Olympia - Longships? - Stocks - Wazua

Welcome Guest

Search | Active Topics | Log In | Register

Wazua » Investor » Stocks » Olympia - Longships?

Olympia - Longships?

Options

Previous Topic · Next Topic

VituVingiSana		#1 Posted : Thursday, July 23, 2009 5:56:00 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi		Where are you? Greedy when others are fearful,Very fearful when others are greedy - to paraphrase WB Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
Back to top		Report Abusive \| Report SPAM
User Profile

VituVingiSana		#2 Posted : Friday, July 24, 2009 2:53:00 AM
Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi		Is this going the Uchumi way? Greedy when others are fearful,Very fearful when others are greedy - to paraphrase WB Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
Back to top		Report Abusive \| Report SPAM
User Profile

longships		#3 Posted : Friday, July 24, 2009 7:04:00 AM
Rank: Member Joined: 11/11/2007 Posts: 18		Yokota put into liquidation by Nedbank. Assets are being sold.
Back to top		Report Abusive \| Report SPAM
User Profile

VituVingiSana		#4 Posted : Friday, July 24, 2009 7:07:00 AM
Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi		if anyone knows Longships... please tell him he is wanted Greedy when others are fearful,Very fearful when others are greedy - to paraphrase WB Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
Back to top		Report Abusive \| Report SPAM
User Profile

Mainat		#5 Posted : Friday, July 24, 2009 7:08:00 AM
Rank: Veteran Joined: 11/21/2006 Posts: 1,590		longships- thanks for the update. What is happening with Natwood and Plush? The new usumi www.mjengakenya.blogspot.com Sehemu ndio nyumba
Back to top		Report Abusive \| Report SPAM
User Profile

VituVingiSana		#6 Posted : Friday, July 24, 2009 7:37:00 AM
Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi		What of the other stuff like Natwood & Framing Prints? Greedy when others are fearful,Very fearful when others are greedy - to paraphrase WB Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
Back to top		Report Abusive \| Report SPAM
User Profile

mukiha		#7 Posted : Friday, July 24, 2009 8:24:00 AM
Rank: Elder Joined: 6/27/2008 Posts: 4,114		So now,do we wait for OCH fold? I had some hope in this thing,but I'm glad to have exited when I did...too many unanswered questions... Behind the gardens...Behind the wall...Under the tree (Including: Red...Dark Blue...Yellow) Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
Back to top		Report Abusive \| Report SPAM
User Profile

VituVingiSana		#8 Posted : Friday, July 24, 2009 8:59:00 AM
Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi		Smart move. Greedy when others are fearful,Very fearful when others are greedy - to paraphrase WB Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
Back to top		Report Abusive \| Report SPAM
User Profile

longships		#9 Posted : Friday, July 24, 2009 10:10:00 AM
Rank: Member Joined: 11/11/2007 Posts: 18		Plush Products is the legal entity and sold Yokota brand products. Plush Products is in liquidation.Assets to be sold off and i would imagine OCH would have to make good to Nedbank the difference between the sale and what they owe Nedbank. I do not expect the sale of the assets to be significant.
Back to top		Report Abusive \| Report SPAM
User Profile

longships		#10 Posted : Friday, July 24, 2009 10:20:00 AM
Rank: Member Joined: 11/11/2007 Posts: 18		I do not know whether Natwood has been placed into Liquidation by Nedbank,but I would presume that it will be and that the assets will be sold off. The framing company's assets would be in Natwood as they were trying to get economies of scale by incorporating it. I would guess that the assets of natwood will be greater than that of Plush/Yokota because there is more machinery. I have no knowledge of the other companies in the OCH group.
Back to top		Report Abusive \| Report SPAM
User Profile

Mainat		#11 Posted : Friday, July 24, 2009 9:37:00 PM
Rank: Veteran Joined: 11/21/2006 Posts: 1,590		Longship-tx 4 the info. Why did Plush borrow from Nedbank when the parent just did a rights issue recently? www.mjengakenya.blogspot.com Sehemu ndio nyumba
Back to top		Report Abusive \| Report SPAM
User Profile

longships		#12 Posted : Saturday, July 25, 2009 7:01:00 AM
Rank: Member Joined: 11/11/2007 Posts: 18		My understanding is that rights money paid for the shares.OCH would have had to stand good for the borrowings. The debtors book was factered to the bank so only assets left is machinery and stock.Stock worth very little as plush could not pay suppliers they stopped supplieng. Mostly slow and discontinued items left.
Back to top		Report Abusive \| Report SPAM
User Profile

Users browsing this topic
Guest

Wazua » Investor » Stocks » Olympia - Longships?

Forum Jump

You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Watch this topic
Email this topic
Print this topic
RSS Feed

Normal
Threaded