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Kenol Kobil deal off!
Rank: Chief Joined: 5/31/2011 Posts: 5,121
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mwekez@ji wrote: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? Kausha wrote:@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??? I know the Mombasa properties. Put your bid low and you wont get them. Not speculating here!!! ... On KK, being in since inception doesn’t mean that one foregoes their profit and sell dirt cheap. Or just because you entered at inception you will give away the shares for peanuts¿ Get real!!
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Meanwhile, supply at 8bob is building and demand is thin. Supply overhang will set in
BIDS 181,400
Quantity Price Splits Time
300 7.95 1 11:18:39
5,000 7.90 1 11:18:39
43,000 7.80 3 11:18:39
600 7.60 2 11:18:39
132,500 7.50 7 11:18:39
ASKS 507,100
Quantity Price Splits Time
111,300 8.00 2 11:18:39
12,600 8.20 1 11:18:39
58,900 8.50 3 11:18:39
100 8.60 1 11:18:39
24,200 8.65 2 11:18:39
TRADES
Quantity Price Time
5,000 8.00 11:18:38
300 8.00 10:55:25
1,200 8.00 10:54:41
2,300 8.00 10:53:01
24,400 8.00 10:52:38
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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KenolKobil to Raise 1.7 Billion Shillings in Private Placement to meet working capital needs >>> http://www.businessweek.com/new...ngs-in-private-placement
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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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someone is trying to bring KK down! The media obsession with this stock is now suspiscious(sp)! Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Elder Joined: 6/20/2012 Posts: 3,855 Location: Othumo
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dunkang wrote:someone is trying to bring KK down! The media obsession with this stock is now suspiscious(sp)!  Every day they are planting a NEGATIVE story on KK Thieves
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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mwekez@ji wrote: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¿ Markets are manipulated. Think like a hedgefund. Flood supply then double down after the price crash. If you can forced discounts you take the chance...$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Member Joined: 6/21/2010 Posts: 514 Location: Nairobi
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The seeds for the current problems had been planted way before. 'They say money cannot buy me happiness but when i compare when i had none and now, i'm happier' Kevin O'leary
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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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King G wrote:dunkang wrote:someone is trying to bring KK down! The media obsession with this stock is now suspiscious(sp)! Every day they are planting a NEGATIVE story on KK Everyday there is a NEW, BADLY RESEARCHED story. This people want to finish @VVS Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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If the news is true,why are you allergic to true news?its only bad if the news were a fabrication,and kk has never come out to complain anyway...but wazua has kk's spokesmen. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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They dont even have working capital. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Member Joined: 6/21/2010 Posts: 514 Location: Nairobi
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erifloss wrote:
#1799 Posted : Saturday, May 28, 2011 4:52:27 PM
Rank: Member
Joined: 6/21/2010
Posts: 498
Location: Nairobi
@vvs, all i'm trying to show is that all the hype around KK as this future gem as it stands right now is wrong.
1. Instead of being noisemakers, they should at least concentrate on lobbying for new legislature BAT or EABL style so as to get what they want.
2. Instead of being a one man show and thus being deprived of new ground breaking ideas, they should separate the responsibilities of the BOD from that of the Management by first having a non executive chairman & maybe reconstitute its management.
3. Instead of only divesting by opening retail business in different countries, they should also look into other lines of the oil business.
4. Globally, the business of oil is highly politicised as we globally are an oil driven economy & thus as an OMC you should always know the best way of dealing with the current politik.
5. Being only 2 listed OMCs, an illusion of comfort is always created by KK coz of its liquidity within the NSE & thus its price fluctuations when as per the last market survey the largest retailer in Kenya(largest oil market in EA) was Total though this doesn't mean that Total is better.
6. I know i'll be reminded of their profitability & growth but my query is do you see them sustaining this growth?
The reality is if KK never changes its way of doing biz, i see it as the biggest loser on UG's oil and thus not as a long term prospect.
'They say money cannot buy me happiness but when i compare when i had none and now, i'm happier' Kevin O'leary
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Rank: Veteran Joined: 3/26/2012 Posts: 985 Location: Dar es salaam,Tanzania
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If the price was manipulated we would be seeing a sizable sell side at a price above 8.60 but we are seeing a sizable sell side at price of 8.00.Meaning a desperate exit Note very diminished Demand.The only sizable demand is at 7.50 and a weak demand at 7.80 Let us see how the demand at 7.80 will behave as the week ends
“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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mlennyma wrote:If the news is true,why are you allergic to true news?its only bad if the news were a fabrication,and kk has never come out to complain anyway...but wazua has kk's spokesmen. Hear, hear. GOD BLESS YOUR LIFE
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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mlennyma wrote:If the news is true,why are you allergic to true news?its only bad if the news were a fabrication,and kk has never come out to complain anyway...but wazua has kk's spokesmen.
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Rank: Elder Joined: 3/19/2013 Posts: 2,552
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Metasploit wrote:If the price was manipulated we would be seeing a sizable sell side at a price above 8.60 but we are seeing a sizable sell side at price of 8.00.Meaning a desperate exit
Note very diminished Demand.The only sizable demand is at 7.50 but weak
Let us see how the demand at 7.50 will behave as the week ends The manipulation was at 8.8/8.9.They needed to break 9 and fast.After that the sellers did the work for them.
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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mlennyma wrote:They dont even have working capital.
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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symbols wrote:Metasploit wrote:If the price was manipulated we would be seeing a sizable sell side at a price above 8.60 but we are seeing a sizable sell side at price of 8.00.Meaning a desperate exit
Note very diminished Demand.The only sizable demand is at 7.50 but weak
Let us see how the demand at 7.50 will behave as the week ends The manipulation was at 8.8/8.9.They needed to break 9 and fast.After that the sellers did the work for them. Seller with over 10M shares selling at 8 is certainly an informed persons (read its a top 10 shareholder with access to loads of info)
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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I assume the top 10 shareholders run the company,if their faith is gone..... "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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hisah wrote:mwekez@ji wrote: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¿ Markets are manipulated. Think like a hedgefund. Flood supply then double down after the price crash. If you can forced discounts you take the chance... Thinking. Meaning, if the high voulume at 8 is their doubling down, we have a bottom. If not, then the crash is still on and we will see crazy volumes going forward. with this mindset, pick some now or not
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Rank: Elder Joined: 9/23/2010 Posts: 2,221 Location: Sundowner,Amboseli
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With 7.95 printing at KK and KQ doing 9.70, it seems like a race to zero  @SufficientlyP
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Kenol Kobil deal off!
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