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CMC loses exclusive landrover and ford distribution rights
Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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http://www.businessdaily.../-/kca98nz/-/index.html
But the question is will the government buy from RMA group or still continue to support CMC??
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Rank: Elder Joined: 9/12/2006 Posts: 1,554
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Thats a good question only time will tell... former directors had deep roots and connections with gvt.
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Rank: Chief Joined: 1/3/2007 Posts: 18,136 Location: Nairobi
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Do the 'connected' folks have a connection with RMA? Will it matter after the elections? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 2/2/2012 Posts: 1,134 Location: Nairobi
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VituVingiSana wrote:Do the 'connected' folks have a connection with RMA? Will it matter after the elections? Former CEO Martin Foster is behind RMA... and he is picking senior mangers from CMC...
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Rank: Elder Joined: 9/12/2006 Posts: 1,554
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The connection to RMA has been alleged by Chiaroscuro now we wait to see if it matters after elections... carefully keep your eyes on who is attending the 1 million per plate dinners
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Rank: Elder Joined: 11/15/2011 Posts: 4,518
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Got it. Some peeps just never give up! moles all over doing a perfect job. Money is power indeed. smh. "The true measure of a man is how he treats someone who can do him absolutely no good.
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Seems you can't beat these people! I wonder if Kiereini and Njonjo are on the board of RMA. Mkono 'mrefu' wa CMA doesn't extend that far and the authority can't reach them there! GOD BLESS YOUR LIFE
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Rank: Veteran Joined: 2/2/2012 Posts: 1,134 Location: Nairobi
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youcan'tstopusnow wrote:Seems you can't beat these people! I wonder if Kiereini and Njonjo are on the board of RMA. Mkono 'mrefu' wa CMA doesn't extend that far and the authority can't reach them there!
I'm not sure, but most likely. Foster was a "mere" employee at CMC. He doesn't have the financial muscle to put it together. But those two do.
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Rank: Elder Joined: 9/12/2006 Posts: 1,554
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With the figures paid out at off-shore accounts, he might as well have built up the financial muscle... but of course he could be in partnership with the big boys.
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Rank: Veteran Joined: 2/2/2012 Posts: 1,134 Location: Nairobi
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Sasa wewe moderator, why did you delete a message that I had already deleted?
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Rank: Veteran Joined: 2/2/2012 Posts: 1,134 Location: Nairobi
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Any way; now CMC refutes the earlier reports and insists that it is holds exclusive franchises of Jaguar, Land-Rover and VW [See Daily Nation p26]
The plot thickens......
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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When will they allow the stock to be traded again? All indications are it will be hammered! GOD BLESS YOUR LIFE
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Rank: Member Joined: 5/27/2010 Posts: 324 Location: nrb
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youcan'tstopusnow wrote:When will they allow the stock to be traded again? All indications are it will be hammered! and yesterday someone on tv was reporting that shareprice remains at 11 inspite of all this..... - as if its been allowed to determine/find its level! Isnt there a way media houses can get their reporters have active knowledge/information in what they are reading?
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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alikujia wrote:youcan'tstopusnow wrote:When will they allow the stock to be traded again? All indications are it will be hammered! and yesterday someone on tv was reporting that shareprice remains at 11 inspite of all this..... - as if its been allowed to determine/find its level! Isnt there a way media houses can get their reporters have active knowledge/information in what they are reading?  Kwani who writes these things? Surely, kitu kama iyo you should be aware if you are a business editor. Or we should just get used to these schoolboy errors from our reporters and move on? Impunity has a thread on our journos... GOD BLESS YOUR LIFE
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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The Capital Markets Authority (CMA) on Friday extended a ban on the trading of motor dealer CMC Holdings shares for an additional 60 days, to give the company additional time to comply with internal control disclosure requirements. http://www.businessdaily...4/-/1f0mri/-/index.html
It's been a year... GOD BLESS YOUR LIFE
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CMC loses exclusive landrover and ford distribution rights
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