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Read the writing on the wall: NSE iko na wenyewe
Rank: Member Joined: 2/12/2008 Posts: 345
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Ok,ok,ok! Back to stocks please? Cables will close at starting prices as focus is bak on it. Kengen..i suggest sell..impact of bookclosure might take it back to 13. Centum is down..range 12bob..we are coming. CFCstanbic..todays drop is a lull...trend likely to resume next week. Total kenya..hope ya'l got some by now. I need to kno how they are payin for takeover n whether div policy's affected. All this...regardless who runs the NSE.
' I have heard of You,o Lord. Now mine eyes have seen thee!! Baal-Perazim.. The Lord of the Breakthrough!!'
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Rank: Member Joined: 7/28/2007 Posts: 290 Location: Nairobi
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@stockrat: Little knowledge is truely dangerous. Just read your papers well. This process took long. The resignation was done a several weeks back of but the board held it until a renown HR firm did the headhunting. Meanwhile,Mwangi had to resign from centum and get ready for the new job. As in public security,financial security transitions are very sensitive...stocks can become very volatile (and thus highly risky)
Life is worth living cos God planned it to be so.
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Rank: Member Joined: 10/18/2007 Posts: 217
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Mwana@ I totally agree with your views in a wide picture and this is what i have always advocated for our country. Peter mwangi as a person and Kenyan,he is the most qualified since the selection process seems to be have been done in a fair manner. NSE involves public money,therefore its does fall under a private ccompany aspect.
wote
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Rank: Member Joined: 11/21/2008 Posts: 2
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Ok thanks for the enlightenment. Personally i just have sour grapes cause i see nothing new and my portfolio went down 20% over the period. I have my eye on HFCK and thinking of getting some at 16.30
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Rank: Member Joined: 7/4/2008 Posts: 96
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And the forithy (policy) of kuoya kuoya (tendency to take and own everything) continues. Got rejuvenated in 2002. Lets cast our hopes to 2013. 'I have a dream... ...'
One plus one does not always equal to two.
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Rank: Elder Joined: 2/7/2007 Posts: 11,935 Location: Nairobi
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I call it futility.............How some educated people spend their lifes complaining about Mt Kenya this,Mt Kenya that.........without making the simplest of efforts to emulate.Ogutu is right and as Thingira would not want to say.......If you can't beat them,don't organise for them to be beaten.........Join them Guka wa bijuti... Nothing great was ever achieved without enthusiasm.
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Rank: Member Joined: 7/22/2008 Posts: 851 Location: nairobi
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I have lived long enough to know that maize cob roasting can not buy one a pickup. Unless if you are exporting them.... Maybe. But njoroge would like to convince you otherwise. Hee hee ! Not so funny.
The cunning of the Buffalo
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Rank: Elder Joined: 7/23/2008 Posts: 3,017
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To suggest that NSE is a private company yet they hold public money and transact in securities is very silly. NSE is as public as Uhuru park. I think Mwangi is very qualified for the job but the problem is the manner of appointment,it was a sneaky backdoor appointment,I am disappointed that he could not back himself to win the job openly and as I had already stated in a previous post,Mwangi new just when to resign from Centum. @ mwana,you have a valid point but I think its too little too late,what is needed is a new constitution not sharing of jobs based on tribal lines. I guess if you can't win with facts,you can always pen bile-laced,xenophobic rants to distract everyone. "The purpose of bureaucracy is to compensate for incompetence and lack of discipline." James Collins
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Rank: Member Joined: 7/31/2007 Posts: 7
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@mwana
what an unfortunate comment. was Mwebesa a kyuk? also ve u not been following the news n some who turned down the offer like former CDSC CEO Peter Waiyaki n the current CEO couldnt get it due to potential of instability?
Mwangi is cut out for the jobbo n lets see wat he does there n as jammo says turudi kwenye stocks...
we ve already 4gotten,'domo domo...we acha domo...kazi iendelee'
With all its sham,drudgery and broken dreams it is still a beautiful world.
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Rank: Elder Joined: 6/19/2008 Posts: 4,268
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@murenj
I want to challenge you. Would a teacher's salary build a masionette worth 5m? I bet you will say no. Someone is doing it in Kisumu. and it is a she. You know why? Because on her free time,she is a taxi driver despite the fact that she is a graduate and has a formal job. Now,tell many of the kenyans especially those not centralites do that.......
Some deals are like glass. Sometimes it's better to leave them broken than try to hurt yourself putting it back together.
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Rank: Member Joined: 11/20/2008 Posts: 5
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IAM SURPRISED MY THIS COMMENTS.IT DOESNT MATTER WHO IS NSE CEO,HIS TRIBE,etcWHAT MATTERS HIS UR INVESTMENT.STOP THIS CRUDE,UNCOOTH,DIVISIVE,TRIBAL,POLITICAL THOTS.
JUST INVEST,WORK HARD AND CREATE MORE WEALTH FOR UR BEING.by the way
not all top officials of NSE and CMA are kyuks.it doesnt matter bro,otherwise uwill die poor...guday
WILBERFORCE AKELLO
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Rank: Member Joined: 11/20/2008 Posts: 5
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lets all work in unity and with seriousness.lets stop this blame game on Kikuyu for our predicarments.A brown teethed,poor Kikuyu IDP in Rift Valley DOESTNT KNOW abt NSE
at all instances.Kyuks are in power but dont victimise all persons since no personal wealth is shared but individual effort(NO SOCIALISM IN KENYA)Around 4m kyuks out of 9m kyuks live below poverty line.SO STOP THIS TRIBAL TRASH ......just WORK HARD INVEST BE RICH AND LIVE....
WILBERFORCE AKELLO
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Rank: Elder Joined: 11/19/2008 Posts: 1,267
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Murenj Borrow from your uncle 700 .Buy one hundred maize @ 5/= buy a Jiko @200 .Look for a good location .You are in business. Sell each maize @10 hence get 1000 that day .save eat 100/= save 400/= repeat as you live with your uncle……….. Repeat the cycle daily. Per month you save 26days x400 =10,400, Per year 124,800. Join a Sacco. Borrow two times your savings you have 374,400/= . ……….You buy a second hand pickup at 350,000 which you use to supply other small scale traders as you repay the loan. Yes you can Do judge me by my name.Judge me by what I say and do.Is is right before the eye of God and people? Isaiah 65:17-Look! I am creating new heavens and a new earth, and no one will even think about the old ones anymore
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Rank: Member Joined: 11/20/2008 Posts: 5
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MWEBESA WAS NOT A KYUK. ICDSC CEO ROSE MAMBO IS A LUO,CMA CEO IS AKAMBA!!!!!!!!!!!!!!!!!!!!!!!!!!!!!.so stop this unfortunate tribal statements and comments.Pliz Kenyans lets encourage entrepreneurship,remove politics from business,ignore politicians,work in unity and create wealth.
WILBERFORCE AKELLO
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Rank: Elder Joined: 5/24/2007 Posts: 1,805
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Hey people, I would refer you o the article http://stockskenya.com/n...?stk=1002&top=10967
Is what we are discussing building us up or cutting each other down. The new CEO has what it takes to be there. Just let it be... Let us build each other up. The NSE shares shall continue to be traded at the same price to ALL kenyans.... so why the husstle? I Think Therefore I Am
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Rank: Member Joined: 9/17/2008 Posts: 2
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Why cant every tribe have its own stock market halafu tuone.Why is it that only kuyos living around nairobi buy pick ups from maize roasting?Why is it that luos are claimed to be sharp and blessed yet they have never come up with solutions to kenyas problems and they have a dependancy syndrome.Why is it that i dont have any thing worth mentioning about other tribes?If you really want to make money,hang around those with money.watch around the world and any place where we have a population explosion like central,you will see a pattern of entrepreneurship,the reverse is true.all kuyos are not rich and all jangos are not sharp.
that day you will realise that its individual effort that will make you achieve your goals the you'll be at peace
IF IT'S TALENT HOW MANY USELESS TALENTED PEOPLE HAVE U SEEN?IF IT'S HARDWORK HOW MANY MISSERABLE ONES HAVE U SEEN?PERSISTENCE IS THE GAME...
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Rank: Member Joined: 10/18/2007 Posts: 217
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Obi 1 kanobi,
What i meant was that NSE holds public money and therefore,it does not fall under a private company regulations. Sorry the 'not' did not come out.
Ofcourse Mwana has a valid point,but guys here have turned his views into what tribe does what and what tribe does not do what' that was not his intention.
I have no problem in who gets what kind of job in the public sector so long as they are fairly selected as is the case of Mwangi,what am oppossed to is the issues highlighted by Mwana in his second reply where one region is favoured over the other regions or one community over the others.
wote
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Rank: Member Joined: 8/3/2007 Posts: 10
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Hey,
Has this become a nag post. Stop complaining. We are all in the busines of making more money. Either put up,join the pack or shut up.
Regards.
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Rank: Member Joined: 7/22/2008 Posts: 851 Location: nairobi
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@ wilberforce. I like your optimism. But there is more to life than just that. Stay with uncle......... Join sacco....... Buy pickups......... Teach by day....... Taxi by night....... And who isn't doing his bit of this and that? I DO NOT NEED TO SAY.
The cunning of the Buffalo
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Rank: Veteran Joined: 11/21/2006 Posts: 1,590
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I think the topic requires some sober comments. We need to ask three questions Does tribalism exist in the hiring of employees in Kenya? Yes Is it important for the future of our nation that we eliminate tribalism in employment? Yes Is the NSE crying out for strong,ethical and forward-looking leadership? Yes We can then review Mwangi's appointment: Was appointed CEO because he is a kiuk? Who knows... Does his appointment send the wrong signals about diversity in Kenya's finance appointments? Maybe Is he the best man for the job given the situation in the NSE? I very much doubt it.. Does it mean I won't invest at the NSE? Nope www.mjengakenya.blogspot.comSehemu ndio nyumba
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