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KENOL/KOBIL
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cnn
#321 Posted : Friday, July 16, 2010 10:27:12 AM
Rank: Veteran

Joined: 6/17/2009
Posts: 1,627
KK should demand an apology from these idiots.And how do NMG they allow such irresponsible reporting ,just to sell their paper?
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the deal
#322 Posted : Friday, July 16, 2010 11:27:01 AM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
i have seen the so called 'REJOINDER' from KenolKobil i must say it lacks substance and only gulliable investors believe such kind of press releases...NMG is right..KenolKobil must face reality...pay up...
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VituVingiSana
#323 Posted : Friday, July 16, 2010 12:04:19 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,363
Location: Nairobi
the deal wrote:
i have seen the so called 'REJOINDER' from KenolKobil i must say it lacks substance and only gulliable investors believe such kind of press releases...NMG is right..KenolKobil must face reality...pay up...
Which press release 'lacks substance'?
[Did u read the same ones I did?]
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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mv_ufanisi
#324 Posted: : Friday, July 16, 2010 1:58:33 PM
Rank: Member

Joined: 1/15/2010
Posts: 625
As per KenolKobil release today, the processing agreement with KPRL stands. KPRL has not terminated the processing agreement. The dispute will now be heard by an arbitrator under English Law. I hope this ends well and stops negative speculation. Half year results on July 29th A Luta Continua.
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the deal
#325 Posted : Friday, July 16, 2010 11:04:23 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
woooi its SELL SELL SELL here..KPRL wont be processing any crude oil for KenolKobil...KenolKobil might even loose its licence according to KTN's Larry Madowo...@VVS whats your REJOINDER??? LOL....
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VituVingiSana
#326 Posted : Saturday, July 17, 2010 12:00:33 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,363
Location: Nairobi
the deal wrote:
woooi its SELL SELL SELL here..KPRL wont be processing any crude oil for KenolKobil...KenolKobil might even loose its licence according to KTN's Larry Madowo...@VVS whats your REJOINDER??? LOL....

I hope KK falls below 10/- on Monday coz I wanna BUY, BUY, BUY...

Lose the license? Nope coz Larry is smoking pot!

Dont forget that KK can still buy fuel from/thru others as long as 50% (70% has been dropped coz KPRL is inefficient + cant meet demand) is processed by KPRL...

At below 10/-, I have an order to BUY... Real & in Wazua!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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mv_ufanisi
#327 Posted : Saturday, July 17, 2010 2:18:37 PM
Rank: Member

Joined: 1/15/2010
Posts: 625
mv_ufanisi wrote:
As per KenolKobil release today, the processing agreement with KPRL stands. KPRL has not terminated the processing agreement. The dispute will now be heard by an arbitrator under English Law. I hope this ends well and stops negative speculation. Half year results on July 29th A Luta Continua.


KPRL's rejoinder is that they are no longer processing for KenolKobil. And they are holding more than 4 billion worth of oil owned by KenolKobil.

It's a tough situation here for KenolKobil. KPRL don't want to go for the arbitration so enforcement is almost impossible. Worst case scenario is that KK pays the 400million being demanded by KPRL to continue operations.

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VituVingiSana
#328 Posted : Saturday, July 17, 2010 2:23:39 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,363
Location: Nairobi
@mv_ufanisi - KK will have to pay the 450mn but question is whether KPRL will accept the cash without a full settlement to start re-processing.

If GoK [shareholder in KPRL thus conflict of interest] allows for KK to import refined product then KK will be fine.

As for the products held by KPRL, KK shud go to order release of all except 450mn worth. A Bond or cash deposit with Court can cover the 'loss' if KK loses.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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the deal
#329 Posted : Saturday, July 17, 2010 3:31:11 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
DONT TELL ME I NEVER WARNED WAZUARIANS STAY AWAY FROM KK IN ADVANCE...I'M NOT A LAWYER BUT COMMON SENSE TOLD ME 2 MONTH AGO THAT KK IS IN A MESS...LETS SEE HOW THE MARKETS REACT ON MONDAY...
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qw25041985
#330 Posted : Saturday, July 17, 2010 3:46:00 PM
Rank: User

Joined: 5/9/2010
Posts: 1,418
Location: Nai
@the deal. Even if u write in bold,capital letters with font size 10,000. And scream SELL.I amnt blinking an eye . This ar just one of jitter that any sound business has to go through. I believe any intelligent investor shld be buyin into the fear. Take the example of Toyota, Japan. It had a massive recall that put it in a bad light but latter came around and postd huge profits . Your fears though understood are alittle exageratd !
Your future depends on your dreams so go to sleep !
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