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KenolKobil 2018 and beyond
Rank: Elder Joined: 12/25/2014 Posts: 2,300 Location: kenya
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murchr wrote:enyands wrote:who has that form that i'm supposed to sign for "take over offer" . I went to their website looking for the form and its very ambiguous and no where to be seen
also what are the repercussions incase i refuse to sign the take over offer? will my shares be taken to Unclaimed assets ama
please assist You are locked in.....you will be a part owner of Rubis with no say and possibly no way to get out. The information was out there to either reach out to your broker or the assigned people. You can ask those who got locked in Access to tell you their experience sante , will talk to my broker somehow . thanks
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Rank: Elder Joined: 9/15/2006 Posts: 3,901
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Acceptance rate 97.6%  
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Rank: Elder Joined: 2/26/2012 Posts: 15,979
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Excellent "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: New-farer Joined: 11/28/2018 Posts: 42 Location: Nairobi
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enyands wrote:murchr wrote:enyands wrote:who has that form that i'm supposed to sign for "take over offer" . I went to their website looking for the form and its very ambiguous and no where to be seen
also what are the repercussions incase i refuse to sign the take over offer? will my shares be taken to Unclaimed assets ama
please assist You are locked in.....you will be a part owner of Rubis with no say and possibly no way to get out. The information was out there to either reach out to your broker or the assigned people. You can ask those who got locked in Access to tell you their experience sante , will talk to my broker somehow . thanks Boss, that's not true. Since the terms of the offer have been satisfied, Rubis will do compulsory buy-out of remaining shares at KES 23. Jus wait for money....Sahau kenol-Kobil.
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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drogon wrote:enyands wrote:murchr wrote:enyands wrote:who has that form that i'm supposed to sign for "take over offer" . I went to their website looking for the form and its very ambiguous and no where to be seen
also what are the repercussions incase i refuse to sign the take over offer? will my shares be taken to Unclaimed assets ama
please assist You are locked in.....you will be a part owner of Rubis with no say and possibly no way to get out. The information was out there to either reach out to your broker or the assigned people. You can ask those who got locked in Access to tell you their experience sante , will talk to my broker somehow . thanks Boss, that's not true. Since the terms of the offer have been satisfied, Rubis will do compulsory buy-out of remaining shares at KES 23. Jus wait for money....Sahau kenol-Kobil. They have referred to it as a 'squeeze out' and asked for an enhanced suspension of the share in facilitation of the same
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Member Joined: 1/1/2011 Posts: 396
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muganda wrote:Acceptance rate 97.6% Squeeze outs are essentially unconstitutional. No one can legally force you to sell your shares under any circumstances. The only problems you will encounter will be that your shares are now illiquid, you have no say in meetings of any sort, etc. But you will be entitled to your pro-rata dividends without fail.
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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jmbada wrote:muganda wrote:Acceptance rate 97.6% Squeeze outs are essentially unconstitutional. No one can legally force you to sell your shares under any circumstances. The only problems you will encounter will be that your shares are now illiquid, you have no say in meetings of any sort, etc. But you will be entitled to your pro-rata dividends without fail. Our Kenyan legal system in this case will aid no one. The judiciary is our weakest link as a people. Rubis will buy out any judge to get the 100%. This buyout was littered with fraud and the KK shareholders are very lucky.
HF 30,000 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: 18,053 Location: Nairobi
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Driven by hunger, a fox tried to reach some grapes hanging high on the vine but was unable to, although he leaped with all his strength. As he went away, the fox remarked 'Oh, you aren't even ripe yet! I don't need any sour grapes.' People who speak disparagingly of things that they cannot attain would do well to apply this story to themselves. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 2/26/2012 Posts: 15,979
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obiero wrote:jmbada wrote:muganda wrote:Acceptance rate 97.6% Squeeze outs are essentially unconstitutional. No one can legally force you to sell your shares under any circumstances. The only problems you will encounter will be that your shares are now illiquid, you have no say in meetings of any sort, etc. But you will be entitled to your pro-rata dividends without fail. Our Kenyan legal system in this case will aid no one. The judiciary is our weakest link as a people. Rubis will buy out any judge to get the 100%. This buyout was littered with fraud and the KK shareholders are very lucky. Have squeeze outs happened before? I don't even think there's a law allowing that. I hope those who did not submit their forms will not stop the party for everyone else. "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Chief Joined: 1/3/2007 Posts: 18,053 Location: Nairobi
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Rubis will probably pay off those who submitted their shares. 4 days and counting!  The 3% can wait for their payout later. Or not. I don't care. I wonder if the AKS group will get their share of the pie... https://www.rubis-offer.co.keGreedy 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: 18,053 Location: Nairobi
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The moolah is a-coming 3 days! https://kenyanwallstreet...ekly-flights-to-nairobi/Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 1/1/2011 Posts: 396
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obiero wrote:jmbada wrote:muganda wrote:Acceptance rate 97.6% Squeeze outs are essentially unconstitutional. No one can legally force you to sell your shares under any circumstances. The only problems you will encounter will be that your shares are now illiquid, you have no say in meetings of any sort, etc. But you will be entitled to your pro-rata dividends without fail. Our Kenyan legal system in this case will aid no one. The judiciary is our weakest link as a people. Rubis will buy out any judge to get the 100%. This buyout was littered with fraud and the KK shareholders are very lucky. My point was much simpler than this. Even if you are an existing shareholder, don't tender ALL your shares. Keep a few, even 1 share and you can continue to access AGMs for one of the best OMCs in the Kenyan Market for a very long time. Possibly even passing the retained shares on to your offspring.
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Rank: Chief Joined: 1/3/2007 Posts: 18,053 Location: Nairobi
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jmbada wrote:obiero wrote:jmbada wrote:muganda wrote:Acceptance rate 97.6% Squeeze outs are essentially unconstitutional. No one can legally force you to sell your shares under any circumstances. The only problems you will encounter will be that your shares are now illiquid, you have no say in meetings of any sort, etc. But you will be entitled to your pro-rata dividends without fail. Our Kenyan legal system in this case will aid no one. The judiciary is our weakest link as a people. Rubis will buy out any judge to get the 100%. This buyout was littered with fraud and the KK shareholders are very lucky. My point was much simpler than this. Even if you are an existing shareholder, don't tender ALL your shares. Keep a few, even 1 share and you can continue to access AGMs for one of the best OMCs in the Kenyan Market for a very long time. Possibly even passing the retained shares on to your offspring. If I recall, the Offer from Rubis was for ALL (or none) of the shares. No nusu mkate. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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VituVingiSana wrote:jmbada wrote:obiero wrote:jmbada wrote:muganda wrote:Acceptance rate 97.6% Squeeze outs are essentially unconstitutional. No one can legally force you to sell your shares under any circumstances. The only problems you will encounter will be that your shares are now illiquid, you have no say in meetings of any sort, etc. But you will be entitled to your pro-rata dividends without fail. Our Kenyan legal system in this case will aid no one. The judiciary is our weakest link as a people. Rubis will buy out any judge to get the 100%. This buyout was littered with fraud and the KK shareholders are very lucky. My point was much simpler than this. Even if you are an existing shareholder, don't tender ALL your shares. Keep a few, even 1 share and you can continue to access AGMs for one of the best OMCs in the Kenyan Market for a very long time. Possibly even passing the retained shares on to your offspring. If I recall, the Offer from Rubis was for ALL (or none) of the shares. No nusu mkate. I see you chief. The coincidence of you holding buy out firms is not a good sign. UNGA, NIC, KK.. Wewe ni cartel
HF 30,000 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: 18,053 Location: Nairobi
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obiero wrote:VituVingiSana wrote:jmbada wrote:obiero wrote:jmbada wrote:muganda wrote:Acceptance rate 97.6% Squeeze outs are essentially unconstitutional. No one can legally force you to sell your shares under any circumstances. The only problems you will encounter will be that your shares are now illiquid, you have no say in meetings of any sort, etc. But you will be entitled to your pro-rata dividends without fail. Our Kenyan legal system in this case will aid no one. The judiciary is our weakest link as a people. Rubis will buy out any judge to get the 100%. This buyout was littered with fraud and the KK shareholders are very lucky. My point was much simpler than this. Even if you are an existing shareholder, don't tender ALL your shares. Keep a few, even 1 share and you can continue to access AGMs for one of the best OMCs in the Kenyan Market for a very long time. Possibly even passing the retained shares on to your offspring. If I recall, the Offer from Rubis was for ALL (or none) of the shares. No nusu mkate. I see you chief. The coincidence of you holding buy out firms is not a good sign. UNGA, NIC, KK.. Wewe ni cartel  Some of us STUDY the Financial Statements, attend AGMs, do calculations like PER, PB, NAV/share, etc [and still get it wrong eg ARM] No "inside info" or "Exchange Bar" or "Open Offers" or "Free Flights/Lounges"  Plus I have been telling folks about KK and Unga for ages. I pity the fools who bought KQ on your recommendation. Those who bought KK and Unga in the same timeframe are rolling in the dough One @ericsson even made fun of me about NIC http://www.wazua.co.ke/f...41&f=1&q=855249 20th Nov 2018 I am +50% on NIC since 20 Nov 2018. #57 http://www.wazua.co.ke/f...sts&t=36241&p=3
#58 @Horton - No stress. I am in the money! #61 @Heri - I hope you have broken even http://www.wazua.co.ke/f...sts&t=36241&p=4
#68 I pity those who listened to @lochaz-index on NIC on 21 Nov 2018 #69 @Ericsson on 5th Dec 2018 "Counter heading towards sub 20 as bad loans weigh heavily"  #71 @Obiero  Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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VituVingiSana wrote:obiero wrote:VituVingiSana wrote:jmbada wrote:obiero wrote:jmbada wrote:muganda wrote:Acceptance rate 97.6% Squeeze outs are essentially unconstitutional. No one can legally force you to sell your shares under any circumstances. The only problems you will encounter will be that your shares are now illiquid, you have no say in meetings of any sort, etc. But you will be entitled to your pro-rata dividends without fail. Our Kenyan legal system in this case will aid no one. The judiciary is our weakest link as a people. Rubis will buy out any judge to get the 100%. This buyout was littered with fraud and the KK shareholders are very lucky. My point was much simpler than this. Even if you are an existing shareholder, don't tender ALL your shares. Keep a few, even 1 share and you can continue to access AGMs for one of the best OMCs in the Kenyan Market for a very long time. Possibly even passing the retained shares on to your offspring. If I recall, the Offer from Rubis was for ALL (or none) of the shares. No nusu mkate. I see you chief. The coincidence of you holding buy out firms is not a good sign. UNGA, NIC, KK.. Wewe ni cartel Some of us STUDY the Financial Statements, attend AGMs, do calculations like PER, PB, NAV/share, etc [and still get it wrong eg ARM] No "inside info" or "Exchange Bar" or "Open Offers" or "Free Flights/Lounges" Plus I have been telling folks about KK and Unga for ages. I pity the fools who bought KQ on your recommendation. Those who bought KK and Unga in the same timeframe are rolling in the dough One @ericsson even made fun of me about NIC http://www.wazua.co.ke/f...41&f=1&q=855249 20th Nov 2018 I am +50% on NIC since 20 Nov 2018. #57 http://www.wazua.co.ke/f...sts&t=36241&p=3
#58 @Horton - No stress. I am in the money! #61 @Heri - I hope you have broken even http://www.wazua.co.ke/f...sts&t=36241&p=4
#68 I pity those who listened to @lochaz-index on NIC on 21 Nov 2018 #69 @Ericsson on 5th Dec 2018 "Counter heading towards sub 20 as bad loans weigh heavily" #71 @Obiero Cartel wewe 😔
HF 30,000 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: 18,053 Location: Nairobi
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Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett @Obiero - Take some time to read what Warren Buffett has written about investing. The info is available FREE OF CHARGE except for time and bundles. Think long-term. Think management. Don't listen to kelele ya chura. Go to the AGMs. Ask questions. Observe the marketplace. Of course, you can ignore my advice and continue buying KQ Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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VituVingiSana wrote:Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett @Obiero - Take some time to read what Warren Buffett has written about investing. The info is available FREE OF CHARGE except for time and bundles. Think long-term. Think management. Don't listen to kelele ya chura. Go to the AGMs. Ask questions. Observe the marketplace. Of course, you can ignore my advice and continue buying KQ There's nothing wrong with the current KQ management
HF 30,000 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: 18,053 Location: Nairobi
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obiero wrote:VituVingiSana wrote:Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett @Obiero - Take some time to read what Warren Buffett has written about investing. The info is available FREE OF CHARGE except for time and bundles. Think long-term. Think management. Don't listen to kelele ya chura. Go to the AGMs. Ask questions. Observe the marketplace. Of course, you can ignore my advice and continue buying KQ There's nothing wrong with the current KQ management 2 more days as we await the monsoon of manna dropped from an Air France plane Take heart. KQ might deliver manna for you too. I am also an unwitting shareholder in KQ. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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VituVingiSana wrote:obiero wrote:VituVingiSana wrote:Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett @Obiero - Take some time to read what Warren Buffett has written about investing. The info is available FREE OF CHARGE except for time and bundles. Think long-term. Think management. Don't listen to kelele ya chura. Go to the AGMs. Ask questions. Observe the marketplace. Of course, you can ignore my advice and continue buying KQ There's nothing wrong with the current KQ management 2 more days as we await the monsoon of manna dropped from an Air France plane Take heart. KQ might deliver manna for you too. I am also an unwitting shareholder in KQ. Asante. Hope is eternal
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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