KenolKobil
A thread started in May 2015 (Price was 9/-)
http://www.wazua.co.ke/f...spx?g=posts&t=32277
I "updated" the thread in March 2018
http://www.wazua.co.ke/f...spx?g=posts&t=36185
My Quote ---> KK is entering a new era of profitable growth [though there's a limit unless KK can expand regionally] and there's potential for a takeover given Ohana has cleaned the books and Biwott's kids may have little interest in "owning" KK.
My Quote ---> My Bottomline: KK will do well with or without a takeover.
@mieenyma quote: "Another 30m shares before 11am,grabbing 60% of Kenya's fuel import tenders means a lot."
My Quote ---> My gut feeling is that as the heirs of the ill-gotten wealth want to spend it... the shares will be sold and KK's shareholding will change. Then there's the constant rumor of a possible takeover.
#26 (9 Mar 2018) My Quote ---> Finally, there's been an expectation of a takeover. At a significant premium, I hope.
#53 (14 Mar 2018) My Quote ---> Finally, there's the potential "takeover" now that biwott has croaked and the family may want to cash in.
#115 (13 July 2018) My Quote ---> I think KK is up for sale given the majority shareholder has croaked and his family is "large" so it's unlikely to be united in forging a path forward... After CFC's Jani croaked, the kids rapidly sold off the shares they inherited to Stanbic/SAHL.
#124 (24 July 2018) My Quote ---> IMHO, the clean-up was done to get KK ready for sale. Now that Biwott is dead, his heirs may be more interested in the cash than the business. Ohana will make a HUGE bundle (almost $10mn) if KK is sold at 20/-. Why wait to make this over 6 years, if he can get it sold sooner?
#181 (23 Oct 2018) My Quote ---> Looking at the Shareholder List (FY 2017 Annual Report) and this can only be the "family" either selling out or redistributing the shares. The FY 2018 shareholders' list will look very different.
I hope the buyers are "new" buyers since they will now be in charge and will want to make money on their investment. A takeover at a significant premium eg at 22-24 would be a nice treat Laughing out loudly Laughing out loudly Laughing out loudly
Under Ohana, KK has done well and I am staying in to enjoy the profits, dividends and hopefully a future buyout at a fair price!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett