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KenolKobil 2018 and beyond
mlennyma
#361 Posted : Saturday, January 12, 2019 7:29:50 AM
Rank: Elder


Joined: 7/21/2010
Posts: 5,902
Location: nairobi
VituVingiSana wrote:
If you do not receive the packet by 31st Jan, you should go see your broker!

the nse has taught me tough lessons and Kk has saved my portfolio,i could be bleeding non stop were it not for Kk,good luck darling I wish you well and I will miss your valued company..having learned this lessons I can only buy safaricom below 15 or kcb below 30 with this money.truely be patient Jesus will come back.
"Don't let the fear of losing be greater than the excitement of winning."
Ericsson
#362 Posted : Saturday, January 12, 2019 8:53:43 AM
Rank: Elder


Joined: 12/4/2009
Posts: 6,049
Location: NAIROBI
mlennyma wrote:
VituVingiSana wrote:
If you do not receive the packet by 31st Jan, you should go see your broker!

the nse has taught me tough lessons and Kk has saved my portfolio,i could be bleeding non stop were it not for Kk,good luck darling I wish you well and I will miss your valued company..having learned this lessons I can only buy safaricom below 15 or kcb below 30 with this money.truely be patient Jesus will come back.


Safaricom is on an upward trend if you check.It was oversold at 21.50-22
VituVingiSana
#363 Posted : Saturday, January 12, 2019 4:17:15 PM
Rank: Chief


Joined: 1/3/2007
Posts: 15,148
Location: Nairobi
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 Laughing out loudly Laughing out loudly Laughing out loudly
I Pray 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

Laughing out loudly Laughing out loudly Laughing out loudly No idea where this chap is BUT I think I may double my money in KK (12 March 2019) in the same amount of time he halved his in KQ!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
VituVingiSana
#364 Posted : Saturday, January 12, 2019 4:21:43 PM
Rank: Chief


Joined: 1/3/2007
Posts: 15,148
Location: Nairobi
Ericsson wrote:
[quote=VituVingiSana]Good news for KK - but I may not benefit from the profits given Rubis wants to buy me out. https://www.businessdail...5248-hm0abcz/index.html
and Oil Slumps Below $60 in London For First Time Since October 2017 https://www.bloomberg.co...s-of-global-supply-glut[/quote]

The purchase of kk by Rubis is on a standstill

Ati?
Laughing out loudly Laughing out loudly Laughing out loudly Payment Date from 11 March 2019 Applause Drool Applause Drool
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Monk
#365 Posted : Sunday, January 13, 2019 7:02:44 AM
Rank: Member


Joined: 7/1/2009
Posts: 53
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 Laughing out loudly Laughing out loudly Laughing out loudly
I Pray 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

Laughing out loudly Laughing out loudly Laughing out loudly No idea where this chap is BUT I think I may double my money in KK (12 March 2019) in the same amount of time he halved his in KQ!


Sounds like you miss your sparring partner :)
VituVingiSana
#366 Posted : Sunday, January 13, 2019 9:14:41 AM
Rank: Chief


Joined: 1/3/2007
Posts: 15,148
Location: Nairobi
@Monk - I do miss our village madman Laughing out loudly Laughing out loudly Laughing out loudly
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
ombaalbt
#367 Posted : Sunday, January 13, 2019 9:33:36 AM
Rank: New-farer


Joined: 5/19/2014
Posts: 67
Location: Migori
VituVingiSana wrote:
@Monk - I do miss our village madman Laughing out loudly Laughing out loudly Laughing out loudly


The bear has run some wazuans out of town.
Learning to sit on my hands
Kenyan Oracle
#368 Posted : Monday, January 14, 2019 11:39:15 AM
Rank: Member


Joined: 5/31/2011
Posts: 129
No One is coming up with a counter offer?
Puma where though at?
You lose money chasing women, but you never lose women chasing money - NAS
VituVingiSana
#369 Posted : Monday, January 14, 2019 3:50:38 PM
Rank: Chief


Joined: 1/3/2007
Posts: 15,148
Location: Nairobi
KK forms are trickling in!

The only catch is that Rubis is allowed to extend the offer until 30 July 2019 and that is something I would NOT want to see.

BUT I hope they choose the Stanbic route by having 2 payout dates.
All those who submit by 18th Feb get paid by 12th Mar.
Those who submit forms after 18th Feb get paid in round two say 3 weeks after the 2nd closing date.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Aguytrying
#370 Posted : Monday, January 14, 2019 5:38:48 PM
Rank: Elder


Joined: 7/11/2010
Posts: 5,017
VituVingiSana wrote:
KK forms are trickling in!

The only catch is that Rubis is allowed to extend the offer until 30 July 2019 and that is something I would NOT want to see.

BUT I hope they choose the Stanbic route by having 2 payout dates.
All those who submit by 18th Feb get paid by 12th Mar.
Those who submit forms after 18th Feb get paid in round two say 3 weeks after the 2nd closing date.


I'm yet to get mine. Waiting patiently. Might give them a call soon
The investor's chief problem - and even his worst enemy - is likely to be himself
mlennyma
#371 Posted : Monday, January 14, 2019 5:49:44 PM
Rank: Elder


Joined: 7/21/2010
Posts: 5,902
Location: nairobi
Aguytrying wrote:
VituVingiSana wrote:
KK forms are trickling in!

The only catch is that Rubis is allowed to extend the offer until 30 July 2019 and that is something I would NOT want to see.

BUT I hope they choose the Stanbic route by having 2 payout dates.
All those who submit by 18th Feb get paid by 12th Mar.
Those who submit forms after 18th Feb get paid in round two say 3 weeks after the 2nd closing date.


I'm yet to get mine. Waiting patiently. Might give them a call soon

Image registers have confirmed posting my forms today through an sms alert but Iam impatient I might pop in their offices tomorrow to get others.
"Don't let the fear of losing be greater than the excitement of winning."
murchr
#372 Posted : Monday, January 14, 2019 9:36:10 PM
Rank: Elder


Joined: 2/26/2012
Posts: 13,909
mlennyma wrote:
Aguytrying wrote:
VituVingiSana wrote:
KK forms are trickling in!

The only catch is that Rubis is allowed to extend the offer until 30 July 2019 and that is something I would NOT want to see.

BUT I hope they choose the Stanbic route by having 2 payout dates.
All those who submit by 18th Feb get paid by 12th Mar.
Those who submit forms after 18th Feb get paid in round two say 3 weeks after the 2nd closing date.


I'm yet to get mine. Waiting patiently. Might give them a call soon

Image registers have confirmed posting my forms today through an sms alert but Iam impatient I might pop in their offices tomorrow to get others.


Why are we so slow in adopting technology? All they need is a valid email address from me - which they have since i have received their email, then they should offer an option of how they would want me to sign and submit my forms, either electronically or via snail mail.

When is the deadline to sign those forms?
"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
.
VituVingiSana
#373 Posted : Tuesday, January 15, 2019 12:06:22 AM
Rank: Chief


Joined: 1/3/2007
Posts: 15,148
Location: Nairobi
Aguytrying wrote:
VituVingiSana wrote:
KK forms are trickling in!

The only catch is that Rubis is allowed to extend the offer until 30 July 2019 and that is something I would NOT want to see.

BUT I hope they choose the Stanbic route by having 2 payout dates.
All those who submit by 18th Feb get paid by 12th Mar.
Those who submit forms after 18th Feb get paid in round two say 3 weeks after the 2nd closing date.


I'm yet to get mine. Waiting patiently. Might give them a call soon
SMS and e-mail that they will start delivering (by post) them soon. End of week?
And then 3 weeks to submit the forms. No rush smile
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
lochaz-index
#374 Posted : Tuesday, January 15, 2019 1:27:12 PM
Rank: Veteran


Joined: 9/18/2014
Posts: 933
VituVingiSana wrote:
Ericsson wrote:
[quote=VituVingiSana]Good news for KK - but I may not benefit from the profits given Rubis wants to buy me out. https://www.businessdail...5248-hm0abcz/index.html
and Oil Slumps Below $60 in London For First Time Since October 2017 https://www.bloomberg.co...s-of-global-supply-glut[/quote]

The purchase of kk by Rubis is on a standstill

Ati?
Laughing out loudly Laughing out loudly Laughing out loudly Payment Date from 11 March 2019 Applause Drool Applause Drool

The timing of this buyout will afford immeasurable liquidity to shareholders vis a vis the state of the market. The returns obtained from KK not withstanding the best part is getting to pick off the market at its (near) lows. The 6 years hold was worth the wait.
The main purpose of the stock market is to make fools of as many people as possible.
MaichBlack
#375 Posted : Tuesday, January 15, 2019 1:51:30 PM
Rank: Elder


Joined: 7/22/2009
Posts: 7,220
VituVingiSana wrote:
KK forms are trickling in!

The only catch is that Rubis is allowed to extend the offer until 30 July 2019 and that is something I would NOT want to see.

BUT I hope they choose the Stanbic route by having 2 payout dates.
All those who submit by 18th Feb get paid by 12th Mar.
Those who submit forms after 18th Feb get paid in round two say 3 weeks after the 2nd closing date.

I got an sms yesterday informing me my forms have been mailed. I will miss my dear KK. He he he.

I will throw that money at some nice counters so that I can continue enjoying the power of compounding!!!
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
heri
#376 Posted : Tuesday, January 15, 2019 1:54:43 PM
Rank: Member


Joined: 9/14/2011
Posts: 651
Location: nairobi
lochaz-index wrote:
VituVingiSana wrote:
Ericsson wrote:
[quote=VituVingiSana]Good news for KK - but I may not benefit from the profits given Rubis wants to buy me out. https://www.businessdail...5248-hm0abcz/index.html
and Oil Slumps Below $60 in London For First Time Since October 2017 https://www.bloomberg.co...s-of-global-supply-glut[/quote]

The purchase of kk by Rubis is on a standstill

Ati?
Laughing out loudly Laughing out loudly Laughing out loudly Payment Date from 11 March 2019 Applause Drool Applause Drool

The timing of this buyout will afford immeasurable liquidity to shareholders vis a vis the state of the market. The returns obtained from KK not withstanding the best part is getting to pick off the market at its (near) lows. The 6 years hold was worth the wait.
true. Which counters would you recommend? I can't seem to find any? Thinking of putting the cash in safaricom and kcb or equity. The investable counters seem to be very few
mlennyma
#377 Posted : Tuesday, January 15, 2019 2:50:51 PM
Rank: Elder


Joined: 7/21/2010
Posts: 5,902
Location: nairobi
The register of this share should be stopped.
"Don't let the fear of losing be greater than the excitement of winning."
peep
#378 Posted : Tuesday, January 15, 2019 7:43:13 PM
Rank: Member


Joined: 3/30/2009
Posts: 49
VituVingiSana wrote:

Laughing out loudly Laughing out loudly Laughing out loudly No idea where this chap is BUT I think I may double my money in KK (12 March 2019) in the same amount of time he halved his in KQ!

If you have doubled your money, spare a thought for me. I bought at ksh 53 (before the 10 for 1 split) making my buy price ksh 5.30. Though there has never been a bonus, the dividends were good and adequately covered the inflationary effect.smile smile I'm now thinking of putting the proceeds in KPLC...buy when there is blood in the streets....
MaichBlack
#379 Posted : Tuesday, January 15, 2019 8:14:55 PM
Rank: Elder


Joined: 7/22/2009
Posts: 7,220
peep wrote:
VituVingiSana wrote:

Laughing out loudly Laughing out loudly Laughing out loudly No idea where this chap is BUT I think I may double my money in KK (12 March 2019) in the same amount of time he halved his in KQ!

If you have doubled your money, [color=red]spare a thought for me[/color[. I bought at ksh 53 (before the 10 for 1 split) making my buy price ksh 5.30. Though there has never been a bonus, the dividends were good and adequately covered the inflationary effect.smile smile I'm now thinking of putting the proceeds in KPLC...buy when there is blood in the streets....

That statement is misleading. But I understand the excitement.
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
MaichBlack
#380 Posted : Tuesday, January 15, 2019 8:32:03 PM
Rank: Elder


Joined: 7/22/2009
Posts: 7,220
Link: Post #205. Down memory lane

Thank you ever so much @vvs (the main driver) and the other co-drivers of this bus!!!

At 50/= pre-split, that was a buying price of 5/= per share. That is a return of 500% including dividends in 8 years.

I love this long term sh!t. Good thing I don't listen to kelele ya chura. As people were busy making fun of us and calling us gamblers in the NSE "casino" tings were cooking. Laughing all the way to the bank!!!
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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