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KENOL KOBIL .... 2012
Aguytrying
#1801 Posted : Wednesday, September 05, 2012 7:47:29 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
VituVingiSana wrote:
Jamani wrote:
@Mlennyma Walishatiwa baridii by signing a petition in support of the sale.
IMHO, any employee who is opposed to the sale at a fair price should be fired. They work there, get a salary and should be thankful to the shareholders who provide the means/capital to finance the business.
When Uchumi collapsed, was it shareholders who pumped in majority of cash to revive it or was it the employees?
When the price of Safaricom fell to 3.50, did the employees take a paycut of 30%?
When KQ is falling, did the employees take a paycut to prop up the airline? NO, instead the management took bonuses, the staff got huge payrises & benefits via atwoli and the shareholders suffered.


exactly, if only they could get this through their heads
The investor's chief problem - and even his worst enemy - is likely to be himself
VituVingiSana
#1802 Posted : Wednesday, September 05, 2012 9:10:04 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
@Aguytrying - If they don't want to work at KK, then quit. There are thousands of firms in Kenya. Go find another job. Even better, start your own firm then pay your employees well. When you sell the firm, pay them a bonus. In the meantime, QUIT working for KK & go elsewhere!
Furthermore, they have earned a salary all these years. Not at a discount but at competitive rates!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
VituVingiSana
#1803 Posted : Wednesday, September 05, 2012 10:39:11 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
Those KK assets (land & buildings) looking very juicy to me!

http://www.businessdaily.../-/4obncdz/-/index.html

So if Puma backs out. No problem. The cash is still somewhere...! I am sure selling off some stations to developers (or developing Real Estate by KK) might be better than running the stations as petrol stations!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Kausha
#1804 Posted : Thursday, September 06, 2012 9:51:31 AM
Rank: Member

Joined: 2/8/2007
Posts: 808
From what I am seeing here, we need to start teaching financial and organization education in primary school as a core subject. On one hand staff are scared shitless for their jobs without knowing that essentially the organization is not shutting or scaling down operations. On the other hand, the actions are becoming very disruptive to the interests of their shareholders and the nuisance value of these actions is nevertheless very discounted. However the ramifications of this could be very painful to staff again it appears they don't seem to appreciate that.
2012
#1805 Posted : Thursday, September 06, 2012 10:26:55 AM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
Jamani wrote:
Agreed VVS, but looking at the statement by 2012, it was vital to remind him that there are CEOs directors and majority owners of businesses who also run down their businesses.


You misunderstood my statement. I meant me, myself, personally, I have never and will never invest in a company where the person/people in charge has/have no interest in. That's my principle in investing and it has always worked for me, I'm not trying to impose it on anyone. If I told you I'm starting a butchery and I want you and others but myself to fund it would you?

BBI will solve it
:)
Jamani
#1806 Posted : Thursday, September 06, 2012 10:38:42 AM
Rank: Elder

Joined: 9/12/2006
Posts: 1,554
2012 wrote:
Jamani wrote:
Agreed VVS, but looking at the statement by 2012, it was vital to remind him that there are CEOs directors and majority owners of businesses who also run down their businesses.


You misunderstood my statement. I meant me, myself, personally, I have never and will never invest in a company where the person/people in charge has/have no interest in. That's my principle in investing and it has always worked for me, I'm not trying to impose it on anyone. If I told you I'm starting a butchery and I want you and others but myself to fund it would you?


Then I understood you correctly i never said you imposed, just meant to say that not all companies that have people in charge owning them are all run with the interests of minority shareholders at heart, and you may see as VVS listed some names above.
I am happy for you that it has worked out to your benefit, in my case the same investment strategy has had my fingers and toes burnt... AK

And i not saying its a poor strategy, i know it has worked elsewhere even for me... but you must look at the history of the owners or rather vet them before you invest your money
2012
#1807 Posted : Thursday, September 06, 2012 11:02:13 AM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
Jamani wrote:
[quote=2012][quote=Jamani]
I am happy for you that it has worked out to your benefit, in my case the same investment strategy has had my fingers and toes burnt... AK


Pole bwana. I also invested in AK, I made good money and sold. This kind of stocks are a gamble though because it is so dependent on very erratic technology change and the wrong strategy no matter how well intended could sink you. That said I salute the Somen's for going against the board and investing in fibre, AK would be dead now if they hadn't.

BBI will solve it
:)
Jamani
#1808 Posted : Thursday, September 06, 2012 11:10:21 AM
Rank: Elder

Joined: 9/12/2006
Posts: 1,554
2012 wrote:
Jamani wrote:
[quote=2012][quote=Jamani]
I am happy for you that it has worked out to your benefit, in my case the same investment strategy has had my fingers and toes burnt... AK


Pole bwana. I also invested in AK, I made good money and sold. This kind of stocks are a gamble though because it is so dependent on very erratic technology change and the wrong strategy no matter how well intended could sink you. That said I salute the Somen's for going against the board and investing in fibre, AK would be dead now if they hadn't.


Nime poa, with +1m under the bridge(considering all my investments in it as lost)... or rather am locked in
Jamani
#1809 Posted : Thursday, September 06, 2012 12:08:17 PM
Rank: Elder

Joined: 9/12/2006
Posts: 1,554
Kausha wrote:
From what I am seeing here, we need to start teaching financial and organization education in primary school as a core subject. On one hand staff are scared shitless for their jobs without knowing that essentially the organization is not shutting or scaling down operations. On the other hand, the actions are becoming very disruptive to the interests of their shareholders and the nuisance value of these actions is nevertheless very discounted. However the ramifications of this could be very painful to staff again it appears they don't seem to appreciate that.


Staff could be scared that they will be outsourced.... like Airtel did to its staff, moving them to NSN and Spanco with pay cuts.. bila marupurupu....
They are acting in fear which is human and i empathize with them... but they may only achieve to waste time, everything will move as planned read the KQ case.
VituVingiSana
#1810 Posted : Thursday, September 06, 2012 2:49:05 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
Jamani wrote:
2012 wrote:
Jamani wrote:
Agreed VVS, but looking at the statement by 2012, it was vital to remind him that there are CEOs directors and majority owners of businesses who also run down their businesses.

You misunderstood my statement. I meant me, myself, personally, I have never and will never invest in a company where the person/people in charge has/have no interest in. That's my principle in investing and it has always worked for me, I'm not trying to impose it on anyone. If I told you I'm starting a butchery and I want you and others but myself to fund it would you?

Then I understood you correctly i never said you imposed, just meant to say that not all companies that have people in charge owning them are all run with the interests of minority shareholders at heart, and you may see as VVS listed some names above.
I am happy for you that it has worked out to your benefit, in my case the same investment strategy has had my fingers and toes burnt... AK

And i not saying its a poor strategy, i know it has worked elsewhere even for me... but you must look at the history of the owners or rather vet them before you invest your money

Those are critical points. See merali. Or even kirubi. Look at the history. Then walk away. Now compare these to Aga Khan firms where AKFED's representatives (not as management but as independent directors) are managing the firms for their spiritual leader & community. Compare the growth of DTBK, Jubilee, TPSEA & Nation. They have managed through good & bad times. Jubilee is #1 insurer, Nation is #1 newspaper, TPSEA is probably #1 or #2 in EAC. DTBK is a top Tier 2 bank & with the best geographical spread in KE, TZ, UG & BU.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
259 Pages«<179180181182183>»
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