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KenolKobil 2018 and beyond
Rank: New-farer Joined: 10/25/2011 Posts: 67
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xxxxx wrote:kaimbaga2012 wrote:mlennyma wrote:Ericsson wrote:https://www.businessdailyafrica.com/news/Kobil-sets-record-with-Sh707m-CEO-exit-pay/539546-4542152-vw4srkz/index.html
"Oil marketer KenolKobil paid its former chief executive, Jacob Segman, Sh707.1 million to settle a long-running dispute over his stock-based compensation, making it corporate Kenya’s largest single payout to an executive
The sum is nine times the Sh77.1 million the oil marketer had earlier provided for in its books for Mr Segman’s compensation, but which was not disclosed as such."
Obiero waaah After running the company to bankruptcy. ..Hujuma but the share is bullish and wants to be at 20's Hujuma kabisaa. This will end up diluting the shares of the existing shareholders. Is it even legal? He should buy the shares directly from the NSE. I thought he was paid cash??? Read the article well @xxxx. The CEO has been offered 20 million shares by Kenol Kobil between 2020 and 2023
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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Listed KE firms do pay well! Heck, very well. Ohana (KK) - 151mn + Options Oigara (KCB) - 240mn Githogo (CIC) - 74mn And many others! It's good to know how much they are paid so as shareholders we can compare against other firms BUT I see their will be a lot of demand for higher salaries eg at banks after CEOs see what Oigara makes. I do not think employees will be thrilled at what CEOs make. As a shareholder, unless the CEO is pushing and generates real (alpha) value then it is worrying as well. How much can KK make without Ohana? [Can another manager who makes 40% still generate the same profits?] How much can KCB make without Oigara? [Can another manager who makes 40% still generate the same profits?] JM (Equity) made 30% vs Oigara but the "alpha" generated by Oigara may not be significant. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 9/14/2011 Posts: 834 Location: nairobi
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VituVingiSana wrote:Listed KE firms do pay well! Heck, very well.
Ohana (KK) - 151mn + Options
Oigara (KCB) - 240mn
Githogo (CIC) - 74mn
And many others!
It's good to know how much they are paid so as shareholders we can compare against other firms BUT I see their will be a lot of demand for higher salaries eg at banks after CEOs see what Oigara makes.
I do not think employees will be thrilled at what CEOs make. As a shareholder, unless the CEO is pushing and generates real (alpha) value then it is worrying as well.
How much can KK make without Ohana? [Can another manager who makes 40% still generate the same profits?]
How much can KCB make without Oigara? [Can another manager who makes 40% still generate the same profits?] JM (Equity) made 30% vs Oigara but the "alpha" generated by Oigara may not be significant. I also wish there was a way the sustainability of the firms in the long term can be considered in deciding on these hefty pay. You pay a CEO such kind of money and there are alot of hidden skeletons that are revealed much later .
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Rank: Member Joined: 9/14/2011 Posts: 834 Location: nairobi
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when do the books close for the dividends?
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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heri wrote:VituVingiSana wrote:Listed KE firms do pay well! Heck, very well.
Ohana (KK) - 151mn + Options
Oigara (KCB) - 240mn
Githogo (CIC) - 74mn
And many others!
It's good to know how much they are paid so as shareholders we can compare against other firms BUT I see their will be a lot of demand for higher salaries eg at banks after CEOs see what Oigara makes.
I do not think employees will be thrilled at what CEOs make. As a shareholder, unless the CEO is pushing and generates real (alpha) value then it is worrying as well.
How much can KK make without Ohana? [Can another manager who makes 40% still generate the same profits?]
How much can KCB make without Oigara? [Can another manager who makes 40% still generate the same profits?] JM (Equity) made 30% vs Oigara but the "alpha" generated by Oigara may not be significant. I also wish there was a way the sustainability of the firms in the long term can be considered in deciding on these hefty pay. You pay a CEO such kind of money and there are alot of hidden skeletons that are revealed much later . Segman comes to mind with the oil and currency hedges, etc. Naikuni/Mbugua with their fuel hedges, etc. Kidero. And many more such cases. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 13,517 Location: nairobi
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Boom! @vvs takes good care of his boss 
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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obiero wrote:Boom! @vvs takes good care of his boss And people say Africa is just poverty and disease!! Anyhow slay queens are waiting to help him spend the money in his retirement. Life is short. Live passionately.
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Rank: Elder Joined: 6/23/2009 Posts: 13,517 Location: nairobi
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Ericsson wrote:https://www.businessdailyafrica.com/news/Kobil-sets-record-with-Sh707m-CEO-exit-pay/539546-4542152-vw4srkz/index.html
"Oil marketer KenolKobil paid its former chief executive, Jacob Segman, Sh707.1 million to settle a long-running dispute over his stock-based compensation, making it corporate Kenya’s largest single payout to an executive
The sum is nine times the Sh77.1 million the oil marketer had earlier provided for in its books for Mr Segman’s compensation, but which was not disclosed as such."
Obiero waaah Waaaa.. Pesa mingi hio
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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obiero wrote:Ericsson wrote:https://www.businessdailyafrica.com/news/Kobil-sets-record-with-Sh707m-CEO-exit-pay/539546-4542152-vw4srkz/index.html
"Oil marketer KenolKobil paid its former chief executive, Jacob Segman, Sh707.1 million to settle a long-running dispute over his stock-based compensation, making it corporate Kenya’s largest single payout to an executive
The sum is nine times the Sh77.1 million the oil marketer had earlier provided for in its books for Mr Segman’s compensation, but which was not disclosed as such."
Obiero waaah Waaaa.. Pesa mingi hio Corporate greed and thuggery Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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Rank: Member Joined: 9/14/2011 Posts: 834 Location: nairobi
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Just when i decided to add more the price shoots up .what is the latest news
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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heri wrote:Just when i decided to add more the price shoots up .what is the latest news where is @vitu vingi to clap his hands at 19 with one dude grabbing over 1.4m units at this price to show there is no joke "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 6/23/2009 Posts: 13,517 Location: nairobi
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mlennyma wrote:heri wrote:Just when i decided to add more the price shoots up .what is the latest news where is @vitu vingi to clap his hands at 19 @vvs needs to inform us on the latest happenings at KK, noting that Vivo has started to capture the local market recently, notably the downstream segment https://www.exchange.co....top-oil-dealer-in-kenya/
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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obiero wrote:mlennyma wrote:heri wrote:Just when i decided to add more the price shoots up .what is the latest news where is @vitu vingi to clap his hands at 19 @vvs needs to inform us on the latest happenings at KK, noting that Vivo has started to capture the local market recently, notably the downstream segment https://www.exchange.co....op-oil-dealer-in-kenya/ I am with @mieenyma i.e. I want to buy more shares. I am not a seller that 19. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 9/14/2011 Posts: 834 Location: nairobi
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But the Tano Tena GOK will finish us . VAT on petroleum products will hit everyone hard . Once elections are over i guess they say we can go to hell . Time for new taxes
This will hurt KK volumes
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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VituVingiSana wrote:obiero wrote:mlennyma wrote:heri wrote:Just when i decided to add more the price shoots up .what is the latest news where is @vitu vingi to clap his hands at 19 @vvs needs to inform us on the latest happenings at KK, noting that Vivo has started to capture the local market recently, notably the downstream segment https://www.exchange.co....op-oil-dealer-in-kenya/ I am with @mieenyma i.e. I want to buy more shares. I am not a seller that 19. How did Kk manage to emerge so strong in such a competition when it was almost collapsing? total and vivo failed,they should be far ahead of kk,with total trading at about 35bob a piece it's sensible for Kk to cross 20bob "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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heri wrote:But the Tano Tena GOK will finish us . VAT on petroleum products will hit everyone hard . Once elections are over i guess they say we can go to hell . Time for new taxes
This will hurt KK volumes Yes, if VAT is added to the already high prices, not only KK (Vivo, Total) but most other firms except tenderpreneurs will be affected. Transport eg cement firms, airlines, tourism, etc [ARM, Bamburi, KQ, TPSEA] Sales of vehicles: Centum via GM Construction: HAFR, C&G Beer: Higher transport/fuel costs including running generators Agriculture: Kakuzi, WTK, etc all use tractors, trucks, etc Banks will also be affected since they finance many sectors of the economy. Inflation will jump leading to demands for higher salaries. Firms expenses will rise. If GoK used these "extra" funds properly then I would be more optimistic but they are likely to misuse the funds and pay the increasing interest costs on both local and foreign debt. 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: 18,103 Location: Nairobi
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Some good news for KK which has a decent share of LPG in Kenya https://www.nation.co.ke...47366-90p8vgz/index.htmlGreedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 9/14/2011 Posts: 834 Location: nairobi
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@vvs, when will KK close the share register for dividends
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Rank: Elder Joined: 8/16/2011 Posts: 2,297
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As they said the issue of capping will be in the budget and it will be streamlined to removed but with some attachments.
Now I can see Wanjiku and the Gurus are buying some of the stocks that went down due to capping. Such include Britam, COOP Bank, NIC bank, the two magic banking stock KCB and Equity, HFCK, etc
Its time to buy before the NASA fires the engine
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