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Breaking news: Segman retires from KK!
Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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the deal wrote:Segmen groomed Ohana to takeover...once he was ready...he retired...hallmark of a great CEO unlike others e.g Equity Bank. HAHAHA... Guys are now looking for all sorts of consollations  A good CEO does not resign today and leave tomorrow... Lets admit huyu jamaa alitfutwa Kazi but is trying to save face! Mark 12:29
Deuteronomy 4:16
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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selah wrote:I Think Ohana is ready to clean the mess segman has left....I am actually pleased with this retirement/sacking heads had to roll...making such a huge loss and taking a huge chunk of shareholders fund down the drain is not something a good company takes lightly.
I am actually wondering what Naikuni is still doing at KQ. Ditto. ... Naikuni should read this cc/KQ.Shareholders
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Rank: Member Joined: 2/7/2013 Posts: 447 Location: Nairobi
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Tip of the iceberg. what happened to the story with the Refinery? You cant win, unless you first begin....
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Rank: Chief Joined: 1/3/2007 Posts: 18,126 Location: Nairobi
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selah wrote:I Think Ohana is ready to clean the mess segman has left....I am actually pleased with this retirement/sacking heads had to roll...making such a huge loss and taking a huge chunk of shareholders fund down the drain is not something a good company takes lightly.
I am actually wondering what Naikuni is still doing at KQ. Naikuni is a Kenyan. They never resign. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 2/8/2007 Posts: 808
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Look JS retirement was planned and very well executed. In any case David has been running the place for sometime. Assuming he had been fired, would he be retained at the board as an advisor. I think people want retirements kenyan style like that of Eddie at Kengen where you retire and then they go look for a replacement ama the KCB and UAP ones where you bring in a Deputy Group Chief to mark time for the CEO to leave after 2 years. This to me is the best succession on the NSE well executed and devoid of gaps. To prove that JS had already mended the company wait for the results late July or early Aug...
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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I remember release of HY 2011 results which were very rosy was quickly done in July 2011 but release of HY 2012 results which were a nightmare was delayed to September 2012 ... So, if HY 2013 results are being released in July 2013, i would take this as a good sign for what will be released.
... So, @Kausha, what is your source that results HY 2013 will be released in this month of July 2013. Better, you may also give us the precise date
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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Kausha wrote:Look JS retirement was planned and very well executed... @Kausha ask all the shareholders who attended the AGM if they think this was well executed! The guy was chewing sour grapes after losing the chairmans position and by default absolute control.. Mark 12:29
Deuteronomy 4:16
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Counter is very resilient it refused to tank today. If anything, day VWAP is up and last trade was at KES 9.30 (17,900 shares)
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Farewell note from Segman http://www.kenolkobil.com/images/jisletter.pdf .... good bye segman. retire from advisory role pia soonest. let us get the best of ohana 
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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mwekez@ji wrote:Counter is very resilient it refused to tank today. If anything, day VWAP is up and last trade was at KES 9.30 (17,900 shares) It will tank eventually... possunt quia posse videntur
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Time will tell. Patience. Ohana understands this Corp well by both tenure & experience.
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Rank: Veteran Joined: 10/11/2009 Posts: 1,223
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Ohana is a mini Segman. For a number of years he has been incharge of Kenyan operations and was the background guy. KK is bound for greater heights. Nothing has changed! Its like Muthaura handing over to Kimemia and expecting a paradigm shift. History will not remember you for your IQ. It will remember you for what you did. “Genius is 1 percent inspiration, 99 percent perspiration.” Thomas Edison
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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8.60 printed on significant volume ....
BIDS 161,000
Quantity Price Splits Time
85,000 8.60 5 11:54:32
76,000 8.50 7 11:54:32
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ASKS 145,900
Quantity Price Splits Time
85,900 9.45 1 11:54:32
60,000 9.50 2 11:54:32
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TRADES
Quantity Price Time
25,000 8.60 11:54:00
20,000 8.60 11:53:56
25,000 8.60 11:53:49
20,000 8.60 11:53:17
10,000 8.60 11:52:28
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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More volumes at 8.60 ... Day Trading Range 8.60-9.50. Wanjiku bought today at 9.50, big boys are selling now at 8.60
BIDS 76,000
Quantity Price Splits Time
76,000 8.50 7 11:56:13
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ASKS 245,900
Quantity Price Splits Time
100,000 8.60 1 11:56:13
85,900 9.45 1 11:56:13
60,000 9.50 2 11:56:13
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TRADES
Quantity Price Time
15,000 8.60 11:56:11
50,000 8.60 11:56:11
10,000 8.60 11:56:11
10,000 8.60 11:56:11
10,000 8.60 11:56:11
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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@guru, hitting the stop loss button¿
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Rank: Chief Joined: 1/3/2007 Posts: 18,126 Location: Nairobi
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8.60 & falling... 200,000 of offer at 8.60... I have my 'pot' ready but I will wait till it is 8-ish. I am wearing all-black. In mourning.P.S. I wonder how Segman, who has options, will cash out. Could it be he exercised his options & is now selling the shares? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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its a big boy action at this 8.60 (huge volumes on one split). once it clears, more is loaded
BIDS 116,000
Quantity Price Splits Time
90,000 8.50 8 12:22:05
26,000 8.10 5 12:22:05
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ASKS 345,900
Quantity Price Splits Time
200,000 8.60 1 12:22:05
85,900 9.45 1 12:22:05
60,000 9.50 2 12:22:05
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TRADES
Quantity Price Time
199,600 8.60 12:21:34
400 8.60 12:14:51
500 8.60 12:05:45
5,000 8.60 12:03:25
3,100 8.60 12:03:16
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Rank: Member Joined: 2/8/2007 Posts: 808
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Lets be fair and thankful to JS. Look where he got Kenol at and where he is leaving it today. He may have made a mistake last year and believe me he was not alone the entire board participated in the hedging. They admitted their mistake and have fixed the mistakes and early August you will see they have. I can only have great gratitude to the man and hope he moves on to become Chairman of the Group.
I say this because you still have CEO's on the NSE who blame the weather, Europe, politics, airports for the weaknesses in their company performance and they hardly ever provide a road map to resolving the problems!
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Rank: Elder Joined: 6/20/2012 Posts: 3,855 Location: Othumo
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this one i cleaned by hands at 12.5 bob and left though felt bad when it went to 15 bob and above during puma days. you gain some, you loss some. sisi tunalia uko accesskenya. #tukopamojakwanse Thieves
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Rank: Chief Joined: 1/3/2007 Posts: 18,126 Location: Nairobi
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Kausha wrote:Lets be fair and thankful to JS. Look where he got Kenol at and where he is leaving it today. He may have made a mistake last year and believe me he was not alone the entire board participated in the hedging. They admitted their mistake and have fixed the mistakes and early August you will see they have. I can only have great gratitude to the man and hope he moves on to become Chairman of the Group.
I say this because you still have CEO's on the NSE who blame the weather, Europe, politics, airports for the weaknesses in their company performance and they hardly ever provide a road map to resolving the problems! That's a thought. JIS could have moved from CEO to Chairman leaving day-to-day running of the firm to Ohana. Question: I wonder how large JIS retirement package is & how it will affect the results. 1H 2013 will remain break-even at best coz the financing costs remain high & there may be some restructuring costs involved. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Breaking news: Segman retires from KK!
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