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Breaking news: Segman retires from KK!
Rank: Veteran Joined: 10/11/2009 Posts: 1,223
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Habari ndiyo hiyo! My hero has exited the set. http://www.kenolkobil.com/images/groupceo.pdfHistory 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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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Elder Joined: 8/16/2011 Posts: 2,297
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  God bless KK and keep Segman shareholding intact. I think if he decided to step out is to protest business interferance by Govt, such as restrictions, price fixing, taxation etc. He may move out then start his own company or even join Puma where he can start few affiliated puma stations and storage facilities and start buying shares in KK. Or could the owners have pressed him so much to produce oil and not water?
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Rank: Elder Joined: 9/12/2006 Posts: 1,554
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Announcement of new Group CEO
W
Wednesday, 03 July 2013 14:50
The Chairman and Board of Directors of KenolKobil Limited announce the retirement of Mr Jacob Israel Segman as Group Chief Executive Officer from the KenolKobil Group. Mr. David Ohana will take over the role of Group Chief Executive Officer effective immediately.
Please click here for more details.
Last Updated on Wednesday, 03 July 2013 15:05
.............Who is the chairman?...............
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Rank: Veteran Joined: 10/11/2009 Posts: 1,223
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Jamani wrote:
Announcement of new Group CEO
W
Wednesday, 03 July 2013 14:50
The Chairman and Board of Directors of KenolKobil Limited announce the retirement of Mr Jacob Israel Segman as Group Chief Executive Officer from the KenolKobil Group. Mr. David Ohana will take over the role of Group Chief Executive Officer effective immediately.
Please click here for more details.
Last Updated on Wednesday, 03 July 2013 15:05
Who is the chairman?
The Chairman is James Mathenge 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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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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What happens to his option shares... The turns of events... H1 2013... #depressedprice $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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Its reported to be a retirement. What type of retirement? Forced, voluntary, pre-planned!? Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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finally he has realised you cannot take on african gava head on. he tried his best & wish him well. he had b*lls of steel but got deflated.... In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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Angelica _ann wrote:finally he has realised you cannot take on african gava head on. he tried his best & wish him well. he had b*lls of steel but got deflated.... If it was a sudden exit, things are elephant in that house. Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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dunkang wrote:Angelica _ann wrote:finally he has realised you cannot take on african gava head on. he tried his best & wish him well. he had b*lls of steel but got deflated.... If it was a sudden exit, things are elephant in that house. I think he was asked to resign or retire amicably. We should have raised our eyebrows when he was replaced as chairman mmmhhh.... "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: Chief Joined: 5/31/2011 Posts: 5,121
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Good thing this Segman is gone. He could have killed KK with the hedges. ... Now, what stuff is this David.Ohana made of?
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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hisah wrote:What happens to his option shares... The turns of events... H1 2013...
#depressedprice 2011 they dint exercise the options. 2012 they exercised some option at a price of KES 3.42. 2013 and onwards is not clear on matter segman options ... H1 2013 doesnt look good with this kind of news coming in and considering the share has broken down the KES 9 support ... baying for lots of blood at the counter tomorrow #Note the options exercise price - KES 3.42
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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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mwekez@ji wrote:Good thing this Segman is gone. He could have killed KK with the hedges. ... Now, what stuff is this David.Ohana made of? Atleast they can concentrate on their core business, buying and selling mafuta, not pata potea casino. Am happy too, though not an investor. Receive with simplicity everything that happens to you.” ― Rashi
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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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So the recent high volume at KES 10 was an exit.  ... and notice the KES 3.10 in April 2009! Baying for extreme blood!!
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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dunkang wrote:mwekez@ji wrote:Good thing this Segman is gone. He could have killed KK with the hedges. ... Now, what stuff is this David.Ohana made of? Atleast they can concentrate on their core business, buying and selling mafuta, not pata potea casino. Am happy too, though not an investor. Yeah. I want to believe David Ohana is not the kind that will engage pata potea casino stuff
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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murchr wrote:dunkang wrote: If it was a sudden exit, things are elephant in that house. I think he was asked to resign or retire amicably. We should have raised our eyebrows when he was replaced as chairman mmmhhh.... Guru267 June 01, 2013 wrote:@VVS we all know Segman held onto those positions (CEO & Chairman) with no intention of letting go even after multiple requests from the CMA and some shareholders..
There is definitely a reason that the board suddenly stopped supporting his unilateral decision making! Failed corporate strategy...
Some top class managers still have the support from shareholders and the board to hold the dual role! Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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mwekez@ji wrote:So the recent high volume at KES 10 was an exit. ... and notice the KES 3.10 in April 2009! Baying for extreme blood!! You will break hearts with that talk of 3/- eish!! "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: 9/23/2010 Posts: 2,221 Location: Sundowner,Amboseli
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He touches the sell button with a conservative(highest) buy price of 3.42 and your guess is as good as mine. @SufficientlyP
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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@VVS must be really traumatised Mark 12:29
Deuteronomy 4:16
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Breaking news: Segman retires from KK!
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