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KENOL KOBIL .... 2012
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2012
#2271 Posted : Friday, November 09, 2012 8:47:33 AM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
[quote=sorovi]more problems..

http://www.nation.co.ke/.../-/6yvhgsz/-/index.html[/quote]


I don't think either of the parties will get settlement out of this matter. They should just agree to disagree and end this matter. The only winners here are the lawyers. This matter could drag on for years.

BBI will solve it :)
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VituVingiSana
#2272 Posted : Friday, November 09, 2012 9:29:04 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
That judge has an anti-KK bias. He also ruled the award to KK (KES 4.6bn) by the arbitrator was too high YET and in Embakasi is going for 100mn/acre so 100 acres "stolen" from Orbit was awarded at KES 11bn.

There are some individuals/familes with 100 acres in areas where land is approaching 10mn/acre = KES 1bn. So how does this judge (not vetted yet) claim that KES 4.6bn is too much for the economy to bear when there are firms like Safaricom that make KES 7.8bn in 6 months, KQ lost KES 4.8bn in 6 months, etc.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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hisah
#2273 Posted : Friday, November 09, 2012 5:51:37 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Today foreigners were net buyers ~ 66M bid turnover with no selling...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Aguytrying
#2274 Posted : Friday, November 09, 2012 7:42:39 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
hisah wrote:
Today foreigners were net buyers ~ 66M bid turnover with no selling...


And there have been high turnovers since last week in the millions.....could this be the news that people have been waiting for? the most important news may not come in the form of a press release
The investor's chief problem - and even his worst enemy - is likely to be himself
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VituVingiSana
#2275 Posted : Monday, November 12, 2012 1:45:40 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
I was reading about Puma's takeover of (then-listed) BP's assets in Zambia. Since BP Zambia was listed the process took over an year as Puma squared the books (verification of assets, liabilities, etc). It was a painful process with issues with the Regulators. LuSE & Zambia's SEC did not want Puma Zambia de-listed.

Anyway, I think Puma has learnt it's lessons. It is taking a slower approach. It seems to me it got involved early on in 2012 (the announcement came just after the Kenol 2012 AGM) & will take about 1 year to square it away before the final offer is made.

Coincidentally, the 1 year will 'end' after the elections which makes it easier for Puma to walk away if the idiocy of 2008 happens again.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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VituVingiSana
#2276 Posted : Monday, November 12, 2012 1:47:37 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
I was reading about Puma's takeover of (then-listed) BP's assets in Zambia. Since BP Zambia was listed the process took over an year as Puma squared the books (verification of assets, liabilities, etc). It was a painful process with issues with the Regulators. LuSE & Zambia's SEC did not want Puma Zambia de-listed.

Anyway, I think Puma has learnt it's lessons. It is taking a slower approach. It seems to me it got involved early on in 2012 (the announcement came just after the Kenol 2012 AGM) & will take about 1 year to square it away before the final offer is made.

Coincidentally, the 1 year will 'end' after the elections which makes it easier for Puma to walk away if the idiocy of 2008 happens again.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Aguytrying
#2277 Posted : Friday, November 23, 2012 11:55:12 AM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
silence from: Kk, puma, courts , Kk diehards. share price not telling a story ... wild swings no longer. hopes of deal closing this year diminishing by the day . i didnt imagine takeovers are this rough for the share holder . this requires nerves of steel
The investor's chief problem - and even his worst enemy - is likely to be himself
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mlennyma
#2278 Posted : Friday, November 23, 2012 12:01:28 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
If this deal is not worth over 20bob per share,its not worth the stress.
"Don't let the fear of losing be greater than the excitement of winning."
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Cde Monomotapa
#2279 Posted : Friday, November 23, 2012 1:48:51 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
mlennyma wrote:
If this deal is not worth over 20bob per share,its not worth the stress.

Si then it's to hang around & find out smile
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VituVingiSana
#2280 Posted : Friday, November 23, 2012 2:31:51 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
If this is closed (peaceful) post-elections... then 20 should be the minimum!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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259 Pages«<226227228229230>»
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