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Olympia capital where to?
Rank: Veteran Joined: 3/26/2012 Posts: 985 Location: Dar es salaam,Tanzania
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hisah wrote:Round trip meltup on vapour volume... NSE is now a Casino...   i have never witnessed such price manipulations as this year.It always happens when there is lots of volatility
“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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Rank: Hello Joined: 1/20/2014 Posts: 9 Location: Nairobi
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I have Never Seen a Stock rise this fast. Whatever is happening at the back office Nobody Knows If the dollar value goes to Zero, the gold value goes to infinity.
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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where is the 10% rule or wat is the announcement today? "Don't let the fear of losing be greater than the excitement of winning."
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Rank: New-farer Joined: 9/25/2014 Posts: 27
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mlennyma wrote:where is the 10% rule or wat is the announcement today? Only thing I have seen is a the AGM Resolutions. I didn't know that counts as a material announcement
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Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi
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At this rate we may start seeing suides at nse
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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streetwise wrote:At this rate we may start seeing suides at nse 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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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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@Ann heheheeee,suides,I catch your eye but I think speculators and panic sellers can largely blame themselves for allowing their emotions to trade on the nse. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove
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After the "material announcement" somebody whipped the monkey so hard that it jumped to the furthest branch of the tree. The problem is that those branches are the weakest and it may drop before Friday.
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Rank: Member Joined: 11/1/2013 Posts: 257
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My question is what constitutes a material announcement at the NSE No diagnosis,no pragnosis,no pragnosis no profit......Jesse livermore
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Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi
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I assuming what is being referred to here as material is the fact that the major shareholders have decided to rescue failing subsidiaries. I don’t understand what is material about this !!!.
Let put in another way how does this promise a profitable future for the company.
It would look to me like what investors are eager to hear is a coup and the swing starts.
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Rank: Member Joined: 7/3/2014 Posts: 245
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How much volume between 2.50 and today's price ? In the world of securities, courage and patience become the supreme virtues after adequate knowledge and a tested judgment are at hand.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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TheGeek wrote:How much volume between 2.50 and today's price ? Vol spike of 1M cratered the price from 9/- to 2.60/- in a day's trade. Then the rebound on vapour volume till yesterday and today when some vol has checked in. It's that rebound on vapour vol that stinks so bad. Manipulation just like korch.
Btw before OCH rallied, vol spike of 2M shares traded at 5/-.
Not quality counters. So, was yesterday's directors loan inject really to considered material info to send the price up almost 100%??$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Watching OCH and ORCH tickers... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Quote:Investment company Olympia Capital has announced plans to close two of its loss-making subsidiaries, indicating yet another financial blow to shareholders of the NSE-listed firm.
The company is shutting down Dunlop Industries, a Nairobi-based manufacturer of vinyl floor tiles, and Cape Town-based Tiespro Trading, which makes bathroom and kitchen fittings.
The company’s other loss-making subsidiaries, Mather and Platt Kenya Limited-—a fire and mechanical engineering firm and Dunlop received a Sh30 million capital injection from director John Simba and Mr Matu Wamae’s family among other board members.
Mather and Platt and Dunlop Industries posted losses of Sh8.2 million and Sh6.2 million respectively for the full year to February last year, the first time the former dipped into the red and the second consecutive year the latter was in the negative.
Olympia said the two subsidiaries’ current liabilities exceeded their current assets, underlining the urgency of the intervention.
http://www.businessdaily...0/-/ha4j45/-/index.html
"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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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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murchr wrote:Quote:Investment company Olympia Capital has announced plans to close two of its loss-making subsidiaries, indicating yet another financial blow to shareholders of the NSE-listed firm.
The company is shutting down Dunlop Industries, a Nairobi-based manufacturer of vinyl floor tiles, and Cape Town-based Tiespro Trading, which makes bathroom and kitchen fittings.
The company’s other loss-making subsidiaries, Mather and Platt Kenya Limited-—a fire and mechanical engineering firm and Dunlop received a Sh30 million capital injection from director John Simba and Mr Matu Wamae’s family among other board members.
Mather and Platt and Dunlop Industries posted losses of Sh8.2 million and Sh6.2 million respectively for the full year to February last year, the first time the former dipped into the red and the second consecutive year the latter was in the negative.
Olympia said the two subsidiaries’ current liabilities exceeded their current assets, underlining the urgency of the intervention.
http://www.businessdaily...0/-/ha4j45/-/index.html
Im surprised this company still exists. 9 lives The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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murchr wrote:Quote:Investment company Olympia Capital has announced plans to close two of its loss-making subsidiaries, indicating yet another financial blow to shareholders of the NSE-listed firm.
The company is shutting down Dunlop Industries, a Nairobi-based manufacturer of vinyl floor tiles, and Cape Town-based Tiespro Trading, which makes bathroom and kitchen fittings.
The company’s other loss-making subsidiaries, Mather and Platt Kenya Limited-—a fire and mechanical engineering firm and Dunlop received a Sh30 million capital injection from director John Simba and Mr Matu Wamae’s family among other board members.
Mather and Platt and Dunlop Industries posted losses of Sh8.2 million and Sh6.2 million respectively for the full year to February last year, the first time the former dipped into the red and the second consecutive year the latter was in the negative.
Olympia said the two subsidiaries’ current liabilities exceeded their current assets, underlining the urgency of the intervention.
http://www.businessdaily...0/-/ha4j45/-/index.html
Im surprised this company still exists. 9 lives The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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Aguytrying wrote:murchr wrote:Quote:Investment company Olympia Capital has announced plans to close two of its loss-making subsidiaries, indicating yet another financial blow to shareholders of the NSE-listed firm.
The company is shutting down Dunlop Industries, a Nairobi-based manufacturer of vinyl floor tiles, and Cape Town-based Tiespro Trading, which makes bathroom and kitchen fittings.
The company’s other loss-making subsidiaries, Mather and Platt Kenya Limited-—a fire and mechanical engineering firm and Dunlop received a Sh30 million capital injection from director John Simba and Mr Matu Wamae’s family among other board members.
Mather and Platt and Dunlop Industries posted losses of Sh8.2 million and Sh6.2 million respectively for the full year to February last year, the first time the former dipped into the red and the second consecutive year the latter was in the negative.
Olympia said the two subsidiaries’ current liabilities exceeded their current assets, underlining the urgency of the intervention.
http://www.businessdaily...0/-/ha4j45/-/index.html
Im surprised this company still exists. 9 lives The bigger surprise is that pple find value in it and are buying! The opposite of courage is not cowardice, it's conformity.
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Rank: Member Joined: 9/30/2013 Posts: 254
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did this company make any profits?
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Rank: User Joined: 1/20/2014 Posts: 3,528
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VVS is yet to comment on these new developemnts at Olympia Capital? Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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Thieves. I wrote it off years ago. Sold out most at 6/- during that mini-boom. Great decision. Reinvested the cash. Same with KQ. Exit a losing position when the positive fundamentals are no longer there. I didn't exit KK but at this point I see good news though I admit I ignored the bad news in 2012. Lesson learnt. The lesson I learnt from Olympia I have tried to apply to my other investments. If the Management is untrustworthy/shady, exit ASAP. If the fundamentals change [& don't seem likely to reverse] then take the loss or lock in the gain. Don't average down. Exit. Read. Read. Read. Read books. Read articles. Read magazines. Distill this information. It's your money. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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