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KENOL KOBIL .... 2012
Sufficiently Philanga....thropic
#1761 Posted : Friday, August 31, 2012 9:58:00 AM
Rank: Elder


Joined: 9/23/2010
Posts: 2,221
Location: Sundowner,Amboseli
mwekez@ji wrote:
Cde Monomotapa wrote:
Pay employees 500M* we collect 30B* - iko nini! Relax...


@SufficientlyP
King G
#1762 Posted : Friday, August 31, 2012 10:05:16 AM
Rank: Elder


Joined: 6/20/2012
Posts: 3,855
Location: Othumo
mwekez@ji wrote:
Workers wont win here. Read a similar case results: Court lifts order barring Kenya Airways job cuts (Thu Aug 30, 2012 2:38pm GMT) http://af.reuters.com/article/i...ws/idAFJOE87T06320120830


@ Mwekezaji: At end of the day, the workers wont win or the amount awarded will be far much less. But they would have scattled the deal of KK & PUMA in two ways; delayed the process and increased risk factors for the business and thereby lowering the offer price by PUMA
Thieves
Sufficiently Philanga....thropic
#1763 Posted : Friday, August 31, 2012 10:08:58 AM
Rank: Elder


Joined: 9/23/2010
Posts: 2,221
Location: Sundowner,Amboseli
Buying fear extended!!!!!!!!!!End month offersmile
@SufficientlyP
King G
#1764 Posted : Friday, August 31, 2012 10:11:18 AM
Rank: Elder


Joined: 6/20/2012
Posts: 3,855
Location: Othumo
mwekez@ji wrote:
Workers wont win here. Read a similar case results: Court lifts order barring Kenya Airways job cuts (Thu Aug 30, 2012 2:38pm GMT) http://af.reuters.com/article/i...ws/idAFJOE87T06320120830


@ Mwekezaji: At end of the day, the workers wont win or the amount awarded will be far much less. But they would have scattled the deal of KK & PUMA in two ways; delayed the process and increased risk factors for the business and thereby lowering the offer price by PUMA
Thieves
Kausha
#1765 Posted : Friday, August 31, 2012 10:27:19 AM
Rank: Member


Joined: 2/8/2007
Posts: 808
Look at Kenya airways, where Union staff had even a stronger case coz KQ has said it's doubling its fleet and will need staff obviously but still the honorable judge allowed KQ to fire them and you can bet by January KQ will be hiring more staff and the employees will only watch.

The only party than can scuttle the deal is CMA but they already okayed it. Secondly let's hypothetically say the deal is scuttled, you can Nick B will still fire these employees probably with less pay. They should look at KQ and learn to engage the employer constructively by showing they can add value. The court can not guarantee the jobs and I doubt the honorable judge knows how capital markets work. Otherwise she has no locus standi to stop Nick B and Puma for trading on the NSE or enforcing it. Nick B could become frivolous and file an injuction against CMA and possibly NSE for being discriminated from trading on NSE? Infact he could also sell Wells Petrolium Holdings, Petroholdings, Highfield and Cherry holdings to Puma privately aware from the glare of employees and CMA and still come and fire the same employees.

If you recall how Matiba and Centum pulled a fast one on CMA when Carbacid and BOC deal fell through. Were it not for carelessness of BOC and mostly it transaction advisor, BOC should have lowered the threshold for success to 50% bought carbacid. Latter on when Centum bought Matiba's stake under Rasimu, there was nothing stopping Centum from selling Rasimu to BOC directly aware from CMA's glare. There are many ways of skinning the cat and staff should remember the business of a business is to grow the business and they need to align themselves with this. So on KQ where is atwoli to come and rescue them like last time.....
mlennyma
#1766 Posted : Friday, August 31, 2012 10:55:41 AM
Rank: Elder


Joined: 7/21/2010
Posts: 6,183
Location: nairobi
The bad blood now created btw staff and management calls for mass sacking and hire new fresh minds in bits.
"Don't let the fear of losing be greater than the excitement of winning."
mwekez@ji
#1767 Posted : Friday, August 31, 2012 12:43:34 PM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
Sufficiently Philanga....thropic wrote:
Buying fear extended!!!!!!!!!!End month offersmile


Notice the way foreigners are buying today smile
Kausha
#1768 Posted : Friday, August 31, 2012 2:15:53 PM
Rank: Member


Joined: 2/8/2007
Posts: 808
Or Puma perhaps!
Sufficiently Philanga....thropic
#1769 Posted : Friday, August 31, 2012 2:36:24 PM
Rank: Elder


Joined: 9/23/2010
Posts: 2,221
Location: Sundowner,Amboseli
mwekez@ji wrote:
Sufficiently Philanga....thropic wrote:
Buying fear extended!!!!!!!!!!End month offersmile


Notice the way foreigners are buying today smile

@SufficientlyP
2012
#1770 Posted : Friday, August 31, 2012 4:34:04 PM
Rank: Elder


Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
mwekez@ji wrote:
Sufficiently Philanga....thropic wrote:
Buying fear extended!!!!!!!!!!End month offersmile


Notice the way foreigners are buying today smile


Perhaps they should google today's Nation for yesterday's court ruling.

BBI will solve it
:)
Sufficiently Philanga....thropic
#1771 Posted : Friday, August 31, 2012 5:28:40 PM
Rank: Elder


Joined: 9/23/2010
Posts: 2,221
Location: Sundowner,Amboseli
Enter @2012, the socialist...or is it communist. Reading your comments on this thread and the one you posted on the CBK MPC thread about controlling interest rates that banks charge their customers,one could be forgiven for thinking you hail from the land of Kikwete!smile
@SufficientlyP
mlennyma
#1772 Posted : Friday, August 31, 2012 7:33:59 PM
Rank: Elder


Joined: 7/21/2010
Posts: 6,183
Location: nairobi
So employing somebody is like taking yourself to the gates of court??.opportunist kenyans with their greedy lawyers.
"Don't let the fear of losing be greater than the excitement of winning."
Cde Monomotapa
#1773 Posted : Monday, September 03, 2012 12:37:29 AM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
Sufficiently Philanga....thropic wrote:
mwekez@ji wrote:
Cde Monomotapa wrote:
Pay employees 500M* we collect 30B* - iko nini! Relax...



2012
#1774 Posted : Monday, September 03, 2012 10:22:53 AM
Rank: Elder


Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
Sufficiently Philanga....thropic wrote:
Enter @2012, the socialist...or is it communist. Reading your comments on this thread and the one you posted on the CBK MPC thread about controlling interest rates that banks charge their customers,one could be forgiven for thinking you hail from the land of Kikwete!smile


I'm for people who fight for their rights instead of going with the status quo. If we allow people who helped build our companies too be fired hub-hazardly like this what tells you that we will be able to grow our businesses or build confidence in employees? It's no we get terrible service wherever we go. I visited KK Valley Arcade and I can tell you I'm not going back to that station again. Whatever is happening up in KK is best experienced downstream. Go fuel there and you'll understand.
As for the interest rates, do you know the developed nations would collapse if they are charged the kind of interests we're charged? Are you happy with the amount of interest your bank pays you for your savings? Why should we encourage these practices that only result to a poorer nation?

As Cde says, pay them off well and part ways happily.

BBI will solve it
:)
hisah
#1775 Posted : Monday, September 03, 2012 10:28:26 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Meanwhile some interesting price vs volume action...

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
mwekez@ji
#1776 Posted : Monday, September 03, 2012 10:57:26 AM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
hisah wrote:
Meanwhile some interesting price vs volume action...



Someone is buying on dips.

On friday, the counter traded 2,649,900 shares (the latest high bar).96.3% of those shares were foreing buys. Watching to see how big a position this foreigner is taking. If it goes to 5M shares, then 10M, then 15M ... then something very very big is in the offing!
Jamani
#1777 Posted : Monday, September 03, 2012 11:06:12 AM
Rank: Elder


Joined: 9/12/2006
Posts: 1,554
And as at now all the purchases done are by a foreigner investor(s) are we reading too much into this?
cnn
#1778 Posted : Monday, September 03, 2012 1:23:21 PM
Rank: Veteran


Joined: 6/17/2009
Posts: 1,619
7 million shares traded so far today...is the end near for the patient ones?
Jamani
#1779 Posted : Monday, September 03, 2012 1:32:53 PM
Rank: Elder


Joined: 9/12/2006
Posts: 1,554
cnn wrote:
7 million shares traded so far today...is the end near for the patient ones?

Inshallah
mwekez@ji
#1780 Posted : Monday, September 03, 2012 2:01:29 PM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
7.7 M shares, VWAP up, Thats an entry. Someone taking position.
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