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KENOL KOBIL .... 2012
Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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BGL wrote:youcan'tstopusnow wrote:BGL, nimesoma the document. It states that once the 90 percent threshold was reached, he was free to compulsorily acquire the rest of the shares. Other articles put the figure at 97.6 percent, but that's besides the point. Swali ni does Kenya have a similar threshold?
I was answering the comment of @guru and put in an example of a compulsory take-over. Maybe the people who had invested in Unilever could tell us more of how things are done in Kenya. Wapi Miguna Miguna to hold brief for minority shareholders and or employees if need be. Sawa. I have a question for you in the UNAITAS thread... GOD BLESS YOUR LIFE
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Heading into the final week of the month. Hopefully we'll get some direction on PUMA's next move by latest next week. Hopefully... GOD BLESS YOUR LIFE
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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During this update, Link,KK said, On due diligence: Puma Energy is expected to complete its due diligence on the Company in July, after which negotiations with the Company will Continue. On Updates: KK will continue giving regular updates to the public in a timely manner as and when important developments occur. Verdict: Expect an update this week or early next week. This could come with the H1 results.
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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mwekez@ji wrote:During this update, Link,KK said, On due diligence: Puma Energy is expected to complete its due diligence on the Company in July, after which negotiations with the Company will Continue. On Updates: KK will continue giving regular updates to the public in a timely manner as and when important developments occur. Verdict: Expect an update this week or early next week. This could come with the H1 results. The volume on the demand side remain high. It is obvious some major announcement is on the way.
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Rank: Veteran Joined: 6/17/2009 Posts: 1,619
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Finally CFCFS have put their words in writing. Shrewd writing, indirectly bringing out their negativity on the counter. Here is their conclusion:
"It is likely that KenolKobil presented a great takeover opportunity for Puma Energy at a price that was acceptable by KenolKobil. It is however unclear if the takeover was one of a company in distress. The deal in my opinion will go through as the majority shareholders have agreed on a price to sell their stake and the minority shareholders will have to sell the remaining stake at a price to be set by the regulator. The biggest question at the moment is, what is the price? There is no definitive answer as of yet. The reasons behind the recent trading activity ceases to be based on fundamentals, and the price ceases to be a reflection of the intrinsic value of the company, but rather the function of bets between speculators on what the buyout price will be and whether the market can offer a better return. The result, uncertainty. Whether this house is made of straw, wood or brick is a non issue, it might as well be made of a combination. All in all, the house will likely be off the market soon."
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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Give us a good sendoff "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Member Joined: 2/8/2007 Posts: 808
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I am lost why would the price be set by the regulator? This is an outright acquisition..
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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A bit late from them... GOD BLESS YOUR LIFE
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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There's nothing new what thatarticle is saying. Sounds like someone who decided to say something coz they realisd they have a.mouth. N what off "not representative of fundamentals mean ???" Whats this guy smoking!? 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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I continue to wonder why CFC advisory is a lone-ranger in this KK game... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Member Joined: 7/21/2010 Posts: 249 Location: nairobi
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mwekez@ji wrote:Finally CFCFS have put their words in writing. Shrewd writing, indirectly bringing out their negativity on the counter. Here is their conclusion:
"It is likely that KenolKobil presented a great takeover opportunity for Puma Energy at a price that was acceptable by KenolKobil. It is however unclear if the takeover was one of a company in distress. The deal in my opinion will go through as the majority shareholders have agreed on a price to sell their stake and the minority shareholders will have to sell the remaining stake at a price to be set by the regulator. The biggest question at the moment is, what is the price? There is no definitive answer as of yet. The reasons behind the recent trading activity ceases to be based on fundamentals, and the price ceases to be a reflection of the intrinsic value of the company, but rather the function of bets between speculators on what the buyout price will be and whether the market can offer a better return. The result, uncertainty. Whether this house is made of straw, wood or brick is a non issue, it might as well be made of a combination. All in all, the house will likely be off the market soon." Link? ..desire to succeed is always fighting with fear of failure..
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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maina20 wrote:mwekez@ji wrote:Finally CFCFS have put their words in writing. Shrewd writing, indirectly bringing out their negativity on the counter. Here is their conclusion:
"It is likely that KenolKobil presented a great takeover opportunity for Puma Energy at a price that was acceptable by KenolKobil. It is however unclear if the takeover was one of a company in distress. The deal in my opinion will go through as the majority shareholders have agreed on a price to sell their stake and the minority shareholders will have to sell the remaining stake at a price to be set by the regulator. The biggest question at the moment is, what is the price? There is no definitive answer as of yet. The reasons behind the recent trading activity ceases to be based on fundamentals, and the price ceases to be a reflection of the intrinsic value of the company, but rather the function of bets between speculators on what the buyout price will be and whether the market can offer a better return. The result, uncertainty. Whether this house is made of straw, wood or brick is a non issue, it might as well be made of a combination. All in all, the house will likely be off the market soon." Link? Wazua google group. If not yet a member, put your email on thread titled "Portfolio recommendations from Brokers" http://www.wazua.co.ke/forum.as...8652&p=10#post301026
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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PKoli wrote:Any news on KK? Bado boss... GOD BLESS YOUR LIFE
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Rank: Veteran Joined: 11/11/2006 Posts: 972 Location: Home
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PKoli wrote:Any news on KK?
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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There is an opportunity cost in holding KQ. Either hold on a receive a 17 bob payment (according to analysts) or sell at 16, bear the buying commissions but invest in stocks with upside potential. Life is short. Live passionately.
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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sparkly wrote:There is an opportunity cost in holding KQ. Either hold on a receive a 17 bob payment (according to analysts) or sell at 16, bear the buying commissions but invest in stocks with upside potential. What if it's not 17.00? The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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Its honourable for this company to break news this week. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 11/7/2007 Posts: 2,182
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we wait but eish wamekaa sana. LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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