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KenolKobil FY 2012 substrata loss of 9b!
Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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sparkly wrote:the deal wrote:mlennyma wrote:It can be very bad if some guys throw this bad news aiming to buy cheap. Offcourse not everyone is as backward thinking as some of you...you do realise Kenol is still in business...making money as we speak...the loss happened...its in the past...move on. At @the deal, I am in KK but when things are bad, we gotta admit it. Its bad! how we make good of a bad situation is another issue. Imagine if KK makes a similar loss in 2013. We will be talking of liquidation. Thats a company you want to think twice before you put in your money. For the people already in, its time to minimise your risk to acceptable levels. Just sell your shares... I make my decisions...so far my strategy has been successful...KenGen at 7.50 now at 16....Liberty at average of 7.20 now above 12...just to name a few trades... There is no need to change a successful strategy... Kenol will recover... FV: above 20 bob. From tomorrow I start buying.
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Rank: Elder Joined: 9/12/2006 Posts: 1,554
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BIDS 3.49M Quantity Price Splits Time 5,100 9.90 2 14:00:59 11,000 9.85 2 14:00:59 50,200 9.80 2 14:00:59 30,400 9.75 5 14:00:59 1,000 9.70 1 14:00:59 ASKS 363,400 Quantity Price Splits Time 132,600 10.00 2 14:00:59 40,000 10.25 1 14:00:59 100 10.45 1 14:00:59 50,000 10.75 1 14:00:59 3,700 10.80 1 14:00:59 TRADES Quantity Price Time 900 10.00 14:00:58 1,800 10.00 13:23:33 400 9.90 13:19:38 7,500 9.90 13:09:54 3,000 9.90 13:00:50
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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When Olympia, eveready are flying. And Kk gets such demand after a 9b loss. Then u know the market is topping out. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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the deal wrote:
KK FV: above 20 bob.
Substantiate
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Self-evidently very poor Results. Total Kenya looks a much more attractive Option over the next 12 months. Ditto Rich
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Rank: Elder Joined: 6/23/2009 Posts: 14,251 Location: nairobi
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the deal wrote:mlennyma wrote:It can be very bad if some guys throw this bad news aiming to buy cheap. Offcourse not everyone is as backward thinking as some of you...you do realise Kenol is still in business...making money as we speak...the loss happened...its in the past...move on. ^ hii mtu lazima ikuwe ya PPP
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Rank: Elder Joined: 6/23/2009 Posts: 14,251 Location: nairobi
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sparkly wrote:mkonomtupu wrote:With regard to KK and Total I just have to give the Lawrence Garfield speech in that movie "Other Peoples Money"
"Amen, and amen, and amen. You'll have to forgive me, I'm not familiar with the local custom. Where I come from, you always say 'Amen' after you hear a prayer. Because that's what you just heard - a prayer. Where I come from, that particular prayer is called 'The Prayer for the Dead.' You just heard The Prayer for the Dead, my fellow stockholders, and you didn't say, 'Amen.' This company is dead. I didn't kill it. Don't blame me. It was dead when I got here. It's too late for prayers. For even if the prayers were answered, and a miracle occurred, and the yen did this, and the dollar did that, and the infrastructure did the other thing, we would still be dead! You know why? Fiber optics. New technologies. Obsolescence. We're dead, alright. We're just not broke. And do you know the surest way to go broke? Keep getting an increasing share of a shrinking market. Down the tubes. Slow, but sure.
You know, at one time, there must've been dozens of companies making buggy whips. And I'll bet the last company around was the one that made the best god-damn buggy whip you ever saw. Now how would you have liked to have been a stockholder in that company? You invested in a business and this business is dead. Let's have the intelligence, let's have the decency to sign the death certificate, collect the insurance, and invest in something with a future. 'Ah, but we can't,' goes the prayer. 'We can't because we have responsibility, a responsibility to our employees, to our community. What will happen to them?' I got two words for that - 'Who cares?' Care about them? Why? They didn't care about you. They sucked you dry. You have no responsibility to them. For the last ten years, this company bled your money. Did this community ever say, 'We know times are tough. We'll lower taxes, reduce water and sewer.' Check it out: You're paying twice what you did ten years ago. And our devoted employees, who have taken no increases for the past three years, are still making twice what they made ten years ago. And our stock - one-sixth of what it was ten years ago. 'Who cares?' I'll tell ya -- Me.
I'm not your best friend. I'm your only friend. I don't make anything. I'm makin' you money. And lest we forget, that's the only reason any of you became stockholders in the first place. You wanna make money! You don't care if they manufacture wire and cable, fried chicken, or grow tangerines! You wanna make money! I'm the only friend you've got. I'm makin' you money. Take the money. Invest it somewhere else. Maybe, maybe you'll get lucky and it'll be used productively. And if it is, you'll create new jobs and provide a service for the economy and, God forbid, even make a few bucks for yourselves. And if anybody asks, tell 'em ya gave at the plant.
And by the way, it pleases me that I'm called 'Larry the Liquidator.' You know why, fellow stockholders? Because at my funeral, you'll leave with a smile on your face and a few bucks in your pocket. Now that's a funeral worth having!"
Clap clap clap... what a speech! Danny Devito killed it in that movie
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Rank: Elder Joined: 6/23/2009 Posts: 14,251 Location: nairobi
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holycow wrote:This one has defied gravity for now!, stuck at above 9/= ^ your comment sums this discussion..
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Rank: Chief Joined: 1/3/2007 Posts: 18,361 Location: Nairobi
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Back to 10 on decent volumes! 985,000 shares traded is not too shabby. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 1/3/2007 Posts: 18,361 Location: Nairobi
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mkonomtupu wrote:With regard to KK and Total I just have to give the Lawrence Garfield speech in that movie "Other Peoples Money"
"Amen, and amen, and amen. You'll have to forgive me, I'm not familiar with the local custom. Where I come from, you always say 'Amen' after you hear a prayer. Because that's what you just heard - a prayer. Where I come from, that particular prayer is called 'The Prayer for the Dead.' You just heard The Prayer for the Dead, my fellow stockholders, and you didn't say, 'Amen.' This company is dead. I didn't kill it. Don't blame me. It was dead when I got here. It's too late for prayers. For even if the prayers were answered, and a miracle occurred, and the yen did this, and the dollar did that, and the infrastructure did the other thing, we would still be dead! You know why? Fiber optics. New technologies. Obsolescence. We're dead, alright. We're just not broke. And do you know the surest way to go broke? Keep getting an increasing share of a shrinking market. Down the tubes. Slow, but sure.
You know, at one time, there must've been dozens of companies making buggy whips. And I'll bet the last company around was the one that made the best god-damn buggy whip you ever saw. Now how would you have liked to have been a stockholder in that company? You invested in a business and this business is dead. Let's have the intelligence, let's have the decency to sign the death certificate, collect the insurance, and invest in something with a future. 'Ah, but we can't,' goes the prayer. 'We can't because we have responsibility, a responsibility to our employees, to our community. What will happen to them?' I got two words for that - 'Who cares?' Care about them? Why? They didn't care about you. They sucked you dry. You have no responsibility to them. For the last ten years, this company bled your money. Did this community ever say, 'We know times are tough. We'll lower taxes, reduce water and sewer.' Check it out: You're paying twice what you did ten years ago. And our devoted employees, who have taken no increases for the past three years, are still making twice what they made ten years ago. And our stock - one-sixth of what it was ten years ago. 'Who cares?' I'll tell ya -- Me.
I'm not your best friend. I'm your only friend. I don't make anything. I'm makin' you money. And lest we forget, that's the only reason any of you became stockholders in the first place. You wanna make money! You don't care if they manufacture wire and cable, fried chicken, or grow tangerines! You wanna make money! I'm the only friend you've got. I'm makin' you money. Take the money. Invest it somewhere else. Maybe, maybe you'll get lucky and it'll be used productively. And if it is, you'll create new jobs and provide a service for the economy and, God forbid, even make a few bucks for yourselves. And if anybody asks, tell 'em ya gave at the plant.
And by the way, it pleases me that I'm called 'Larry the Liquidator.' You know why, fellow stockholders? Because at my funeral, you'll leave with a smile on your face and a few bucks in your pocket. Now that's a funeral worth having!"
More than KK... it reminds of KQ. The salaries have increased 2x, 3x, 5x when titus naikuni started as CEO. Including his pay. The share price is 11/- AFTER all the inflation since 2003. I think it was 8/- when he became CEO. One would have made more in a Savings Account. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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KenolKobil FY 2012 substrata loss of 9b!
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