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Is NOCK buying Kenol Kobil?
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selah
#1 Posted : Tuesday, May 14, 2013 9:57:23 AM
Rank: Elder


Joined: 10/13/2009
Posts: 1,950
Location: in kenya
I have read in the Star(Forgive me for this)today That Nock in a secret 25.5B deal codenamed 'Operation Chui' is in the process of buying a big local retailer with more than 160 service stations and numerous storage facilities.I am suspecting KK if the story has any truth to it.
'......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
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mlennyma
#2 Posted : Tuesday, May 14, 2013 10:04:43 AM
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Joined: 7/21/2010
Posts: 6,183
Location: nairobi
Nock is gava,and can negotiate the pending cases well,if true you cant rule out surbotage by gvt in pumas deal.
"Don't let the fear of losing be greater than the excitement of winning."
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MoneyMonger
#3 Posted : Tuesday, May 14, 2013 10:11:27 AM
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Joined: 4/25/2012
Posts: 110
selah wrote:
I have read in the Star(Forgive me for this)today That Nock in a secret 25.5B deal codenamed 'Operation Chui' is in the process of buying a big local retailer with more than 160 service stations and numerous storage facilities.I am suspecting KK if the story has any truth to it.


Too soon after PUMA exit. Stealth operation indeed, if true. The amount involved is similar to what the PUMA deal was valued at... is GOK trying to ready its tummies for the oil find? lets wait and see.

Link please.
There is nothing as dangerous as an Idea, when there is only one Idea
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cnn
#4 Posted : Tuesday, May 14, 2013 10:23:43 AM
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Joined: 6/17/2009
Posts: 1,619
The market reacts...10.40
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Impunity
#5 Posted : Tuesday, May 14, 2013 10:25:26 AM
Rank: Elder


Joined: 3/2/2009
Posts: 26,328
Location: Masada
MoneyMonger wrote:
selah wrote:
I have read in the Star(Forgive me for this)today That Nock in a secret 25.5B deal codenamed 'Operation Chui' is in the process of buying a big local retailer with more than 160 service stations and numerous storage facilities.I am suspecting KK if the story has any truth to it.


Too soon after PUMA exit. Stealth operation indeed, if true. The amount involved is similar to what the PUMA deal was valued at... is GOK trying to ready its tummies for the oil find? lets wait and see.

Link please.


If true then this would be a show stopper in the Kenyan oils industry...for the first time we will have a national oil company dominating the market in Kenya...much like in countries like Venezuela and Iran.
Any good deal for me wanjiku?
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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VituVingiSana
#6 Posted : Tuesday, May 14, 2013 10:26:18 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,126
Location: Nairobi
As long as it is a fair price. Minimum should be 15 [I have reduced the 'ask' after the hedge & other losses in 2H as well]
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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mawinder
#7 Posted : Tuesday, May 14, 2013 10:31:24 AM
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Joined: 4/30/2008
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mlennyma wrote:
Nock is gava,and can negotiate the pending cases well,if true you cant rule out surbotage by gvt in pumas deal.

I thought the govt embarked on privatisation and this goes against the spirit?I suspect it is the usual gutter.
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MoneyMonger
#8 Posted : Tuesday, May 14, 2013 10:45:05 AM
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Huge volumes, about 2M, sold at 9.50 I want to pretend I am not a believer of coincidence and that someone doesn't know more than we/I do.
There is nothing as dangerous as an Idea, when there is only one Idea
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hisah
#9 Posted : Tuesday, May 14, 2013 10:48:13 AM
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Joined: 8/4/2010
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Volatility of oil stocks. Caution...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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guru267
#10 Posted : Tuesday, May 14, 2013 10:49:20 AM
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Joined: 1/21/2010
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Location: Nairobi
Equivalent to 17.35bob per share!

A 2nd chance to KK shareholders... smile

Mark 12:29
Deuteronomy 4:16
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FUNKY
#11 Posted : Tuesday, May 14, 2013 11:13:35 AM
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Huge trades are being transacted every minute!!
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hisah
#12 Posted : Tuesday, May 14, 2013 11:14:34 AM
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Joined: 8/4/2010
Posts: 8,977
16M shares have traded with an upthrust to 10.40 now reversed down to 9.00. I said a few weeks back 9/- has not yet been properly tested. Tread carefully.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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tis
#13 Posted : Tuesday, May 14, 2013 11:15:59 AM
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Joined: 5/8/2013
Posts: 1
16.8m volume at 9.00 shillings. what is hapening here. is there a likely hood of a deal like cfc?
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mwekez@ji
#14 Posted : Tuesday, May 14, 2013 11:17:46 AM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
hisah wrote:
16M shares have traded with an upthrust to 10.40 now reversed down to 9.00. I said a few weeks back 9/- has not yet been properly tested. Tread carefully.


#Well noted
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VituVingiSana
#15 Posted : Tuesday, May 14, 2013 11:23:10 AM
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Joined: 1/3/2007
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Location: Nairobi
hisah wrote:
16M shares have traded with an upthrust to 10.40 now reversed down to 9.00. I said a few weeks back 9/- has not yet been properly tested. Tread carefully.
Whoa! This is good news for buyers.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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the deal
#16 Posted : Tuesday, May 14, 2013 11:38:57 AM
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Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
VituVingiSana wrote:
hisah wrote:
16M shares have traded with an upthrust to 10.40 now reversed down to 9.00. I said a few weeks back 9/- has not yet been properly tested. Tread carefully.
Whoa! This is good news for buyers.

Interesting...looks like one of the big guys aint done selling yet....but still a buyers stock...Let me put in a bid...
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VituVingiSana
#17 Posted : Tuesday, May 14, 2013 1:35:22 PM
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Joined: 1/3/2007
Posts: 18,126
Location: Nairobi
And KK back to 9.90 and @thedeal must be jumping with joy. Just check the bids. They want 1.87mn shares albeit at lower prices.

BIDS 1.85M
Quantity Price Splits Time
30,500 9.60 2 13:33:01
101,600 9.50 2 13:33:01
1,000 9.40 1 13:33:01
20,100 9.30 3 13:33:01
60,000 9.25 2 13:33:01
ASKS 668,000
Quantity Price Splits Time
98,000 9.90 1 13:33:01
60,700 9.95 2 13:33:01
24,400 10.20 1 13:33:01
150,000 10.30 2 13:33:01
12,400 10.35 3 13:33:01
TRADES
Quantity Price Time
1,000 9.90 13:31:07
500 9.90 13:31:07
500 9.90 13:27:05
700 9.80 13:26:23
463,000 9.50 13:09:05
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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mlennyma
#18 Posted : Tuesday, May 14, 2013 2:26:39 PM
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Joined: 7/21/2010
Posts: 6,183
Location: nairobi
I could have speculated but iam out of cash until ak's fate is known.
"Don't let the fear of losing be greater than the excitement of winning."
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Aguytrying
#19 Posted : Tuesday, May 14, 2013 2:38:22 PM
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Joined: 7/11/2010
Posts: 5,040
From now ill just put an order sub 9.50 and wait even for a month assuming the seller keeps selling. It goes to 9.00 and back to 9.50 in a flash
The investor's chief problem - and even his worst enemy - is likely to be himself
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Kausha
#20 Posted : Tuesday, May 14, 2013 2:40:23 PM
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Joined: 2/8/2007
Posts: 808
Either way and it's well know KK was on the chopping board for 41 bob and PUMA were only offering 29 bob. Surely nobody would be selling KK for 17.35 would there be?

I suspect Star have oil Libya in mind. Highly unlikely KK is being sold this year at least not for 25B. I think KK will want to refocus the business and correct the errors pointed out by PUMA before selling. NOCK have no clue what they do. Kenol is highly rated in the region for having the best understanding of the subsaharan downstream market. Certainly NOCK other than being a national oil company have everything to gain and would have to pay a premium to KK.
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