Wazua
»
Investor
»
Stocks
»
KenolKobil 2018 and beyond
Rank: Elder Joined: 6/23/2009 Posts: 14,222 Location: nairobi
|
VituVingiSana wrote:Apparently, Ohana can only exercise 37.25mn of the ESOP shares.
Rubis will have to find a way to pay him off for the balance. I guess it could be a payment after the closing that's the equivalent of the 50.25mn shares less his costs.
The CMA should also offer a voluntary, simplified approach... Sellers like me should be able to sell, if we want, to Rubis at the offer price through the market AFTER the takeover announcement.
A cautionary statement should be provided that the sellers may miss out on another (better) offer or information that might influence us to hold on BUT ultimately it should be our decision.
I have 2 of my "core portfolio" in play i.e. KK [which I want to sell at 23] and Unga [which I do not want to sell at 40].
Different shareholders have different needs/desires and those who want out should be allowed to sell through the market to the highest bidder. Currently, Rubis is not allowed to buy.
I am relatively confident the deal will close BUT the delay isn't good for me given the other "bargains" [Safcom, Equity and Centum] may not remain so for long. All the best Chief. Toka NSE na hizo fraud briefcase purchases, kisha uone vile sisi hufanya. Why would a CEO aim to dispose his entire stake in a company he runs. If this isn’t insider dealing, sijui basi..
KQ ABP 4.26
|
|
|
Rank: Chief Joined: 1/3/2007 Posts: 18,349 Location: Nairobi
|
obiero wrote:VituVingiSana wrote:Apparently, Ohana can only exercise 37.25mn of the ESOP shares.
Rubis will have to find a way to pay him off for the balance. I guess it could be a payment after the closing that's the equivalent of the 50.25mn shares less his costs.
The CMA should also offer a voluntary, simplified approach... Sellers like me should be able to sell, if we want, to Rubis at the offer price through the market AFTER the takeover announcement.
A cautionary statement should be provided that the sellers may miss out on another (better) offer or information that might influence us to hold on BUT ultimately it should be our decision.
I have 2 of my "core portfolio" in play i.e. KK [which I want to sell at 23] and Unga [which I do not want to sell at 40].
Different shareholders have different needs/desires and those who want out should be allowed to sell through the market to the highest bidder. Currently, Rubis is not allowed to buy.
I am relatively confident the deal will close BUT the delay isn't good for me given the other "bargains" [Safcom, Equity and Centum] may not remain so for long. All the best Chief. Toka NSE na hizo fraud briefcase purchases, kisha uone vile sisi hufanya. Why would a CEO aim to dispose his entire stake in a company he runs. If this isn’t insider dealing, sijui basi.. The 23/- offer, even if it closes in mid-2019, was a pleasant surprise given it was 15 last month + I don't think there's much upside from 23. I am glad Ohana is taking us to Canaan with him. I am like those anxious father(s) waiting to feast on the mahari. We know it is on the way and the caravan is some distance away but we keep pacing about  Tuko na njaa! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
|
|
|
Rank: Elder Joined: 6/23/2009 Posts: 14,222 Location: nairobi
|
VituVingiSana wrote:obiero wrote:VituVingiSana wrote:Apparently, Ohana can only exercise 37.25mn of the ESOP shares.
Rubis will have to find a way to pay him off for the balance. I guess it could be a payment after the closing that's the equivalent of the 50.25mn shares less his costs.
The CMA should also offer a voluntary, simplified approach... Sellers like me should be able to sell, if we want, to Rubis at the offer price through the market AFTER the takeover announcement.
A cautionary statement should be provided that the sellers may miss out on another (better) offer or information that might influence us to hold on BUT ultimately it should be our decision.
I have 2 of my "core portfolio" in play i.e. KK [which I want to sell at 23] and Unga [which I do not want to sell at 40].
Different shareholders have different needs/desires and those who want out should be allowed to sell through the market to the highest bidder. Currently, Rubis is not allowed to buy.
I am relatively confident the deal will close BUT the delay isn't good for me given the other "bargains" [Safcom, Equity and Centum] may not remain so for long. All the best Chief. Toka NSE na hizo fraud briefcase purchases, kisha uone vile sisi hufanya. Why would a CEO aim to dispose his entire stake in a company he runs. If this isn’t insider dealing, sijui basi.. The 23/- offer, even if it closes in mid-2019, was a pleasant surprise given it was 15 last month + I don't think there's much upside from 23. I am glad Ohana is taking us to Canaan with him. I am like those anxious father(s) waiting to feast on the mahari. We know it is on the way and the caravan is some distance away but we keep pacing about Tuko na njaa! Naomba hii ndoa isitibuke kama ya ule jamaa alijiita Puma
KQ ABP 4.26
|
|
|
Rank: Elder Joined: 12/4/2009 Posts: 10,808 Location: NAIROBI
|
obiero wrote:VituVingiSana wrote:Apparently, Ohana can only exercise 37.25mn of the ESOP shares.
Rubis will have to find a way to pay him off for the balance. I guess it could be a payment after the closing that's the equivalent of the 50.25mn shares less his costs.
The CMA should also offer a voluntary, simplified approach... Sellers like me should be able to sell, if we want, to Rubis at the offer price through the market AFTER the takeover announcement.
A cautionary statement should be provided that the sellers may miss out on another (better) offer or information that might influence us to hold on BUT ultimately it should be our decision.
I have 2 of my "core portfolio" in play i.e. KK [which I want to sell at 23] and Unga [which I do not want to sell at 40].
Different shareholders have different needs/desires and those who want out should be allowed to sell through the market to the highest bidder. Currently, Rubis is not allowed to buy.
I am relatively confident the deal will close BUT the delay isn't good for me given the other "bargains" [Safcom, Equity and Centum] may not remain so for long. All the best Chief. Toka NSE na hizo fraud briefcase purchases, kisha uone vile sisi hufanya. Why would a CEO aim to dispose his entire stake in a company he runs. If this isn’t insider dealing, sijui basi.. Jacob Segman and Ohana. Combined crooks, kenol kobil could have fetched more Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
|
|
|
Rank: Chief Joined: 1/3/2007 Posts: 18,349 Location: Nairobi
|
Ericsson wrote:obiero wrote:VituVingiSana wrote:Apparently, Ohana can only exercise 37.25mn of the ESOP shares.
Rubis will have to find a way to pay him off for the balance. I guess it could be a payment after the closing that's the equivalent of the 50.25mn shares less his costs.
The CMA should also offer a voluntary, simplified approach... Sellers like me should be able to sell, if we want, to Rubis at the offer price through the market AFTER the takeover announcement.
A cautionary statement should be provided that the sellers may miss out on another (better) offer or information that might influence us to hold on BUT ultimately it should be our decision.
I have 2 of my "core portfolio" in play i.e. KK [which I want to sell at 23] and Unga [which I do not want to sell at 40].
Different shareholders have different needs/desires and those who want out should be allowed to sell through the market to the highest bidder. Currently, Rubis is not allowed to buy.
I am relatively confident the deal will close BUT the delay isn't good for me given the other "bargains" [Safcom, Equity and Centum] may not remain so for long. All the best Chief. Toka NSE na hizo fraud briefcase purchases, kisha uone vile sisi hufanya. Why would a CEO aim to dispose his entire stake in a company he runs. If this isn’t insider dealing, sijui basi.. Jacob Segman and Ohana. Combined crooks, kenol kobil could have fetched more Ohana wasn't the guy selling KK but the biwott family. I wish we had a higher price BUT unlike Unga, I do not feel cheated. The moment Rubis bought 25% of KK from Wells/biwotts, the hope of a counter-bid died. Rubis also got a pledge for an additional 4% from Tasmin [biwott?] so with 29% in the bag, what was Ohana to do but also cash out? Perhaps, we would have been better served if ALL the shares, including the biwotts 29%, were on offer to the highest bidder. The CMA should have considered that before allowing the Block Trade. Bottomline: I have done well with KK and I want to see my RTGS sooner than later! [Centum and Safcom await] Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
|
|
|
Rank: Elder Joined: 6/23/2009 Posts: 14,222 Location: nairobi
|
VituVingiSana wrote:Ericsson wrote:obiero wrote:VituVingiSana wrote:Apparently, Ohana can only exercise 37.25mn of the ESOP shares.
Rubis will have to find a way to pay him off for the balance. I guess it could be a payment after the closing that's the equivalent of the 50.25mn shares less his costs.
The CMA should also offer a voluntary, simplified approach... Sellers like me should be able to sell, if we want, to Rubis at the offer price through the market AFTER the takeover announcement.
A cautionary statement should be provided that the sellers may miss out on another (better) offer or information that might influence us to hold on BUT ultimately it should be our decision.
I have 2 of my "core portfolio" in play i.e. KK [which I want to sell at 23] and Unga [which I do not want to sell at 40].
Different shareholders have different needs/desires and those who want out should be allowed to sell through the market to the highest bidder. Currently, Rubis is not allowed to buy.
I am relatively confident the deal will close BUT the delay isn't good for me given the other "bargains" [Safcom, Equity and Centum] may not remain so for long. All the best Chief. Toka NSE na hizo fraud briefcase purchases, kisha uone vile sisi hufanya. Why would a CEO aim to dispose his entire stake in a company he runs. If this isn’t insider dealing, sijui basi.. Jacob Segman and Ohana. Combined crooks, kenol kobil could have fetched more Ohana wasn't the guy selling KK but the biwott family. I wish we had a higher price BUT unlike Unga, I do not feel cheated. The moment Rubis bought 25% of KK from Wells/biwotts, the hope of a counter-bid died. Rubis also got a pledge for an additional 4% from Tasmin [biwott?] so with 29% in the bag, what was Ohana to do but also cash out? Perhaps, we would have been better served if ALL the shares, including the biwotts 29%, were on offer to the highest bidder. The CMA should have considered that before allowing the Block Trade. Bottomline: I have done well with KK and I want to see my RTGS sooner than later! [Centum and Safcom await] Remember that the block trade was done at KES 15 so even if CMA turn a blind eye Rubis will be in the money
KQ ABP 4.26
|
|
|
Rank: Elder Joined: 12/4/2009 Posts: 10,808 Location: NAIROBI
|
Ericsson wrote:obiero wrote:VituVingiSana wrote:Apparently, Ohana can only exercise 37.25mn of the ESOP shares.
Rubis will have to find a way to pay him off for the balance. I guess it could be a payment after the closing that's the equivalent of the 50.25mn shares less his costs.
The CMA should also offer a voluntary, simplified approach... Sellers like me should be able to sell, if we want, to Rubis at the offer price through the market AFTER the takeover announcement.
A cautionary statement should be provided that the sellers may miss out on another (better) offer or information that might influence us to hold on BUT ultimately it should be our decision.
I have 2 of my "core portfolio" in play i.e. KK [which I want to sell at 23] and Unga [which I do not want to sell at 40].
Different shareholders have different needs/desires and those who want out should be allowed to sell through the market to the highest bidder. Currently, Rubis is not allowed to buy.
I am relatively confident the deal will close BUT the delay isn't good for me given the other "bargains" [Safcom, Equity and Centum] may not remain so for long. All the best Chief. Toka NSE na hizo fraud briefcase purchases, kisha uone vile sisi hufanya. Why would a CEO aim to dispose his entire stake in a company he runs. If this isn’t insider dealing, sijui basi.. Jacob Segman and Ohana. Combined crooks, kenol kobil could have fetched more Even CMA saw this as fraudulent; https://www.businessdail...3586-15je2ol/index.html
KenolKobil chief executive David Ohana’s payout from the sale of his ESOP shares to French firm Rubis Energie is now at risk of shrinking by a whopping Sh644.5 million. This follows the regulator’s insistence that the applicable rules do not allow him to take home the amounts indicated earlier. KenolKobil said in a notice published Thursday that the company’s employee share ownership plan (Esop) trust deed bars a single executive from taking up more than 25 per cent of shares issued under the scheme. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
|
|
|
Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi
|
Ericsson wrote:Ericsson wrote:obiero wrote:VituVingiSana wrote:Apparently, Ohana can only exercise 37.25mn of the ESOP shares.
Rubis will have to find a way to pay him off for the balance. I guess it could be a payment after the closing that's the equivalent of the 50.25mn shares less his costs.
The CMA should also offer a voluntary, simplified approach... Sellers like me should be able to sell, if we want, to Rubis at the offer price through the market AFTER the takeover announcement.
A cautionary statement should be provided that the sellers may miss out on another (better) offer or information that might influence us to hold on BUT ultimately it should be our decision.
I have 2 of my "core portfolio" in play i.e. KK [which I want to sell at 23] and Unga [which I do not want to sell at 40].
Different shareholders have different needs/desires and those who want out should be allowed to sell through the market to the highest bidder. Currently, Rubis is not allowed to buy.
I am relatively confident the deal will close BUT the delay isn't good for me given the other "bargains" [Safcom, Equity and Centum] may not remain so for long. All the best Chief. Toka NSE na hizo fraud briefcase purchases, kisha uone vile sisi hufanya. Why would a CEO aim to dispose his entire stake in a company he runs. If this isn’t insider dealing, sijui basi.. Jacob Segman and Ohana. Combined crooks, kenol kobil could have fetched more Even CMA saw this as fraudulent; https://www.businessdail...3586-15je2ol/index.html
KenolKobil chief executive David Ohana’s payout from the sale of his ESOP shares to French firm Rubis Energie is now at risk of shrinking by a whopping Sh644.5 million. This follows the regulator’s insistence that the applicable rules do not allow him to take home the amounts indicated earlier. KenolKobil said in a notice published Thursday that the company’s employee share ownership plan (Esop) trust deed bars a single executive from taking up more than 25 per cent of shares issued under the scheme. Alot of noise,a sale doesn't like this noise. "Don't let the fear of losing be greater than the excitement of winning."
|
|
|
Rank: Elder Joined: 12/7/2012 Posts: 11,935
|
mlennyma wrote:Ericsson wrote:Ericsson wrote:obiero wrote:VituVingiSana wrote:Apparently, Ohana can only exercise 37.25mn of the ESOP shares.
Rubis will have to find a way to pay him off for the balance. I guess it could be a payment after the closing that's the equivalent of the 50.25mn shares less his costs.
The CMA should also offer a voluntary, simplified approach... Sellers like me should be able to sell, if we want, to Rubis at the offer price through the market AFTER the takeover announcement.
A cautionary statement should be provided that the sellers may miss out on another (better) offer or information that might influence us to hold on BUT ultimately it should be our decision.
I have 2 of my "core portfolio" in play i.e. KK [which I want to sell at 23] and Unga [which I do not want to sell at 40].
Different shareholders have different needs/desires and those who want out should be allowed to sell through the market to the highest bidder. Currently, Rubis is not allowed to buy.
I am relatively confident the deal will close BUT the delay isn't good for me given the other "bargains" [Safcom, Equity and Centum] may not remain so for long. All the best Chief. Toka NSE na hizo fraud briefcase purchases, kisha uone vile sisi hufanya. Why would a CEO aim to dispose his entire stake in a company he runs. If this isn’t insider dealing, sijui basi.. Jacob Segman and Ohana. Combined crooks, kenol kobil could have fetched more Even CMA saw this as fraudulent; https://www.businessdail...3586-15je2ol/index.html
KenolKobil chief executive David Ohana’s payout from the sale of his ESOP shares to French firm Rubis Energie is now at risk of shrinking by a whopping Sh644.5 million. This follows the regulator’s insistence that the applicable rules do not allow him to take home the amounts indicated earlier. KenolKobil said in a notice published Thursday that the company’s employee share ownership plan (Esop) trust deed bars a single executive from taking up more than 25 per cent of shares issued under the scheme. Alot of noise,a sale doesn't like this noise. Kwani all the ESOP at KK belong to Ohana? In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
|
|
|
Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi
|
Angelica _ann wrote:mlennyma wrote:Ericsson wrote:Ericsson wrote:obiero wrote:VituVingiSana wrote:Apparently, Ohana can only exercise 37.25mn of the ESOP shares.
Rubis will have to find a way to pay him off for the balance. I guess it could be a payment after the closing that's the equivalent of the 50.25mn shares less his costs.
The CMA should also offer a voluntary, simplified approach... Sellers like me should be able to sell, if we want, to Rubis at the offer price through the market AFTER the takeover announcement.
A cautionary statement should be provided that the sellers may miss out on another (better) offer or information that might influence us to hold on BUT ultimately it should be our decision.
I have 2 of my "core portfolio" in play i.e. KK [which I want to sell at 23] and Unga [which I do not want to sell at 40].
Different shareholders have different needs/desires and those who want out should be allowed to sell through the market to the highest bidder. Currently, Rubis is not allowed to buy.
I am relatively confident the deal will close BUT the delay isn't good for me given the other "bargains" [Safcom, Equity and Centum] may not remain so for long. All the best Chief. Toka NSE na hizo fraud briefcase purchases, kisha uone vile sisi hufanya. Why would a CEO aim to dispose his entire stake in a company he runs. If this isn’t insider dealing, sijui basi.. Jacob Segman and Ohana. Combined crooks, kenol kobil could have fetched more Even CMA saw this as fraudulent; https://www.businessdail...3586-15je2ol/index.html
KenolKobil chief executive David Ohana’s payout from the sale of his ESOP shares to French firm Rubis Energie is now at risk of shrinking by a whopping Sh644.5 million. This follows the regulator’s insistence that the applicable rules do not allow him to take home the amounts indicated earlier. KenolKobil said in a notice published Thursday that the company’s employee share ownership plan (Esop) trust deed bars a single executive from taking up more than 25 per cent of shares issued under the scheme. Alot of noise,a sale doesn't like this noise. Kwani all the ESOP at KK belong to Ohana? I think puma saw alot of debts and some court cases now rubis might see this emerging controversy. "Don't let the fear of losing be greater than the excitement of winning."
|
|
|
Wazua
»
Investor
»
Stocks
»
KenolKobil 2018 and beyond
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.
|