Wazua
»
Investor
»
Stocks
»
KenolKobil 2018 and beyond
Rank: Elder Joined: 6/23/2009 Posts: 13,520 Location: nairobi
|
mlennyma wrote: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. I bought some KK last year but soon got informed of the underhand tactics in the books including sale of oil products destined for SS thus denying KRA tax, hence had to sell at a small profit. It seems that all along Ohana had his eye on the KES 2B prize and nothing else
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
|
|
|
Rank: Elder Joined: 7/11/2010 Posts: 5,040
|
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. I've also had my eye on safcom since this deal was announced. Especially at recent price. Let it stay there while kk cooks The investor's chief problem - and even his worst enemy - is likely to be himself
|
|
|
Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
|
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. The sooner we close this deal,the better for all of us: Rubis,Ohana and us.Too much noise is not good for us. Towards the goal of financial freedom
|
|
|
Rank: Elder Joined: 12/4/2009 Posts: 10,696 Location: NAIROBI
|
Ebenyo 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. The sooner we close this deal,the better for all of us: Rubis,Ohana and us.Too much noise is not good for us. I hope ujasahau your Kenya power Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
|
|
|
Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
|
"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." This is good. It's not fair to have all the goodies going to a few at the top. In this case, just one person considering there is usually a team effort.
“It, however, can be corrected by the trustees to increase the limit to allow me get the 88 million shares. I think that is what will happen eventually…but there is procedure of how to do this,” he said. Of course, the trustees will do it for him but...
"No other KenolKobil executive is known to have been allotted Esop options under the scheme."  IMHO, some should have been allocated to long-serving employees who also made KK what it is.As much as a fan of James Mworia that I am... I think the "bonuses" need to reflect what others also do or provide. I am cognizant that there are different contracts eg low salary with a high bonus, etc. Some prefer high salaries instead of a bonus structure. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
|
|
|
Rank: Member Joined: 2/20/2015 Posts: 467 Location: Nairobi
|
Vivo Energy, Total eat into KenolKobil's market share@VVS will say Ohana has been focusing on improving the bottom line and not on volumes but the slide in market share has been consistent for last few years. The competition from all the Somali petrol stations is real. KK shareholders should take the money offered and run and leave the 'shell' to Rubis
|
|
|
Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
|
kawi254 wrote:Vivo Energy, Total eat into KenolKobil's market share@VVS will say Ohana has been focusing on improving the bottom line and not on volumes but the slide in market share has been consistent for last few years. The competition from all the Somali petrol stations is real. KK shareholders should take the money offered and run and leave the 'shell' to Rubis ASAP!  I am waiting for the IM and forms. Let's break it down: "The oil marketer has in recent years pulled out of market segments it described as less profitable as part of its turnaround plan, deliberately ceding market share to its top rivals." "In overall market share, including exports to the regional markets, KenolKobil is ranked second at 13.2 per cent, tying with Total and behind Vivo with 14.6 per cent." >>> That's a small difference between the three. The OVERALL market is much larger than just Kenya. So whereas KK has lost market share in Kenya, it is very strong in the region.
One can't compete against fuel that might be adulterated or comes in via panya routes. That's something KRA needs to deal with. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
|
|
|
Rank: Elder Joined: 6/23/2009 Posts: 13,520 Location: nairobi
|
VituVingiSana wrote:kawi254 wrote:Vivo Energy, Total eat into KenolKobil's market share@VVS will say Ohana has been focusing on improving the bottom line and not on volumes but the slide in market share has been consistent for last few years. The competition from all the Somali petrol stations is real. KK shareholders should take the money offered and run and leave the 'shell' to Rubis ASAP! I am waiting for the IM and forms. Let's break it down: "The oil marketer has in recent years pulled out of market segments it described as less profitable as part of its turnaround plan, deliberately ceding market share to its top rivals." "In overall market share, including exports to the regional markets, KenolKobil is ranked second at 13.2 per cent, tying with Total and behind Vivo with 14.6 per cent." >>> That's a small difference between the three. The OVERALL market is much larger than just Kenya. So whereas KK has lost market share in Kenya, it is very strong in the region.
One can't compete against fuel that might be adulterated or comes in via panya routes. That's something KRA needs to deal with. Ohana is the panya router himself. Remember last week KRA matter in regards to South Sudan consignment
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
|
|
|
Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
|
obiero wrote:VituVingiSana wrote:kawi254 wrote:Vivo Energy, Total eat into KenolKobil's market share@VVS will say Ohana has been focusing on improving the bottom line and not on volumes but the slide in market share has been consistent for last few years. The competition from all the Somali petrol stations is real. KK shareholders should take the money offered and run and leave the 'shell' to Rubis ASAP! I am waiting for the IM and forms. Let's break it down: "The oil marketer has in recent years pulled out of market segments it described as less profitable as part of its turnaround plan, deliberately ceding market share to its top rivals." "In overall market share, including exports to the regional markets, KenolKobil is ranked second at 13.2 per cent, tying with Total and behind Vivo with 14.6 per cent." >>> That's a small difference between the three. The OVERALL market is much larger than just Kenya. So whereas KK has lost market share in Kenya, it is very strong in the region.
One can't compete against fuel that might be adulterated or comes in via panya routes. That's something KRA needs to deal with. Ohana is the panya router himself. Remember last week KRA matter in regards to South Sudan consignment KRA is known to try to intimidate folks. Let KRA prove its case in court. Only 59mn which is 50% of what Ngunze got from the Kenyan Taxpayer as a "consultant" Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
|
|
|
Rank: Elder Joined: 12/4/2009 Posts: 10,696 Location: NAIROBI
|
obiero wrote:VituVingiSana wrote:kawi254 wrote:Vivo Energy, Total eat into KenolKobil's market share@VVS will say Ohana has been focusing on improving the bottom line and not on volumes but the slide in market share has been consistent for last few years. The competition from all the Somali petrol stations is real. KK shareholders should take the money offered and run and leave the 'shell' to Rubis ASAP! I am waiting for the IM and forms. Let's break it down: "The oil marketer has in recent years pulled out of market segments it described as less profitable as part of its turnaround plan, deliberately ceding market share to its top rivals." "In overall market share, including exports to the regional markets, KenolKobil is ranked second at 13.2 per cent, tying with Total and behind Vivo with 14.6 per cent." >>> That's a small difference between the three. The OVERALL market is much larger than just Kenya. So whereas KK has lost market share in Kenya, it is very strong in the region.
One can't compete against fuel that might be adulterated or comes in via panya routes. That's something KRA needs to deal with. Ohana is the panya router himself. Remember last week KRA matter in regards to South Sudan consignment To add on the decline in mkt share for kk, the demand/consumption of oil from september has been on a decline. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
|
|
|
Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
|
Ericsson wrote:obiero wrote:VituVingiSana wrote:kawi254 wrote:Vivo Energy, Total eat into KenolKobil's market share@VVS will say Ohana has been focusing on improving the bottom line and not on volumes but the slide in market share has been consistent for last few years. The competition from all the Somali petrol stations is real. KK shareholders should take the money offered and run and leave the 'shell' to Rubis ASAP! I am waiting for the IM and forms. Let's break it down: "The oil marketer has in recent years pulled out of market segments it described as less profitable as part of its turnaround plan, deliberately ceding market share to its top rivals." "In overall market share, including exports to the regional markets, KenolKobil is ranked second at 13.2 per cent, tying with Total and behind Vivo with 14.6 per cent." >>> That's a small difference between the three. The OVERALL market is much larger than just Kenya. So whereas KK has lost market share in Kenya, it is very strong in the region.
One can't compete against fuel that might be adulterated or comes in via panya routes. That's something KRA needs to deal with. Ohana is the panya router himself. Remember last week KRA matter in regards to South Sudan consignment To add on the decline in mkt share for kk, the demand/consumption of oil from september has been on a decline. Gasp! What will we do? What will we do? Rubis  make it happen! My next core investment might be Centum pending some serious legwork. @Ericsson - What are your holdings?  Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
|
|
|
Rank: Elder Joined: 12/4/2009 Posts: 10,696 Location: NAIROBI
|
VituVingiSana wrote:Ericsson wrote:obiero wrote:VituVingiSana wrote:kawi254 wrote:Vivo Energy, Total eat into KenolKobil's market share@VVS will say Ohana has been focusing on improving the bottom line and not on volumes but the slide in market share has been consistent for last few years. The competition from all the Somali petrol stations is real. KK shareholders should take the money offered and run and leave the 'shell' to Rubis ASAP! I am waiting for the IM and forms. Let's break it down: "The oil marketer has in recent years pulled out of market segments it described as less profitable as part of its turnaround plan, deliberately ceding market share to its top rivals." "In overall market share, including exports to the regional markets, KenolKobil is ranked second at 13.2 per cent, tying with Total and behind Vivo with 14.6 per cent." >>> That's a small difference between the three. The OVERALL market is much larger than just Kenya. So whereas KK has lost market share in Kenya, it is very strong in the region.
One can't compete against fuel that might be adulterated or comes in via panya routes. That's something KRA needs to deal with. Ohana is the panya router himself. Remember last week KRA matter in regards to South Sudan consignment To add on the decline in mkt share for kk, the demand/consumption of oil from september has been on a decline. Gasp! What will we do? What will we do? Rubis make it happen! My next core investment might be Centum pending some serious legwork. @Ericsson - What are your holdings? KCB Safaricom Coop Kengen Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
|
|
|
Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
|
Good news for KK - but I may not benefit from the profits given Rubis wants to buy me out. https://www.businessdail...5248-hm0abcz/index.html
and Oil Slumps Below $60 in London For First Time Since October 2017 https://www.bloomberg.co...ns-of-global-supply-glutGreedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
|
|
|
Rank: Elder Joined: 6/23/2009 Posts: 13,520 Location: nairobi
|
Good news for KK or KQ?
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
|
|
|
Rank: Elder Joined: 12/4/2009 Posts: 10,696 Location: NAIROBI
|
KQ and those who travel by plane frequently Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
|
|
|
Rank: Elder Joined: 12/4/2009 Posts: 10,696 Location: NAIROBI
|
[quote=VituVingiSana]Good news for KK - but I may not benefit from the profits given Rubis wants to buy me out. https://www.businessdail...5248-hm0abcz/index.html
and Oil Slumps Below $60 in London For First Time Since October 2017 https://www.bloomberg.co...s-of-global-supply-glut[/quote] The purchase of kk by Rubis is on a standstill Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
|
|
|
Rank: Elder Joined: 6/23/2009 Posts: 13,520 Location: nairobi
|
Ericsson wrote:The purchase of kk by Rubis is on a standstill Unfortunately
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
|
|
|
Rank: Member Joined: 2/20/2015 Posts: 467 Location: Nairobi
|
Ericsson wrote:KQ and those who travel by plane frequently KQ went back to hedging fuel and I will not be surprised they have repeated Naikuni Era/(error) hedging mistakes so they may not benefit from Oil slump
|
|
|
Rank: Elder Joined: 12/4/2009 Posts: 10,696 Location: NAIROBI
|
kawi254 wrote:Ericsson wrote:KQ and those who travel by plane frequently KQ went back to hedging fuel and I will not be surprised they have repeated Naikuni Era/(error) hedging mistakes so they may not benefit from Oil slump I ain't sure how contracts for supply of fuel are done in airline industry. Maybe the hedging contract they signed is for 3 months which gives the airline and passengers adequate room for ticket prices adjustments Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
|
|
|
Rank: Elder Joined: 6/23/2009 Posts: 13,520 Location: nairobi
|
Ericsson wrote:kawi254 wrote:Ericsson wrote:KQ and those who travel by plane frequently KQ went back to hedging fuel and I will not be surprised they have repeated Naikuni Era/(error) hedging mistakes so they may not benefit from Oil slump I ain't sure how contracts for supply of fuel are done in airline industry. Maybe the hedging contract they signed is for 3 months which gives the airline and passengers adequate room for ticket prices adjustments Plus they could hedge more as the price slumps
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
|
|
|
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.
|