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KENOL KOBIL .... 2012
Cde Monomotapa
#501 Posted : Sunday, May 13, 2012 4:39:32 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Big up Segman for excellent Investor Relations. Makes you feel a part of KK Family -- good & bad times smile
VituVingiSana
#502 Posted : Sunday, May 13, 2012 5:28:44 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,351
Location: Nairobi
So 6 & 2 (extension) weeks from the announcement date for the completion of the Due Diligence.

Hopefully, CMA plays ball & provides all the necessary approvals before the 8 weeks are up. Or gives them soon thereafter. Add 2 weeks.

As it stands only the key s/holders are selling out but if CMA gives the OK, then Puma can present a Takeover Plan for minority s/holders. Add 1 week.

An EGM will have to be held to approve the 'Takeover' & requires a 3-week notice, then the necessary documentation (2 weeks) thereafter 3 weeks of the 'acceptance' period. Add 2 weeks to compile, report it to CMA & announce it after CMA's approval.

Payment would be 2 weeks from that date by Deloitte.

Add 1 week for delays.

EFT/Chq/RTGS in 24 weeks [6 months] but before XMas 2012 Pray Pray Pray
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
VituVingiSana
#503 Posted : Sunday, May 13, 2012 5:49:10 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,351
Location: Nairobi
If you read the Annual Report [Chairman's statement as well as the Comprehensive Income Statement] it was already mentioned that KEKE was out KES 1.5bn (PAT) in Forex Hedges.

During the AGM [watch it online] they said they had stopped forex hedging for the moment. Many firms bought forwards when the KES was dropping daily due to poor mismanagement by the CBK & Treasury.

There was something about 'loss on a Cargo' I did not understand. Or what the loss is going to be.

S/holders may 'lose' an interim dividend for 1H 2012 if the profits are not there. Let's assume it is KES 0.50 (or earnings of KES 1/-) for the 1H.

What does this mean? Existing s/holders will get KES 1/- less (Puma or no Puma) than if there was no hedging loss but if Puma pays a nice premium then s/holders can still get a good profit in 6 months.

My assumption is Puma will pay (at least) 17/- thus 4.50 above the last traded price (12.50) which is a 35% premium.

There is good chance it will be north of KES 20/- but a maximum of 25/-.

Information borrowed from:

http://coldtusker.blogsp...enolkobil-takeover.html
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
QW25091985
#504 Posted : Sunday, May 13, 2012 7:22:02 PM
Rank: User

Joined: 1/24/2012
Posts: 1,675
Location: In Da Hood
Cde Monomotapa wrote:
Big up Segman for excellent Investor Relations. Makes you feel a part of KK Family -- good & bad times smile



its like breaking a girls heart and taking flowers with you to tell her sorry ! Segman must be a gud lover. Not wanting to loss his lover - the shareholders.
Romance 101 .
BGL
#505 Posted : Sunday, May 13, 2012 8:55:13 PM
Rank: Veteran

Joined: 10/11/2009
Posts: 1,223
KenolKobil offers CEO shares worth Sh250m
http://www.businessdaily...1/-/13ufgor/-/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
Cde Monomotapa
#506 Posted : Sunday, May 13, 2012 9:01:26 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
[quote=BGL]KenolKobil offers CEO shares worth Sh250m
http://www.businessdaily.../-/13ufgor/-/index.html[/quote]
nkt! Is this news really? SMH
QW25091985
#507 Posted : Sunday, May 13, 2012 9:22:42 PM
Rank: User

Joined: 1/24/2012
Posts: 1,675
Location: In Da Hood
[quote=BGL]KenolKobil offers CEO shares worth Sh250m
http://www.businessdaily.../-/13ufgor/-/index.html[/quote]

feeding the fantasies
Cde Monomotapa
#508 Posted : Sunday, May 13, 2012 9:48:11 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
QW25091985 wrote:
[quote=BGL]KenolKobil offers CEO shares worth Sh250m
http://www.businessdaily.../-/13ufgor/-/index.html[/quote]

feeding the fantasies

Manze...the ESOP was passed & approved a long time ago! Laughing out loudly Laughing out loudly
mwekez@ji
#509 Posted : Sunday, May 13, 2012 10:32:13 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
Cde Monomotapa wrote:
QW25091985 wrote:
BGL wrote:
KenolKobil offers CEO shares worth Sh250m
http://www.businessdailyafrica....1/-/13ufgor/-/index.html .


feeding the fantasies

Manze...the ESOP was passed & approved a long time ago! Laughing out loudly Laughing out loudly


Laughing out loudly Laughing out loudly Laughing out loudly @BGL has just noticed how huge the figures are
mwekez@ji
#510 Posted : Sunday, May 13, 2012 10:42:56 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
Ati H1 profits will drop but profits will see new heights if the takeover goes through. An indirect way of telling us to just sell this thing to the 'better hands'. NKT
259 Pages«<4950515253>»
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