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Kenol Kobil deal off!
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murchr
#31 Posted : Friday, March 01, 2013 6:17:00 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
And the CEO of the year goes to Segman.....The man knows when to give bad news. Friday afternoon just before market close Applause Applause Applause
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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dunkang
#32 Posted : Friday, March 01, 2013 6:23:00 PM
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
murchr wrote:
And the CEO of the year goes to Segman.....The man knows when to give bad news. Friday afternoon just before market close Applause Applause Applause

Would it have been better if he could just kept quiet?
This Segemnege is causing ulcers to some guys.
Receive with simplicity everything that happens to you.” ― Rashi

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Bettertry
#33 Posted : Friday, March 01, 2013 7:02:57 PM
Rank: Member

Joined: 9/19/2010
Posts: 237
Location: Republic of Graham & Doddsville
Honestly speaking... y r guys here venting it out on Segman??? U guys r making it sound like he's responsible for this deal backfiring and in someway owes u an apology!!! Newsflash... Segman owes u an iota of no apology (in my view) for the failure of this deal going thru. On the other hand (if it's anything 2 console u) what he does owe u is the performance & wellbeing of the underlying biz!!!

On another note... SHUKA CHINI... KEKE... SHUKA CHINI!!!
We Will Either Find a Way or Create One - HANNIBAL
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murchr
#34 Posted : Friday, March 01, 2013 7:12:10 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
Bettertry wrote:
Honestly speaking... y r guys here venting it out on Segman??? U guys r making it sound like he's responsible for this deal backfiring and in someway owes u an apology!!! Newsflash... Segman owes u an iota of no apology (in my view) for the failure of this deal going thru. On the other hand (if it's anything 2 console u) what he does owe u is the performance & wellbeing of the underlying biz!!!

On another note... SHUKA CHINI... KEKE... SHUKA CHINI!!!


Who is venting? The guy is brilliant!
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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VituVingiSana
#35 Posted : Friday, March 01, 2013 7:48:46 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
Do I own KK? Yeah ;-) ... and do I stress sana? No. [Unlike what I did on KQ when I saw a bleak future].

What I want though is a rapid & large drop in price... ;-)
FY 2012 will be a loss-making year thanks to a horrible H1 & possibly a poor H2 (due to volatility in KES, oil prices and & remaining (unwound) forwards (KES & Oil)...

I agree. Segman should release the 2012 results too. Let the market absorb all the news in one go!

Segman: Yes, a bad year though he remains a shareholder (via options). What he needs to do is decisively attack the issues at hand including employee lawsuits, crush KPC & KPRL, kick Total in the nuts over the joint facilities.

2013: Profitable.

2014: KK back on sale.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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mwekez@ji
#36 Posted : Friday, March 01, 2013 9:51:27 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
Wednesday, 27th Feb; Deal was said to be ON
Friday, 1st March; Deal is said to be OFF
Tuesday, 5th March; Kazi iendelee .... I'll be buying any irrational offers Drool
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mwekez@ji
#37 Posted : Friday, March 01, 2013 9:52:59 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
VituVingiSana wrote:


2013: Profitable.

2014: KK back on sale.
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BGL
#38 Posted : Friday, March 01, 2013 10:06:52 PM
Rank: Veteran

Joined: 10/11/2009
Posts: 1,223
the deal wrote:
Interesting now no one on Wazua owns Kenol Kobil apart from me and @VVS and others...Overall the news came at the right time...its a Friday and by the time the market opens next week...it will be either in a foul or in a euphoric state because of the elections...I expect the FY results to be better than the interim report...I dont expect the stock to get a severe beating...downside from the current price is 15-20%.


mimi ni KK damu and i have said CONSISTENTLY that i didn't want this puma courtship. I am a happy man now.
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
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mwekez@ji
#39 Posted : Friday, March 01, 2013 10:22:33 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
KES 12.50 was the going price just before start of Puma talks .... Panic sellers do us proud, deliver a juicy discount
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mwekez@ji
#40 Posted : Friday, March 01, 2013 10:33:50 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
c95% of KK shares are held in the hands of 'non-wanjikus'. ... the other c5% is very welcomed to capitulate Drool
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