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VituVingiSana		#1581 Posted : Friday, April 08, 2011 2:27:13 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,371 Location: Nairobi		selah wrote: The creation of new shares is a bit confusing 300M shares is for the ESOP[why didn't they just buy them straight from the bourse?] what abt the 200M share what do they intend to do with them[Future right issue or bonus shares? what else can they do with this extra shares] 1) Good question about buying the 300mn from the market but that would require 'real' cash. If bought today the cost would be KES 3bn. Also I am not sure if an ESOP is allowed to buy shares not allocated to employees [Buybacks]. Also the 300mn shares will probably be vested over time [3 years] so the requirement is over time when the price of the shares could rise thus 'easier' (cheaper?) to issue new shares. 2)There might be an element of a bonus or simply easier to 'vote' for 500mn shares vs 300mn shares? Or these shares could be used as currency [exchanged] for other firms/assets. In some cases [for tax purposes or 'exchange' of ownership] a seller may not want cash but shares in exchange. Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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2012		#1582 Posted : Friday, April 08, 2011 2:43:58 PM
Rank: Elder Joined: 12/9/2009 Posts: 6,592 Location: Nairobi		VituVingiSana wrote: do you know what Call Options are? If not, please read up on them. I know what they calls are but I would by far prefer to buy discounted although the call option would guarantee higher input (hard work) from employees, I don't think they would be that attractive. BBI will solve it :)
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VituVingiSana		#1583 Posted : Sunday, April 10, 2011 10:47:45 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,371 Location: Nairobi		2012 wrote: VituVingiSana wrote: do you know what Call Options are? If not, please read up on them. I know what they calls are but I would by far prefer to buy discounted although the call option would guarantee higher input (hard work) from employees, I don't think they would be that attractive. Well, then let's hope they are awarded Call Options [not sure what KK calls them or the structure of the ESOP]... LOL... So why would I want KK to issue 'discounted shares' vs 'Call Options'??? I want the KK employees to work harder for the 'free' shares! If they don't want to... they can quit!!! Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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cnn		#1584 Posted : Monday, April 11, 2011 5:54:54 PM
Rank: Veteran Joined: 6/17/2009 Posts: 1,627		It was a typo...The number of news shares to be offered under the ESOP is 140 million not 300 million,this is in a communication to shareholders and the NSE.
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VituVingiSana		#1585 Posted : Tuesday, April 12, 2011 1:44:44 AM
Rank: Chief Joined: 1/3/2007 Posts: 18,371 Location: Nairobi		Good for KK shareholders... 140mn for ESOP vs 300mn reduces the dilution... Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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hisah		#1586 Posted : Thursday, April 14, 2011 4:35:41 PM
Rank: Chief Joined: 8/4/2010 Posts: 8,977		hisah wrote: http://www.liveoilprices.co.uk/oil/oil_prices/04/2011/brent-oil-trading-at-121-irans-president-forecasts-150-soon.html On Friday 15th going by the volatile trend of oil prices, ERC will most likely increase pump prices by 7 - 9% as per the international price volatility. So I expect to see the prices below. Low estimate... Super - 102.5 + 7% = 109.60 Diesel - 94.5 + 7% = 101.10 High estimate... Super - 102.5 + 9% = 111.70 Diesel - 94.5 + 9% = 103.00 I'm not going to bother with jet fuel and kerosene since the same estimates are applicable... KQ fuel costs will eat into profitability... The share price will remain depressed... Industrials will continue experiencing high power costs. This is not helped by the fact that Aggreko has another two month contract extension - http://www.foxbusiness.c...tract-months-newspaper/ And finally, the CPI or inflation index will spike to the double digits. Unless the smart guys can come up with a way to overhaul the oil dependency curse immediately, I don't see how oil won't break beyond $150, MENA crisis or not... Super - 102.5 + 9% = 111.70 Diesel - 94.5 + 9% = 103.00 And my estimates are sadly confirmed http://www.capitalfm.co....es-skyrocket-12422.html $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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stocksmaster		#1587 Posted : Thursday, April 14, 2011 4:47:26 PM
Rank: Member Joined: 9/26/2006 Posts: 463 Location: CENTRAL PROVINCE		hisah wrote: hisah wrote: http://www.liveoilprices.co.uk/oil/oil_prices/04/2011/brent-oil-trading-at-121-irans-president-forecasts-150-soon.html On Friday 15th going by the volatile trend of oil prices, ERC will most likely increase pump prices by 7 - 9% as per the international price volatility. So I expect to see the prices below. Low estimate... Super - 102.5 + 7% = 109.60 Diesel - 94.5 + 7% = 101.10 High estimate... Super - 102.5 + 9% = 111.70 Diesel - 94.5 + 9% = 103.00 I'm not going to bother with jet fuel and kerosene since the same estimates are applicable... KQ fuel costs will eat into profitability... The share price will remain depressed... Industrials will continue experiencing high power costs. This is not helped by the fact that Aggreko has another two month contract extension - http://www.foxbusiness.c...tract-months-newspaper/ And finally, the CPI or inflation index will spike to the double digits. Unless the smart guys can come up with a way to overhaul the oil dependency curse immediately, I don't see how oil won't break beyond $150, MENA crisis or not... Super - 102.5 + 9% = 111.70 Diesel - 94.5 + 9% = 103.00 And my estimates are sadly confirmed The Petroleum Institute of East Africa had tabled a proposal which if adopted could have reduced the cost of petroleum products by 18%. Why was the Ministry of Energy not interested? x handle: @stocksmaster79
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jawz1		#1588 Posted : Thursday, April 14, 2011 4:48:40 PM
Rank: Member Joined: 8/4/2008 Posts: 205 Location: Nairobi		VituVingiSana wrote: http://www.kenolkobil.com/home/index.php?active_page_id=&id=258&PHPSESSID=1e64230f04499dc4899ff4a9ffc4fb21 So KK expects prices to rise another KES 7.20 which means I am going to jaza my tank & some 20-gallon jerricans on 13th. At KK of course! Is there is a chance that some stations will run out of fuel on 14th? Or simply not sell any until the 15th? Well, no one can say we weren't warned! And KK was off by 1 bob, it's going to be tight this year... "When the pupil is ready to learn, a teacher will appear." -- Zen proverb
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jawz1		#1589 Posted : Thursday, April 14, 2011 4:50:15 PM
Rank: Member Joined: 8/4/2008 Posts: 205 Location: Nairobi		stocksmaster wrote: hisah wrote: hisah wrote: http://www.liveoilprices.co.uk/oil/oil_prices/04/2011/brent-oil-trading-at-121-irans-president-forecasts-150-soon.html On Friday 15th going by the volatile trend of oil prices, ERC will most likely increase pump prices by 7 - 9% as per the international price volatility. So I expect to see the prices below. Low estimate... Super - 102.5 + 7% = 109.60 Diesel - 94.5 + 7% = 101.10 High estimate... Super - 102.5 + 9% = 111.70 Diesel - 94.5 + 9% = 103.00 I'm not going to bother with jet fuel and kerosene since the same estimates are applicable... KQ fuel costs will eat into profitability... The share price will remain depressed... Industrials will continue experiencing high power costs. This is not helped by the fact that Aggreko has another two month contract extension - http://www.foxbusiness.c...tract-months-newspaper/ And finally, the CPI or inflation index will spike to the double digits. Unless the smart guys can come up with a way to overhaul the oil dependency curse immediately, I don't see how oil won't break beyond $150, MENA crisis or not... Super - 102.5 + 9% = 111.70 Diesel - 94.5 + 9% = 103.00 And my estimates are sadly confirmed The Petroleum Institute of East Africa had tabled a proposal which if adopted could have reduced the cost of petroleum products by 18%. Why was the Ministry of Energy not interested? Ask VVS, those thieves would not be interested in making life hard for themselves in eating "When the pupil is ready to learn, a teacher will appear." -- Zen proverb
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hisah		#1590 Posted : Thursday, April 14, 2011 5:14:32 PM
Rank: Chief Joined: 8/4/2010 Posts: 8,977		stocksmaster wrote: hisah wrote: Super - 102.5 + 9% = 111.70 Diesel - 94.5 + 9% = 103.00 And my estimates are sadly confirmed The Petroleum Institute of East Africa had tabled a proposal which if adopted could have reduced the cost of petroleum products by 18%. Why was the Ministry of Energy not interested? Someone is profiteering - or some cartel has held a yoke on MoE... Things will tip soon if they haven't... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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