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KENOL KOBIL .... 2012
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Jamani
#1661 Posted : Thursday, August 16, 2012 4:53:52 PM
Rank: Elder

Joined: 9/12/2006
Posts: 1,554
youcan'tstopusnow wrote:
Bloomberg have now changed their Next Earnings Announcement for KenolKobil to 22nd August. Nkt! Do they know what they are saying ama they are just adding 7 days!


They are speculating on the date...
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mwekez@ji
#1662 Posted : Thursday, August 16, 2012 5:46:01 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
Today, foreign sales accounted for 73% of the trades at this counter. Its these foreigners who have caused the share slump today.

Read on an extract of sib report "KenolKobil inched 2.3% lower on the back of news of potential litigation with employees ahead of the expected takeover of the company by Puma Energy, which had initially appeared to have been settled. Some investors are concerned of a prolonged delay in the transaction".
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mwekez@ji
#1663 Posted : Thursday, August 16, 2012 5:48:07 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
Jamani wrote:
Sufficiently Philanga....thropic wrote:
We die once,but hey,this deal will make us live twicesmile

indeedLaughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly


indeed indeed smile smile smile smile
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PKoli
#1664 Posted : Thursday, August 16, 2012 5:51:28 PM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
Sufficiently Philanga....thropic wrote:
After this KK deal is done & dusted,i might as well take an early christmas breaksmile
Been quietly picking...even as i tremble.Not so sure when the bleeding will stop.
Beta quite high this stock!


I think the brave guys will make some quid here..I am willing to risk in this and add more at around 15 or less..
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mwekez@ji
#1665 Posted : Thursday, August 16, 2012 6:05:33 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
PKoli wrote:
Sufficiently Philanga....thropic wrote:
After this KK deal is done & dusted,i might as well take an early christmas breaksmile
Been quietly picking...even as i tremble.Not so sure when the bleeding will stop.
Beta quite high this stock!


I think the brave guys will make some quid here..I am willing to risk in this and add more at around 15 or less..


@PKoli, seems the eyes watching those levels with you are very many

Todays trades at 15 and sub 15 were very few and were quickly grabbed. The action was at 15.10 and thats is also todays VWAP. If the fear has died, and the foreigners stay out of the sell side, >16 here it comes again.
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hisah
#1666 Posted : Thursday, August 16, 2012 6:37:45 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
The cartoon technicals don't look very nice once VWAP is sub 15...

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Cde Monomotapa
#1667 Posted : Thursday, August 16, 2012 8:10:53 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Cde Monomotapa wrote:
Pay employees 500M* we collect 30B* - iko nini! Relax...
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Jamani
#1668 Posted : Thursday, August 16, 2012 9:19:28 PM
Rank: Elder

Joined: 9/12/2006
Posts: 1,554
Tension after court stops Kenol lay-offs

Senior staff at the oil marketer in Nairobi said Puma Energy had asked the oil marketer to lay off at least half of the employees as part of the ongoing take-over.

“There is a lot of tension among the staff; the harassment hasn’t stopped. Several other employees have been told to prepare to leave the company in the next three months. When officers from Puma Energy first came to our office, they indicated that they would want a leaner and younger staff,” a senior employee at the firm said.

http://www.nation.co.ke/...4/-/luvr4rz/-/index.html
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Jamani
#1669 Posted : Thursday, August 16, 2012 9:39:00 PM
Rank: Elder

Joined: 9/12/2006
Posts: 1,554
Contacted, Trafigura said it was still carrying out a due diligence process.

“Once this process is completed and price discussions are finalised, we will be in a position to announce the next steps,” Ms Victoria Dix, Trafigura’s head of media relations, said in an email interview.
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BGL
#1670 Posted : Thursday, August 16, 2012 9:53:40 PM
Rank: Veteran

Joined: 10/11/2009
Posts: 1,223
King G wrote:
Even the cautionary statement from KK talked about due diligence by PUMA being done by July (they have not indicated which year so be very careful, Segman can come back and say he meant 2013)


I suspect King G was right.
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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  | | Edit by user: Thursday, August 16, 2012 9:55 PM | Reason: Not specified
259 Pages«<165166167168169>»
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