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KENOL KOBIL .... 2012
selah
#381 Posted : Wednesday, May 09, 2012 11:51:35 AM
Rank: Elder

Joined: 10/13/2009
Posts: 1,950
Location: in kenya
If this buyout turns positive and like Unilever buyout the rest of the shareholders at a premium then I see pple turning into instant millionaires imagine if they are to buy the shares @24/= translating roughly to 35B which i think is fair given that total KK assets is above 45B.
'......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
Impunity
#382 Posted : Wednesday, May 09, 2012 11:57:10 AM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
mlennyma wrote:
Impunity


Hello!
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.

the deal
#383 Posted : Wednesday, May 09, 2012 11:58:55 AM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
VituVingiSana
#384 Posted : Wednesday, May 09, 2012 12:03:52 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,350
Location: Nairobi
jerry wrote:
Aguytrying wrote:
cnn wrote:
And where is the official communication on the suspension of trading and the reasons for the same,i have read none.


They should offer official communication of the same. They shouldn't keep shareholders guessing.

I'm happy to have exited at 12.60 cum dividend. I have uncertainties in situations I've no control of.
Good for you. Makes sense though there are opportunities too in uncertainty smile
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
cnn
#385 Posted : Wednesday, May 09, 2012 12:16:14 PM
Rank: Veteran

Joined: 6/17/2009
Posts: 1,627
Press release on suspension is on the NSE website.

And here you can read the said section 22 b..http://www.cma.or.ke/index.php?option=com_docman&task=cat_view&gid=7
mtotana
#386 Posted : Wednesday, May 09, 2012 12:28:11 PM
Rank: Member

Joined: 3/14/2009
Posts: 66
copy-from nse website

For Immediate Release
May 9th 2012: SUSPENSION FROM TRADING OF THE SHARES FOR KENOL KOBIL LIMITED

We refer to the Cautionary Statement dated May 8 2012, released by Kenol Kobil Limited. The Cautionary Statement confirms the signing of an exclusive agreement between the key shareholders of KenolKobil Limited and Puma Energy for the sale of their majority shareholdings in KenolKobil Limited. The Cautionary Statement also states that should the transaction proceed, Puma Energy would comply with the requirements of the regulations under the Capital Markets Act, and contemplates making a Take-Over offer to acquire all the shares in the Company in accordance with those regulations.
The Nairobi Securities Exchange (NSE) in consultation with the Capital Markets Authority has therefore suspended trading of the securities.
This is pursuant to the provision 22(b) of the Capital Markets (Securities) (Public Offers, Listings and Disclosures) Regulations 2002.
Cde Monomotapa
#387 Posted : Wednesday, May 09, 2012 12:43:56 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Impunity wrote:
mlennyma wrote:
Impunity


Hello!

Laughing out loudly Laughing out loudly Laughing out loudly
Cde Monomotapa
#388 Posted : Wednesday, May 09, 2012 12:48:37 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
youcan'tstopusnow wrote:
Dividend payment is scheduled for Monday...

\o/ \o/
Sufficiently Philanga....thropic
#389 Posted : Wednesday, May 09, 2012 12:48:44 PM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
youcan'tstopusnow wrote:
Sufficiently Philanga....thropic wrote:

Remember 2007 early when the same story was in the press on CFC bank. The closing price before the material announcement was about Ksh.134. The following day,ati someone sold/bought some 12,500 shares at 900!Laughing out loudly

Si wangewacha tu ata mimi ningeuzia kamtu KK at 50 bobLaughing out loudly

Enyewe,today was going to be that day my plans for a kaplot huko kwa masurburbs(Read Karen) would have been actualised!smile
It seems like it's not yet Uhuru!Laughing out loudly
@SufficientlyP
Cde Monomotapa
#390 Posted : Wednesday, May 09, 2012 12:50:37 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
youcan'tstopusnow wrote:
YAAAWN!!! Seems we are back to discussing Equity and KCB...


ROOOAARR!!! smile
259 Pages«<3738394041>»
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