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KENOL KOBIL .... 2012
hisah
#2201 Posted : Friday, October 12, 2012 5:48:39 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
hisah wrote:
murchr wrote:
Well well this gal is beautiful indeed. But where many suitors are involved, there is a tendency of one getting tired and throwing in the towel

Quote:
In an exchange of letters between the two oil firms, Total, which jointly operates storage depots in Mombasa and Nairobi with KenolKobil, says it must be offered the first right to buy KenolKobil’s shares in the depots, or it will to go to court to stop the acquisition.

But KenolKobil dismisses Total’s claim to pre-emptive rights, on the grounds that it entered the joint projects through its subsidiary Kobil Petroleum. It argues that what is up for acquisition by Puma Energy is KenolKobil, not Kobil Petroleum.


The EastAfrican

The drama is getting better... Shakeouts then sizable gains. Dizzy volatility rides smile

Since that newspaper article was published on Sunday, the price has dipped... The script. VWAP open @15s and closes the week @14.15/-



$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Jamani
#2202 Posted : Friday, October 12, 2012 6:48:28 PM
Rank: Elder

Joined: 9/12/2006
Posts: 1,554
hisah wrote:
hisah wrote:
murchr wrote:
Well well this gal is beautiful indeed. But where many suitors are involved, there is a tendency of one getting tired and throwing in the towel

Quote:
In an exchange of letters between the two oil firms, Total, which jointly operates storage depots in Mombasa and Nairobi with KenolKobil, says it must be offered the first right to buy KenolKobil’s shares in the depots, or it will to go to court to stop the acquisition.

But KenolKobil dismisses Total’s claim to pre-emptive rights, on the grounds that it entered the joint projects through its subsidiary Kobil Petroleum. It argues that what is up for acquisition by Puma Energy is KenolKobil, not Kobil Petroleum.


The EastAfrican

The drama is getting better... Shakeouts then sizable gains. Dizzy volatility rides smile

Since that newspaper article was published on Sunday, the price has dipped... The script. VWAP open @15s and closes the week @14.15/-





Only the strong will remain standing, i expect next week it will get kichapo cha mbwa from investors with wasiwasi then Segman will make another promising statement to cool the nerves and push the price up again.
Aguytrying
#2203 Posted : Friday, October 12, 2012 8:29:25 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
Jamani wrote:
hisah wrote:
hisah wrote:
murchr wrote:
Well well this gal is beautiful indeed. But where many suitors are involved, there is a tendency of one getting tired and throwing in the towel

Quote:
In an exchange of letters between the two oil firms, Total, which jointly operates storage depots in Mombasa and Nairobi with KenolKobil, says it must be offered the first right to buy KenolKobil’s shares in the depots, or it will to go to court to stop the acquisition.

But KenolKobil dismisses Total’s claim to pre-emptive rights, on the grounds that it entered the joint projects through its subsidiary Kobil Petroleum. It argues that what is up for acquisition by Puma Energy is KenolKobil, not Kobil Petroleum.


The EastAfrican

The drama is getting better... Shakeouts then sizable gains. Dizzy volatility rides smile

Since that newspaper article was published on Sunday, the price has dipped... The script. VWAP open @15s and closes the week @14.15/-





Only the strong will remain standing, i expect next week it will get kichapo cha mbwa from investors with wasiwasi then Segman will make another promising statement to cool the nerves and push the price up again.


Ha ha. This one requires nerves of steel. And true segman tends to release to steady things again.
The investor's chief problem - and even his worst enemy - is likely to be himself
Sufficiently Philanga....thropic
#2204 Posted : Saturday, October 13, 2012 12:39:25 AM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
Aguytrying wrote:
Jamani wrote:
hisah wrote:
hisah wrote:
murchr wrote:
Well well this gal is beautiful indeed. But where many suitors are involved, there is a tendency of one getting tired and throwing in the towel

Quote:
In an exchange of letters between the two oil firms, Total, which jointly operates storage depots in Mombasa and Nairobi with KenolKobil, says it must be offered the first right to buy KenolKobil’s shares in the depots, or it will to go to court to stop the acquisition.

But KenolKobil dismisses Total’s claim to pre-emptive rights, on the grounds that it entered the joint projects through its subsidiary Kobil Petroleum. It argues that what is up for acquisition by Puma Energy is KenolKobil, not Kobil Petroleum.


The EastAfrican

The drama is getting better... Shakeouts then sizable gains. Dizzy volatility rides smile

Since that newspaper article was published on Sunday, the price has dipped... The script. VWAP open @15s and closes the week @14.15/-





Only the strong will remain standing, i expect next week it will get kichapo cha mbwa from investors with wasiwasi then Segman will make another promising statement to cool the nerves and push the price up again.


Ha ha. This one requires nerves of steel. And true segman tends to release to steady things again.

As for the price dips, i can only say.....come baby comesmile
@SufficientlyP
VituVingiSana
#2205 Posted : Saturday, October 13, 2012 1:12:45 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
I am waiting for KK to fall back to 13 which is my 'buy-in' price ;-) Let's hope Mr. Segman doesn't issue any 'positive' statements until I get my share ;-)
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Sufficiently Philanga....thropic
#2206 Posted : Saturday, October 13, 2012 7:25:07 AM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
VituVingiSana wrote:
I am waiting for KK to fall back to 13 which is my 'buy-in' price ;-) Let's hope Mr. Segman doesn't issue any 'positive' statements until I get my share ;-)

@SufficientlyP
mwekez@ji
#2207 Posted : Saturday, October 13, 2012 12:01:48 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
According to the last update link due diligence was completed in September. It must have been satisfactory otherwise they wouldn't be pursuing the damn court cases. That said, 13s and sub are a welcome time
VituVingiSana
#2208 Posted : Saturday, October 13, 2012 2:52:15 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
mwekez@ji wrote:
According to the last update link due diligence was completed in September. It must have been satisfactory otherwise they wouldn't be pursuing the damn court cases. That said, 13s and sub are a welcome time

Let me quote (para[phrase) Warren Buffett:

When you go to the supermarket, and there is a sale on the non-perishable items you need & buy regularly, you should not complain but take joy in buying today at a discount what was pricier last week. If possible, you should stock up.

The same applies with shares that you like for the right reasons and there is no change in the circumstances. Buy at the lower price, what you would have paid more earlier.

My Take: Let KK share prices fall Applause since I believe nothing has changed for KK since September. The only negative announcement would be Puma withdraws the offer. That means the 3 cases have no locus standi. KK management gets back to business & can negotiate a JV with Puma that still benefits KK by sharing facilities, knowledge, products, etc.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
guru267
#2209 Posted : Saturday, October 13, 2012 4:45:59 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
VituVingiSana wrote:
The only negative announcement would be Puma withdraws the offer. KK management gets back to business & can negotiate a JV with Puma that still benefits KK by sharing facilities, knowledge, products, etc.



What happens to the tiny/negative margins that are being caused by price controls, volatile exchange rates, high oil prices & balooning finance costs?!

I doubt any JV with Puma can solve the above issues..
Mark 12:29
Deuteronomy 4:16
VituVingiSana
#2210 Posted : Saturday, October 13, 2012 7:46:05 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
guru267 wrote:
VituVingiSana wrote:
The only negative announcement would be Puma withdraws the offer. KK management gets back to business & can negotiate a JV with Puma that still benefits KK by sharing facilities, knowledge, products, etc.


What happens to the tiny/negative margins that are being caused by price controls, volatile exchange rates, high oil prices & balooning finance costs?!

I doubt any JV with Puma can solve the above issues..

True. No stress. I am a Warren Buffett fan. I try to ask myself questions he asks:

1) Is the industry 'good' [sustainable]? Yes. We need fuel (petroleum) no matter what until someone discovers an alternate.
2) Is the management great? Yes. There are always a few hiccups but over 10 years I have followed KK, A+ management.
3) Is the price 'cheap, rich or fair'? It is 'fair' at 14 but gets 'cheap' below 13.
4) Does it have a moat? Yes, it has the stations to push product through plus good real estate [I noticed that KK is adding buildings, etc to the various locations where there is 'extra' land]. Ethiopia is untapped. Huge real estate play. Another 'moat' is K-Card. It has made 'believers' of many customers!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
259 Pages«<219220221222223>»
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