Wazua
»
Investor
»
Stocks
»
The KenolKobil 2015 pendulum
Rank: Elder Joined: 7/11/2010 Posts: 5,040
|
mlennyma wrote:just asking, does Kk use kpc to transport its oil products? if yes they need to be given 20yrs free transport to recover their debt..suggestion When I read that article. It's sounds like it's KPC who is owed??? Or its the journalist The investor's chief problem - and even his worst enemy - is likely to be himself
|
|
|
Rank: Elder Joined: 2/26/2012 Posts: 15,980
|
Aguytrying wrote:mlennyma wrote:just asking, does Kk use kpc to transport its oil products? if yes they need to be given 20yrs free transport to recover their debt..suggestion When I read that article. It's sounds like it's KPC who is owed??? Or its the journalist Aguy you made me click on that link BD wrote:The auditor-general says that a Sh4.1 billion debt that oil marketer KenolKobil has owed Kenya Pipeline Company for years should be provided for in the State corporation’s books as a doubtful claim.
“The balance of Sh10.6 billion as at 30th June includes an a mount of Sh4.1 billion due from an oil marketing company, dating back to year 2009 that is subject of a court dispute. It has not been possible to confirm whether or when the company will be able to recover the amounts due from the oil company,” Mr Ouko said on his audit opinion for KPC for the year ended June 30, 2016.
Am lost  "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
.
|
|
|
Rank: Veteran Joined: 8/16/2009 Posts: 994
|
Aguytrying wrote:mlennyma wrote:just asking, does Kk use kpc to transport its oil products? if yes they need to be given 20yrs free transport to recover their debt..suggestion When I read that article. It's sounds like it's KPC who is owed??? Or its the journalist Very true @Aguy. The Auditor General (or perhaps the reporter). Quote:
Auditor-general Edward Ouko: "It has not been possible to confirm whether or when the company will be able to recover the amounts due from the oil company".
Auditor-general Edward Ouko: "It has not been possible to confirm whether or when the company will be able to recover the amounts due from the oil company". Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
|
|
|
Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi
|
Aguytrying wrote:mlennyma wrote:just asking, does Kk use kpc to transport its oil products? if yes they need to be given 20yrs free transport to recover their debt..suggestion When I read that article. It's sounds like it's KPC who is owed??? Or its the journalist since we know the history of this thing, the writer of this article either doesn't know English or he is lost,it misleads kpc has some money to recover from kk "Don't let the fear of losing be greater than the excitement of winning."
|
|
|
Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
|
mlennyma wrote:Aguytrying wrote:mlennyma wrote:just asking, does Kk use kpc to transport its oil products? if yes they need to be given 20yrs free transport to recover their debt..suggestion When I read that article. It's sounds like it's KPC who is owed??? Or its the journalist since we know the history of this thing, the writer of this article either doesn't know English or he is lost,it misleads kpc has some money to recover from kk I think the writer doesn't know English precisely . John 5:17 But Jesus replied, “My Father is always working, and so am I.”
|
|
|
Rank: Elder Joined: 9/29/2006 Posts: 2,570
|
Spikes wrote:mlennyma wrote:Aguytrying wrote:mlennyma wrote:just asking, does Kk use kpc to transport its oil products? if yes they need to be given 20yrs free transport to recover their debt..suggestion When I read that article. It's sounds like it's KPC who is owed??? Or its the journalist since we know the history of this thing, the writer of this article either doesn't know English or he is lost,it misleads kpc has some money to recover from kk I think the writer doesn't know English precisely . Wapi linki ya hiyo stori? The opposite of courage is not cowardice, it's conformity.
|
|
|
Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi
|
jerry wrote:Spikes wrote:mlennyma wrote:Aguytrying wrote:mlennyma wrote:just asking, does Kk use kpc to transport its oil products? if yes they need to be given 20yrs free transport to recover their debt..suggestion When I read that article. It's sounds like it's KPC who is owed??? Or its the journalist since we know the history of this thing, the writer of this article either doesn't know English or he is lost,it misleads kpc has some money to recover from kk I think the writer doesn't know English precisely . Wapi linki ya hiyo stori? below haki yetu,the first post by @realtreaty "Don't let the fear of losing be greater than the excitement of winning."
|
|
|
Rank: Veteran Joined: 8/16/2009 Posts: 994
|
Spikes wrote:mlennyma wrote:Aguytrying wrote:mlennyma wrote:just asking, does Kk use kpc to transport its oil products? if yes they need to be given 20yrs free transport to recover their debt..suggestion When I read that article. It's sounds like it's KPC who is owed??? Or its the journalist since we know the history of this thing, the writer of this article either doesn't know English or he is lost,it misleads kpc has some money to recover from kk I think the writer doesn't know English precisely . It could also be the accountant who might have misread the judgement and took it to be in favour of KPC. He went ahead and booked revenue and a recoverable from KK. Now the auditor has discovered this and instead of admitting the error, he pretends that KPC has a doubtful claim that needs to be reclassified. Welcome to Kenya. Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
|
|
|
Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi
|
And to make the whole story bullshit,in the same report he is mis-reporting he refers us to read the topic below which it appears definitely he has not read himself...... READ: KenolKobil wins Sh4.6bn award in case against KPC "Don't let the fear of losing be greater than the excitement of winning."
|
|
|
Rank: Elder Joined: 2/26/2012 Posts: 15,980
|
Gatheuzi wrote:Spikes wrote:mlennyma wrote:Aguytrying wrote:mlennyma wrote:just asking, does Kk use kpc to transport its oil products? if yes they need to be given 20yrs free transport to recover their debt..suggestion When I read that article. It's sounds like it's KPC who is owed??? Or its the journalist since we know the history of this thing, the writer of this article either doesn't know English or he is lost,it misleads kpc has some money to recover from kk I think the writer doesn't know English precisely . It could also be the accountant who might have misread the judgement and took it to be in favour of KPC. He went ahead and booked revenue and a recoverable from KK. Now the auditor has discovered this and instead of admitting the error, he pretends that KPC has a doubtful claim that needs to be reclassified. Welcome to Kenya.  So many inconsistencies in this article. Quote:It has not been possible to confirm whether or when the company will be able to recover the amounts due from the oil company,” Mr Ouko said on his audit opinion for KPC for the year ended June 30, 2016. "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
.
|
|
|
Wazua
»
Investor
»
Stocks
»
The KenolKobil 2015 pendulum
Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.
|