KENOL/KOBIL - Page 81 - Stocks - Wazua

Welcome Guest

KENOL/KOBIL

Options

Previous Topic · Next Topic

VituVingiSana		#801 Posted : Tuesday, September 28, 2010 1:01:36 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,371 Location: Nairobi		@mwanahisa is correct... Shell, BP (now part of Shell) & Caltex wanted to SHUT DOWN the Refinery! Which meant a complete write-off except as scrap... (well the Tanks & Land would have value)... That Essar came in to buy their share of KPRL was a godsend! Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
Back to top		\|
User Profile

VituVingiSana		#802 Posted : Tuesday, September 28, 2010 1:05:49 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,371 Location: Nairobi		Sasha wrote: @VVS: Your understanding of locus standii is correct. However, if the same actions/inactions are meted out on another individual in the same manner, and this other individual does not find it necessary to take legal action against these actions, then you do not have locus standii. I wanted to use another analogy here but you may dismiss it as stupid so I leave it there! I apologize. Please go ahead. The reason I was not comfy with your analogy was my understanding that unlike KK you have the RIGHT to get off the Ma3. That said, you on the Ma3 are in the same position as KK... mafia-like behavior of the manamba (MoE)... means you can't get off even if it is in your best interest! So ignoring my 'stupid analogy' comment... please elaborate... Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
Back to top		\|
User Profile

VituVingiSana		#803 Posted : Tuesday, September 28, 2010 1:10:26 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,371 Location: Nairobi		Sasha wrote: @VVS: Your understanding of locus standii is correct. However, if the same actions/inactions are meted out on another individual in the same manner, and this other individual does not find it necessary to take legal action against these actions, then you do not have locus standii. No way! It is incumbent on YOU to enforce/prove your Right to the Action aka Locus Standi. Otherwise, no-one will have Locus Standi in any situation if s/he is the first to take legal action. If I do not pay my creditors & none except one sues me, s/he does not LOSE the right (Locus Standi) to sue me just coz the others did not! Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
Back to top		\|
User Profile

VituVingiSana		#804 Posted : Tuesday, September 28, 2010 1:12:13 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,371 Location: Nairobi		the deal wrote: I dont understand all all this cat & mouse games, i thought maybe the shanangans were dead & buried so i will never buy any Kenyan OMC shares... You should stick with Namibian shares... There is a saying... If you can't stand the heat, get out of the kitchen! Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
Back to top		\|
User Profile

VituVingiSana		#805 Posted : Tuesday, September 28, 2010 1:16:10 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,371 Location: Nairobi		My gut tells me that nyoike did not tell us the whole truth... Or he mispoke... Or he was conned by his juniors... Or mutua being there rubbed off on nyoike... KK is careful... The Press Release must have gone through their lawyers... KK mentioned what Nyoike said about getting access to KPRL but avoided the mention of money or settlement with KPRL... KK did specify that they signed a new agreement with KPC but they still want the 4bn they were awarded... Note, that the 'media' did not report on KK-KPC but on KK-KPRL... I think there are different scripts here & I will accept KK's coz it is in writing! Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
Back to top		\|
User Profile

Sasha		#806 Posted : Tuesday, September 28, 2010 1:25:02 PM
Rank: Veteran Joined: 9/5/2007 Posts: 627		@VVS: The analogy I wanted to use is suppose you have an office near Jevanjee Gardens and there is those loud and noisy preachers nearby. If you go to court alone without the backing of office people with offices in the vicinity, you would lose the case because you do not have locus standii. Your neighbours are also exposed to the same noise and have not taken any action, so you cannot prove that you would be 'harmed' more than them! In the same vein, the other OMCs are paying the new rates, are exposed to the same inefficiencies by KPRL but did not find it necessary to take legal action against them. But on reading your last post, I'm inclined to revisit my practice notes. I'm beginning to question whether the issue of locus standii applies in civil matters!
Back to top		\|
User Profile

VituVingiSana		#807 Posted : Tuesday, September 28, 2010 1:41:53 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,371 Location: Nairobi		Sasha wrote: @VVS: The analogy I wanted to use is suppose you have an office near Jevanjee Gardens and there is those loud and noisy preachers nearby. If you go to court alone without the backing of office people with offices in the vicinity, you would lose the case because you do not have locus standii. Your neighbours are also exposed to the same noise and have not taken any action, so you cannot prove that you would be 'harmed' more than them! In the same vein, the other OMCs are paying the new rates, are exposed to the same inefficiencies by KPRL but did not find it necessary to take legal action against them. But on reading your last post, I'm inclined to revisit my practice notes. I'm beginning to question whether the issue of locus standii applies in civil matters! It does. This is a common item in insurance matters. Generally, you can't insure a 3rd party. So if I am not related to you, not an employer, not a dependent, not a vendor/client... I can't insure you... Rather I can't 'gain/earn' a payout from insuring you... Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
Back to top		\|
User Profile

mwanahisa		#808 Posted : Tuesday, September 28, 2010 2:22:11 PM
Rank: Elder Joined: 6/2/2008 Posts: 1,438		Another chance to BUY Kenol is on the horrizon. Bids are at 9.95 and they are quite few. Opportunity calls.
Back to top		\|
User Profile

alikujia		#809 Posted : Tuesday, September 28, 2010 3:38:02 PM
Rank: Member Joined: 5/27/2010 Posts: 324 Location: nrb		Sasha wrote: @VVS: The analogy I wanted to use is suppose you have an office near Jevanjee Gardens and there is those loud and noisy preachers nearby. If you go to court alone without the backing of office people with offices in the vicinity, you would lose the case because you do not have locus standii. Your neighbours are also exposed to the same noise and have not taken any action, so you cannot prove that you would be 'harmed' more than them! In the same vein, the other OMCs are paying the new rates, are exposed to the same inefficiencies by KPRL but did not find it necessary to take legal action against them. But on reading your last post, I'm inclined to revisit my practice notes. I'm beginning to question whether the issue of locus standii applies in civil matters! Is "locus standi" so punitive?
Back to top		\|
User Profile

youcan'tstopusnow		#810 Posted : Tuesday, September 28, 2010 10:50:28 PM
Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa		Small oil firms eat into market share of majors www.businessdailyafrica....0/-/jk94k9z/-/index.html GOD BLESS YOUR LIFE
Back to top		WWW \|
User Profile

238 Pages«<7980818283>»

Wazua » Investor » Stocks » KENOL/KOBIL

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.

Watch this topic
Print this topic

Normal
Threaded