@Spikes. Didn't you ride access from 22 to 4 then sold and missed out on take over? When you were QW?

If at 14 its overvalued and you reco sell why then would you be a buyer at 8? Wouldn't 8 be your fair value? Anyway, nothing has changed, management is great and I don't need the money now so there is no reason for me to sell.

Actually this year I expect a harsh liquidity vacuum coz of gov loan repayments so I reduced my stake at NSE .This is the only stock I'm left holding.

lets watch as the maturity nears

,National Oil Corporation of Kenya (NOCK) is set to announce plans to cut its cooking gas
package prices by over 60% (through a Government subsidy plan) to drive use of cleaner energy
in poor households and using innovative access methods such as community kitchens. The state
corporation aims to introduce 6.5m new cooking gas cylinders into Kenyan households over the
next three years at a cost of KES 5.6bn annually (June 2017- 1.3m additional, June 2018- {+2.2m,
June 2019 - +3.0m). A paltry 9% of Kenyan households use LPG, at an annual consumption of
70MT p.a. NOCK estimates latent/unrealized demand at 200MT p.a. Low cooking gas uptake in
Kenya is attributable to a mix of factors, among them inadequate infrastructure, high cost of
cooking and lighting equipment and a weak distribution network.
NOCK will reduce prices for 3kg and 6kg cooking gas packages by 64% and 61% respectively. The
project starts in July 2016 and will be financed through internally generated revenues, debt and
capital injection from partners. Distribution of the cylinders will be done mostly through women
and youth groups, an exercise expected to create employment opportunities for 1,500 to 2,000
women and youth groups. Kenya ranks among the lowest usage in Africa with a per capita
consumption of 2kg, below the continent’s average of 3kg. Ghana per capita consumption is at
5kg, South Africa 6kg, Senegal 10kg and Ivory Coast 9kg. 97% of Kenyan households use
traditional sources of cooking energy such as wood and charcoal. Kenya’s primary energy
consumption mix is at 68% for biomass, 22% for petroleum and 9% for electricity. NOCK is a
fully integrated State Corporation involved in all aspects of the petroleum supply chain covering
the upstream oil and gas exploration, midstream petroleum infrastructure development and
downstream marketing of petroleum products. ,

@mlennyma. Do not worry, with the rampant corruption this can't last long, it will eventually die. Only in the short to medium term may it affect. But I can't see it working. This is probably those election money making schemes that die a natural death.

Was thinking that too. If gova can't survive in industries where they are a monopoly like sugar, how will subsidies help them. The nock gas and may even be sold to omc to resell. It depends on how serious nock is about this but I don't have my hopes up.

And this subsidies business is always an avenue for corruption.

The fellow who ate the maize money and the unga money now probably wants to eat gas money.

Why don't they just eliminate all the taxes related to LPG and it will be cheap across the board???

exactly si they chucked the Indian lady a few months ago.

@maichblack has nailed it, why not make it cheap across the board?

the beauty is that after the rally kk will be looking cheap to the eyes of many sub 10 unlike before.