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James Mworia - HOW DOES THIS MAN DO IT!?
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VituVingiSana
#61 Posted : Tuesday, June 26, 2012 10:08:35 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,129
Location: Nairobi
An illegal act is an illegal act. It should be punished.

The severity of the punishment depends on the extent of the transgression. If one wants absolution go to one's church, mosque or temple.

Kenya's capital markets need to be cleaned up.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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murchr
#62 Posted : Tuesday, June 26, 2012 6:24:11 PM
Rank: Elder


Joined: 2/26/2012
Posts: 15,980
winston wrote:
@murchr...what % of your portfolio is in Centum?

Those whose portfolios contain significant portions of centum will not agree with your sentiments about overreacting. By not diclosing, Mworia, denied shareholders (current and prospective) from taking informed decisions on the stock...and that my friend can make the difference between money made and money lost. And at the end of the day...Mworia suffers nothing!

If I were him, I would not have proffered the lame excuse about inability to value (nobody bought that crap)...its like saying that they just go to sleep and wake up at year to find out how their investments are doing. Investors dont pay fund managers to be passive...they pay them to be active managers.

...and yes (to confirm your thinking)...I am a memba of 'centum'



This reminds me of agency theory
"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
.
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winston
#63 Posted : Wednesday, June 27, 2012 10:50:22 PM
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Cma have fined centum thousands of shillings. I guess thats where it ends. I seriously doubt the directors will do anything about mworia....i might as well get some sleep!
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VituVingiSana
#64 Posted : Thursday, June 28, 2012 8:32:34 AM
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So the shareholders will pay for the negligence of the directors? What's the point of the fine?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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ralp_mutu
#65 Posted : Thursday, June 28, 2012 10:44:32 AM
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Joined: 3/26/2012
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So Centum lose.. CMA gain.. Outflow-Inflow ..Does it change anything to the shareholders? #JustThinking
My folks told me that my very first word was 'billionaire'
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Gatheuzi
#66 Posted : Thursday, June 28, 2012 1:09:12 PM
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Joined: 8/16/2009
Posts: 994
Yes, this is outrageous. I wonder what it will take to shake up our markets? Regulation is not up to it, and the rules and fines are in dire need to be re-written.
Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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winston
#67 Posted : Thursday, June 28, 2012 3:12:45 PM
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Sadly...in Kenya the directors/ceos mess up, the shareholders pay; the government messes up, mwana-nchi pays!
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King G
#68 Posted : Thursday, June 28, 2012 3:22:05 PM
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Joined: 6/20/2012
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And the Directors will hold a meeting to delibarate on the fines by CMA, and you guessed it right kula sitting allowance/honoraria on that day. hah hah hah
Thieves
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Mastermind
#69 Posted : Monday, July 23, 2012 11:04:43 PM
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Joined: 1/25/2012
Posts: 1,624
Location: Langley
Mworia reduced his Centum holding from 0.05% to 0.02%. Lack of confidence?

http://www.businessdaily.../1/-/pv8eu6/-/index.html
If you have built castles in the air, your work need not be lost; that is where they should be. Now put the foundations under them.
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VituVingiSana
#70 Posted : Tuesday, July 24, 2012 2:06:16 AM
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[quote=Mastermind]Mworia reduced his Centum holding from 0.05% to 0.02%. Lack of confidence?

http://www.businessdaily...1/-/pv8eu6/-/index.html[/quote]Aliuza his shares while folks were 'waiting' for the Profit Warning.
Y'all been punk'd
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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guru267
#71 Posted : Tuesday, July 24, 2012 2:13:50 AM
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Joined: 1/21/2010
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VituVingiSana wrote:
Mastermind wrote:
Mworia reduced his Centum holding from 0.05% to 0.02%. Lack of confidence?

http://www.businessdaily...1/-/pv8eu6/-/index.html
Aliuza his shares while folks were 'waiting' for the Profit Warning.
Y'all been punk'd


This guy should be locked up for sure!!
Mark 12:29
Deuteronomy 4:16
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VituVingiSana
#72 Posted : Tuesday, July 24, 2012 3:39:06 AM
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Location: Nairobi
James Mworia - HOW DOES THIS MAN DO IT!?

By selling you his shares (without issuing a profit warning)...! Smile y'all been punk'd! Liar Liar Liar
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Fomoney
#73 Posted : Tuesday, July 24, 2012 8:54:13 AM
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Joined: 7/9/2006
Posts: 79
He surely needs to go to jail if not hell! In a sane mkt this guy would be under investigation. Selling shares and skipping the profit warning? How convenient.
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youcan'tstopusnow
#74 Posted : Tuesday, July 24, 2012 9:11:35 AM
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Joined: 3/24/2010
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Location: Black Africa
VituVingiSana wrote:
James Mworia - HOW DOES THIS MAN DO IT!?

By selling you his shares (without issuing a profit warning)...! Smile y'all been punk'd! Liar Liar Liar

Laughing out loudlyLaughing out loudlyLaughing out loudlyLaughing out loudlyLaughing out loudly
GOD BLESS YOUR LIFE
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hisah
#75 Posted : Tuesday, July 24, 2012 9:17:41 AM
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Joined: 8/4/2010
Posts: 8,977
youcan'tstopusnow wrote:
VituVingiSana wrote:
James Mworia - HOW DOES THIS MAN DO IT!?

By selling you his shares (without issuing a profit warning)...! Smile y'all been punk'd! Liar Liar Liar

Laughing out loudlyLaughing out loudlyLaughing out loudlyLaughing out loudlyLaughing out loudly


www.reuters.com/article/...co-idUSL6E8CD38S20120113
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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kiio
#76 Posted : Tuesday, July 24, 2012 11:02:15 AM
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Joined: 6/22/2010
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am so looking forward to those days when these to insiders will not operating with this impunity!!!!!!!!! remember UCHUMI!
“Daring ideas are like chessmen moved forward. They may be beaten, but they may start a winning game.” – Wolfgang Von Goethe .
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VituVingiSana
#77 Posted : Tuesday, July 24, 2012 12:00:13 PM
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AGM tomorrow. Go and ask the questions!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Mastermind
#78 Posted : Tuesday, July 24, 2012 12:28:04 PM
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VituVingiSana wrote:
AGM tomorrow. Go and ask the questions!

And the answer will be personal finance reasons.
If you have built castles in the air, your work need not be lost; that is where they should be. Now put the foundations under them.
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VituVingiSana
#79 Posted : Tuesday, July 24, 2012 12:37:08 PM
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Mastermind wrote:
VituVingiSana wrote:
AGM tomorrow. Go and ask the questions!
And the answer will be personal finance reasons.
The timing is conveniently just before the poor profits were announced. Remember there was NO profit warning issued.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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VituVingiSana
#80 Posted : Tuesday, July 24, 2012 12:42:01 PM
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Also ask WHO will pay the fine levied by the CMA? Will it be the directors from their allowances? Or the firm thus hurting ALL s/holders even those with no say?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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