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KENOL/KOBIL
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VituVingiSana
#71 Posted : Friday, May 07, 2010 10:01:41 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,362
Location: Nairobi
Horton wrote:
the deal wrote:
@ gg aint it the sane mngmnt who said they have won a case against kpc a few month ago...only for the award to dissappear from the balance...



@ the deal....it hasnt "disappeared"....KPC had appealed the award and i believe KPC has lost the appeal...KK should announce it on the AGM day..

Horton... KK never said they won a case against KPC... Show me a letter/announcement to that effect...

@the deal - Are you sure the appeal has been heard & ruled in KK's favour?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Horton
#72 Posted : Friday, May 07, 2010 10:59:56 AM
Rank: Veteran

Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
VituVingiSana wrote:
Horton wrote:
the deal wrote:
@ gg aint it the sane mngmnt who said they have won a case against kpc a few month ago...only for the award to dissappear from the balance...



@ the deal....it hasnt "disappeared"....KPC had appealed the award and i believe KPC has lost the appeal...KK should announce it on the AGM day..

Horton... KK never said they won a case against KPC... Show me a letter/announcement to that effect...

@the deal - Are you sure the appeal has been heard & ruled in KK's favour?



Without being to "technical" here is a letter on their website:

http://www.kenolkobil.co...fb38a6b2ea0f2b12888e3b4
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VituVingiSana
#73 Posted : Friday, May 07, 2010 8:43:55 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,362
Location: Nairobi
Horton wrote:
VituVingiSana wrote:
Horton wrote:
the deal wrote:
@ gg aint it the sane mngmnt who said they have won a case against kpc a few month ago...only for the award to dissappear from the balance...



@ the deal....it hasnt "disappeared"....KPC had appealed the award and i believe KPC has lost the appeal...KK should announce it on the AGM day..

Horton... KK never said they won a case against KPC... Show me a letter/announcement to that effect...

@the deal - Are you sure the appeal has been heard & ruled in KK's favour?



Without being to "technical" here is a letter on their website:

http://www.kenolkobil.co...fb38a6b2ea0f2b12888e3b4

"If the Award is upheld, it will contribute significantly to the future earnings of the company." So KK specifies IF... And it is under appeal to the best of my knowledge...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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the deal
#74 Posted : Sunday, May 09, 2010 9:20:29 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
@ vvs kenol has lost the case against kpc...@ horton and GG there is no 4,6 bil windfall here...we wilk see what happens to the stock kesho...source:daily nation
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  | | Edit by user: Sunday, May 09, 2010 9:26 PM | Reason: Not specified
winston
#75 Posted : Monday, May 10, 2010 7:09:57 AM
Rank: Member

Joined: 4/14/2010
Posts: 806
Location: Nairobi
From today's daily nation - Seems what was lost was KK's challenge to have KPC appeal dismissed. So now KPC's appeal against the award goes on. Until KPC's appeal succeeds the 4.6bn hasn't been struck off.
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guru267
#76 Posted : Monday, May 10, 2010 9:46:38 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
the deal wrote:
@ vvs kenol has lost the case against kpc...@ horton and GG there is no 4,6 bil windfall here...we wilk see what happens to the stock kesho...source:daily nation


well looks like it was more than a good idea to give up my chase.... this stock is being sold like crazy in todays trade
Mark 12:29
Deuteronomy 4:16
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Gordon Gekko
#77 Posted : Monday, May 10, 2010 9:51:04 AM
Rank: Elder

Joined: 5/27/2008
Posts: 3,760
Take advantage of the blip to stock up. There is still cash to me made from this one. Misinformation by the papers is sometimes good.
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the deal
#78 Posted : Monday, May 10, 2010 10:10:30 AM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
@ GG the papers are not misinforming the public but KK management are...remember they factored in that 4.6 bill in 2010 results...i can only buy KK @ 70 bob...@ guru never chase a stock i learned the hard way...LOL.
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winston
#79 Posted : Monday, May 10, 2010 10:28:44 AM
Rank: Member

Joined: 4/14/2010
Posts: 806
Location: Nairobi
While the award stands until struck off or set aside(from legal perspective), shouldnt KK reverse it from their books (from accounting perspective)?
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Gordon Gekko
#80 Posted : Monday, May 10, 2010 11:05:06 AM
Rank: Elder

Joined: 5/27/2008
Posts: 3,760
If it has been factored anywhere it will be in the interim accounts. The 2010 results will not be out till this time next year. Even if in Q1, these are unaudited. Even if the award is struck off, this co generates 100B in sales which books give it the worth.
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