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OLYMPIA CAPITAL
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Qwesta
#1 Posted : Wednesday, August 22, 2012 3:29:21 PM
Rank: Hello


Joined: 6/17/2012
Posts: 3
Location: Nairobi
Good people, this company raised some Kes 420m a few year ago in a Rights Issue. Today the company is worth about Kes 100m. Their forays into Southern Africa have been total disaster.Dividends are declared but not paid. Has anyone got their divs from 2008? AGM's are called and we dont get notifications in our post offices. We only read of them in the press. Wazuans, any clue whats going on here with this Matu fellow?
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mkonomtupu
#2 Posted : Wednesday, August 22, 2012 3:41:50 PM
Rank: Veteran


Joined: 2/10/2010
Posts: 1,001
Location: River Road
Wait for VVS to give you the low down on the Matu fellow. i don't invest in fancy and glossy ideas like going down south, going north, world cup opportunities. seriously what business does this company do and what assets does olympia have in kenya? It's a wasted investment crunch time for the company ..cut your losses and run
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mlennyma
#3 Posted : Wednesday, August 22, 2012 3:47:19 PM
Rank: Elder


Joined: 7/21/2010
Posts: 6,184
Location: nairobi
Sell remaining assets and have a big party to part ways.
"Don't let the fear of losing be greater than the excitement of winning."
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StatMeister
#4 Posted : Wednesday, August 22, 2012 3:54:42 PM
Rank: Veteran


Joined: 5/23/2010
Posts: 868
Location: La Islas Galápagos
Qwesta wrote:
Good people, this company raised some Kes 420m a few year ago in a Rights Issue. Today the company is worth about Kes 100m. Their forays into Southern Africa have been total disaster.Dividends are declared but not paid. Has anyone got their divs from 2008? AGM's are called and we dont get notifications in our post offices. We only read of them in the press. Wazuans, any clue whats going on here with this Matu fellow?


In all fairness, Olympia's enterprise value has grown to 433m in 2012 Applause Applause Applause Applause

http://www.bloomberg.com/quote/DNKN:KN
A bad day fishing is better than a good day at work
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StatMeister
#5 Posted : Wednesday, August 22, 2012 3:57:33 PM
Rank: Veteran


Joined: 5/23/2010
Posts: 868
Location: La Islas Galápagos
mkonomtupu wrote:
Wait for VVS to give you the low down on the Matu fellow. i don't invest in fancy and glossy ideas like going down south, going north, world cup opportunities. seriously what business does this company do and what assets does olympia have in kenya? It's a wasted investment crunch time for the company ..cut your losses and run


Have you forgotten Korea?
A bad day fishing is better than a good day at work
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Kausha
#6 Posted : Wednesday, August 22, 2012 4:06:50 PM
Rank: Member


Joined: 2/8/2007
Posts: 808
Yes the plant from Korea, who knows it could be making PVC tiles at Matu's farm in Nyeri. What's more annoying is that with an EV of 433m, NAV of 1,1Billion this company shouldn't be trading at a market cap of 150m and this absurdity should pain a CEO of any private equity firm unless Matu has a wrong definition of his business.
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VituVingiSana
#7 Posted : Wednesday, August 22, 2012 11:49:27 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,129
Location: Nairobi
*Silence is golden*
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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mukiha
#8 Posted : Thursday, August 23, 2012 3:04:42 PM
Rank: Elder


Joined: 6/27/2008
Posts: 4,114
mkonomtupu wrote:
Wait for VVS to give you the low down on the Matu fellow. i don't invest in fancy and glossy ideas like going down south, going north, world cup opportunities. seriously what business does this company do and what assets does olympia have in kenya? It's a wasted investment crunch time for the company ..cut your losses and run


They hooked me on that one; jumped in at 14, then the spiral started and soon I realised that "south" meant "down" so I jumped out at 9bob. Wiped my tears, moved on and never looked back.

As they say in Matu's village: "Ciuragira kuingi" [there are many ways of losing money!]
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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StatMeister
#9 Posted : Thursday, August 23, 2012 4:11:43 PM
Rank: Veteran


Joined: 5/23/2010
Posts: 868
Location: La Islas Galápagos
mukiha wrote:
mkonomtupu wrote:
Wait for VVS to give you the low down on the Matu fellow. i don't invest in fancy and glossy ideas like going down south, going north, world cup opportunities. seriously what business does this company do and what assets does olympia have in kenya? It's a wasted investment crunch time for the company ..cut your losses and run


They hooked me on that one; jumped in at 14, then the spiral started and soon I realised that "south" meant "down" so I jumped out at 9bob. Wiped my tears, moved on and never looked back.

As they say in Matu's village: "Ciuragira kuingi" [there are many ways of losing money!]


cia arũme ciuragĩra kũingĩ, ask me about centum
A bad day fishing is better than a good day at work
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youcan'tstopusnow
#10 Posted : Thursday, August 23, 2012 5:52:20 PM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Hata mimi I was once here a few years back. Not my brightest moment, I must say...

GOD BLESS YOUR LIFE
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Jamani
#11 Posted : Sunday, September 02, 2012 8:52:45 PM
Rank: Elder


Joined: 9/12/2006
Posts: 1,554
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