wazua Thu, Apr 23, 2026
Welcome Guest Search | Active Topics | Log In

238 Pages«<7576777879>»
KENOL/KOBIL
Options
Previous Topic · Next Topic
Bettertry
#761 Posted : Friday, September 24, 2010 2:38:05 PM
Rank: Member

Joined: 9/19/2010
Posts: 237
Location: Republic of Graham & Doddsville
Is it possible that Nyoike na genge yake feared to resolve the dispute with KK under the English abitration act coz they knew they stood no chance of winning going that way?
We Will Either Find a Way or Create One - HANNIBAL
Back to top
WWW
  |
Mpenzi
#762 Posted : Friday, September 24, 2010 2:49:11 PM
Rank: Veteran

Joined: 10/17/2008
Posts: 1,234
@Betterfly

It matters not who feared what - commercial disputes are best resolved out of the courts/arbitration processes.
Back to top
  |
Gordon Gekko
#763 Posted : Friday, September 24, 2010 2:49:52 PM
Rank: Elder

Joined: 5/27/2008
Posts: 3,760
alikujia wrote:
As much as we admire Segman's stamina, i think this thing could have easily gone fatal businesswise. We should not encourage this man to continue holding the board chairmanship while still CEO. humans have some very natural personal egos which at times can be very risky.

you see, if youve to beat a retreat, it's usually easier for someone else to do it for you.



@alikujia,It's the eye of the tiger, it's the cream of the fight, rising up to the challenge of our rival, And the last known survivor stalks his prey in the night And he's watching us all in the eye of the tiger
Back to top
  | | Edit by user: Friday, September 24, 2010 3:42 PM | Reason: Not specified
Horton
#764 Posted : Friday, September 24, 2010 5:47:35 PM
Rank: Veteran

Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
OK....im not sure if everyone here read the same article i did, but on reuters, they said refinery row is resolved and KK, will be paying the 600M in arrears and drop all the charges.lets think about this:

1. They should have done this a long time ago....costs of business lost...pretty silly from KK. Im sure they lost alot more than 600m in this petty standoff...this was a fight they were never going to win, I estimate the losses from this to be just shy of 1B(factoring in the 600M paid) So factor about that much out of their pre tax... .very poor show!!!
2. Ermm...people u do understand that They actually lost this?!??! coz they paid off KPRL( as some people here refer to these guys as the "evil ones") and they have to drop all law suits pertaining to KPRL....there goes VVS's more to gain, less to lose theory...


There are better priced counters than KK that are doing the right kinda business and not getting all "political" . I think 10bob is just about the right price for it...i personally wouldnt pay 10 for it, no margin of safety..again jes my opinion....
Back to top
  | | Edit by user: Friday, September 24, 2010 5:49 PM | Reason: Not specified
2012
#765 Posted : Friday, September 24, 2010 6:01:11 PM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
Horton wrote:

2. Ermm...people u do understand that They actually lost this?!??! coz they paid off KPRL( as some people here refer to these guys as the "evil ones") and they have to drop all law suits pertaining to KPRL.


@Horton, you mean KK has dropped all matters against KPRL including the dispute they forwarded for resolution to the English High Court in London?

BBI will solve it :)
Back to top
  | | Edit by user: Friday, September 24, 2010 6:02 PM | Reason: Not specified
youcan'tstopusnow
#766 Posted : Friday, September 24, 2010 6:21:29 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
2012, this statement will tell you everything you need to know. www.kenolkobil.com/home/...8614d80af76afeefef9476cf
GOD BLESS YOUR LIFE
Back to top
WWW
  |
the deal
#767 Posted : Friday, September 24, 2010 6:33:25 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
youcan'tstopusnow wrote:
2012, this statement will tell you everything you need to know. www.kenolkobil.com/home/...8614d80af76afeefef9476cf


It was a useless war fought by Segman & Co...ofcourse it has ended in a crunching defeat...theyre now paying 600M...then have to pay the new tarrifs in the 2H...making the 1H results useless
Back to top
  |
youcan'tstopusnow
#768 Posted : Friday, September 24, 2010 6:57:34 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
deal, The maximum period it will take to get products is one hour after paying of taxes, from 4 days. The ministry is also holding negotiations with Treasury to have the period in which KPC can hold products reduced from 30 days to 15 days to. How useless is that?
GOD BLESS YOUR LIFE
Back to top
WWW
  |
VituVingiSana
#769 Posted : Friday, September 24, 2010 7:02:36 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,371
Location: Nairobi
1)Do you guys READ what KK says in its carefully worded statements?
2)Should I translate KK's statement www.kenolkobil.com/home/...8614d80af76afeefef9476cf for you into vernacular?

I read the latest Press Release from KK and NOWHERE does it address that KK has settled with KPRL... nor say it will pay KPRL the new rates... nor does it say it will withdraw the Arbitration in London...

All it talks of is a new agreement with KPC... but the LAWSUITS have NOT been withdrawn against KPC...

So I challenge @Horton & @thedeal to prove me wrong!

In fact, KK makes it clear that there seems be mis-reporting by the media... "Management does not wish to comment on the level of accuracy of some reports in yesterday’s electronic media and/or today’s printed media."

Kweli... kuongea ni bure...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Back to top
  | | Edit by user: Friday, September 24, 2010 7:03 PM | Reason: Not specified
VituVingiSana
#770 Posted : Friday, September 24, 2010 7:05:22 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,371
Location: Nairobi
youcan'tstopusnow wrote:
2012, this statement will tell you everything you need to know. www.kenolkobil.com/home/...8614d80af76afeefef9476cf
Wachana na hawa... Sore losers! There is a disconnect between what media reported nyoike said vs what KK said in WRITING... Where is nyoike's WRITTEN explanation?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Back to top
  |
238 Pages«<7576777879>»
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Wazua Investor Theme
Powered by YAF | YAF © 2003-2009, Yet Another Forum.NET
Copyright © 2026 Wazua.co.ke. All Rights Reserved.