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KenolKobil 2018 and beyond
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kaimbaga2012
#81 Posted : Thursday, May 03, 2018 2:16:44 PM
Rank: New-farer


Joined: 10/25/2011
Posts: 67
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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VituVingiSana
#82 Posted : Thursday, May 03, 2018 2:23:07 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,259
Location: Nairobi
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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heri
#83 Posted : Thursday, May 03, 2018 3:09:00 PM
Rank: Member


Joined: 9/14/2011
Posts: 864
Location: nairobi
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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heri
#84 Posted : Thursday, May 03, 2018 4:55:27 PM
Rank: Member


Joined: 9/14/2011
Posts: 864
Location: nairobi
when do the books close for the dividends?
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VituVingiSana
#85 Posted : Thursday, May 03, 2018 7:10:35 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,259
Location: Nairobi
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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obiero
#86 Posted : Thursday, May 03, 2018 8:56:19 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,906
Location: nairobi
Boom! @vvs takes good care of his boss

COOP ABP 15.85; IMH ABP 35.55; KQ ABP 5.75; MTN ABP 5.20
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sparkly
#87 Posted : Thursday, May 03, 2018 9:06:03 PM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
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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obiero
#88 Posted : Thursday, May 03, 2018 9:25:35 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,906
Location: nairobi
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

COOP ABP 15.85; IMH ABP 35.55; KQ ABP 5.75; MTN ABP 5.20
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Ericsson
#89 Posted : Thursday, May 03, 2018 10:32:53 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,790
Location: NAIROBI
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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VituVingiSana
#90 Posted : Thursday, May 03, 2018 11:21:57 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,259
Location: Nairobi
obiero wrote:
Boom! @vvs takes good care of his boss

d'oh! d'oh! d'oh! Segman almost killed KK in the name of greed. It's a pity he is getting this payoff. Perhaps he had something on KK's murky past when Total Man was alive?
Liar Liar Liar

Ohana 151mn
Mathenge [non-exec chairman] 24mn d'oh!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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heri
#91 Posted : Friday, May 04, 2018 2:08:44 PM
Rank: Member


Joined: 9/14/2011
Posts: 864
Location: nairobi
Just when i decided to add more the price shoots up .what is the latest news
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mlennyma
#92 Posted : Friday, May 04, 2018 2:10:31 PM
Rank: Elder


Joined: 7/21/2010
Posts: 6,192
Location: nairobi
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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obiero
#93 Posted : Friday, May 04, 2018 2:22:00 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,906
Location: nairobi
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/

COOP ABP 15.85; IMH ABP 35.55; KQ ABP 5.75; MTN ABP 5.20
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VituVingiSana
#94 Posted : Friday, May 04, 2018 2:42:47 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,259
Location: Nairobi
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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heri
#95 Posted : Friday, May 04, 2018 3:20:24 PM
Rank: Member


Joined: 9/14/2011
Posts: 864
Location: nairobi
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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mlennyma
#96 Posted : Friday, May 04, 2018 3:26:01 PM
Rank: Elder


Joined: 7/21/2010
Posts: 6,192
Location: nairobi
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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VituVingiSana
#97 Posted : Friday, May 04, 2018 7:45:43 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,259
Location: Nairobi
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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VituVingiSana
#98 Posted : Tuesday, May 08, 2018 4:46:28 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,259
Location: Nairobi
Some good news for KK which has a decent share of LPG in Kenya
https://www.nation.co.ke...47366-90p8vgz/index.html
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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heri
#99 Posted : Tuesday, May 08, 2018 8:07:08 PM
Rank: Member


Joined: 9/14/2011
Posts: 864
Location: nairobi
@vvs, when will KK close the share register for dividends
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Realtreaty
#100 Posted : Wednesday, May 09, 2018 12:53:06 AM
Rank: Elder


Joined: 8/16/2011
Posts: 2,359
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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