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BOC Chairman buys shares. Top 10 Shareholder
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VituVingiSana
#1 Posted : Friday, October 03, 2014 12:03:01 PM
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Joined: 1/3/2007
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Location: Nairobi
This seems like good news for BOC shareholders.
http://www.businessdaily...6/-/wowvqy/-/index.html

He has picked up a significant number of shares for a rather illiquid stock. And if based on the trend we have seen elsewhere, the firm must be doing well.

The price has moved from the 130s to 150 in recent days.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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biddii
#2 Posted : Friday, October 03, 2014 12:07:55 PM
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Joined: 9/25/2014
Posts: 27
VituVingiSana wrote:
This seems like good news for BOC shareholders.
http://www.businessdaily...6/-/wowvqy/-/index.html

He has picked up a significant number of shares for a rather illiquid stock. And if based on the trend we have seen elsewhere, the firm must be doing well.

The price has moved from the 130s to 150 in recent days.


that is always a good indicator. Also supply on this stock is hard to find. And it has an extremely strong balance sheet.
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mlennyma
#3 Posted : Friday, October 03, 2014 12:26:44 PM
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I can only suspect corporate actions to follow soon or later
"Don't let the fear of losing be greater than the excitement of winning."
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Sober
#4 Posted : Friday, October 03, 2014 12:41:56 PM
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Joined: 11/27/2007
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With most guys selling less than 1,000 shares I wonder how cumbersome it is accumulating some numbers from the market. These guys would have pursued the Carbacid deal and control the market, i would consider getting a few of these shares for the granddaughters
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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VituVingiSana
#5 Posted : Friday, October 03, 2014 12:58:38 PM
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Sober wrote:
With most guys selling less than 1,000 shares I wonder how cumbersome it is accumulating some numbers from the market. These guys would have pursued the Carbacid deal and control the market, i would consider getting a few of these shares for the granddaughters
Carbacid/BOC is old news. That takeover died not coz BOC didn't pursue it but coz Matiba (22% of Carbacid) blocked it. And he lost out coz he sold his Carbacid stake to Centum [which made ma-millions] at a discount. And the remaining shareholders in Cabacid did very well as well as they focused on CO2 and not the BOC takeover! So everyone EXCEPT Matiba came out ahead!

Karma is a bitch.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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muganda
#6 Posted : Friday, October 03, 2014 1:40:56 PM
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Joined: 9/15/2006
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VituVingiSana wrote:
Sober wrote:
With most guys selling less than 1,000 shares I wonder how cumbersome it is accumulating some numbers from the market. These guys would have pursued the Carbacid deal and control the market, i would consider getting a few of these shares for the granddaughters
Carbacid/BOC is old news. That takeover died not coz BOC didn't pursue it but coz Matiba (22% of Carbacid) blocked it. And he lost out coz he sold his Carbacid stake to Centum [which made ma-millions] at a discount. And the remaining shareholders in Cabacid did very well as well as they focused on CO2 and not the BOC takeover! So everyone EXCEPT Matiba came out ahead!

Karma is a bitch.

Eh, you misread the man's motive. Most old rich men do only the business deals they want with people they like.

So Matiba in selling to Centum at okay price was satisfied - from his perspective.
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VituVingiSana
#7 Posted : Friday, October 03, 2014 1:51:46 PM
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muganda wrote:
VituVingiSana wrote:
Sober wrote:
With most guys selling less than 1,000 shares I wonder how cumbersome it is accumulating some numbers from the market. These guys would have pursued the Carbacid deal and control the market, i would consider getting a few of these shares for the granddaughters
Carbacid/BOC is old news. That takeover died not coz BOC didn't pursue it but coz Matiba (22% of Carbacid) blocked it. And he lost out coz he sold his Carbacid stake to Centum [which made ma-millions] at a discount. And the remaining shareholders in Cabacid did very well as well as they focused on CO2 and not the BOC takeover! So everyone EXCEPT Matiba came out ahead!

Karma is a bitch.

Eh, you misread the man's motive. Most old rich men do only the business deals they want with people they like.

So Matiba in selling to Centum at okay price was satisfied - from his perspective.


I am not so sure. I think he wanted to takeover Carbacid then flip it. Or it was an ego trip. Either way, CK made out huge. They bought Matiba's stake, resolved the stand-off, and sold off at 2x (or more) the purchase price. In the meantime, Matiba was forced by BBK to face up to his debts. I think the sale proceeds were used to settle Matiba's debts.

Some idiotic shareholders of BBK asked BBK to forgive Matiba's debts. A smart shareholder suggested those (generous) shareholders should inform BBK's registrars to use the (generous) shareholders' dividends to repay the loan. Apparently, the registrar never got any such instructions!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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mlennyma
#8 Posted : Monday, October 06, 2014 11:17:10 AM
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@Aguytrying where are you my seniour????you must be smiling on this counter....this one you beat me hands down,I surrender sir enjoy...never beat a man lying down
"Don't let the fear of losing be greater than the excitement of winning."
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Aguytrying
#9 Posted : Monday, October 06, 2014 11:26:23 AM
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mlennyma wrote:
@Aguytrying where are you my seniour????you must be smiling on this counter....this one you beat me hands down,I surrender sir enjoy...never beat a man lying down



Wah! the pain. I had an order at 126 that never got filled. I had really been planning to get this share over the last 2-3 months. Ill continue buying my laggards...
The investor's chief problem - and even his worst enemy - is likely to be himself
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Aguytrying
#10 Posted : Monday, October 06, 2014 11:28:30 AM
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Aguytrying wrote:
mlennyma wrote:
@Aguytrying where are you my seniour????you must be smiling on this counter....this one you beat me hands down,I surrender sir enjoy...never beat a man lying down



Wah! the pain. I had an order at 126 that never got filled. I had really been planning to get this share over the last 2-3 months. Ill continue buying my laggards...


On the flip side, Carbacid is also not at bad bet at current prices..... ni hali ya maisha i guess
The investor's chief problem - and even his worst enemy - is likely to be himself
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mlennyma
#11 Posted : Friday, March 06, 2015 5:28:18 PM
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Any insights, to buy or not like the chairman did?results around the corner.
"Don't let the fear of losing be greater than the excitement of winning."
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Aguytrying
#12 Posted : Friday, March 06, 2015 7:53:31 PM
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mlennyma wrote:
Any insights, to buy or not like the chairman did?results around the corner.


I know, it feels like something good might happen. a ka bonus like this or big profits. or even better company actions. but who knows???
The investor's chief problem - and even his worst enemy - is likely to be himself
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mlennyma
#13 Posted : Friday, March 06, 2015 9:06:04 PM
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Joined: 7/21/2010
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Aguytrying wrote:
mlennyma wrote:
Any insights, to buy or not like the chairman did?results around the corner.


I know, it feels like something good might happen. a ka bonus like this or big profits. or even better company actions. but who knows???

smile you had good appetite for this share I don't know how much your belly was able to hold
"Don't let the fear of losing be greater than the excitement of winning."
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