GOD BLESS YOUR LIFE
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VituVingiSana
#1364 Posted : Monday, July 09, 2012 10:00:00 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,121
Location: Nairobi
youcan'tstopusnow wrote:
Mandatory general offer means that PUMA has to make a bid for the rest of the shares (as a matter of law) UNLESS they apply for an exemption to this rule.

It does not mean people will be forced to sell their shares. I once posted a case study of East African Packaging Industries on this thread
Same as Unilever Tea. There are some s/holders who still own Unilever Tea shares.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Aguytrying
#1365 Posted : Monday, July 09, 2012 10:16:31 AM
Rank: Elder


Joined: 7/11/2010
Posts: 5,040
@yaser.
What is your motive in coming here everyday and telling us the price will be lower than 20/-?
We already know that it is a possibility. Unless you have concrete info i suggest you stop posting the same thing here everyday.
Broker's advice are among the most unreliable.

like cde says, just wait for the confirmation price all this speculation is useless.
The investor's chief problem - and even his worst enemy - is likely to be himself
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kenmac
#1366 Posted : Monday, July 09, 2012 7:58:44 PM
Rank: Elder


Joined: 5/26/2009
Posts: 1,793
new development on workers case
http://www.businessdaily...38/-/p0q3x8/-/index.html
......Ecclesiastes
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guru267
#1367 Posted : Monday, July 09, 2012 8:31:09 PM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
youcan'tstopusnow wrote:
Mandatory general offer means that PUMA has to make a bid for the rest of the shares (as a matter of law) UNLESS they apply for an exemption to this rule.

It does not mean people will be forced to sell their shares. I once posted a case study of East African Packaging Industries on this thread


@youcant THANK YOU for explaining to that prick what a mandatory offer is!!!
Mark 12:29
Deuteronomy 4:16
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Aguytrying
#1368 Posted : Monday, July 09, 2012 8:50:03 PM
Rank: Elder


Joined: 7/11/2010
Posts: 5,040
[quote=kenmac]new development on workers case
http://www.businessdaily...8/-/p0q3x8/-/index.html[/quote]

Old news
The investor's chief problem - and even his worst enemy - is likely to be himself
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Aguytrying
#1369 Posted : Monday, July 09, 2012 8:51:50 PM
Rank: Elder


Joined: 7/11/2010
Posts: 5,040
guru267 wrote:
youcan'tstopusnow wrote:
Mandatory general offer means that PUMA has to make a bid for the rest of the shares (as a matter of law) UNLESS they apply for an exemption to this rule.

It does not mean people will be forced to sell their shares. I once posted a case study of East African Packaging Industries on this thread


@youcant THANK YOU for explaining to that prick what a mandatory offer is!!!


This guy and another guys posts(name with held) really irritate me, due to the severe lack of intelligence
The investor's chief problem - and even his worst enemy - is likely to be himself
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kenmac
#1370 Posted : Monday, July 09, 2012 9:36:24 PM
Rank: Elder


Joined: 5/26/2009
Posts: 1,793
Aguytrying wrote:
[quote=kenmac]new development on workers case
http://www.businessdaily...8/-/p0q3x8/-/index.html[/quote]

Old news



You must have written it:

Kenol/Kobil filling station. Photo/FILE
By BENSON WAMBUGU ( email the
author )
Posted Sunday, July 8 2012 at 17:06
......Ecclesiastes
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hisah
#1371 Posted : Tuesday, July 10, 2012 6:55:43 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
If Puma decides to walk out of the deal, what are the consequences?
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Cde Monomotapa
#1372 Posted : Tuesday, July 10, 2012 7:08:38 AM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
hisah wrote:
If Puma decides to walk out of the deal, what are the consequences?

Back to biz as usual. What else. Look for another buyer too. Ofcourse the stock will be hammered in the short run. If people aren't open to this outcome too, I will say it again sell the stock and move on.
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King G
#1373 Posted : Tuesday, July 10, 2012 8:56:04 AM
Rank: Elder


Joined: 6/20/2012
Posts: 3,855
Location: Othumo
hisah wrote:
If Puma decides to walk out of the deal, what are the consequences?


Since i missed the mbus, i would love that; 9 pap
Thieves
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PKoli
#1374 Posted : Tuesday, July 10, 2012 9:00:58 AM
Rank: Elder


Joined: 2/10/2007
Posts: 1,587
King G wrote:
hisah wrote:
If Puma decides to walk out of the deal, what are the consequences?


Since i missed the mbus, i would love that; 9 pap


In my opinion, KK should be trading at a range of 16 without PUMA. So if PUMA walks out of the deal, the drop shouldnt be so much, possibly to around 13.
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youcan'tstopusnow
#1375 Posted : Tuesday, July 10, 2012 9:27:20 AM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
What will KK announce first? Half Year results or the price agreed?smile
GOD BLESS YOUR LIFE
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Aguytrying
#1376 Posted : Tuesday, July 10, 2012 10:31:15 AM
Rank: Elder


Joined: 7/11/2010
Posts: 5,040
youcan'tstopusnow wrote:
What will KK announce first? Half Year results or the price agreed?smile


half year, i think. continuing with the guessing games
The investor's chief problem - and even his worst enemy - is likely to be himself
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Aguytrying
#1377 Posted : Tuesday, July 10, 2012 10:33:28 AM
Rank: Elder


Joined: 7/11/2010
Posts: 5,040
kenmac wrote:
Aguytrying wrote:
[quote=kenmac]new development on workers case
http://www.businessdaily...8/-/p0q3x8/-/index.html[/quote]

Old news



You must have written it:

Kenol/Kobil filling station. Photo/FILE
By BENSON WAMBUGU ( email the
author )
Posted Sunday, July 8 2012 at 17:06


i refer you to post 1352:

mwekez@ji #1352 Posted : Sunday, July 08, 2012 9:54:30 PM
Quote
Rank: Veteran


Joined: 5/31/2011
Posts: 805
Sources privy to the transaction revealed that the majority shareholders, estimated to own about 70 per cent of the firm, had agreed to cede their shares to Puma Energy while minority shareholders would have no option but to sell their stakes at an agreed price.

top 6 shareholders own over 70%
The investor's chief problem - and even his worst enemy - is likely to be himself
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the deal
#1378 Posted : Tuesday, July 10, 2012 11:01:08 AM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
This $500mn deal is sealed and dusted and off course Biwott might show up on Forbes Africa Richest African list...I will take my 7 figure cheque too...not bad for a student!!!

Link http://www.contrarianinv...nergy-to-buy-kenol-kobil
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PKoli
#1379 Posted : Tuesday, July 10, 2012 11:22:05 AM
Rank: Elder


Joined: 2/10/2007
Posts: 1,587
[quote=the deal]This $500mn deal is sealed and dusted and off course Biwott might show up on Forbes Africa Richest African list...I will take my 7 figure cheque too...not bad for a student!!!

Link http://www.contrarianinv...ergy-to-buy-kenol-kobil[/quote]

Congrats, that is not the figure for a student but a master! Let us wait for the final announcement.
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speculator
#1380 Posted : Tuesday, July 10, 2012 11:34:22 AM
Rank: New-farer


Joined: 12/1/2009
Posts: 75
Location: nairobi
PKoli wrote:
[quote=the deal]This $500mn deal is sealed and dusted and off course Biwott might show up on Forbes Africa Richest African list...I will take my 7 figure cheque too...not bad for a student!!!

Link http://www.contrarianinv...ergy-to-buy-kenol-kobil[/quote]

Congrats, that is not the figure for a student but a master! Let us wait for the final announcement.

smile Congrats. Btw did you pay "Lobola"?Laughing out loudly Laughing out loudly i remember you saying you are going to pay through stocks.
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