Merali is no Buffet.The guy is best described as a cunning broker who has mastered the art of political ass kissing in increasing his bank balance.But I respect the guy as he is the smartest broker out there and he gets his pay by con, connection, luck and sweat.

love him hate him..he is a shrewd jamaa. but that story of him being a front for Moi is true.

@AllanK

Yap..... Meralli is the African Worrying Buffoon.

@VVS

Tried searching the thread on Sameer, I think when Sameer issued a profit warning early in the year. Hunt for the thread.

Comparing merali to Warren Buffett is akin to comparing NOCK to KenolKobil ;-)

Your owe your friends a fancy dinner for wasting their time!

This guy will fall and he will fall badly. The way of doing biz in Kenya has drastically changed and there is a new breed of investors. We are waiting for the day when the trading cycle will only be T & we will be able to hedge & trade on derivatives, hiyo siku ndio sameer itaona moto. I do know that if its not him then it will be his kids but he will eventually fall (He's not too big not to fail)

Or he's a soothsayer. He pulled out of Uchumi just in time before.... Kencell sellout was a blast. Firestone was 40 sometime back and now?? talk about stocks gymnastics! Sasini rose to an all time high of 177 and there were no major fundamentals behind the rise since most agriculturals were suffering at the time. In Paka he's managed to offload substantial shareholding. Look at Sameer Business park - He was to gain in either way: Did he know the GoK would want to expand Msa rd thus compensate him in Billions for the park? If the park was to stay Ndemo and his lot would make it the ICT center incase Malili fails. Is it being shrewd or ni uganga? I tend to avoid any share with his name tagged to it coz u'd be in for a rollercoaster ride. My two cent. ROR

[quote=youcan'tstopusnow]Meralli, James Mwangi and Chris Kirubi mentioned in 20 most powerful people in African business

http://blogs.forbes.com/...le-in-african-business/[/quote]

"3 of our (Kenya's) best" and ALL HAVE SKELETONS... najivunia!

Having said that, I must also say that these guys are real enterprenuers, I respect them for that.

They're martyrs of Africa's Entrepreneurial Revolution?

The more reason this guy should be disconnected from the stock market. After gaining insider information (Uchumi), looking at facts of companies he holds, losing political favour, markets become volatile, etc, the guy literally dumps the companies on to unsuspecting investors who end up bearing the full blow of his evil designs. CMA still sits watching him do all this destruction without investigating him. When the market loses favour with investors, the CMA and NSE blames every body else and anything else except such characters as Merali. Merali cannot run a company without corruption, unethical behaviour, and corporate vices that would give him an upper hand. And some one would dare praise the Greengoblin?