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Kenol Kobil deal off!
Rank: Elder Joined: 8/16/2011 Posts: 2,297
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 What would Biwwot share holding at KK do after he sells and leave? Would it not be just shares changing hands or Biwwot had any influence. Would Biwott invest his money in Nationl oil?
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Rank: Chief Joined: 1/3/2007 Posts: 18,124 Location: Nairobi
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Kausha wrote:Immmaculate is twat of a journalist and embarassment to her teachers. KK did 4.7m cubic meters of oil in 2012. Lets assume 2m cubic meters was OTS going through KOSIF ullage. Then how would a company that does 2.7m cubic meters in other words 2.7m tonnes of fuel in 10 african countries have 5,000 cubic meters of storage space in Kenya. Is she suggesting the rest of the oil is traded via text or email ama?
The thing is KK has been the only brave oil marketer fighting the REAL cartels at the ministry of energy and KPRL who want to profit for no investment. The one company that is going to shut for sure is KPRL. It owes marketers 7B and karambu ackowledges that much so how is it that she didn't find that a story worth verifying of providing more details?
That article was poorly researched. And I am being polite. 5,000 m3 of diesel storage [in its largest market] is peanuts for KK which has 93,500 m3 of storage in the region! KK & KPRL will eventually meet in the middle but for now KK stations are doing OK despite a few hitches. I am sure many briefcase dealers would be happy to get 1/- a liter from KK to access fuel from the OTS or even KPRL... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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The shakeout continues... Need more blood in the streets to kick out all weak hands... $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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murchr wrote:Will it print a 8/-? @hisah warned guys not to hold on this when it printed 15/- Segmans silence was tooooo loud. One heck of a rollercoaster shakeout it has been. Must ulcers central wanjikus to fever pitch capitulation, then the sharks home in...
Oil stocks are 'hard' to trade for a reason...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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hisah wrote:murchr wrote:Will it print a 8/-? @hisah warned guys not to hold on this when it printed 15/- Segmans silence was tooooo loud. One heck of a rollercoaster shakeout it has been. Must ulcers central wanjikus to fever pitch capitulation, then the sharks home in...
Oil stocks are 'hard' to trade for a reason...
would u be interested in this as a trader. though fundies not solid. high risk, high return(order loss) notice how bad the articles are getting since share plumet and segman exit. even worse than during the huge loss of fy2012!! seen the standard talking about 'total man'. you'd think it was the real total man. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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hisah wrote:murchr wrote:Will it print a 8/-? @hisah warned guys not to hold on this when it printed 15/- Segmans silence was tooooo loud. One heck of a rollercoaster shakeout it has been. Must ulcers central wanjikus to fever pitch capitulation, then the sharks home in...
Oil stocks are 'hard' to trade for a reason...
Woo....I expect to see a 7.xy tomorrow. "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: 8/4/2010 Posts: 8,977
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Aguytrying wrote:hisah wrote:murchr wrote:Will it print a 8/-? @hisah warned guys not to hold on this when it printed 15/- Segmans silence was tooooo loud. One heck of a rollercoaster shakeout it has been. Must ulcers central wanjikus to fever pitch capitulation, then the sharks home in...
Oil stocks are 'hard' to trade for a reason...
would u be interested in this as a trader. though fundies not solid. high risk, high return(order loss) notice how bad the articles are getting since share plumet and segman exit. even worse than during the huge loss of fy2012!! seen the standard talking about 'total man'. you'd think it was the real total man. Definitely interested in this and KQ as the negative sentiments get extreme day after day. But that GoK spin on KQ has put me off. Unless they guarantee to help it wipe off some debt to make it an easy trade.
As for KK the price haircut seems deliberate. Someone wants in, but at the cheapest discount they can get. Buying those assets dirty cheap is a sharks dream.$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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The operating environment in Kenya has become hostile...KK needs to sell its Kenyan operations and focus on going South and other east & central Africa countries....GoK only wants one OMC standing...thats NOCK....if NOCK buys Kenol Kenya....NOCK's market share will jump sigf enough to influence pump prices through discounts...
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Rank: Chief Joined: 1/3/2007 Posts: 18,124 Location: Nairobi
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hisah wrote:Aguytrying wrote:hisah wrote:murchr wrote:Will it print a 8/-? @hisah warned guys not to hold on this when it printed 15/- Segmans silence was tooooo loud. One heck of a rollercoaster shakeout it has been. Must ulcers central wanjikus to fever pitch capitulation, then the sharks home in...
Oil stocks are 'hard' to trade for a reason...
would u be interested in this as a trader. though fundies not solid. high risk, high return(order loss) notice how bad the articles are getting since share plumet and segman exit. even worse than during the huge loss of fy2012!! seen the standard talking about 'total man'. you'd think it was the real total man. Definitely interested in this and KQ as the negative sentiments get extreme day after day. But that GoK spin on KQ has put me off. Unless they guarantee to help it wipe off some debt to make it an easy trade.
As for KK the price haircut seems deliberate. Someone wants in, but at the cheapest discount they can get. Buying those assets dirty cheap is a sharks dream. My entry point into KQ was 7-ish. I am going to revise that downwards if GoK gets more say in the running of KQ. I have been badly burnt in KPLC. A lesson I learnt the hard way. 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: 18,124 Location: Nairobi
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the deal wrote:The operating environment in Kenya has become hostile...KK needs to sell its Kenyan operations and focus on going South and other east & central Africa countries....GoK only wants one OMC standing...thats NOCK....if NOCK buys Kenol Kenya....NOCK's market share will jump sigf enough to influence pump prices through discounts... is Kenya going socialist? KQ & if NOCK buys KK... not to mention other GoK investments performing sub-par. We have not seen the audited accounts of NOCK. Where does it get financing? At what cost? Does it get subsidies? Don't forget NOCK gets a guaranteed 30% OTS 'contract' at any price it chooses to buy/sell fuel at. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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KenolKobil fights Hashi takeover of city petrol station >>> http://www.businessdailyafrica....18/-/q4jxvi/-/index.html
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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murchr wrote:Woo....I expect to see a 7.xy tomorrow. ... have seen a 7 point print
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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hisah wrote:[ KK / the price haircut seems deliberate. Someone wants in, but at the cheapest discount they can get. Buying those assets dirty cheap is a sharks dream. ... the big investor(s) so desperately want out and willing buyers are matching at low price (willing seller willing buyer market). How is that deliberate price haircut¿ Or are you indirectly pointing that the counter is being manipulated¿
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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More trouble "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Member Joined: 2/8/2007 Posts: 808
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For those who were at the kenol CP forum yesterday, you got an assurance from the Group CEO - Ohana that they will be profitable this year certainly.
On the article, it appears it's the work of the enemies. The OTS matters is before the ERC and will be resolved very shortly.
Although my selfish reason would be for the OTS matter not to be resolved. It just allows Kenol to import their fuel efficiently and bypass the KPC ullage and KPRL, saving the extra chums spent at KPRL for no value add.
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Rank: Member Joined: 2/8/2007 Posts: 808
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I think information assymetry in this market is a shocker really. It's only one bigger seller selling and has nothing to do with wanting out because of performance. I will save all of you this headache. Certain hotels are being sold in Nairobi, Mombasa right...and certain buyers have put up their hands!
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Kausha wrote:I think information assymetry in this market is a shocker really. It's only one bigger seller selling and has nothing to do with wanting out because of performance. I will save all of you this headache. Certain hotels are being sold in Nairobi, Mombasa right...and certain buyers have put up their hands! Are those hotel owners desperate selling at dirt low prices?
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Rank: Member Joined: 4/14/2010 Posts: 806 Location: Nairobi
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Kausha wrote:For those who were at the kenol CP forum yesterday, you got an assurance from the Group CEO - Ohana that they will be profitable this year certainly.
On the article, it appears it's the work of the enemies. The OTS matters is before the ERC and will be resolved very shortly.
Although my selfish reason would be for the OTS matter not to be resolved. It just allows Kenol to import their fuel efficiently and bypass the KPC ullage and KPRL, saving the extra chums spent at KPRL for no value add.
Be as that might be...even if KK bypasses KPC & KPRL, the volumes so bypassed cannot be significant to increase their profitability since they dont have independent tanks large enough at the ship offloading point. They will still need KPC to store and pump the fuel. Trucking the fuel inland is not very economical expecially in this era of regulated pump prices.
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Rank: Member Joined: 2/8/2007 Posts: 808
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@mwekezaji you can do something about it or you can pretend to randomly guess what the hotel owners are thinking about selling at low prices. What if the owners were in the company at inception???
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Kausha wrote:For those who were at the kenol CP forum yesterday, you got an assurance from the Group CEO - Ohana that they will be profitable this year certainly.
On the article, it appears it's the work of the enemies. The OTS matters is before the ERC and will be resolved very shortly.
Although my selfish reason would be for the OTS matter not to be resolved. It just allows Kenol to import their fuel efficiently and bypass the KPC ullage and KPRL, saving the extra chums spent at KPRL for no value add.
Indeed it is your selfish call for the OTS matter not be resolved. We know KK cannot import fuel directly because of storage and working capital constraints. They are desperating hawking the KES 1.7B commercial paper and selling "idle assets" to finance working capital. The optimism painted by Ohana at CP forum yesterday is to lure you to give him the KES 1.7B
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