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VituVingiSana		#1481 Posted : Monday, March 21, 2011 2:41:31 AM
Rank: Chief Joined: 1/3/2007 Posts: 18,371 Location: Nairobi		http://www.nation.co.ke/.../-/53w6pqz/-/index.html More trouble for NOCK aka Kenyan taxpayers! Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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milken		#1482 Posted : Monday, March 21, 2011 10:38:07 AM
Rank: Member Joined: 4/25/2008 Posts: 192 Location: Nairobi		milken wrote: Apparently, we are yet to see more drama. NOCK has informed OMC's that the cargo they brought yesterday will be priced on March Average. This is absurd since there is no way this vessel loaded in March but NOCK are claiming that they did a Ship to Ship transfer (which is prohibited under OTS terms). OTS terms are very clear that cargoes brought before 15th should be on last month's average. Additionally ERC pricing is calculated on last month's basis. For the last two days the prices are US$70.50 per ton (about Kes6.74 per Lt)higher that Feb average. Which begs the question, how on earth are OMCs supposed to price product whose real cost will be known on April 1st? The only way NOCK can go around this is to have MOE issue a waiver and have ERC incorporate NOCK's cargo in March pricing. Of course somebody will take home about US$4M (i.e 56,000MT multiplied by US$70.5) which the Kenyan motorist will pay. Now do you see how NOCK was able to quote a half of everybody else? Am tempted to say told you so on March 1st Itari muting'oe ihuragwo ngi ni Ngai
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VituVingiSana		#1483 Posted : Monday, March 21, 2011 11:57:21 AM
Rank: Chief Joined: 1/3/2007 Posts: 18,371 Location: Nairobi		Well, nothing surprising about the FACT that the folks at MoE & NOCK are CROOKS... I am sure nyoike & kiraitu are getting some percentage of the action! Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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2012		#1484 Posted : Monday, March 21, 2011 12:35:02 PM
Rank: Elder Joined: 12/9/2009 Posts: 6,592 Location: Nairobi		VituVingiSana wrote: http://www.nation.co.ke/business/news/-/1006/1128818/-/53w6pqz/-/index.html More trouble for NOCK aka Kenyan taxpayers! @vvs, Did you actually post this at (masaa ya mwizi) 2.41am? The former NOK MD, Mwendianyaga (or something) must be relieved not to be in that hot kitchen, Kiraitu too. BBI will solve it :)
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liomungai		#1485 Posted : Monday, March 21, 2011 1:28:03 PM
Rank: New-farer Joined: 2/17/2010 Posts: 47 Location: Nairobi		looking at a forward price forecast of 18+ when those IPOs start coming and the market roars People who look for easy money invariably pay for the privilege of proving conclusively that it cannot be found on this sordid earth
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Impunity		#1486 Posted : Monday, March 21, 2011 5:09:40 PM
Rank: Elder Joined: 3/2/2009 Posts: 26,331 Location: Masada		liomungai wrote: looking at a forward price forecast of 18+ when those IPOs start coming and the market roars 18+ sounds to me like gold. Portfolio: Sold You know you've made it when you get a parking space for your yatcht.
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VituVingiSana		#1487 Posted : Tuesday, March 22, 2011 6:04:30 AM
Rank: Chief Joined: 1/3/2007 Posts: 18,371 Location: Nairobi		This is the most commented on topic [#1487] & viewed over 159,000 times! BTW, below is a story on more inefficiencies at NOCK & KPC http://www.businessdaily...2/-/ar0e7az/-/index.html Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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Impunity		#1488 Posted : Tuesday, March 22, 2011 11:13:14 AM
Rank: Elder Joined: 3/2/2009 Posts: 26,331 Location: Masada		VituVingiSana wrote: This is the most commented on topic [#1487] & viewed over 159,000 times! This is the most commented on thread: http://www.wazua.co.ke/f...aspx?g=posts&t=8244 And the Phombe thread could be in top 10. Portfolio: Sold You know you've made it when you get a parking space for your yatcht.
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VituVingiSana		#1489 Posted : Tuesday, March 22, 2011 2:03:34 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,371 Location: Nairobi		Impunity wrote: VituVingiSana wrote: This is the most commented on topic [#1487] & viewed over 159,000 times! This is the most commented on thread: http://www.wazua.co.ke/f...aspx?g=posts&t=8244 And the Phombe thread could be in top 10. LOL for biashara! Not fnootiball Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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the deal		#1490 Posted : Tuesday, March 22, 2011 6:25:39 PM
Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery		Down to 9.35 today..is a price below 9 bob possible by Friday? this is one stock i'm happy buying in this bear market.
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