I saw an article or interview (CNBC Africa) [1-2 months ago] in which the MD said they expect profits of 40mn (EPS of 1/-). So not bad on that basis.

@rich vee.. this stock has been really beaten up due to the rough times its had before..
but it did a major restructuring of its balance sheet and took alot of debt off it..
it is also likely to benefit greatly from a recovery in south africa and botswana..
it is also diversifying its business out of construction into venture capital and food business...

All these factors have led me to believe this stock has good days ahead hence in around april i'm about to put a major chunk of my holdings into it...

but please @richvee do alot of your own research first because this is a small cap stock and they tend to be very dangerous/rewarding depending on ones choice...

I went in during the South African expansion craze; burnt several fingers and got out...at 9bob...and never looked back

This thing is a fraud!!!. I would not touch anything run by Michael Matu.
Sample this;

2006: Olympia capital purchases Plush Products (Pty) Ltd in South Africa, for Kshs 180m.
Sept 2007: Olympia raises Kshs. 420m in the NSE in a just fully subscribed rights issue.
2007: Olympia acquired an additional 20% of Avon Ltd from wavon Limited (which is owned by the same directors - sic MATU wamae family). The company owns property in Industrial Area Nairobi. This is done based on 'directors valuation' and not and independent valuation as should be the case for property of such value.
Jan 2009: Plush products is closed down, ostensibly over business model gone wrong/strong retailer influence. Never mind that this company was already in operation prior to Olympia coming in

I sense lack of full disclosure on the part of the directors and manipulation of information, even insider trading from this.

the link below will be useful

http://www.nation.co.ke/...n/-/rhc8k4z/-/index.html

[quote=gathinga]This thing is a fraud!!!. I would not touch anything run by Michael Matu.
Sample this;

2006: Olympia capital purchases Plush Products (Pty) Ltd in South Africa, for Kshs 180m.
Sept 2007: Olympia raises Kshs. 420m in the NSE in a just fully subscribed rights issue.
2007: Olympia acquired an additional 20% of Avon Ltd from wavon Limited (which is owned by the same directors - sic MATU wamae family). The company owns property in Industrial Area Nairobi. This is done based on 'directors valuation' and not and independent valuation as should be the case for property of such value.
Jan 2009: Plush products is closed down, ostensibly over business model gone wrong/strong retailer influence. Never mind that this company was already in operation prior to Olympia coming in

I sense lack of full disclosure on the part of the directors and manipulation of information, even insider trading from this.

the link below will be useful

http://www.nation.co.ke/.../-/rhc8k4z/-/index.html[/quote]

Wow, that was quite an eye opening article!