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Is NOCK buying Kenol Kobil?
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VituVingiSana
#21 Posted : Tuesday, May 14, 2013 3:06:41 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,366
Location: Nairobi
Kausha wrote:
Either way and it's well know KK was on the chopping board for 41 bob and PUMA were only offering 29 bob. Surely nobody would be selling KK for 17.35 would there be?

I suspect Star have oil Libya in mind. Highly unlikely KK is being sold this year at least not for 25B. I think KK will want to refocus the business and correct the errors pointed out by PUMA before selling. NOCK have no clue what they do. Kenol is highly rated in the region for having the best understanding of the subsaharan downstream market. Certainly NOCK other than being a national oil company have everything to gain and would have to pay a premium to KK.
I would take 29 in a heartbeat! I think 41 is a stretch. At that 'offer' why wouldn't the biwotts buy out the other shareholders through a 'takeover' & then sell to Puma in private?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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guru267
#22 Posted : Tuesday, May 14, 2013 3:21:21 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Why would I pay more than 25billion for a company with a net worth of 7billion in a price controlled & low margin oil market?? Sad

Nock would be seriously overpaying....

Mark 12:29
Deuteronomy 4:16
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dunkang
#23 Posted : Tuesday, May 14, 2013 4:55:38 PM
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Joined: 6/2/2011
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Location: -1.2107, 36.8831
Receive with simplicity everything that happens to you.” ― Rashi

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Sober
#24 Posted : Tuesday, May 14, 2013 7:03:17 PM
Rank: Elder

Joined: 11/27/2007
Posts: 3,604
guru267 wrote:
Why would I pay more than 25billion for a company with a net worth of 7billion in a price controlled & low margin oil market?? Sad

Nock would be seriously overpaying....



well said!
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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Cde Monomotapa
#25 Posted : Tuesday, May 14, 2013 7:09:44 PM
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Joined: 1/13/2011
Posts: 5,964
:O
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mwekez@ji
#26 Posted : Tuesday, May 14, 2013 9:12:39 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
Cde Monomotapa wrote:
:O


><(((*>
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MoneyMonger
#27 Posted : Tuesday, May 14, 2013 10:49:34 PM
Rank: Member

Joined: 4/25/2012
Posts: 110
Here is the link for the star newspaper article

http://www.the-star.co.k...5-billion-rival-oil-firm
There is nothing as dangerous as an Idea, when there is only one Idea
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jerry
#28 Posted : Wednesday, May 15, 2013 12:01:03 AM
Rank: Elder

Joined: 9/29/2006
Posts: 2,570
[quote=MoneyMonger]Here is the link for the star newspaper article

http://www.the-star.co.k...-billion-rival-oil-firm[/quote]
And KK sold the highest number of shares today.
The opposite of courage is not cowardice, it's conformity.
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mkonomtupu
#29 Posted : Wednesday, May 15, 2013 10:29:55 AM
Rank: Veteran

Joined: 2/10/2010
Posts: 1,001
Location: River Road
It would seem the energy sector is where the rubber will meet the road for the jubilee govt. NOCK is being reshaped, Nyoike and his bureaucrats at MoE are leaving the scene, Kengen getting a new MD, Chirchir formally approved, oil production in 5 years. This is the sector in the next ten years where new tenderpreneurs will be created. You will either make your capital or lose your capital.
if you are gonna play the game son you gotta learn to play it right

http://www.nation.co.ke/...t/-/4vpuofz/-/index.html
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VituVingiSana
#30 Posted : Wednesday, May 15, 2013 11:01:12 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,366
Location: Nairobi
[quote=mkonomtupu]It would seem the energy sector is where the rubber will meet the road for the jubilee govt. NOCK is being reshaped, Nyoike and his bureaucrats at MoE are leaving the scene, Kengen getting a new MD, Chirchir formally approved, oil production in 5 years. This is the sector in the next ten years where new tenderpreneurs will be created. You will either make your capital or lose your capital.
if you are gonna play the game son you gotta learn to play it right

http://www.nation.co.ke/.../-/4vpuofz/-/index.html[/quote] Sad to see Tenderpreneurs not Entrepreneurs will be made. I have started missing the 'hands-off' regime of Kibaki except for a few miscues including price controls used at NCPB, KPLC & fuel prices. And these happened when UK & WR were in charge of the relevant ministries.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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  | | Edit by user: Wednesday, May 15, 2013 11:06 AM | Reason: Not specified
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