gathinga wrote:VituVingiSana wrote:LOL...
I. The AGM was moto-moto & the Board released new Corporate Governance guidelines. I am trying to find that link.
That's interesting considering the above article. please post the link
@VVS. this is noit exactly moto-moto. There were serious questions raised. Regarding re-entry into South Africa, I note that this has not been achieved though there are plans to do so. There is no guarantee that this time round, things will be smooth. Besides, this investment if down in the first half of 2010 can only pay off later in 2011 or 2012, coz of the huge costs outlay involved in entering a new market.
My biggest problem with Olympia is one.
Why do they want to hold small market shares in many markets (kenya, SA, Botswana, Mozambique, and now Zambia and Zibambwe) in stead of developing one main market where they build a significant market share like EA Cables, EABL, Bamburi, ARM Etc have done.
The management of Olympia appears not ti be clear what their core business is!! Is it property or manufacturing? Neither do they know what are their main products? Is it tiles or?????
How can they close a company in SA in 2009, citing hostile retailers and get back in the same mamrket less than one year later. It appears they want to be in SA whether making loses or not? A case of egos
Someone please explain to me why Olympia borrowed from Avon while at the same time buying a additional 20% stake in the company in cash???
Ati corporate governance. This company has the worst corporate governance at the NSE. First, they don't meet NSE reporting deadlines for full year financial s and have had t pay fines in the last two financial years. I guess it takes time to cook books