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Olympia Capital FY2012-13 PBT drops a massive 74%
Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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The blackhole known as Olympia Capital!
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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guru267 wrote:VituVingiSana wrote:guru267 wrote:mwekez@ji wrote:guru267 wrote:... I'm back in Olympia at anywhere between 2.5-3.5bob  buying price range that is 40% apart??? ... P/E range 16-23 in such a crap company??? Mboss there is no stress here! Its always about getting in at the right price... And for Olympia its below 3bob just like paka below 2bob! NAV still remains at 26bob so if they were to give up and and liquidate the company investors would a serious serious killing! Please walk me through the mathematics of NAV of 26/share. @VVS Basically shareholder funds of 1,074,362,000 divided by 40 million shares.. You get 26.85bob! but if you strip down Goodwill, Revaluations, NCI and consider FSV then the NAV per share falls to about 10bob I see. Please explain to me what the term "non-controlling interest" means? The amount shown as "non-controlling interest" = KShs 282,669,000 Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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What a shady firm. It has 2 line items as "Amounts due from related parties" coz the firm has debtors who are the matu family insiders mpaka they need to entries! First "Amounts due from related parties" = KShs 369,476,000 then another KShs 74,459,000 Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/20/2012 Posts: 3,855 Location: Othumo
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i hope this discussion is not goining to get 'investors' shaved clean in the next few months  #learntwithpaka! Thieves
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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VituVingiSana wrote:guru267 wrote:VituVingiSana wrote:guru267 wrote:mwekez@ji wrote:guru267 wrote:... I'm back in Olympia at anywhere between 2.5-3.5bob buying price range that is 40% apart??? ... P/E range 16-23 in such a crap company??? Mboss there is no stress here! Its always about getting in at the right price... And for Olympia its below 3bob just like paka below 2bob! NAV still remains at 26bob so if they were to give up and and liquidate the company investors would a serious serious killing! Please walk me through the mathematics of NAV of 26/share. @VVS Basically shareholder funds of 1,074,362,000 divided by 40 million shares.. You get 26.85bob! but if you strip down Goodwill, Revaluations, NCI and consider FSV then the NAV per share falls to about 10bob I see. Please explain to me what the term "non-controlling interest" means? The amount shown as "non-controlling interest" = KShs 282,669,000 @VVS "non controlling interest" are probably the shareholders who also own part of the Botswana subsidiary which is listed on the Botswana stock exchange! Mark 12:29
Deuteronomy 4:16
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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guru267 wrote:VituVingiSana wrote:guru267 wrote:VituVingiSana wrote:guru267 wrote:mwekez@ji wrote:guru267 wrote:... I'm back in Olympia at anywhere between 2.5-3.5bob buying price range that is 40% apart??? ... P/E range 16-23 in such a crap company??? Mboss there is no stress here! Its always about getting in at the right price... And for Olympia its below 3bob just like paka below 2bob! NAV still remains at 26bob so if they were to give up and and liquidate the company investors would a serious serious killing! Please walk me through the mathematics of NAV of 26/share. @VVS Basically shareholder funds of 1,074,362,000 divided by 40 million shares.. You get 26.85bob! but if you strip down Goodwill, Revaluations, NCI and consider FSV then the NAV per share falls to about 10bob I see. Please explain to me what the term "non-controlling interest" means? The amount shown as "non-controlling interest" = KShs 282,669,000 @VVS "non controlling interest" are probably the shareholders who also own part of the Botswana subsidiary which is listed on the Botswana stock exchange! Then why are you counting them ("non controlling interest" are probably the shareholders who also own part of the Botswana subsidiary ) as part of "Shareholders Funds" that accrue to Olympia (Kenya) Shareholders? You wrote: "Basically shareholder funds of 1,074,362,000 divided by 40 million shares.. You get 26.85bob!" Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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guru267 wrote:
Mboss there is no stress here! Its always about getting in at the right price... And for Olympia its below 3bob just like paka below 2bob!
NAV still remains at 26bob so if they were to give up and and liquidate the company investors would a serious serious killing!
Funny how you still call you PET stock PAKA Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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VituVingiSana wrote:guru267 wrote:VituVingiSana wrote:guru267 wrote:VituVingiSana wrote:guru267 wrote:mwekez@ji wrote:guru267 wrote:... I'm back in Olympia at anywhere between 2.5-3.5bob buying price range that is 40% apart??? ... P/E range 16-23 in such a crap company??? Mboss there is no stress here! Its always about getting in at the right price... And for Olympia its below 3bob just like paka below 2bob! NAV still remains at 26bob so if they were to give up and and liquidate the company investors would a serious serious killing! Please walk me through the mathematics of NAV of 26/share. @VVS Basically shareholder funds of 1,074,362,000 divided by 40 million shares.. You get 26.85bob! but if you strip down Goodwill, Revaluations, NCI and consider FSV then the NAV per share falls to about 10bob I see. Please explain to me what the term "non-controlling interest" means? The amount shown as "non-controlling interest" = KShs 282,669,000 @VVS "non controlling interest" are probably the shareholders who also own part of the Botswana subsidiary which is listed on the Botswana stock exchange! Then why are you counting them ("non controlling interest" are probably the shareholders who also own part of the Botswana subsidiary ) as part of "Shareholders Funds" that accrue to Olympia (Kenya) Shareholders? You wrote: "Basically shareholder funds of 1,074,362,000 divided by 40 million shares.. You get 26.85bob!" @VVS I thought you would understand the art of pumping by now?? I know you can't be fooled but I will not spare any inexperienced "investor" playing with stocks on the exchange! Mark 12:29
Deuteronomy 4:16
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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@guru - Hah!!! So that's your game, eh? If MM were to leave the firm [I expect many write-offs at this stage] I might consider a serious investment in the firm! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Mmm...can the Guru do a no. on Express too?
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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http://www.bbc.co.uk/new...&utm_medium=twitter
Olympus scandal: Former executives sentenced One day I hope to read: Olympia scam: Executives executed Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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VituVingiSana wrote:
One day I hope to read:
Olympia scam: Executives executed
 Ive been trying to manipulate this thing downwards since yesterday with 100 share trades then go in for the kill below 3bob! Mark 12:29
Deuteronomy 4:16
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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The CEO (Ken Kareithi) of Olympia Kenya resigned. The CEO (Shyamal Bhavani) of Olympia Botswana resigned. A director (David Kabeberi) of Olympia Kenya resigned. And Michael Matu is still around as Deputy Chairman and the 'real' CEO behind the faltering firm. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 2/8/2007 Posts: 808
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Matu is a dead man walking in another market. But since this is a sapere market he is allowed to piss on common men.
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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I think @Guru's genius has discovered something never before seen on nse or is running some scam. What is it with hyping all useless stocks like Paka, Olympia, HAFR ejus dem generis!? Life is short. Live passionately.
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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And the former CEO (Ken) sues Olympia for millions http://www.businessdaily.../-/63t0prz/-/index.html
And michael matu ("Deputy Chairman") continues enjoying a huge salary and benefits while the company bleeds. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 5/28/2014 Posts: 149 Location: Nairobi
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Article in today's BD page 8 - Olympia Capital top investors transfer shares. Mentions getting into the cosmetics and other business. When you live for others' opinions, you are dead.
- Carlos Slim Helu
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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Olympia Capital names new executive directors http://www.businessdaily...6/-/7oca0b/-/index.html
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Olympia Capital FY2012-13 PBT drops a massive 74%
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