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KenolKobil 2018 and beyond
Rank: Elder Joined: 12/7/2012 Posts: 11,935
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I like the way VVS amenyenyekea siku hizi on being bought. I remember when 'we' small wanjikus shareholders of Brook Bond (sp) were bought a decade ago - thereabouts - haki aliongea mbaya. Wacha tu. Time teaches & heals everything. In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Elder Joined: 6/23/2009 Posts: 14,217 Location: nairobi
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This purchaser looks like a fraudster. Thank me later  
KQ ABP 4.26
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Rank: Chief Joined: 1/3/2007 Posts: 18,347 Location: Nairobi
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Angelica _ann wrote:I like the way VVS amenyenyekea siku hizi on being bought. I remember when 'we' small wanjikus shareholders of Brook Bond (sp) were bought a decade ago - thereabouts - haki aliongea mbaya. Wacha tu. Time teaches & heals everything. Whoa! What did I do? Unilever offered a low price (14/-?) for the shares BUT it was their choice to offer what they want. Some minorities remained shareholders in Unilever Tea and have received some decent dividends. Same with Seaboard and Unga. I remain a minority in Unga but if I am offered a "fair" price then I will bail out. And Marshalls which recently sold its stake in AVA for 800mn+... KK: One can probably remain as a minority if Rubis doesn't get 90% but I choose to "leave" KK at 23/- given there are some sweet bargains out there. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 14,217 Location: nairobi
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VituVingiSana wrote:Angelica _ann wrote:I like the way VVS amenyenyekea siku hizi on being bought. I remember when 'we' small wanjikus shareholders of Brook Bond (sp) were bought a decade ago - thereabouts - haki aliongea mbaya. Wacha tu. Time teaches & heals everything. Whoa! What did I do? Unilever offered a low price (14/-?) for the shares BUT it was their choice to offer what they want. Some minorities remained shareholders in Unilever Tea and have received some decent dividends. Same with Seaboard and Unga. I remain a minority in Unga but if I am offered a "fair" price then I will bail out. And Marshalls which recently sold its stake in AVA for 800mn+... KK: One can probably remain as a minority if Rubis doesn't get 90% but I choose to "leave" KK at 23/- given there are some sweet bargains out there. My good friend. It looks like Rubis are con men. Unless Gilles Gobin is simply a fearful guy, as explained in the share structure https://rubis.fr/en/grou...rnance/rubis-management/
KQ ABP 4.26
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Rank: Chief Joined: 1/3/2007 Posts: 18,347 Location: Nairobi
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obiero wrote:VituVingiSana wrote:Angelica _ann wrote:I like the way VVS amenyenyekea siku hizi on being bought. I remember when 'we' small wanjikus shareholders of Brook Bond (sp) were bought a decade ago - thereabouts - haki aliongea mbaya. Wacha tu. Time teaches & heals everything. Whoa! What did I do? Unilever offered a low price (14/-?) for the shares BUT it was their choice to offer what they want. Some minorities remained shareholders in Unilever Tea and have received some decent dividends. Same with Seaboard and Unga. I remain a minority in Unga but if I am offered a "fair" price then I will bail out. And Marshalls which recently sold its stake in AVA for 800mn+... KK: One can probably remain as a minority if Rubis doesn't get 90% but I choose to "leave" KK at 23/- given there are some sweet bargains out there. My good friend. It looks like Rubis are con men. Unless Gilles Gobin is simply a fearful guy, as explained in the share structure https://rubis.fr/en/grou...nance/rubis-management/  Stop slinging mud at the Doctor of Economics. How's Ngunze? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett As I said earlier, I will pop a bottle of champagne only when the RTGS hits my account. The sooner the better. In the meantime, let Ohana run KK profitably so we can keep on getting dividends if the Rubis deal falls through. It happened with Puma though Rubis has already bought 25% of KK so they are committed. What Rubis does withKK AFTER they have paid me for my KK shares is not that important to me. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 14,217 Location: nairobi
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VituVingiSana wrote:obiero wrote:VituVingiSana wrote:Angelica _ann wrote:I like the way VVS amenyenyekea siku hizi on being bought. I remember when 'we' small wanjikus shareholders of Brook Bond (sp) were bought a decade ago - thereabouts - haki aliongea mbaya. Wacha tu. Time teaches & heals everything. Whoa! What did I do? Unilever offered a low price (14/-?) for the shares BUT it was their choice to offer what they want. Some minorities remained shareholders in Unilever Tea and have received some decent dividends. Same with Seaboard and Unga. I remain a minority in Unga but if I am offered a "fair" price then I will bail out. And Marshalls which recently sold its stake in AVA for 800mn+... KK: One can probably remain as a minority if Rubis doesn't get 90% but I choose to "leave" KK at 23/- given there are some sweet bargains out there. My good friend. It looks like Rubis are con men. Unless Gilles Gobin is simply a fearful guy, as explained in the share structure https://rubis.fr/en/grou...nance/rubis-management/ Stop slinging mud at the Doctor of Economics. How's Ngunze? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett As I said earlier, I will pop a bottle of champagne only when the RTGS hits my account. The sooner the better. In the meantime, let Ohana run KK profitably so we can keep on getting dividends if the Rubis deal falls through. It happened with Puma though Rubis has already bought 25% of KK so they are committed. What Rubis does withKK AFTER they have paid me for my KK shares is not that important to me. From how Gilles Gobin has set up his one man show hidden in many holding firms, I sense that the Wells deal was merely a ploy.. A tactic to speculatively buy at KES 15.30 with knowledge that they won't be able to get over 75% shareholding.. The guy is here to trade the stock and leave our old man @vvs high and dry. A suspension is required to understand Gilles Gobin first 
KQ ABP 4.26
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Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi
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obiero wrote:@maka you seem intelligent. please help interpret the following Offer clause by Rubis.. 3. Current Shareholding by Rubis Énergie in KenolKobil On 23rd October 2018, Rubis Énergie has acquired 367,793,124 ordinary shares of KES 0.05 each representing twenty four decimal nine nine per cent (24.99%) of KenolKobil’s issued and listed share capital, via a transaction concluded on the NSE prevailing at a market price of KES 15.30 per Share (“Market Price”) and in accordance with the NSE’s trading rules (the “Block Trade”). Pursuant to an agreement dated 23rd October 2018 between Rubis Énergie and Wells Petroleum Limited (“Wells”), Rubis Énergie agreed that if it were to make a take-over offer for the shares before 22nd October 2019, then on the successful conclusion of such Take-Over Offer, it will pay to Wells, an amount equal to the difference between the offer price per Share ultimately paid by Rubis Énergie to other shareholders of KenolKobil pursuant to the Offer and the Market Price paid to Wells by Rubis Énergie as set out above for every share that Rubis Énergie purchased from Wells pursuant to the Block Trade. No puma here,already wajamaa wameingiza ndani. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 6/23/2009 Posts: 14,217 Location: nairobi
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mlennyma wrote:obiero wrote:@maka you seem intelligent. please help interpret the following Offer clause by Rubis.. 3. Current Shareholding by Rubis Énergie in KenolKobil On 23rd October 2018, Rubis Énergie has acquired 367,793,124 ordinary shares of KES 0.05 each representing twenty four decimal nine nine per cent (24.99%) of KenolKobil’s issued and listed share capital, via a transaction concluded on the NSE prevailing at a market price of KES 15.30 per Share (“Market Price”) and in accordance with the NSE’s trading rules (the “Block Trade”). Pursuant to an agreement dated 23rd October 2018 between Rubis Énergie and Wells Petroleum Limited (“Wells”), Rubis Énergie agreed that if it were to make a take-over offer for the shares before 22nd October 2019, then on the successful conclusion of such Take-Over Offer, it will pay to Wells, an amount equal to the difference between the offer price per Share ultimately paid by Rubis Énergie to other shareholders of KenolKobil pursuant to the Offer and the Market Price paid to Wells by Rubis Énergie as set out above for every share that Rubis Énergie purchased from Wells pursuant to the Block Trade. No puma here,already wajamaa wameingiza ndani. So the announcement was a mere formality? The man knew that he would be releasing material information concerning total takeover on Wednesday but decided to purchase close to a quarter of the company stock one day before the said announcement.. Smells rotten to me
KQ ABP 4.26
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Rank: Chief Joined: 1/3/2007 Posts: 18,347 Location: Nairobi
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obiero wrote:mlennyma wrote:obiero wrote:@maka you seem intelligent. please help interpret the following Offer clause by Rubis.. 3. Current Shareholding by Rubis Énergie in KenolKobil On 23rd October 2018, Rubis Énergie has acquired 367,793,124 ordinary shares of KES 0.05 each representing twenty four decimal nine nine per cent (24.99%) of KenolKobil’s issued and listed share capital, via a transaction concluded on the NSE prevailing at a market price of KES 15.30 per Share (“Market Price”) and in accordance with the NSE’s trading rules (the “Block Trade”). Pursuant to an agreement dated 23rd October 2018 between Rubis Énergie and Wells Petroleum Limited (“Wells”), Rubis Énergie agreed that if it were to make a take-over offer for the shares before 22nd October 2019, then on the successful conclusion of such Take-Over Offer, it will pay to Wells, an amount equal to the difference between the offer price per Share ultimately paid by Rubis Énergie to other shareholders of KenolKobil pursuant to the Offer and the Market Price paid to Wells by Rubis Énergie as set out above for every share that Rubis Énergie purchased from Wells pursuant to the Block Trade. No puma here,already wajamaa wameingiza ndani. So the announcement was a mere formality? The man knew that he would be releasing material information concerning total takeover on Wednesday but decided to purchase close to a quarter of the company stock one day before the said announcement.. Smells rotten to me Don't let it hurt you on our behalf. In my books, I think 15/- is a bargain and I would have bought more if I had the cash at the time. The price closed at 20 and the offer is at 23 but payable next year. If it doesn't close and the price drops back to 15, I am all good  Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 14,217 Location: nairobi
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VituVingiSana wrote:obiero wrote:mlennyma wrote:obiero wrote:@maka you seem intelligent. please help interpret the following Offer clause by Rubis.. 3. Current Shareholding by Rubis Énergie in KenolKobil On 23rd October 2018, Rubis Énergie has acquired 367,793,124 ordinary shares of KES 0.05 each representing twenty four decimal nine nine per cent (24.99%) of KenolKobil’s issued and listed share capital, via a transaction concluded on the NSE prevailing at a market price of KES 15.30 per Share (“Market Price”) and in accordance with the NSE’s trading rules (the “Block Trade”). Pursuant to an agreement dated 23rd October 2018 between Rubis Énergie and Wells Petroleum Limited (“Wells”), Rubis Énergie agreed that if it were to make a take-over offer for the shares before 22nd October 2019, then on the successful conclusion of such Take-Over Offer, it will pay to Wells, an amount equal to the difference between the offer price per Share ultimately paid by Rubis Énergie to other shareholders of KenolKobil pursuant to the Offer and the Market Price paid to Wells by Rubis Énergie as set out above for every share that Rubis Énergie purchased from Wells pursuant to the Block Trade. No puma here,already wajamaa wameingiza ndani. So the announcement was a mere formality? The man knew that he would be releasing material information concerning total takeover on Wednesday but decided to purchase close to a quarter of the company stock one day before the said announcement.. Smells rotten to me Don't let it hurt you on our behalf. In my books, I think 15/- is a bargain and I would have bought more if I had the cash at the time. The price closed at 20 and the offer is at 23 but payable next year. If it doesn't close and the price drops back to 15, I am all good Not hurt old man.. Just shocked at the impunity. I'm actually happy with your gain.. Good for you! But as per CMA guidelines, they should have had a cautionary statement similar to the following, way in advance.. 
KQ ABP 4.26
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