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Express Kenya HY15 loss
Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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Day earlier...  Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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and today..  Pesa Nane plans to be shilingi when he grows up.
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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Are Hector Diniz (Express) and Michael Matu (Olympia) related? Chris Obura is the chairman of both firms. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 8/16/2009 Posts: 994
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How does a transport company fail to soar when a large part of their cost - "fuel" falls to such low levels? Very suspect management. Its a fraud and nothing else. So they now want to sell the land? The whole remaining assets will be given away. Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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  Hector Diniz - ceo Kajal Diniz - Director Pesa Nane plans to be shilingi when he grows up.
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Rank: User Joined: 1/20/2014 Posts: 3,528
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Pesa Nane wrote:  {|= {|= Hector Diniz - ceo Kajal Diniz - Director Ukora.............VVS  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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Another piece of crap board and management. If the chairman is Chris Obura... run! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 12/24/2008 Posts: 112
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Something is starting to smell fishy here....
Minority shareholders facing massive dilution....
What is the value of the property they own and want to develop? Major shareholder 'lends' the company funds, which he then converts to equity (by passing a rights issue), very sneaky as I see it...
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Rank: New-farer Joined: 12/9/2015 Posts: 47 Location: +254
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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atleast he has faith in his crap,unlike naikuni & ciano "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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mlennyma wrote:atleast he has faith in his crap,unlike naikuni & ciano Nothing about faith here, grabaholics! Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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mlennyma wrote:atleast he has faith in his crap,unlike naikuni & ciano Nothing about faith here, grabaholics! Pesa Nane plans to be shilingi when he grows up.
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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mlennyma wrote:atleast he has faith in his crap,unlike naikuni & ciano  Not quite. I think he 'lent' the firm money at crazy rates. The 'lent' is in parentheses because it reminds me of Michael Matu & his games at Olympia. He would borrow money from an Olympia subsidiary then lend money to Olympia. During the Rights Issue, he converted 'loans to Olympia' into shares in Olympia! So MM borrowed from Olympia. Lent to Olympia. Then converted the loans to Olympia into shares in Olympia. He never repaid Olympia for the loans he took. Then there was the big scam in SA where MM owned the shares in the SA firms but funded by Olympia! Are you confused? Bottomline: Only MM (& family) benefitted. The same is/will happen to Express. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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VituVingiSana wrote:mlennyma wrote:atleast he has faith in his crap,unlike naikuni & ciano Not quite. I think he 'lent' the firm money at crazy rates. The 'lent' is in parentheses because it reminds me of Michael Matu & his games at Olympia. He would borrow money from an Olympia subsidiary then lend money to Olympia. During the Rights Issue, he converted 'loans to Olympia' into shares in Olympia! So MM borrowed from Olympia. Lent to Olympia. Then converted the loans to Olympia into shares in Olympia. He never repaid Olympia for the loans he took. Then there was the big scam in SA where MM owned the shares in the SA firms but funded by Olympia! Are you confused? Bottomline: Only MM (& family) benefitted. The same is/will happen to Express. Serious governance issues in Express. Huyu Deniz is CEO, lender, investor, broker, director all rolled into one? CMA has a lot of work to do to protect minority Life is short. Live passionately.
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Rank: Elder Joined: 12/25/2014 Posts: 2,300 Location: kenya
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sparkly wrote:VituVingiSana wrote:mlennyma wrote:atleast he has faith in his crap,unlike naikuni & ciano Not quite. I think he 'lent' the firm money at crazy rates. The 'lent' is in parentheses because it reminds me of Michael Matu & his games at Olympia. He would borrow money from an Olympia subsidiary then lend money to Olympia. During the Rights Issue, he converted 'loans to Olympia' into shares in Olympia! So MM borrowed from Olympia. Lent to Olympia. Then converted the loans to Olympia into shares in Olympia. He never repaid Olympia for the loans he took. Then there was the big scam in SA where MM owned the shares in the SA firms but funded by Olympia! Are you confused? Bottomline: Only MM (& family) benefitted. The same is/will happen to Express. Serious governance issues in Express. Huyu Deniz is CEO, lender, investor, broker, director all rolled into one? CMA has a lot of work to do to protect minority Shafting continues. ....
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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enyands wrote:sparkly wrote:VituVingiSana wrote:mlennyma wrote:atleast he has faith in his crap,unlike naikuni & ciano Not quite. I think he 'lent' the firm money at crazy rates. The 'lent' is in parentheses because it reminds me of Michael Matu & his games at Olympia. He would borrow money from an Olympia subsidiary then lend money to Olympia. During the Rights Issue, he converted 'loans to Olympia' into shares in Olympia! So MM borrowed from Olympia. Lent to Olympia. Then converted the loans to Olympia into shares in Olympia. He never repaid Olympia for the loans he took. Then there was the big scam in SA where MM owned the shares in the SA firms but funded by Olympia! Are you confused? Bottomline: Only MM (& family) benefitted. The same is/will happen to Express. Serious governance issues in Express. Huyu Deniz is CEO, lender, investor, broker, director all rolled into one? CMA has a lot of work to do to protect minority Shafting continues. .... Our CMA will never act!!! 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: 9/20/2015 Posts: 2,811 Location: Mombasa
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I have a dream very soon CMA will act selectively against HAFR and ADSS to prove their sharp canines can bite. But counters with government presence(holding) will see their stocks traded as they are shielded and untouchable. Companies with government as an investor exposes Wanjiku to broader promiscuity of financial risks. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove
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Spikes wrote:I have a dream very soon CMA will act selectively against HAFR and ADSS to prove their sharp canines can bite. But counters with government presence(holding) will see their stocks traded as they are shielded and untouchable. Companies with government as an investor exposes Wanjiku to broader promiscuity of financial risks. Keep dreaming
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Rank: User Joined: 1/20/2014 Posts: 3,528
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whiteowl wrote:Spikes wrote:I have a dream very soon CMA will act selectively against HAFR and ADSS to prove their sharp canines can bite. But counters with government presence(holding) will see their stocks traded as they are shielded and untouchable. Companies with government as an investor exposes Wanjiku to broader promiscuity of financial risks. Keep dreaming Which Kenya?????? You expect Muthaura to catch Muthaura Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Logistics firm Express Kenya will spend Sh2 billion to construct the first phase of its housing project in Nairobi’s Industrial Area as its diversification into real estate finally starts. http://www.businessdaily...68/-/3mfdyd/-/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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