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KENOL KOBIL .... 2012
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VituVingiSana
#2181 Posted : Sunday, October 07, 2012 5:46:28 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
guru267 wrote:
VituVingiSana wrote:
As for worrying whether Kestrel will put in the bid... They are on the 'sellers' side


Doesn't rational thinking tell us that the bidders will always bid lower than the sellers asking price?? It happens everyday on the NSE!!
So if Kestrel says 20bob i don't see why Puma won't offer 17bob..

VituVingiSana wrote:
I have a feeling that the biwott family will sell out at a 'healthy' price which would benefit minority shareholders as well...


Biwott probably got his shares at less than 1bob when he got in.. He will gladly take 17bob from Puma as it will be the all time high share price for the stock and like 20times what he put in..

Why would Biwott care about minority shareholders??

VituVingiSana wrote:
I own shares at a fair price in a well-run firm. What Buffett calls a 10-bagger.


A business with TERRIBLE margins will unlikely ever be a "10bagger" no matter how good the management!
I am happy to wait. I am already 13.6% ahead... Applause which is far better than my expected return for the period.

BTW, Coke among other firms (Wrigley, etc) sells millions of units at teeny margins on each. Net result. Money, money, money Drool Drool Drool Did I mention that Warren Buffet owns a piece of (low margin) Wrigley's?

KK has made many millionaires since it listed. It has split 10x (twice) since 2002 so 1 share in 2002 = 100 shares today! Fuel (even with low margins) is a 'moat' business [as described by WB] which one needs come rain or shine. I use it daily. Planes use it daily. Most Kenyans use it daily. As do many East Africans. And its use grows at least 10% per annum in KK's markets.

Either way. I win. Applause Applause Applause
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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  | | Edit by user: Sunday, October 07, 2012 6:10 PM | Reason: Not specified
VituVingiSana
#2182 Posted : Sunday, October 07, 2012 6:00:27 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
the deal wrote:
I'm seating here & laughing at the challenge by Total Kenya...its WEAK! Read JIS comments in that story. I have cash...I would like to buy I missed adding more at 13 bob last time btwn KK screwed Total Kenya & now Puma will finish them off...its funny how KK never talked about stopping the Total Kenya (TK) buy out of Caltex cos they had a pre emptive right to buy caltex share in the oil facility...look where the acquisition of caltex has ended TK...Losses year in year out...up to the point they had to recapitalise...Hidiots!
I too think it is BS.

KK should have challenged Caltex on the sale of the shares to Total since it owned 1/3 of the joint facility but that is too late. As Segman says, the facility is owned by a subsidiary, Kobil Petroleum, not KK. Also KK is NOT selling off Kobil but KK's shares are being acquired.

That's the same point the employees 'missed' but some of these judges/magistrates are half-baked in business matters. KK remains an independent entity. The shares are being acquired the firm in business remains KK including all liabilities & contracts!

KPC is just trying to be a pain & needs to be smacked by KK into bankruptcy by going after the award KK won.

Total is screwed. They are losing money. They are now #2 to KK in Kenya. This is just a game they are playing & being a thorn in the side of KK.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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  | | Edit by user: Sunday, October 07, 2012 6:20 PM | Reason: Not specified
Aguytrying
#2183 Posted : Sunday, October 07, 2012 9:44:34 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
It's very obvious, when you are making money(or about to in this case). Everyone wants a piece of the pie/action. I need to pile some cash, to buy during the shakeouts, coz i believe this deal will go through.
The investor's chief problem - and even his worst enemy - is likely to be himself
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mlennyma
#2184 Posted : Monday, October 08, 2012 8:54:58 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Why do i feel the end result will dissapoint?
"Don't let the fear of losing be greater than the excitement of winning."
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mwenza
#2185 Posted : Monday, October 08, 2012 10:06:35 AM
Rank: Elder

Joined: 4/22/2009
Posts: 2,863
mlennyma wrote:
Why do i feel the end result will dissapoint?



Because you are not a shareholder.
IF YOU EXPECT ME TO POST ANYTHING POSITIVE ABOUT ASENO, YOU MAY AS WELL SIT ON A PIN
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Jamani
#2186 Posted : Monday, October 08, 2012 10:23:43 AM
Rank: Elder

Joined: 9/12/2006
Posts: 1,554
mwenza wrote:
mlennyma wrote:
Why do i feel the end result will dissapoint?



Because you are not a shareholder.

Applause Applause
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Jamani
#2187 Posted : Monday, October 08, 2012 9:05:36 PM
Rank: Elder

Joined: 9/12/2006
Posts: 1,554

KenolKobil has lost yet another legal battle after a Nairobi judge declined to suspend an interim injunction obtained by a sacked worker stopping the firm’s takeover by Swiss-based Puma Energy.

Industrial Court judge Njagi Marete threw out an application filed by the listed oil marketer seeking lift the orders granted to Joseph Kamau Thuo and said the acquisition would remain suspended until the dispute is heard and concluded.
http://www.businessdaily...4/-/cwo81ez/-/index.html
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sparkly
#2188 Posted : Monday, October 08, 2012 10:36:51 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
[quote=Jamani]
KenolKobil has lost yet another legal battle after a Nairobi judge declined to suspend an interim injunction obtained by a sacked worker stopping the firm’s takeover by Swiss-based Puma Energy.

Industrial Court judge Njagi Marete threw out an application filed by the listed oil marketer seeking lift the orders granted to Joseph Kamau Thuo and said the acquisition would remain suspended until the dispute is heard and concluded.
http://www.businessdaily.../-/cwo81ez/-/index.html[/quote]
Employees win the battle but, they will never win the war?

There is no court in the world that will force an employer to employ an employee, none, zero. Employees must realise that no employer has a duty to maintain them and their families until retirement, as they drive nice cars and eat in fancy restaurants.

Stop living from paycheck to paycheck and rushing to the ATM to check "kama tumelipwa" from 25th to 30th. KK ina wenyewe na itauzwa wapende wasiipende!


Life is short. Live passionately.
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Aguytrying
#2189 Posted : Monday, October 08, 2012 11:06:59 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
[quote=Jamani]
KenolKobil has lost yet another legal battle after a Nairobi judge declined to suspend an interim injunction obtained by a sacked worker stopping the firm’s takeover by Swiss-based Puma Energy.

Industrial Court judge Njagi Marete threw out an application filed by the listed oil marketer seeking lift the orders granted to Joseph Kamau Thuo and said the acquisition would remain suspended until the dispute is heard and concluded.
http://www.businessdaily.../-/cwo81ez/-/index.html[/quote]

All these law suits, means there's money in this deal
The investor's chief problem - and even his worst enemy - is likely to be himself
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VituVingiSana
#2190 Posted : Tuesday, October 09, 2012 12:32:44 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
Any lawyers here?

1) What is the status of the KPC-KK arbitration hearing? I could not find any dates as to when this was to happen. Is the arbitration on?

2) When is the employee/s case going to be heard?

3) Has Total taken KK to court? If yes, what are the dates?

4) When is KPC's hearing to stop the Puma takeover?

I tried kenyalaw.org but I did not have much success or I do not know how to search it for the info. Please help!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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  | | Edit by user: Tuesday, October 09, 2012 12:39 AM | Reason: Not specified
259 Pages«<217218219220221>»
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