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KenolKobil 2018 and beyond
Rank: Elder Joined: 12/4/2009 Posts: 10,636 Location: NAIROBI
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VituVingiSana wrote:Segman's payout https://www.businessdail...2526-prdloqz/index.html
https://citizentv.co.ke/...-sh2-4bn-profit-193713/
"During the year ended December, KenolKobil net profit stood at Sh2.4 billion after completing a one off cost of Sh1.3 billion shillings which ate into its earnings." "KenolKobil group managing director David Ohana said with the debt now settled, the oil marketer is poised for further growth." "“We expect no further provisions or expenses related to these matters,” Mr Ohana said." “You guys are usually excited by the profit and loss but I am more excited about our balance sheet which has really gotten slim,” he stressed. “We are also convinced, when you look at the environment, I think electioneering, and stuff like that, probably behind us now, so we are very positive about 2018,” Mr Mathenge said. That segman payout if that is not theft then i don't know. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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@Realtreaty share with us your eureka moment. KK headed to 20/- and nothing will stop it. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 7/21/2010 Posts: 6,175 Location: nairobi
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Ericsson wrote:VituVingiSana wrote:Segman's payout https://www.businessdail...2526-prdloqz/index.html
https://citizentv.co.ke/...-sh2-4bn-profit-193713/
"During the year ended December, KenolKobil net profit stood at Sh2.4 billion after completing a one off cost of Sh1.3 billion shillings which ate into its earnings." "KenolKobil group managing director David Ohana said with the debt now settled, the oil marketer is poised for further growth." "“We expect no further provisions or expenses related to these matters,” Mr Ohana said." “You guys are usually excited by the profit and loss but I am more excited about our balance sheet which has really gotten slim,” he stressed. “We are also convinced, when you look at the environment, I think electioneering, and stuff like that, probably behind us now, so we are very positive about 2018,” Mr Mathenge said. That segman payout if that is not theft then i don't know. who do they pay the 1.3b Or they have Just kept it aside in a bank "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Chief Joined: 1/3/2007 Posts: 18,047 Location: Nairobi
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KK has an app https://www.businessdail...374062-9rq0iu/index.htmlGreedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 12/1/2007 Posts: 537 Location: Nakuru
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[quote=VituVingiSana]KK has an app https://www.businessdail...74062-9rq0iu/index.html[/quote] Am trying to understand what need this app is trying to solve... am not seeing it For investors as a whole, returns decrease as motion increases ~ WB
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Rank: Elder Joined: 12/4/2009 Posts: 10,636 Location: NAIROBI
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@vvs gets excited on anything kk put on media. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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Ericsson wrote:winmak wrote:Am trying to understand what need this app is trying to solve... am not seeing it @vvs gets excited on anything kk put on media. K-Card customers know the speed of those DTB machines and 'network issues' and registration 'haiendi through' manenos and 'charge ya machine is not working you have to come and swipe at the office, and on and on. But to be complement, free wifi at the stations is a big plus Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 12/4/2009 Posts: 10,636 Location: NAIROBI
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Pesa Nane wrote:Ericsson wrote:winmak wrote:Am trying to understand what need this app is trying to solve... am not seeing it @vvs gets excited on anything kk put on media. K-Card customers know the speed of those DTB machines and 'network issues' and registration 'haiendi through' manenos and 'charge ya machine is not working you have to come and swipe at the office, and on and on. But to be complement, free wifi at the stations is a big plus Yes for the app Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 4/4/2016 Posts: 1,996 Location: Kitale
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Book closure,dvd payment and agm dates? Towards the goal of financial freedom
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Rank: Chief Joined: 1/3/2007 Posts: 18,047 Location: Nairobi
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KK has made me money. KK is making me money. And I expect KK will make me more money. Cry-babies should fill up at KK to help KK make me more money  Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: New-farer Joined: 10/25/2011 Posts: 67
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When is the book closure date for Kenol Kobil
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Rank: Elder Joined: 6/23/2009 Posts: 13,469 Location: nairobi
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Ericsson wrote:Pesa Nane wrote:Ericsson wrote:winmak wrote:Am trying to understand what need this app is trying to solve... am not seeing it @vvs gets excited on anything kk put on media. K-Card customers know the speed of those DTB machines and 'network issues' and registration 'haiendi through' manenos and 'charge ya machine is not working you have to come and swipe at the office, and on and on. But to be complement, free wifi at the stations is a big plus Yes for the app Lol. Yenyewe that app needs wifi. Most motorists would not take more than 7 minutes at any fuel station, unless its doubled up as an eatery which is common with Nandos/Pizza Inn at KK stations
HF 428,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: New-farer Joined: 10/25/2011 Posts: 67
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kaimbaga2012 wrote:When is the book closure date for Kenol Kobil Anyone?
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Rank: New-farer Joined: 10/25/2011 Posts: 67
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kaimbaga2012 wrote:kaimbaga2012 wrote:When is the book closure date for Kenol Kobil Anyone? Anyone please. The Financial statements for 2017 are yet to be posted on Kenol Kobil website and I can't find the information anywhere else.
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Rank: Elder Joined: 12/4/2009 Posts: 10,636 Location: NAIROBI
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After segman fiasco now Ohana. https://www.businessdail...2046-935ipvz/index.html
"“The company granted the group managing director options for 88,000,000 units subdivided into four tranches of 16.8 million, 23.2 million, 24 million and another 24 million units,” KenolKobil said in the report. “The exercise dates for the tranches is January 1, 2020, January 1, 2021, January 1, 2022 and January 1, 2023 for the four tranches respectively. Each of the tranches has a 2-year exercise period.” The options were granted on June 20, 2016 and are offered at a grant price of Sh10.3, which was the market price at the time. " Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,636 Location: NAIROBI
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https://www.businessdail...2152-vw4srkz/index.html
"Oil marketer KenolKobil paid its former chief executive, Jacob Segman, Sh707.1 million to settle a long-running dispute over his stock-based compensation, making it corporate Kenya’s largest single payout to an executive The sum is nine times the Sh77.1 million the oil marketer had earlier provided for in its books for Mr Segman’s compensation, but which was not disclosed as such." Obiero waaah Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 7/21/2010 Posts: 6,175 Location: nairobi
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Ericsson wrote:https://www.businessdailyafrica.com/news/Kobil-sets-record-with-Sh707m-CEO-exit-pay/539546-4542152-vw4srkz/index.html
"Oil marketer KenolKobil paid its former chief executive, Jacob Segman, Sh707.1 million to settle a long-running dispute over his stock-based compensation, making it corporate Kenya’s largest single payout to an executive
The sum is nine times the Sh77.1 million the oil marketer had earlier provided for in its books for Mr Segman’s compensation, but which was not disclosed as such."
Obiero waaah After running the company to bankruptcy. ..Hujuma but the share is bullish and wants to be at 20's "Don't let the fear of losing be greater than the excitement of winning."
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Rank: New-farer Joined: 10/25/2011 Posts: 67
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mlennyma wrote:Ericsson wrote:https://www.businessdailyafrica.com/news/Kobil-sets-record-with-Sh707m-CEO-exit-pay/539546-4542152-vw4srkz/index.html
"Oil marketer KenolKobil paid its former chief executive, Jacob Segman, Sh707.1 million to settle a long-running dispute over his stock-based compensation, making it corporate Kenya’s largest single payout to an executive
The sum is nine times the Sh77.1 million the oil marketer had earlier provided for in its books for Mr Segman’s compensation, but which was not disclosed as such."
Obiero waaah After running the company to bankruptcy. ..Hujuma but the share is bullish and wants to be at 20's Hujuma kabisaa. This will end up diluting the shares of the existing shareholders. Is it even legal? He should buy the shares directly from the NSE.
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Rank: Member Joined: 3/20/2008 Posts: 503
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kaimbaga2012 wrote:mlennyma wrote:Ericsson wrote:https://www.businessdailyafrica.com/news/Kobil-sets-record-with-Sh707m-CEO-exit-pay/539546-4542152-vw4srkz/index.html
"Oil marketer KenolKobil paid its former chief executive, Jacob Segman, Sh707.1 million to settle a long-running dispute over his stock-based compensation, making it corporate Kenya’s largest single payout to an executive
The sum is nine times the Sh77.1 million the oil marketer had earlier provided for in its books for Mr Segman’s compensation, but which was not disclosed as such."
Obiero waaah After running the company to bankruptcy. ..Hujuma but the share is bullish and wants to be at 20's Hujuma kabisaa. This will end up diluting the shares of the existing shareholders. Is it even legal? He should buy the shares directly from the NSE. I thought he was paid cash???
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Rank: New-farer Joined: 10/25/2011 Posts: 67
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Ericsson wrote:After segman fiasco now Ohana. https://www.businessdail...2046-935ipvz/index.html
"“The company granted the group managing director options for 88,000,000 units subdivided into four tranches of 16.8 million, 23.2 million, 24 million and another 24 million units,” KenolKobil said in the report. “The exercise dates for the tranches is January 1, 2020, January 1, 2021, January 1, 2022 and January 1, 2023 for the four tranches respectively. Each of the tranches has a 2-year exercise period.” The options were granted on June 20, 2016 and are offered at a grant price of Sh10.3, which was the market price at the time. " Read the article. The CEO has been offered 88m shares between 2020 and 2023.
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