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KENOL KOBIL .... 2012
Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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Cde Monomotapa wrote:Meaning @ycsun, @vvs & I can't meet over tea and agree then pursue regulators as we implement? Hehe or is the govt. omni-present?  Illegal but that that hasn't stop nyoike has it? See how MPs, MoE, nyoike & even Wazuans criticized KK for fighting KPRL & KPC. After the dust settled, KK came out the clear winner. If KK prevails over KPC (very likely) then another pay day coming up! 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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youcan'tstopusnow wrote:Looks like kutakuwa na a lot of bumps before this deal is done and dusted... Agreed ... KK should now drop the H1 results bomb to scare the hell out of people. Wouldn't mind another good buying opportunity
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Rank: Member Joined: 2/8/2007 Posts: 808
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Nyoike is hilarious, kwani when large blocks trade everyday his ministry has to be informed. I feel sad that we have MP's and PS's like nyoike at the helm. No wonder we aren't moving forward even with Mirage 2030. This is a listed company, only has to be informed over an impeding takeover and once they give a go ahead can the parties pursue various regulators. Last time I checked, CMA was an arm of government. If Nyoiks could put his thinking cap on, he would realize why it's important only CMA knows in the first instance. Else Nyoike and his staff would easily have gone to the market with the information and made a killing while your ordinary investor without the information wouldn't have known or would have sold to Nyoike unwittingly.
Something else buffling me is the suit by members of staff. Simply because Puma bought BP SA and laid of staff is not grounds to block them from buying KeKe. They could easily buy a 20% of the company come into the board and lobby for the same lay offs. We have a problem in Kenya where people believe employment is marriage or family with permanent ties. Employment is a contractual business relationship which can be terminated. Why are employees struggling with this simple fact. What do they want a pay off or guarantees or some loving....
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Kausha wrote:Nyoike is hilarious, kwani when large blocks trade everyday his ministry has to be informed. I feel sad that we have MP's and PS's like nyoike at the helm. No wonder we aren't moving forward even with Mirage 2030. This is a listed company, only has to be informed over an impeding takeover and once they give a go ahead can the parties pursue various regulators. Last time I checked, CMA was an arm of government. If Nyoiks could put his thinking cap on, he would realize why it's important only CMA knows in the first instance. Else Nyoike and his staff would easily have gone to the market with the information and made a killing while your ordinary investor without the information wouldn't have known or would have sold to Nyoike unwittingly.
Something else buffling me is the suit by members of staff. Simply because Puma bought BP SA and laid of staff is not grounds to block them from buying KeKe. They could easily buy a 20% of the company come into the board and lobby for the same lay offs. We have a problem in Kenya where people believe employment is marriage or family with permanent ties. Employment is a contractual business relationship which can be terminated. Why are employees struggling with this simple fact. What do they want a pay off or guarantees or some loving.... Amen.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Aguytrying wrote:@hisah. have u read the CFC report? i would like to read it.
@mwekezaji. do not worry about foreigners, they are not demi gods
Oops! Seems I said "did" instead of "didn't". I was referring to the statement by @youcant about that CFC guy on selling KK. I find it queer that someone would call the opposite against the sentiment tide and the price has refused to break above 17/-
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Member Joined: 2/8/2007 Posts: 808
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It's simple Kestrel are the transaction adviser and the top broker in town. What are the odds Andre De Simone would allow his sell side analysts to issue a buy recommendation while the corp fin team is busy executing at a much lower price target. At Goldman Sachs ans simmilar large IB's this can happen because the broking and Corp Fin are large independent businesses but at Kestrel the Corp Fin guy is perhaps one person while the analysts on sell are probably 3. These people eat lunch together.......The CFC guy is try stir the market into activity but in a poor way.
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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@Kausha, et al, could you be aware why there is too much silence from KK. Due diligence was initially scheduled to be completed by June. The silence is becoming louder by the day
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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mwekez@ji wrote:@Kausha, et al, could you be aware why there is too much silence from KK. Due diligence was initially scheduled to be completed by June. The silence is becoming louder by the day There was an option to seek an extension. I think that's what they did and they should now be through by end month. However, it now seems as though Nyoike is intent on doing his own "due diligence". Will this affect any announcement that was in the pipeline? ''I undertake to do due diligence and address issues such as staff interest,” Mr Nyoike told MPs. GOD BLESS YOUR LIFE
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Rank: Member Joined: 2/8/2007 Posts: 808
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Due dilligence was to completed by July and not June. This deal will be done by end of August 2012.
They have already agreed and signed on the pricing of the deal subject to all these conditions. Bear in Mind KeKe will have to empty the cash reserves via interim divy during this half year or as part of the deal via special divy as happens in similar transactions..
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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mwekez@ji wrote:youcan'tstopusnow wrote:Looks like kutakuwa na a lot of bumps before this deal is done and dusted... Agreed ... KK should now drop the H1 results bomb to scare the hell out of people. Wouldn't mind another good buying opportunity Not yet. Sina mbecha! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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Kausha wrote:Nyoike is hilarious, kwani when large blocks trade everyday his ministry has to be informed. I feel sad that we have MP's and PS's like nyoike at the helm. No wonder we aren't moving forward even with Mirage 2030. This is a listed company, only has to be informed over an impeding takeover and once they give a go ahead can the parties pursue various regulators. Last time I checked, CMA was an arm of government. If Nyoiks could put his thinking cap on, he would realize why it's important only CMA knows in the first instance. Else Nyoike and his staff would easily have gone to the market with the information and made a killing while your ordinary investor without the information wouldn't have known or would have sold to Nyoike unwittingly.
Something else buffling me is the suit by members of staff. Simply because Puma bought BP SA and laid of staff is not grounds to block them from buying KeKe. They could easily buy a 20% of the company come into the board and lobby for the same lay offs. We have a problem in Kenya where people believe employment is marriage or family with permanent ties. Employment is a contractual business relationship which can be terminated. Why are employees struggling with this simple fact. What do they want a pay off or guarantees or some loving.... Agreed +1,000,000 Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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mwekez@ji wrote:@Kausha, et al, could you be aware why there is too much silence from KK. Due diligence was initially scheduled to be completed by June. The silence is becoming louder by the day It was 6 weeks with an optional 2 week extension. This means the DD would have continued into mid-July. Idiots like nyoike are trying to throw their weight around to score political points and get a piece of the pie. CMA is the entity that should have been approached first. Apparently, this was done. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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The rollercoaster continues with VWAP now at 15.50 GOD BLESS YOUR LIFE
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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youcan'tstopusnow wrote:The rollercoaster continues with VWAP now at 15.50 The demand was really huge.
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Rank: Member Joined: 4/2/2011 Posts: 629 Location: Nai
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youcan'tstopusnow wrote:The government was kept in the dark over the impending takeover of KenolKobil by Puma Energy of Switzerland, putting at risk the interest of minority shareholders, workers and creditors. “We read in the papers of their-Puma-intentions to take over KenolKobil,” said Mr Nyoike. http://www.businessdaily.../-/qhxd9yz/-/index.html
Nyoike probably wanted to be informed beforehand so that he dashes to the market and buy. I agree Remember the KPRL/KPC case? I have always argued that the threats to take away KK's license was meant to drive the share price down so that the biggies could accumulate knowing very well that the KK would win the case and the license would never be taken away.
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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Where did the figure of 25 billion being reported by newspapers as the buyout for KK come from?
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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I love it when firms like NOCK have internal fights or external interference leaving KK to run its biashara! http://www.businessdaily...8/-/hvlcl9z/-/index.htmlGreedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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i wish i could act surprised but i am not. who ever heard of smooth takeover? largely expected. i wondered how quiet they've been. every one wants a piece of the pie when u are in the money, it always happens. wish keke would drop below 14.50, thats where i have been pulling the trigger. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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hisah wrote:Aguytrying wrote:@hisah. have u read the CFC report? i would like to read it.
@mwekezaji. do not worry about foreigners, they are not demi gods
Oops! Seems I said "did" instead of "didn't". I was referring to the statement by @youcant about that CFC guy on selling KK. I find it queer that someone would call the opposite against the sentiment tide and the price has refused to break above 17/-
a broker. qan enyclopedia seller Will always tell you you need one. if it was a cfc report id pay attention, but a broker.....not enough The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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[quote=VituVingiSana]I love it when firms like NOCK have internal fights or external interference leaving KK to run its biashara! http://www.businessdaily.../-/hvlcl9z/-/index.html[/quote] The energy show or is it showdown  $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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