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KENOL KOBIL .... 2012
Rank: Member Joined: 8/16/2012 Posts: 660
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Depends on when the post was written . . Clearly before end of trading. Live and learn; and don’t forget, nothing ventured, nothing gained.
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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"Tafakari ya babu"before he died,he told me whenever i encounter a storm i should lie down and never attempt to run. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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#In the same mind
I suspect Puma Energy will look through the KenolKobil H1 Earnings Outcome and focus on the News of the First significant gas found offshore Kenya at The Mbawa-1 well, around 70 kms off the coast of Malindi, which found about 52 metres of gas in its shallowest target as per Britain's Tullow Oil and Australia's Pancontinental Oil & Gas and which lends further Credence to My Theory that the Last Great Energy Prize is sitting offshore from Maputo through Mogadishu and all points in between. I think The Purchase of KenolKobil for Puma is all about Leveraging KenolKobil's Footprint but also about an astute and tangential Entry into a Red Hot Oil and Gas Sector on the East SeaBoard of Africa. Therefore, I stand by my Minimum Take Out Price for KenolKobil of 17.68 from May this Year. (Rich - 10.09.2012)
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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@Mwekez@ji my friend, if the take out price quoted in May was 17 then be very afraid. Times have changed. Between then and now there has been a court case by workers and the massive cash required by the workers to conclude the deal was not factored in by then, because ofcourse they want more and will get it. If the situation is not handled well, there is a big possibility that the 2 companies will not agree on terms. Lets keep watching tho "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Elder Joined: 9/12/2006 Posts: 1,554
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mwekez@ji wrote:#In the same mind
I suspect Puma Energy will look through the KenolKobil H1 Earnings Outcome and focus on the News of the First significant gas found offshore Kenya at The Mbawa-1 well, around 70 kms off the coast of Malindi, which found about 52 metres of gas in its shallowest target as per Britain's Tullow Oil and Australia's Pancontinental Oil & Gas and which lends further Credence to My Theory that the Last Great Energy Prize is sitting offshore from Maputo through Mogadishu and all points in between. I think The Purchase of KenolKobil for Puma is all about Leveraging KenolKobil's Footprint but also about an astute and tangential Entry into a Red Hot Oil and Gas Sector on the East SeaBoard of Africa. Therefore, I stand by my Minimum Take Out Price for KenolKobil of 17.68 from May this Year. (Rich - 10.09.2012) I am with you and stuck in there waiting for Pumas offer price
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Rank: Member Joined: 8/17/2011 Posts: 207 Location: humu humu
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The same samwuel had for a long time put a buy recomm..
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Rank: Elder Joined: 9/12/2006 Posts: 1,554
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murchr wrote:@Mwekez@ji my friend, if the take out price quoted in May was 17 then be very afraid. Times have changed. Between then and now there has been a court case by workers and the massive cash required by the workers to conclude the deal was not factored in by then, because ofcourse they want more and will get it.
If the situation is not handled well, there is a big possibility that the 2 companies will not agree on terms. Lets keep watching tho It must have been factored, how do you retrench without providing for the cost of retrenchment? Further to the court we learn a lot from the KQ case, precedent set..
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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And no funds for retrenchment unless puma pays a down payment i guess. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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guru267 wrote:VituVingiSana wrote:guru267 wrote:mwekez@ji wrote:Watch KK make money in H2 2012! You are setting yourself up for serious heartache and ulcers!! I have issues with a management that burns 30% of shareholder funds in a hedging experiment! Im out first thing tomorrow because my reason for holding KK was not the puma buyout! OK. Which broker do you use? How many do you want to sell? What price? Dyer & Blair! 55,500units 13.50bob @9.30am I was being greedy. I bid at 13 but someone beat me to it. Care to lower it to 13.10 tomorrow? 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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2012 wrote:Many people made their cash but greed won't let them sell. I still wonder what people were doing holding this counter at 15/-.
Right now if I'm Puma, I wouldn't pay more than 13/- a share! Why should I while I'm coming in as the messiah? It makes business sense. Simple. Most shareholders (including the majority) have 'eaten' the loss. Then it is time to look ahead. KK remains in a strong position in the market. 1) It has cut back on Deal Poa hence it will sell lower volumes at a higher margin but probably (overall) higher profits. 2) K-Card in so many hands. The 2/- discount will still keep me going to KK. 3) The EAC economies continue expanding so volumes will increase over time. 4) Lower financing costs as interest rates drop from 28% to 20% and probably lower towards December. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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VituVingiSana wrote:guru267 wrote:VituVingiSana wrote:guru267 wrote:mwekez@ji wrote:Watch KK make money in H2 2012! You are setting yourself up for serious heartache and ulcers!! I have issues with a management that burns 30% of shareholder funds in a hedging experiment! Im out first thing tomorrow because my reason for holding KK was not the puma buyout! OK. Which broker do you use? How many do you want to sell? What price? Dyer & Blair! 55,500units 13.50bob @9.30am I was being greedy. I bid at 13 but someone beat me to it. Care to lower it to 13.10 tomorrow? I already got out today at an average of 13.85...  I've Ploughed every last cent into simba and I ain't looking back! Lets meet in 2013 & compare notes! Mark 12:29
Deuteronomy 4:16
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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guru267 wrote:Only managed to offload 500shares @ 14bob so far.. only 50k to go!  How about 13.10 for all 50K? Kesho? 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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Aguytrying wrote:mwekez@ji wrote:Aguytrying wrote:Given this loss, Id say 17.00 to be a fair buyout price
( I know....they got to me ) Indeed the huge loss has got to us. It has eaten KES 2.6 per share of our hard earned retained earnings. However, going forward is BRIGHT. H2 2012, KK will reverse a good portion of the damage done in H1 2012. That put into consideration, the fair buyout price should be >KES 20. Bullish Much? I see your now the one spearheading KK's Public relations now  Buyout > 20 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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guru267 wrote:I have finally said goodbye to this counter at an average of 13.85bob..
That is a commendable 25% over my average buy + commissions!
Now i wait to see how much the Guys waiting for puma will make from KK.. Let's note the date. You sold out at 13.85 on 10 Sep 2012. Let's see where we are headed from here! 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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guru267 wrote:I already got out today at an average of 13.85... I've Ploughed every last cent into simba and I ain't looking back! Lets meet in 2013 & compare notes! I have nothing against ROAR... It has done very well. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 9/12/2006 Posts: 1,554
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Rank: Veteran Joined: 6/17/2009 Posts: 1,619
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VituVingiSana wrote:guru267 wrote:I have finally said goodbye to this counter at an average of 13.85bob..
That is a commendable 25% over my average buy + commissions!
Now i wait to see how much the Guys waiting for puma will make from KK.. Let's note the date. You sold out at 13.85 on 10 Sep 2012. Let's see where we are headed from here! @vvs..at 13 bob you must be at least 25% up if you did not indulge at the levels KK has been trading after the trading suspension was lifted,why would you want to hold out for a take over bid whose timeline if ever is becoming increasingly blurred,and probably losing you opportunities elsewhere?
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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cnn wrote:VituVingiSana wrote:guru267 wrote:I have finally said goodbye to this counter at an average of 13.85bob..
That is a commendable 25% over my average buy + commissions!
Now i wait to see how much the Guys waiting for puma will make from KK.. Let's note the date. You sold out at 13.85 on 10 Sep 2012. Let's see where we are headed from here! @vvs..at 13 bob you must be at least 25% up if you did not indulge at the levels KK has been trading after the trading suspension was lifted,why would you want to hold out for a take over bid whose timeline if ever is becoming increasingly blurred,and probably losing you opportunities elsewhere? Its a marriage thing! Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Jamani wrote:http://www.nation.co.ke/business/news/Employees+sue+KenolKobil+boss/-/1006/1501730/-/mdh6hb/-/index.html When will employees know that a company belongs to the shareholders? You cannot refused to be sacked, just like your employer cannot refuse your resignation. Even the court cannot compel a company to retain an employee, just to compensate according to the contract of employment and the labour laws. Are the employees taking a pay cut since the company has made huge losses? Life is short. Live passionately.
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