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KenolKobil 2018 and beyond
Rank: Elder Joined: 6/23/2009 Posts: 13,472 Location: nairobi
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VituVingiSana wrote:obiero wrote:VituVingiSana wrote:sparkly wrote:Gatheuzi wrote:I primarily invest for dividends and with no immediate plan to sell. So when faced with a takeover, this distorts my plans since I have to re-invest the proceeds. If KK was to be here for long and pay increasing dividends over time, the benefits far out way the premiums being offered today (23/=).
I think I have no choice but to take the offer given that the Frenchmen have even indicated that they will not continue with the current generous dividend policy that KK was pursuing.
The other consideration is; what was the impact of them buying a clean KK that just recently make major write offs of Segman payments, KPRL's account owing, long standing legal settlement in H1 and so on? Doesn't this obviously mean that future benefits of a cleaner balance sheet will not accrue to current shareholders, which is not a great at all?
As someone mentioned the number of investible firms in NSE continue to diminish and we will perhaps only be left with banks, Safaricom and a few other well run firms.
As Europe stagnates economically, Europeans are snatching up undervalued businesses from locals. As long as we do not sell, does it matter? Unga: I have refused to sell my shares at a pittance but it is NOT Seaboard but the Ndegwas (who sold us their crap - Ennsvalley) that are screwing us over. KK: If you think 23/- isn't a fair price then do not sell. The share will become hung.. Few trades below KES 23 with none above KES 23 Thanks for sharing our pain with us  I  the "regulatory boards" (CMA, COMESA, CAK) give their approvals by end of November so we can wrap this up by 1Q 2019. Totally hung share, as anticipated, made worse by the ongoing investigation against Aly and Co.. Let shareholders at Kenol Kobil hope for better things next year, while remembering Puma 
HF 428,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Chief Joined: 1/3/2007 Posts: 18,049 Location: Nairobi
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obiero wrote:VituVingiSana wrote:obiero wrote:VituVingiSana wrote:sparkly wrote:Gatheuzi wrote:I primarily invest for dividends and with no immediate plan to sell. So when faced with a takeover, this distorts my plans since I have to re-invest the proceeds. If KK was to be here for long and pay increasing dividends over time, the benefits far out way the premiums being offered today (23/=).
I think I have no choice but to take the offer given that the Frenchmen have even indicated that they will not continue with the current generous dividend policy that KK was pursuing.
The other consideration is; what was the impact of them buying a clean KK that just recently make major write offs of Segman payments, KPRL's account owing, long standing legal settlement in H1 and so on? Doesn't this obviously mean that future benefits of a cleaner balance sheet will not accrue to current shareholders, which is not a great at all?
As someone mentioned the number of investible firms in NSE continue to diminish and we will perhaps only be left with banks, Safaricom and a few other well run firms.
As Europe stagnates economically, Europeans are snatching up undervalued businesses from locals. As long as we do not sell, does it matter? Unga: I have refused to sell my shares at a pittance but it is NOT Seaboard but the Ndegwas (who sold us their crap - Ennsvalley) that are screwing us over. KK: If you think 23/- isn't a fair price then do not sell. The share will become hung.. Few trades below KES 23 with none above KES 23 Thanks for sharing our pain with us I the "regulatory boards" (CMA, COMESA, CAK) give their approvals by end of November so we can wrap this up by 1Q 2019. Totally hung share, as anticipated, made worse by the ongoing investigation against Aly and Co.. Let shareholders at Kenol Kobil hope for better things next year, while remembering Puma Thank you for your concern as we wait for Rubis to come through. We do remember Puma but some of us do not mind holding onto KK given its profitability even if Rubis leaves. We received a dividend for 1H and if Rubis doesn't come through, we will be comforted by another dividend for 2H. Whereas we do appreciate your concern for our well-being, please show us your appreciation by paying your fuel suppliers on time. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 4/4/2016 Posts: 1,996 Location: Kitale
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VituVingiSana wrote:obiero wrote:VituVingiSana wrote:obiero wrote:VituVingiSana wrote:sparkly wrote:Gatheuzi wrote:I primarily invest for dividends and with no immediate plan to sell. So when faced with a takeover, this distorts my plans since I have to re-invest the proceeds. If KK was to be here for long and pay increasing dividends over time, the benefits far out way the premiums being offered today (23/=).
I think I have no choice but to take the offer given that the Frenchmen have even indicated that they will not continue with the current generous dividend policy that KK was pursuing.
The other consideration is; what was the impact of them buying a clean KK that just recently make major write offs of Segman payments, KPRL's account owing, long standing legal settlement in H1 and so on? Doesn't this obviously mean that future benefits of a cleaner balance sheet will not accrue to current shareholders, which is not a great at all?
As someone mentioned the number of investible firms in NSE continue to diminish and we will perhaps only be left with banks, Safaricom and a few other well run firms.
As Europe stagnates economically, Europeans are snatching up undervalued businesses from locals. As long as we do not sell, does it matter? Unga: I have refused to sell my shares at a pittance but it is NOT Seaboard but the Ndegwas (who sold us their crap - Ennsvalley) that are screwing us over. KK: If you think 23/- isn't a fair price then do not sell. The share will become hung.. Few trades below KES 23 with none above KES 23 Thanks for sharing our pain with us I the "regulatory boards" (CMA, COMESA, CAK) give their approvals by end of November so we can wrap this up by 1Q 2019. Totally hung share, as anticipated, made worse by the ongoing investigation against Aly and Co.. Let shareholders at Kenol Kobil hope for better things next year, while remembering Puma Thank you for your concern as we wait for Rubis to come through. We do remember Puma but some of us do not mind holding onto KK given its profitability even if Rubis leaves. We received a dividend for 1H and if Rubis doesn't come through, we will be comforted by another dividend for 2H. Whereas we do appreciate your concern for our well-being, please show us your appreciation by paying your fuel suppliers on time. Its a win,win situation.If rubis pays=capital gains.If rubis give up= continuous dividend income. Towards the goal of financial freedom
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Rank: Chief Joined: 1/3/2007 Posts: 18,049 Location: Nairobi
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@Ebenyo - Wachana na kelele ya chura We are in good hands however it turns out. If Rubis takes us out, we get 23/- to reinvest. If not then KK, under Ohana, has paid us increasing dividends... I expect that to continue. Will there be hiccups? Yes! I am quite happy with a well-run firm in a very tough economy. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 1/3/2007 Posts: 18,049 Location: Nairobi
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No.3 - Kenol Kobil: Top 5 Best Performing Listed Companies In Kenya. -Invest In Africa @NaboCapital https://www.youtube.com/...Fk&feature=youtu.be
100/- in 2013 to 233/- in 2018 Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 1/3/2007 Posts: 18,049 Location: Nairobi
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Another vid from Pius Mugo of Nabo Capital https://www.youtube.com/...HY&feature=youtu.be
KK mentioned Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 4/4/2016 Posts: 1,996 Location: Kitale
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COMESA has okeyed Rubis takeover deal.We now wait CMA to clear with Aly khan sachu. https://www.standardmedi...olkobil-acquisition-deal Towards the goal of financial freedom
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Rank: Chief Joined: 1/3/2007 Posts: 18,049 Location: Nairobi
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Rank: Chief Joined: 1/3/2007 Posts: 18,049 Location: Nairobi
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Cooking gas consumption jumps 40pc on extended logging ban https://www.businessdail...4923152-aqykb/index.htmlGreedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 7/1/2014 Posts: 895 Location: sky
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big demand today above 20, what's the news or possible counter offer? There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
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Rank: Member Joined: 9/14/2011 Posts: 834 Location: nairobi
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littledove wrote:big demand today above 20, what's the news or possible counter offer? in todays Nation there is communication on the sale
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Rank: Member Joined: 7/1/2014 Posts: 895 Location: sky
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heri wrote:littledove wrote:big demand today above 20, what's the news or possible counter offer? in todays Nation there is communication on the sale what exactly is the communication, no supply within 10% limit range There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
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Rank: Member Joined: 7/21/2010 Posts: 249 Location: nairobi
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littledove wrote:heri wrote:littledove wrote:big demand today above 20, what's the news or possible counter offer? in todays Nation there is communication on the sale what exactly is the communication, no supply within 10% limit range https://www.kenolkobil.c...fer_by_rubis_energie.pdf..desire to succeed is always fighting with fear of failure..
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Rank: Elder Joined: 12/4/2009 Posts: 10,636 Location: NAIROBI
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maina20 wrote:littledove wrote:heri wrote:[quote=littledove]big demand today above 20, what's the news or possible counter offer? in todays Nation there is communication on the sale what exactly is the communication, no supply within 10% limit range https://www.kenolkobil.c...er_by_rubis_energie.pdf[/quote] After today KK will be history just like Rea Vipingo Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: User Joined: 8/15/2013 Posts: 13,236 Location: Vacuum
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Ericsson wrote:maina20 wrote:littledove wrote:heri wrote:[quote=littledove]big demand today above 20, what's the news or possible counter offer? in todays Nation there is communication on the sale what exactly is the communication, no supply within 10% limit range https://www.kenolkobil.c...er_by_rubis_energie.pdf[/quote] After today KK will be history just like Rea Vipingo VVS must be ecstatic If Obiero did it, Who Am I?
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Rank: Member Joined: 2/20/2007 Posts: 767
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Swenani wrote:Ericsson wrote:maina20 wrote:littledove wrote:heri wrote:[quote=littledove]big demand today above 20, what's the news or possible counter offer? in todays Nation there is communication on the sale what exactly is the communication, no supply within 10% limit range https://www.kenolkobil.c...er_by_rubis_energie.pdf[/quote] After today KK will be history just like Rea Vipingo VVS must be ecstatic Ehe. How shall we get the communication. I am readyy to sign and move on. They must find it difficult....... those who have taken authority as the truth, rather than truth as the authority. -G. Massey.
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Rank: Veteran Joined: 4/4/2016 Posts: 1,996 Location: Kitale
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tom_boy wrote:Swenani wrote:Ericsson wrote:maina20 wrote:littledove wrote:heri wrote:[quote=littledove]big demand today above 20, what's the news or possible counter offer? in todays Nation there is communication on the sale what exactly is the communication, no supply within 10% limit range https://www.kenolkobil.c...er_by_rubis_energie.pdf[/quote] After today KK will be history just like Rea Vipingo VVS must be ecstatic Ehe. How shall we get the communication. I am readyy to sign and move on. we need to know what shareholders are required to do to effect the deal. Towards the goal of financial freedom
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Rank: Chief Joined: 1/3/2007 Posts: 18,049 Location: Nairobi
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Swenani wrote:Ericsson wrote:maina20 wrote:littledove wrote:heri wrote:[quote=littledove]big demand today above 20, what's the news or possible counter offer? in todays Nation there is communication on the sale what exactly is the communication, no supply within 10% limit range https://www.kenolkobil.c...er_by_rubis_energie.pdf[/quote] After today KK will be history just like Rea Vipingo VVS must be ecstatic Awaiting the RTGS in 60 days. 😁 Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 7/21/2010 Posts: 249 Location: nairobi
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Ebenyo wrote:tom_boy wrote:Swenani wrote:Ericsson wrote:maina20 wrote:littledove wrote:heri wrote:[quote=littledove]big demand today above 20, what's the news or possible counter offer? in todays Nation there is communication on the sale what exactly is the communication, no supply within 10% limit range https://www.kenolkobil.c...er_by_rubis_energie.pdf[/quote] After today KK will be history just like Rea Vipingo VVS must be ecstatic Ehe. How shall we get the communication. I am readyy to sign and move on. we need to know what shareholders are required to do to effect the deal. https://www.kenolkobil.c...ie-take-over-offer.html
..desire to succeed is always fighting with fear of failure..
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Rank: Chief Joined: 1/3/2007 Posts: 18,049 Location: Nairobi
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If you do not receive the packet by 31st Jan, you should go see your broker! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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