Wazua
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KENOL/KOBIL
Rank: Veteran Joined: 6/17/2009 Posts: 1,622
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@sheep,there are those who thrive in what is seemingly complex.At the right prices and with money available i will not hesitate to buy more.
@wa-ithaka, fast about it.
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Rank: Chief Joined: 1/3/2007 Posts: 18,261 Location: Nairobi
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Wa_ithaka wrote:At the end of the day, Biwott stole KK or bought it with stolen money from Kenyans.
I for one would love for KK to go down His shares should be either: 1) Distributed to existing shareholders 2) Taken over by GoK the sold to the public. Cash used to reduce public debt Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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If KK goes down, it will drag the lives of those Kenyans it employs down with it GOD BLESS YOUR LIFE
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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VituVingiSana wrote:Wa_ithaka wrote:At the end of the day, Biwott stole KK or bought it with stolen money from Kenyans.
I for one would love for KK to go down His shares should be either: 1) Distributed to existing shareholders 2) Taken over by GoK the sold to the public. Cash used to reduce public debt VVS great suggestion. But if we were to do that to KK, we would also have to do the same for half of the listed local companies(not to mention hundreds of unlisted ones) It would take decades. Kenya's history of corruption is just too long... GOD BLESS YOUR LIFE
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Rank: Elder Joined: 10/13/2009 Posts: 1,950 Location: in kenya
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PS wanyoike is unhappy with KK refusal to pay for what is rightfully KPRL.KK is waiting for a mediator to mediate -what a bully. Thats the problem of creating big companies they end up biting you in the back. '......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
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Rank: Chief Joined: 1/3/2007 Posts: 18,261 Location: Nairobi
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selah wrote:PS wanyoike is unhappy with KK refusal to pay for what is rightfully KPRL.KK is waiting for a mediator to mediate -what a bully.
Thats the problem of creating big companies they end up biting you in the back. Nonsense! KPRL is INEFFICIENT. Read what @kausha wrote... Ebu, PLEASE justify your comments... "KK refusal to pay for what is rightfully KPRL" Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 10/13/2009 Posts: 1,950 Location: in kenya
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@VVS KPRL won the court case against KK.No matter how inefficient they are they are entitled to the settlement. '......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
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Rank: Chief Joined: 1/3/2007 Posts: 18,261 Location: Nairobi
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selah wrote:@VVS
KPRL won the court case against KK.No matter how inefficient they are they are entitled to the settlement. Have you read the ruling? Who says KPRL 'won' the case? PLEASE tell me... I really want to know... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 10/13/2009 Posts: 1,950 Location: in kenya
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@vvs I havnt even seen the suit my information is from what PS Wanyoike was saying on last night NEWS. Kwani are you representing KK you seem realy on my case today. '......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
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Rank: Chief Joined: 1/3/2007 Posts: 18,261 Location: Nairobi
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selah wrote:@vvs
I havnt even seen the suit my information is from what PS Wanyoike was saying on last night NEWS.
Kwani are you representing KK you seem realy on my case today. LOL... You have to be kidding me? The idiots at MoE are part of the problem... That is like asking MPigs to comment on whether the massive pay raise is fair! I have read the Ruling. My interpretation is different from wanyoike. Unless there is political interference, I think KK will prevail. KK's lawyers seem to have goofed up on certain issues but it is not fatal to KK. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 6/17/2009 Posts: 1,622
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Talks between KPRL-KK hit a dead end yesterday.Apparently KPRL was ready to go on processing KKs crude if the latter agreed to accept any future increments in the processing fee by KPRL,KK declined .Worrying for KPRL is other players seem to be silently backing KK raising the possibility of counter claims from the other marketers.The stand off continues.
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Rank: Chief Joined: 1/3/2007 Posts: 18,261 Location: Nairobi
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@cnn - Apparently, KK asked for KPRL for an 'increase' in White Oil production for the increased fee... KPRL declined to guarantee the production of certain % of White Oils... I understand KK's point... Why would KK pay 'extra' without getting extra? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 4/14/2010 Posts: 806 Location: Nairobi
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From KPRL's response there is an allegation , though not criminal, that KK is paying lower crude processing rates, but charging customers the same prices at its stations as other oil marketers who are paying higher crude processing fees. it then follows that part of the EPS includes the margin between what KK is paying and what other marketers are paying. Were this margin to be removed (by KPRL winning the case), would the EPS fall significantly?
On merits of the case against higher crude processing rates with respect to contract law: Can a buyer determine/force the price at which the seller should sell to him?
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Rank: Elder Joined: 5/27/2008 Posts: 3,760
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I really fail to understand what the noise is about. What I understand is that KK have NEVER paid the new rates. They have always paid based on the 1999 rates? If so, the amount claimed by KPRL, Ksh 460M spread over when the new rates kicked in (1999?) is 460 /(2010 - 1999). Surely this is loose change to KK and will hardly cause a dent in the EPS. My reading is that KK is standing firm on a matter or principle.
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Rank: Member Joined: 4/14/2010 Posts: 806 Location: Nairobi
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If KK has been paying lower crude processing rates, shouldnt their pump prices be proportionately lower?
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Rank: Elder Joined: 10/13/2009 Posts: 1,950 Location: in kenya
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winston wrote:From KPRL's response there is an allegation , though not criminal, that KK is paying lower crude processing rates, but charging customers the same prices at its stations as other oil marketers who are paying higher crude processing fees. it then follows that part of the EPS includes the margin between what KK is paying and what other marketers are paying. Were this margin to be removed (by KPRL winning the case), would the EPS fall significantly?
On merits of the case against higher crude processing rates with respect to contract law: Can a buyer determine/force the price at which the seller should sell to him? If KK was to sell Lower than other marketers wont that bring another upheaval? '......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
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Rank: Chief Joined: 1/3/2007 Posts: 18,261 Location: Nairobi
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KK is (apparently) following the contract - I wish I could read it - which must stipulate some conditions which KPRL does not fulfil. BTW, KPRL has a 'monopoly' i.e. Oil Marketers are FORCED to use inefficient KPRL... and we pay the price in higher fuel costs... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Rank: Elder Joined: 9/15/2006 Posts: 3,906
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KenolKobil suspended until they agree with KPRL - nothing in, no ullage space, etc.
KTN News at 9
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