tag:blogger.com,1999:blog-37479680.post7530665456334608466..comments2023-11-02T16:07:58.430+00:00Comments on Kenya Capital Investment Group: Why Triton stole and unanswered questionsMainaThttp://www.blogger.com/profile/12266497232119983697noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-37479680.post-34606482449161660852009-01-17T07:01:00.000+00:002009-01-17T07:01:00.000+00:00CT-In the UK MTNS have to be registered as an inst...CT-In the UK MTNS have to be registered as an instrument.<BR/>It turns out they were short-term notes anywayMainaThttps://www.blogger.com/profile/12266497232119983697noreply@blogger.comtag:blogger.com,1999:blog-37479680.post-32756510747210042802009-01-16T16:35:00.000+00:002009-01-16T16:35:00.000+00:00MainaT: How does DN claim no fuel shortages in Uga...MainaT: How does DN claim no fuel shortages in Uganda? Nation Media owns Monitor of Uganda.<BR/><BR/>MTNs: No, coz no 'public' market. Buyer beware in that you can buy them on the private market. The costs of issuing MTNs would jump considerably. What next? CMA regulates medium term bank loans (similar to MTNs)?<BR/><BR/>Banks: Yep... could be an issue. BUT KCB is safe in that sue KPC into bankruptcy. Then restructure it and sell it off!<BR/><BR/>Before the bankruptcy is done... the gov't will pay up!coldtuskerhttps://www.blogger.com/profile/11310224592572460759noreply@blogger.comtag:blogger.com,1999:blog-37479680.post-55521323905346065992009-01-14T20:31:00.000+00:002009-01-14T20:31:00.000+00:00CT- this has been a developing story and 2ndly, I ...CT- this has been a developing story and 2ndly, I doubt if the DN journalist covering this story all have the level of financial knowledge you have. Yes, they could have double checked their sources with the oil marketers. MTNs are a tradeable instrument so they have to be regulated.<BR/>Banks-when will KCB learn to avoid political loans?MainaThttps://www.blogger.com/profile/12266497232119983697noreply@blogger.comtag:blogger.com,1999:blog-37479680.post-87620725195707179902009-01-14T09:12:00.000+00:002009-01-14T09:12:00.000+00:00even bigger question was tax paid on the missing o...even bigger question was tax paid on the missing oil? If it was sold localy, and no tax was paid, then kenya revenue authority (KRA) may have a superior claim to KCB's debenturebankelelehttps://www.blogger.com/profile/01180926084939364063noreply@blogger.comtag:blogger.com,1999:blog-37479680.post-47179007694114387012009-01-14T07:53:00.000+00:002009-01-14T07:53:00.000+00:00MainaT: Whatcha smoking?http://www.nation.co.ke/Ne...MainaT: Whatcha smoking?<BR/><BR/>http://www.nation.co.ke/News/-/1056/507830/-/u0pbhc/-/index.html<BR/><BR/>DN 'investigations' claim fuel shortages coz of hoarding. DN 'investigations' claim there are no fuel shortages in Uganda, Rwanda & S.Sudan.<BR/><BR/>BUNCH OF LIES... they did not apologise for the faux pas!<BR/><BR/>1) KCB values the loan based on the amount they lend. Under OTS, the sale price is guaranteed/fixed as long you supply under the OTS rules.<BR/><BR/>2) The oil is collateral & technically sold the same month at the OTS price. Triton tried to game the system.<BR/><BR/>3) MTNs are NOT public debt. They are not & should not be in the purview of CMA.<BR/><BR/>4) KPC is not (& should not be) in the business of importing oil. Their job is to store (coz they were given KOSF) & transport the oil.coldtuskerhttps://www.blogger.com/profile/11310224592572460759noreply@blogger.com