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KENOL KOBIL .... 2012
Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Kausha wrote:Deal is very much on, 'tulizeni boli' Tell dem broda
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Rank: Member Joined: 2/8/2007 Posts: 808
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This taxation law is poorly worded. You obviously know very well KK will point to the lack of capital gains taxes transactions involving listed company shares, seek clarity on which law supercedes the other and cite BBK as a precedent. I think the ambiguity is deliberate to extort some bribes from KK but otherwise the legislation was targeted at exploration companies to avoid the Tullow - Heritage scenario in Uganda.
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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Kausha wrote:This taxation law is poorly worded. You obviously know very well KK will point to the lack of capital gains taxes transactions involving listed company shares, seek clarity on which law supercedes the other and cite BBK as a precedent. I think the ambiguity is deliberate to extort some bribes from KK but otherwise the legislation was targeted at exploration companies to avoid the Tullow - Heritage scenario in Uganda. Nyoike strikes again. If Jubilee wins... this is one chap I do not want re-appointed. 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: 18,103 Location: Nairobi
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And the deal is dead... SELL, SELL, SELL... (In a weird, morbid way... I want it to fall below 10) Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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VituVingiSana wrote:And the deal is dead... SELL, SELL, SELL...
(In a weird, morbid way... I want it to fall below 10) I blame the Commercial Court Division for dragging their feet in determining disputes. That is tantamount to stifling investment in the country. GOD BLESS YOUR LIFE
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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VituVingiSana wrote:And the deal is dead... SELL, SELL, SELL...
(In a weird, morbid way... I want it to fall below 10)  rink? "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: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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VituVingiSana wrote:And the deal is dead... SELL, SELL, SELL...
(In a weird, morbid way... I want it to fall below 10) Interesting a great company caught up in a storm...great buying opportunity.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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murchr wrote:VituVingiSana wrote:And the deal is dead... SELL, SELL, SELL...
(In a weird, morbid way... I want it to fall below 10) rink? rink - http://bit.ly/YO7ypl
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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the deal wrote:VituVingiSana wrote:And the deal is dead... SELL, SELL, SELL...
(In a weird, morbid way... I want it to fall below 10) Interesting a great company caught up in a storm...great buying opportunity. What timing... I can hardly wait for the market to open post elections. This one will be hammered proper then those ulcers inducing results.$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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I TOLD YOU SO! when the guru speaks.... Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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When i developed cold feet and felt the deal would disapoint i was told am not a share holder and was courageous to sell at 15.50.now i own nothing like kk "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Kenol Kobil will return to profit making ways in 2013. Life goes on.
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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Warren Buffett: Only buy something that you'd be perfectly happy to hold if the market shut down for 10 years.Graham, a British-born economist and former Columbia professor who died in 1976, is considered the creator of value investing. Warren Buffett said Graham's book, "The Intelligent Investor," "changed my life." Graham focused on the importance of buying underpriced stocks. Buffett embraced that idea but took it a step further -- focusing on buying "wonderful companies at wonderful prices" and holding on to them rather than simply buying any company that appeared to be a bargain. 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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the deal wrote:Kenol Kobil will return to profit making ways in 2013. Life goes on. Just Wait until the problems of price controls show up again in 2013... After that, nothing will save the share price! Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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VituVingiSana wrote:Warren Buffett: Only buy something that you'd be perfectly happy to hold if the market shut down for 10 years.
Graham, a British-born economist and former Columbia professor who died in 1976, is considered the creator of value investing. Warren Buffett said Graham's book, "The Intelligent Investor," "changed my life."
Graham focused on the importance of buying underpriced stocks. Buffett embraced that idea but took it a step further -- focusing on buying "wonderful companies at wonderful prices" and holding on to them rather than simply buying any company that appeared to be a bargain. Oil marketers in Kenya/Africa are constantly battling Price controls, ERC, KPC, vulnerable currency, hopeless margins etc etc What makes KK so wonderful?? didn't shell and chevron know what they were doing when they exited this business?? Mark 12:29
Deuteronomy 4:16
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Rank: Veteran Joined: 11/11/2006 Posts: 972 Location: Home
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Been hoping the the deal goes off. Time for me to get back. I did not like Puma. Let KK be Wanjikus.
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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When it slid to 12.60 last week the devil tempted me to buy but i overcome the temptation,even at 9bob iam scared by historical poor perfomance and pullouts by kenyan oil companies,and worse still during this price control error. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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mlennyma wrote: When it slid to 12.60 last week the devil tempted me to buy but i overcome the temptation,even at 9bob iam scared by historical poor perfomance and pullouts by kenyan oil companies,and worse still during this price control error. The timing of the cancellation of this deal is suspect. Call me paranoid but i will be checking the accounts to see if any of the major shareholders esp the ones that go by the names like "Barclays Bank Nominees a/c no xxxx" sold during the deal fiasco. I have an haunch that someone sold to raise money for campaigns, and the haunch just wont go away. Life is short. Live passionately.
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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The whole market could be on sell next week pray for peaceful elections.
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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Lining up my cash next week as I try and get some bargains. Kk top of my list, patience timing. Then pulling the trigger. Feels good to have a potential buying opportunity again after so long The investor's chief problem - and even his worst enemy - is likely to be himself
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KENOL KOBIL .... 2012
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