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KENOL KOBIL .... 2012
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guru267
#2031 Posted : Wednesday, September 12, 2012 8:50:20 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Jamani wrote:
Cde Monomotapa wrote:
Manze...

iko sawa


I regret selling @ 13.85bob.. But it was at a 25% gain & i put it all into Simba that i believe will provide higher returns than puma!!
Mark 12:29
Deuteronomy 4:16
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hisah
#2032 Posted : Wednesday, September 12, 2012 9:15:42 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
guru267 wrote:
Jamani wrote:
Cde Monomotapa wrote:
Manze...

iko sawa


I regret selling @ 13.85bob.. But it was at a 25% gain & i put it all into Simba that i believe will provide higher returns than puma!!

No worries. U made money smile
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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youcan'tstopusnow
#2033 Posted : Thursday, September 13, 2012 1:02:27 AM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
guru, at least you'll now sleep well. KPC throws a spanner in the works!
http://www.businessdaily.../-/9q4d2az/-/index.html
GOD BLESS YOUR LIFE
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youcan'tstopusnow
#2034 Posted : Thursday, September 13, 2012 1:06:42 AM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Hii kesi I hope haitakaa 8 months like KPC's appeal:
On January 26, two judges allowed an appeal by KPC and set aside Sh5.6 billion awarded to KenolKobil by an
arbitrator for an alleged
breach of contract.
Judges—Daniel Musinga and George Kimondo - referred the dispute to the sole arbitrator and seasoned lawyer Ahmednasir Abdullahi
for reconsideration.
“We are satisfied that we
should disturb the award for being so inordinately high as to represent an erroneous estimate,” ruled the judges and declined to uphold a
counter-claim of Sh1.6 billion awarded to KPC by the arbitrator.
GOD BLESS YOUR LIFE
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Aguytrying
#2035 Posted : Thursday, September 13, 2012 8:28:59 AM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
youcan'tstopusnow wrote:
guru, at least you'll now sleep well. KPC throws a spanner in the works!
http://www.businessdaily.../-/9q4d2az/-/index.html


Sasa hii ni nini? They can be viewed as buying opportunitie.....
The investor's chief problem - and even his worst enemy - is likely to be himself
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mwekez@ji
#2036 Posted : Thursday, September 13, 2012 8:37:06 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
KK is claiming KES 5.6B from KPC, while KPC is claiming KES 2B from KK. #In the past, KK won #Sept 24 the battle goes again! #this one is already tilted in favour of KK
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Cde Monomotapa
#2037 Posted : Thursday, September 13, 2012 9:19:32 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Known claims must be provided for - forward!
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VituVingiSana
#2038 Posted : Thursday, September 13, 2012 9:25:01 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,353
Location: Nairobi
youcan'tstopusnow wrote:
Hii kesi I hope haitakaa 8 months like KPC's appeal:
On January 26, two judges allowed an appeal by KPC and set aside Sh5.6 billion awarded to KenolKobil by an arbitrator for an alleged breach of contract. Judges—Daniel Musinga and George Kimondo - referred the dispute to the sole arbitrator and seasoned lawyer Ahmednasir Abdullahi
for reconsideration. “We are satisfied that we
should disturb the award for being so inordinately high as to represent an erroneous estimate,” ruled the judges and declined to uphold a counter-claim of Sh1.6 billion awarded to KPC by the arbitrator.

What sort of BS is this? "so inordinately high as to represent an erroneous estimate" coz KK had provided the facts behind those figures! IN any case, it is to be heard on 24 Sep so not an issue to fret about. What's more, KPC is simply using this as an excuse to hassle KK but it will be won by KK. It's about the amount not the 'case' anymore!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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  | | Edit by user: Thursday, September 13, 2012 9:26 AM | Reason: Not specified
VituVingiSana
#2039 Posted : Thursday, September 13, 2012 9:32:42 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,353
Location: Nairobi
"George Odunga warned KenolKobil against sealing the deal with Puma Energy, divesting itself from any of its business or facilitating transfer of shareholder’s interest to the foreign company."
This is nonsense. KK is not divesting its business. KK's shareholders are selling its shares. How can the judge think he can direct KK to stop its shareholders from selling their shares?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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  | | Edit by user: Thursday, September 13, 2012 9:34 AM | Reason: Not specified
selah
#2040 Posted : Thursday, September 13, 2012 10:32:58 AM
Rank: Elder

Joined: 10/13/2009
Posts: 1,950
Location: in kenya
If the courts will be used to stifle business growth then I think we are heading to dangerous grounds.Looking at the suits that are putting on hold the sale of KK,they are really very frivolous.

The KPC suit is an abuse of the court system they know their case is in arbitration and they are owed big time by KK,Tee law suit by employees is quite interesting How do you stop a sale because you fear business restructuring will render you redundant.

Unless KK has broken any labour laws the suits by the employees shld not halt the sale.

'......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
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259 Pages«<202203204205206>»
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