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Olympia capital where to?
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selah
#21 Posted : Tuesday, May 15, 2012 2:52:43 PM
Rank: Elder


Joined: 10/13/2009
Posts: 1,950
Location: in kenya
liomungai wrote:
one year down the line.... we will be here to confirm who bet right - OCH if you are plain lucky to get a hold of 10k shares because there is no supply... but the upswing is greater - they have something coming regarding boutique hotel and serviced apartments chech out heri heights. Corporate governance is what lacks, wakipigwa kiboko watainuka


If you are using this as your reason in investing in OCH you are making a textbook example of a disaster.

Its like making an investment in Sasini after seeing what Sameer is investing in.

I think OCH is a fraud check this out from http://www.heri.co.ke/

Quote:
Heri was set up initially with the express purpose of investing in DT Dobie Kenya Limited. Over time, it opportunistically got involved in other investments.

Heri Limited owns a 100% of a company called Heri Holdings Limited which in turns owns 100% of College House and 55% of Kolobot Gardens Limited. Moreover, Heri Limited owns a 28.8% stake in Norfolk Towers Limited.

In may this year, the directors Heri Limited underwent a strategy session to formulate a way forward for the company and the conclusions drawn are what shaped our business idea and aspirations.


'......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
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selah
#22 Posted : Friday, September 21, 2012 11:10:06 AM
Rank: Elder


Joined: 10/13/2009
Posts: 1,950
Location: in kenya
I have never seen a company so confused than this one....what does it really do...Now they want to venture into fire fighting business in full force...they have appointed CEO from Mather+platt with a plan of acquiring the company fully.

What are this guys known for? it becomes so difficult to know its moat.
'......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
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StatMeister
#23 Posted : Friday, September 21, 2012 11:41:49 AM
Rank: Veteran


Joined: 5/23/2010
Posts: 868
Location: La Islas Galápagos
selah wrote:
I have never seen a company so confused than this one....what does it really do...Now they want to venture into fire fighting business in full force...they have appointed CEO from Mather+platt with a plan of acquiring the company fully.

What are this guys known for? it becomes so difficult to know its moat.


PVC - i believe the world has since moved on to ceramic.
A bad day fishing is better than a good day at work
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sparkly
#24 Posted : Friday, September 21, 2012 12:58:38 PM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
chiaroscuro wrote:
Suppose you have 35k to invest; would you buy 10k shares of SCOM or 10k shares of OCHL?


Money put in OCH is not investment. Its pure speculation and a misinformed one.
Life is short. Live passionately.
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S.Mutaga III
#25 Posted : Friday, September 21, 2012 1:07:15 PM
Rank: Member


Joined: 3/26/2012
Posts: 830
sparkly wrote:
chiaroscuro wrote:
Suppose you have 35k to invest; would you buy 10k shares of SCOM or 10k shares of OCHL?

safcom at 3.5 is also speculation according to me...i would hunt for a better bargain with the 35k
Money put in OCH is not investment. Its pure speculation and a misinformed one.

A successful man is not he who gets the best, it is he who makes the best from what he gets.
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mukiha
#26 Posted : Friday, September 21, 2012 2:06:19 PM
Rank: Elder


Joined: 6/27/2008
Posts: 4,114
chiaroscuro wrote:
Suppose you have 35k to invest; would you buy 10k shares of SCOM or 10k shares of OCHL?


Since the day this question was asked, OCH has gained 4.29% [from Sh3.50 to 3.65 yesterday] and SCOM 16% [from 3.45 to 4.00 yesterday]

Who's laughing now?
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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Kausha
#27 Posted : Friday, September 21, 2012 4:46:01 PM
Rank: Member


Joined: 2/8/2007
Posts: 808
This is a nonsensical company that should discontinue operations and sell the pieces of land they own on Enterprise Road, Nanyuki road and Gabs!. The distribute the proceeds to shareholders otherwise it's a classic case of how NOT TO run a business.

Strictly speaking Kareithi can't run a Private Equity Business, what does he know in private equity. Picture this, one year down the line the CEO of Kalahari Tiles will be giving Kareithi Dung which he will obliviously eat. At the AGM investors will ask about exit strategy of the Dunlop kenya business which is waste of time and strictly speaking is worth less than the land it sits on and you bet they he is unlikely to have a clue on what's happening. Neither will he have a clue on how to create value for the business.

OCH market cap = 160m. OCH NAV = 1.1B (mostly land it's sitting on). OCH prospects are pretty nil really. Solution is for the Directors and Shareholders to resolve to liquidate the company and share out the proceeds. They will definitely be better off.
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Qwesta
#28 Posted : Friday, September 21, 2012 4:49:19 PM
Rank: Hello


Joined: 6/17/2012
Posts: 3
Location: Nairobi
PW Ndungu bolted from the board. I guess he had other more worthy things to attend to. AGM called for for 3rd Sept 2012 was cancelled by CMA because OCH had not followed some basic procedure on notices. Noww the new date is Monday 24th.
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VituVingiSana
#29 Posted : Friday, September 21, 2012 7:37:02 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,121
Location: Nairobi
If you are a shareholder, show up! This time to make sure the Board does something right.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Qwesta
#30 Posted : Saturday, September 22, 2012 9:30:56 AM
Rank: Hello


Joined: 6/17/2012
Posts: 3
Location: Nairobi
VituVingiSana wrote:
If you are a shareholder, show up! This time to make sure the Board does something right.


Yeap! Action is better than words
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mawinder
#31 Posted : Saturday, September 22, 2012 3:27:54 PM
Rank: Elder


Joined: 4/30/2008
Posts: 6,029
VituVingiSana wrote:
If you are a shareholder, show up! This time to make sure the Board does something right.

With all due respect,are there wazuans still owning this share?
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guru267
#32 Posted : Saturday, September 22, 2012 4:12:18 PM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
mawinder wrote:
VituVingiSana wrote:
If you are a shareholder, show up! This time to make sure the Board does something right.

With all due respect,are there wazuans still owning this share?


I think i have a small 20k shares of this thing in my portfolio!
Mark 12:29
Deuteronomy 4:16
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gesowan
#33 Posted : Saturday, September 22, 2012 4:37:11 PM
Rank: Member


Joined: 11/6/2010
Posts: 289
yes about 200k
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VituVingiSana
#34 Posted : Saturday, September 22, 2012 6:06:16 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,121
Location: Nairobi
gesowan wrote:
yes about 200k
Damn, the AGM needs you. A source tells me there will be a candidate (fronted by non-matu & non-obura related shareholders) as a director to protect their stake.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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mawinder
#35 Posted : Saturday, September 22, 2012 8:34:48 PM
Rank: Elder


Joined: 4/30/2008
Posts: 6,029
gesowan wrote:
yes about 200k

200k shares is quite substantial.
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guru267
#36 Posted : Saturday, September 22, 2012 8:51:45 PM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
mawinder wrote:
gesowan wrote:
yes about 200k

200k shares is quite substantial.


Actually its 0.5% of the company! Pretty substantial...
Mark 12:29
Deuteronomy 4:16
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gesowan
#37 Posted : Monday, October 29, 2012 4:14:36 PM
Rank: Member


Joined: 11/6/2010
Posts: 289
we are heading north good show today
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sparkly
#38 Posted : Monday, October 29, 2012 4:56:13 PM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
gesowan wrote:
we are heading north good show today


your entry price?
Life is short. Live passionately.
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gesowan
#39 Posted : Monday, October 29, 2012 6:35:55 PM
Rank: Member


Joined: 11/6/2010
Posts: 289
@sparky 18 and rights 14 still hanging in on there "but hope is not an investment strategy"
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murchr
#40 Posted : Tuesday, October 30, 2012 3:14:31 AM
Rank: Elder


Joined: 2/26/2012
Posts: 15,980
gesowan wrote:
@sparky 18 and rights 14 still hanging in on there "but hope is not an investment strategy"


Waa...and its going for 3.65/- now...I hope ur averaging and jump out because i dont see this ship sailing North..at least not to those prices u have quoted.
"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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