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KENOL/KOBIL
VituVingiSana
#781 Posted : Monday, September 27, 2010 1:09:58 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,371
Location: Nairobi
@not-so-sure-alligator:

KK was awarded the 4.6bn (less 1.2bn counterclaim... I think) against KPC not KPRL...

There is an arbitration hearing pending against KPRL probably in the range of 2-4 billion... I wish KK wins that one too!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
BGL
#782 Posted : Monday, September 27, 2010 7:22:33 PM
Rank: Veteran

Joined: 10/11/2009
Posts: 1,223
KK should just pay this 600mn, forget about it and move on. But i think Segman likes this game and i will not be surprised if he negates the whole thing and moves to a UK court.

http://www.nation.co.ke/...90/-/wsntmd/-/index.html
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
VituVingiSana
#783 Posted : Monday, September 27, 2010 7:35:57 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,371
Location: Nairobi
[quote=BGL]KK should just pay this 600mn, forget about it and move on. But i think Segman likes this game and i will not be surprised if he negates the whole thing and moves to a UK court.

http://www.nation.co.ke/...0/-/wsntmd/-/index.html[/quote]WHAT??? Then all the fighting would be for naught?

KK should NOT give up!
- Continue to pursue KPRL in the UK.
- Hopefully, KK wins.
- A KK win will BANKRUPT the lousy KPRL. [Yoo Hoo!]
- KK can then take over KPRL's assets.
- KK can dismantle & sell the refinery for scrap! Keep the tanks/storage!

- Hopefully KPC loses the appeal.
- KK takes over KPC [Yes!]
- KK takes over the Pipeline + Storage
- KK rules the Oil Industry in Kenya

And I become RICH...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
BGL
#784 Posted : Monday, September 27, 2010 7:47:06 PM
Rank: Veteran

Joined: 10/11/2009
Posts: 1,223
VituVingiSana wrote:
[quote=BGL]KK should just pay this 600mn, forget about it and move on. But i think Segman likes this game and i will not be surprised if he negates the whole thing and moves to a UK court.

http://www.nation.co.ke/...0/-/wsntmd/-/index.html[/quote]WHAT??? Then all the fighting would be for naught?

KK should NOT give up!
- Continue to pursue KPRL in the UK.
- Hopefully, KK wins.
- A KK win will BANKRUPT the lousy KPRL. [Yoo Hoo!]
- KK can then take over KPRL's assets.
- KK can dismantle & sell the refinery for scrap! Keep the tanks/storage!

- Hopefully KPC loses the appeal.
- KK takes over KPC [Yes!]
- KK takes over the Pipeline + Storage
- KK rules the Oil Industry in Kenya

And I become RICH...


Wishful thinking. It reminds me of Mr Hellon and Larry King Live beaming live from Runda. It is a classic example of wishful thinking and it remained so to this date.
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
VituVingiSana
#785 Posted : Monday, September 27, 2010 8:44:16 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,371
Location: Nairobi
BGL wrote:
VituVingiSana wrote:
[quote=BGL]KK should just pay this 600mn, forget about it and move on. But i think Segman likes this game and i will not be surprised if he negates the whole thing and moves to a UK court.

http://www.nation.co.ke/...0/-/wsntmd/-/index.html[/quote]WHAT??? Then all the fighting would be for naught?

KK should NOT give up!
- Continue to pursue KPRL in the UK.
- Hopefully, KK wins.
- A KK win will BANKRUPT the lousy KPRL. [Yoo Hoo!]
- KK can then take over KPRL's assets.
- KK can dismantle & sell the refinery for scrap! Keep the tanks/storage!

- Hopefully KPC loses the appeal.
- KK takes over KPC [Yes!]
- KK takes over the Pipeline + Storage
- KK rules the Oil Industry in Kenya

And I become RICH...


Wishful thinking. It reminds me of Mr Hellon and Larry King Live beaming live from Runda. It is a classic example of wishful thinking and it remained so to this date.

Well... we shall see... I am investor in KK & have a very good feeling!

I have said I expect a price (incl dividends) of 20/- by Sep 2013...

KK is well-managed by a competent group including the smart CEO...

Personally, I don't really care whether KK ends up owning KPRL & KPC but I would LOVE to get my hands on the cash!!!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
VituVingiSana
#786 Posted : Monday, September 27, 2010 8:45:52 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,371
Location: Nairobi
[quote=BGL]KK should just pay this 600mn, forget about it and move on. But i think Segman likes this game and i will not be surprised if he negates the whole thing and moves to a UK court.

http://www.nation.co.ke/...0/-/wsntmd/-/index.html[/quote]
I hope KK does not withdraw the lawsuit/arbitration unless KK is paid off! And I support Segman 100%...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
VituVingiSana
#787 Posted : Tuesday, September 28, 2010 9:04:17 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,371
Location: Nairobi
WTF is this bullshit?

http://www.nation.co.ke/.../-/312k2yz/-/index.html

KPRL might not upgrade leaving us to pay for their lousy inefficient processing 1960s technology!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Sasha
#788 Posted : Tuesday, September 28, 2010 10:10:39 AM
Rank: Veteran

Joined: 9/5/2007
Posts: 627
First of all, I am a shareholder of KK and I want as much as the next person for KK to win all these battles! But I feel that they are fighting a losing battle on all fronts.

1. There is no doubt of the inefficiencies at KPRL and KPC, and KK may have lost business as a result of this. Why then have the other OMCs not been enjoined in the case? Is it only KK that has lost business because of these inefficiencies? Issues of locus standii emerge here!

2. If a commuter was travelling in a matatu, and the matatu was being driven carelessly and slowly, does that commuter have the right to refuse to pay the fare while all other commuters pay? As such, does KK have the right to refuse to pay the new rates while other OMCs are paying the same rates?

I just wish they would settle. KK to pay the outstanding fees in steeped payments, a new processing agreement is signed, and business returns to normal!
mlennyma
#789 Posted : Tuesday, September 28, 2010 10:29:08 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
This topic is aged and can now rest in peace....AMEN
"Don't let the fear of losing be greater than the excitement of winning."
VituVingiSana
#790 Posted : Tuesday, September 28, 2010 10:49:16 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,371
Location: Nairobi
Sasha wrote:
First of all, I am a shareholder of KK and I want as much as the next person for KK to win all these battles! But I feel that they are fighting a losing battle on all fronts.

1. There is no doubt of the inefficiencies at KPRL and KPC, and KK may have lost business as a result of this. Why then have the other OMCs not been enjoined in the case? Is it only KK that has lost business because of these inefficiencies? Issues of locus standii emerge here!

2. If a commuter was travelling in a matatu, and the matatu was being driven carelessly and slowly, does that commuter have the right to refuse to pay the fare while all other commuters pay? As such, does KK have the right to refuse to pay the new rates while other OMCs are paying the same rates?

I just wish they would settle. KK to pay the outstanding fees in steeped payments, a new processing agreement is signed, and business returns to normal!

1) The other OMCs (Shell & Total) have complained but only KK went all out to challenge the crooks at MoE, KPRL, KPC. Kenya does not have a Class Action suit tradition so even though the others may not be enjoined today, if KK wins, I bet they will go after KPRL using the basis of Precedent. Therefore KPRL (& by extension GoK) has a vested interest in not letting KK 'win' by any means necessary.

KK has Locus Standi since it will be 'harmed' if KPRL increases fees unilaterally & against the provisions in the Processing Agreement.

2) You have to be kidding. That is the stupidest analogy I have read!

When KarenGata Assoc said we will NOT pay Land Rates to City Council of Nairobi for lack (or poor level) of services, they were taken to Court. KA won even though 'all the others' including residents of Kilimani, CBD, Eastleigh, Parklands, Doonholm, Imara, etc were paying the Rates!

The Court agreed that since CCN did not fulfil its part of the 'Agreement' i.e. provide a minimum 'quality' of services, KarenGata need not pay the Rates.

KPRL has failed KK. Poor quality fuels (high sulfur). Low yields of White Oils. Supply bottlenecks.

You have the RIGHT to get off the matatu if you feel you do not get value. KK is happy to tell KPRL to f**k off! And they will if allowed.

Just coz everyone around you is jumping off a cliff does not mean you should. If you do coz they do, then it can only help the gene pool.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
238 Pages«<7778798081>»
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