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KENOL KOBIL .... 2012
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Jamani
#731 Posted : Thursday, June 07, 2012 3:06:32 PM
Rank: Elder

Joined: 9/12/2006
Posts: 1,554
Aguytrying wrote:
youcan'tstopusnow wrote:
Brother, it's only been 4 weeks!Laughing out loudly


Feels like forever, im sure Jamani et al havent been getting enough sleep.
@speculator. Unga he said a long long time ago believe me. like 2 years ago.


No am getting enough sleep, I am sure KK is home and dry... just looking at my figures makes me happy even if they decide to offer a squeeze out at 17
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cnn
#732 Posted : Thursday, June 07, 2012 3:50:29 PM
Rank: Veteran

Joined: 6/17/2009
Posts: 1,627
In less than two months Hubris holdings have got all necessary CMA approvals and exemption from making a takeover offer in their bid to acquire control by increasing their the 50% stake in Pan african insurance,a process under the same regulations Puma may have to go through.
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Cde Monomotapa
#733 Posted : Thursday, June 07, 2012 5:12:37 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Tuliz jo...tuliz... smile
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BGL
#734 Posted : Thursday, June 07, 2012 5:45:05 PM
Rank: Veteran

Joined: 10/11/2009
Posts: 1,223
Another cautionary announcement by PUMA
http://www.luse.co.zm/in...mp;gid=914&Itemid=51
History will not remember you for your IQ. It will remember you for what you did. “Genius is 1 percent inspiration, 99 percent perspiration.” Thomas Edison
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VituVingiSana
#735 Posted : Thursday, June 07, 2012 7:32:29 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,353
Location: Nairobi
cnn wrote:
In less than two months Hubris holdings have got all necessary CMA approvals and exemption from making a takeover offer in their bid to acquire control by increasing their the 50% stake in Pan african insurance,a process under the same regulations Puma may have to go through.
There are differences.
1) Hubris was already a 50% owner of PAI for years thus it need not have done 'new' Due Diligence. Puma knows little about the internal workings of KK.
2) It is not a Takeover as defined by CMA rules. They will only acquire (I think) upto 66% whereas Puma may be looking at 100%.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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cnn
#736 Posted : Thursday, June 07, 2012 8:00:19 PM
Rank: Veteran

Joined: 6/17/2009
Posts: 1,627
@vvs,i agree no due diligence on part of Hubris was necessary,it is the process from intent to acquire a controlling stake to getting the approval by CMA and other bodies as required that i found surprisingly fast.By the very intent of increasing their stake from 50% they had to apply for exemptions under the Takeover regulations.
Interestingly they may have to bid directly from the market for the 10% more they desire.
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  | | Edit by user: Thursday, June 07, 2012 8:01 PM | Reason: Not specified
VituVingiSana
#737 Posted : Friday, June 08, 2012 2:12:48 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,353
Location: Nairobi
cnn wrote:
@vvs,i agree no due diligence on part of Hubris was necessary,it is the process from intent to acquire a controlling stake to getting the approval by CMA and other bodies as required that i found surprisingly fast.By the very intent of increasing their stake from 50% they had to apply for exemptions under the Takeover regulations.
Interestingly they may have to bid directly from the market for the 10% more they desire.

I have a strong hunch that Hubris has been working on this deal for a while including preliminary discussions with the CMA & IRA thus a lot of the groundwork was already done.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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BGL
#738 Posted : Friday, June 15, 2012 8:06:02 PM
Rank: Veteran

Joined: 10/11/2009
Posts: 1,223
VituVingiSana wrote:
YES... My payoff is here Laughing out loudly Applause Drool Drool Drool Pray Pray Pray Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Applause Applause Applause Laughing out loudly Laughing out loudly Pray Pray Pray Applause Applause Applause

Where is @stocksmaster>



Just to remind KeKe shareholders that 5 weeks have elapsed since may 8th...... One more week and if need be an extension of 2 more weeks! Looking forward to the big news whether after next week or in july!
History will not remember you for your IQ. It will remember you for what you did. “Genius is 1 percent inspiration, 99 percent perspiration.” Thomas Edison
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VituVingiSana
#739 Posted : Friday, June 15, 2012 9:30:48 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,353
Location: Nairobi
BGL wrote:
VituVingiSana wrote:
YES... My payoff is here Laughing out loudly Applause Drool Drool Drool Pray Pray Pray Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Applause Applause Applause Laughing out loudly Laughing out loudly Pray Pray Pray Applause Applause Applause

Where is @stocksmaster>

Just to remind KeKe shareholders that 5 weeks have elapsed since may 8th...... One more week and if need be an extension of 2 more weeks! Looking forward to the big news whether after next week or in july!
No need to get impatient though earlier the better! I am resigned to September at the earliest

3 more weeks (why should Puma rush it? Better to kick the tyres for 2 more weeks) until some sort of announcement.
2 weeks to prepare documents, send a notice to Shareholders
3 weeks waiting for the Notice Period for the EGM. In the meantime, consultations with CMA & brokers on how to accomplish the Takeover.
4 weeks by CMA to approve the Takeover + hassles with MoE & Treasury.
6 weeks to dispatch Takeover docs & the process.
4 weeks to tally, announce then pay the Shareholders

22 weeks from 15 June 2012 = 30th Nov 2012
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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youcan'tstopusnow
#740 Posted : Saturday, June 16, 2012 10:59:56 AM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
No need stressing over the dates.
We'll know more after the 6-8 weeks elapse.
GOD BLESS YOUR LIFE
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