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KENOL KOBIL .... 2012
Rank: Chief Joined: 5/31/2011 Posts: 5,121
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PKoli wrote:youcan'tstopusnow wrote:The rollercoaster continues with VWAP now at 15.50 The demand was really huge. ... and the foreign sellers were absent. I see like they keep appearing on alternate days. Lets see today Note that kk counter traded a mere 55,800 shares yesterday ... The rollercoaster continues
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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mwekez@ji wrote:PKoli wrote:youcan'tstopusnow wrote:The rollercoaster continues with VWAP now at 15.50 The demand was really huge. ... and the foreign sellers were absent. I see like they keep appearing on alternate days. Lets see today Note that kk counter traded a mere 55,800 shares yesterday ... The rollercoaster continues @Mwekez@ji, I am not able to see the nature of buyers and sellers, how are the foreign participation today?
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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PKoli wrote:mwekez@ji wrote:PKoli wrote:youcan'tstopusnow wrote:The rollercoaster continues with VWAP now at 15.50 The demand was really huge. ... and the foreign sellers were absent. I see like they keep appearing on alternate days. Lets see today Note that kk counter traded a mere 55,800 shares yesterday ... The rollercoaster continues @Mwekez@ji, I am not able to see the nature of buyers and sellers, how are the foreign participation today? So far, there are no foreigners. I remember there is a day they come in at the last minutes. I'll give you a shout if i see them
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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mwekez@ji wrote:PKoli wrote:mwekez@ji wrote:PKoli wrote:youcan'tstopusnow wrote:The rollercoaster continues with VWAP now at 15.50 The demand was really huge. ... and the foreign sellers were absent. I see like they keep appearing on alternate days. Lets see today Note that kk counter traded a mere 55,800 shares yesterday ... The rollercoaster continues @Mwekez@ji, I am not able to see the nature of buyers and sellers, how are the foreign participation today? So far, there are no foreigners. I remember there is a day they come in at the last minutes. I'll give you a shout if i see them Thanks
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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PKoli wrote:Where did the figure of 25 billion being reported by newspapers as the buyout for KK come from? I think they are getting the 25 Billion valuation from Kestrel's >300 million dollar valuation. earthvoice wrote:Abstracted from the KenolKobil Update - Cautionary Statement on Potential Take-over (issued by Kestrel Capital)
Potential deal size and expected take-over premium
Assuming Puma Energy will launch a Take-over bid for the entire shareholding of the company, the deal size could be more than USD 300m in absolute terms versus KenolKobil’s current market value of approximately USD 220m. Our expectation is that all shareholders of the company would be offered the same Take-over price on substantially the same terms. Our most recent fair value estimate on KenolKobil was KES 17.50 and consensus estimates are also around this level GOD BLESS YOUR LIFE
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Fuel marketers ignore ERC on new price caps http://www.businessdaily...0/-/g9h2mi/-/index.html
Ukiona hivyo, jua times must REALLY be tough in the industry! GOD BLESS YOUR LIFE
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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One of them said they stocked up before the price announcement. If the Independents want to speculate, then they should pay the price. Unfortunately, the Brent Oil prices are increasing ($108 from $92) so the aggressive reduction by ERC will be substantially reversed in August. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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Wasn't the due diligence ending today or 2moro? "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
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Kestrel is Biwott and Kenol Kobil is also the same owner selling the company. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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VituVingiSana wrote:One of them said they stocked up before the price announcement. If the Independents want to speculate, then they should pay the price. Unfortunately, the Brent Oil prices are increasing ($108 from $92) so the aggressive reduction by ERC will be substantially reversed in August. I'm concerned at how strongly the oil prices have rebounded. Not a good sign for any market & econ when oil prices get volatile... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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mlennyma wrote:Wasn't the due diligence ending today or 2moro? Due diligence process was expected to take 6 weeks with possible extension of 2 weeks if required. The process kicked off on 8th May so the 6 + 2 weeks are already done but silence abound
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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Any smoke? "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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mwekezaji, we are not yet out of the woods. "It has also emerged that Puma Energy is yet to make its application to the capital markets regulator, which refused to comment on the deal on grounds that it is yet to receive the takeover application.'' http://www.nation.co.ke/.../-/4769ubz/-/index.html
GOD BLESS YOUR LIFE
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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hisah wrote:VituVingiSana wrote:One of them said they stocked up before the price announcement. If the Independents want to speculate, then they should pay the price. Unfortunately, the Brent Oil prices are increasing ($108 from $92) so the aggressive reduction by ERC will be substantially reversed in August. I'm concerned at how strongly the oil prices have rebounded. Not a good sign for any market & econ when oil prices get volatile... It will be nasty. The rise in oil prices has been sudden and 20+% ($89 in June to $109 in July) 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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youcan'tstopusnow wrote:mwekezaji, we are not yet out of the woods. "It has also emerged that Puma Energy is yet to make its application to the capital markets regulator, which refused to comment on the deal on grounds that it is yet to receive the takeover application.'' http://www.nation.co.ke/.../-/4769ubz/-/index.html
Holding this counter in this period comes with a high beta/risk. The risk return principle will hold true. Good return will come or otherwise. Closely watching the volumes which would mostly reveal the news that have not leaked to the public
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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mwekez@ji wrote:youcan'tstopusnow wrote:mwekezaji, we are not yet out of the woods. "It has also emerged that Puma Energy is yet to make its application to the capital markets regulator, which refused to comment on the deal on grounds that it is yet to receive the takeover application.'' http://www.nation.co.ke/.../-/4769ubz/-/index.html
Holding this counter in this period comes with a high beta/risk. The risk return principle will hold true. Good return will come or otherwise. Closely watching the volumes which would mostly reveal the news that have not leaked to the public Kwani, unaongea like Rich? ... Translate the above into English! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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At what point should the regulator be informed during the process. Some one who understands the entire process up to full acquisition, kindly post the process.
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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mlennyma wrote:Any smoke? Demand for this stock is strong today, we are currently ar 0.5M against 0.2M supply.
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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PKoli wrote:At what point should the regulator be informed during the process. Some one who understands the entire process up to full acquisition, kindly post the process. VVS once posted... GOD BLESS YOUR LIFE
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Rank: Member Joined: 4/14/2011 Posts: 639
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PKoli wrote:[quote=mlennyma]Any smoke? Demand for this stock is strong today, we are currently ar 0.5M against 0.2m Company Name :KENO.O0000 - Open Orders on the Market (Live Data Feed) Orders on the NORMAL BOARD Bids(Buy Orders) Total Bids - -601,700 Price Points 100,000 shares at 15.85 18,700 shares at 15.80 46,300 shares at 15.70 64,000 shares at 15.65 100,000 shares at 15.00 10,000 shares at 14.90 205,200 shares at 14.10 Asks(Sell Orders) Total Asks - - 158,400 Price Points 10,600 shares at 16.20 7,000 shares at 16.45 59,600 shares at 17.00
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