I would like the talk of the strike to continue for a while longer. I am steadily accumulating the share while this happens. If indeed the strike materialises then I will go all in as the share price will plummet.

Stop hating on Segman... I like the jamaa... When the dust settles I see KK @ 20/- in 3 years... [30% annual return]

I disagree...

1) KK wud have paid KShs 600mn to KPRL.. They did not have to (or so it seems) now
2) KPRL might have been forced to enter into a 'quality' agreement i.e. minimum production levels

My support for KK remains steadfast... And thru it all I have bought shares in KK not sold a single one... I see 20/- in 3 years! [Meets my 30% goal]

I am a KK shareholder and I would like the best for KK. What I'm not comfortable with is todays release on their website. Let me C&P it and highlight some parts. In the previous releases you'll see he's been accusing everyone and there was what I would consider 'disclosure' of information. Today's statement is a break from the norm and this only means the settlement did not favor KK. Let's wait for the real info to leak out and you'll see.


KenolKobil-KPRL Dispute Resolved

The Management of KenolKobil is pleased to announce that a full and final settlement of the subject dispute was signed on 7th October 2010.
KenolKobil Limited and Kenya Petroleum Refineries Limited shall also discontinue all pending claims between each other, including debit notes and law suits.
The Ministry of Energy and the Energy Regulatory Commission have been very instrumental and well informed during the whole negotiation process and in the final agreement.
With the disputes behind us, both parties are fully committed to working for the wellbeing of the Oil Industry in Kenya and the Region.
J. I. Segman
Chairman & Group Managing Director

Accept my apologies for hijacking this KQ thread.

@FundamentAli: That would be very ill-advised. The last thing you want to do is antagonise the Union by paying off some perceived 'trouble maker'! Unions such as these are very powerful and it would be folly for KQ management to treat them badly!

I happen to know a number of KQ employees an they feel that the Union is a little unrealistic about their demands. They are actually the ones who instigated the whole strike thing. These guys can bring down the company without any care as VVS alludes, they still maintain their crazy salaries!

@2012: Segman is practising what is called 'kupaka paka mafuta (pun intended)'. By saying that ERC were instrumental and well informed in the negotiations, he's just trying to placate them. I believe that he realised that he was in a lose-lose situation and needed to get the ERC back on board. Plus the statement that they reach a full and final settlement of the dispute does not necessarily mean they have to pay the Kshs 600m