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Impending DOOM for neverready!!
guru267
#1 Posted : Monday, October 04, 2010 11:03:10 PM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
VituVingiSana
#2 Posted : Monday, October 04, 2010 11:36:18 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,259
Location: Nairobi
Firing people does not mean impending doom... Yes, it may mean lower sales meant fewer employees needed but new machinery may mean a greater degree of automation...

That said... I do not like Neveready but I would like it to survive as a firm since it provides jobs to Kenyans with the attendant benefits of being a local firm vs imports from China...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
mlennyma
#3 Posted : Tuesday, October 05, 2010 12:06:12 AM
Rank: Elder


Joined: 7/21/2010
Posts: 6,192
Location: nairobi
When all the staff its cutting is over,it will cut itself...smith must think how to diversify
"Don't let the fear of losing be greater than the excitement of winning."
hisah
#4 Posted : Tuesday, October 05, 2010 1:11:40 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
How long will it take to get delisted? This should have made a nice short selling stock.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
muganda
#5 Posted : Friday, October 22, 2010 11:50:36 AM
Rank: Elder


Joined: 9/15/2006
Posts: 3,906
What are these rumours that too many Chinese are walking/meeting in Eveready in recent days noting that Merali is famed for his skill in selling companies?

Tread carefully though as a paka (unlike a caterpillar) often remains a paka.

sheep
#6 Posted : Friday, October 22, 2010 12:18:36 PM
Rank: Veteran


Joined: 7/24/2008
Posts: 781
hope nothing happens for the sake of qw and others.
The utimate goal of investing is to buy low sell high;if we re-write this core equation in psychology terms it becomes buy fear sell greed.
guru267
#7 Posted : Thursday, November 18, 2010 10:17:45 AM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
looks like the stock is headed for 2bob before year end...

@qw where u @??? I hope you didn't take a loan for this one...
Mark 12:29
Deuteronomy 4:16
Sober
#8 Posted : Thursday, November 18, 2010 10:39:11 AM
Rank: Elder


Joined: 11/27/2007
Posts: 3,604
even safaricom is cutting down on the expenditure yet that is not resulting to a warning, at the same price the stock price is also on a downward trend. the inappropriate expenditure include taxis for the workers home.
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
Aguytrying
#9 Posted : Thursday, November 18, 2010 5:55:30 PM
Rank: Elder


Joined: 7/11/2010
Posts: 5,040
guru267 wrote:
looks like the stock is headed for 2bob before year end...

@qw where u @??? I hope you didn't take a loan for this one...

lol!! At loan. Theoretically speaking what would happen if a shares price went below a bob, this looks to be where this sucker is heading. Nb. Some degree of exaggeration.
The investor's chief problem - and even his worst enemy - is likely to be himself
VituVingiSana
#10 Posted : Thursday, November 18, 2010 10:22:51 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,259
Location: Nairobi
Neveready... is never ready... Shame on you Shame on you Shame on you
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
sparkly
#11 Posted : Friday, November 19, 2010 6:24:49 AM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
This is one company that has remained squarely planted in the dinosaur age. I would have expected them by now to be making Lithium-ion batteries for mobiles, digi-cams, flash lights or making green energy aka solar products. They should find out what happened to the typewriter. On another note why does the smith character continue to draw 8 figure salaries knowing that he is presiding over a dying company that has a 0% chance of turning around?
Life is short. Live passionately.
VituVingiSana
#12 Posted : Friday, November 19, 2010 8:11:43 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,259
Location: Nairobi
sparkly wrote:
This is one company that has remained squarely planted in the dinosaur age. I would have expected them by now to be making Lithium-ion batteries for mobiles, digi-cams, flash lights or making green energy aka solar products. They should find out what happened to the typewriter. On another note why does the smith character continue to draw 8 figure salaries knowing that he is presiding over a dying company that has a 0% chance of turning around?
Too ambitious! Very few countries have such manufacturing facilities [not to say NeveReady shouldn't try]...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
tony stark
#13 Posted : Friday, November 19, 2010 9:06:46 AM
Rank: Veteran


Joined: 7/8/2008
Posts: 947
VituVingiSana wrote:
sparkly wrote:
This is one company that has remained squarely planted in the dinosaur age. I would have expected them by now to be making Lithium-ion batteries for mobiles, digi-cams, flash lights or making green energy aka solar products. They should find out what happened to the typewriter. On another note why does the smith character continue to draw 8 figure salaries knowing that he is presiding over a dying company that has a 0% chance of turning around?
Too ambitious! Very few countries have such manufacturing facilities [not to say NeveReady shouldn't try]...

I am an unrepentant thief of ideas and I believe everyone should be. I think sparkly has a point. They dont really to manufacture they can just assemble solar products.
Like the solar lantern that the young Kenya, I hope he wins the CNN heroes award, is working on. Neveready should steal the idea and run with it if it isn't patented.
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