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5 Kenyan CEOs With Big Bets On Their Own Stock
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hooverrl
#11 Posted : Saturday, August 11, 2012 4:34:38 AM
Rank: Member

Joined: 9/9/2006
Posts: 52
Location: USA
Very interesting. Mwangi, Somen, Muriuki, and Thakrar all own a smaller percentage of their respective companies now than they did at the end of 2008.

Cuthbert actually purchased more shares of REA Vipingo this past fiscal year. (Somen purchased more of Access, too.) So, he now owns over 3% of his company. So the sisal-maker may be worth a closer look.
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murchr
#12 Posted : Saturday, August 11, 2012 5:47:19 AM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
hooverrl wrote:
Very interesting. Mwangi, Somen, Muriuki, and Thakrar all own a smaller percentage of their respective companies now than they did at the end of 2008.

Cuthbert actually purchased more shares of REA Vipingo this past fiscal year. (Somen purchased more of Access, too.) So, he now owns over 3% of his company. So the sisal-maker may be worth a closer look.


There is a law pertaining to that. Mwangi had to sell some of his stake
"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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sparkly
#13 Posted : Saturday, August 11, 2012 9:43:03 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
murchr wrote:
hooverrl wrote:
Very interesting. Mwangi, Somen, Muriuki, and Thakrar all own a smaller percentage of their respective companies now than they did at the end of 2008.

Cuthbert actually purchased more shares of REA Vipingo this past fiscal year. (Somen purchased more of Access, too.) So, he now owns over 3% of his company. So the sisal-maker may be worth a closer look.


There is a law pertaining to that. Mwangi had to sell some of his stake


Its the Central Bank Regulations. An individual should not own more than 25% of a bank while a manager should not own more than 5% of a bank.

Mwangi will have to keep selling because he gets share options from Equity.
Life is short. Live passionately.
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VituVingiSana
#14 Posted : Monday, August 13, 2012 3:48:08 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
hooverrl wrote:
Very interesting. Mwangi, Somen, Muriuki, and Thakrar all own a smaller percentage of their respective companies now than they did at the end of 2008.

Cuthbert actually purchased more shares of REA Vipingo this past fiscal year. (Somen purchased more of Access, too.) So, he now owns over 3% of his company. So the sisal-maker may be worth a closer look.
Thakrar has been 'expanding' SG by acquiring other firms using shares. This would decrease his % over time. Furthermore, SG issued shares to WPP in exchange for cash (used for acquisitions) which would have further diluted his %
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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mwekez@ji
#15 Posted : Monday, August 13, 2012 10:47:54 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
sparkly wrote:
murchr wrote:
hooverrl wrote:
Very interesting. Mwangi, Somen, Muriuki, and Thakrar all own a smaller percentage of their respective companies now than they did at the end of 2008.

Cuthbert actually purchased more shares of REA Vipingo this past fiscal year. (Somen purchased more of Access, too.) So, he now owns over 3% of his company. So the sisal-maker may be worth a closer look.


There is a law pertaining to that. Mwangi had to sell some of his stake


Its the Central Bank Regulations. An individual should not own more than 25% of a bank while a manager should not own more than 5% of a bank.

Mwangi will have to keep selling because he gets share options from Equity.


Truth be told. There has been profit taking by anchor shareholders in Equity Bank since the 2 year lock-in period ended. Even Britak is selling. Check 2011 Annual Report
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