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Kurwitu FY15 Profit Warning
Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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Just a reminder. FY13 Ksh. 815,416 LOSS FY14 Ksh. 5,686,018 LOSS FY15 any guesses?  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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This one they can issue profit warning every year, they would be warning themselves  Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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Rank: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove
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Some of these companies don't need to issue profit warnings.
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Rank: Member Joined: 7/20/2012 Posts: 141
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whiteowl wrote:Some of these companies don't need to issue profit warnings. Alternatively they could just make a permanent profit warning. By the way, what sort of products and services does this company offer for sale?
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Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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whiteowl wrote:Some of these companies don't need to issue profit warnings. even the name to me doesn't sound like a company "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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Noted.  Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 12/25/2014 Posts: 2,300 Location: kenya
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Pesa Nane wrote:Just a reminder. FY13 Ksh. 815,416 LOSS FY14 Ksh. 5,686,018 LOSS FY15 any guesses? Probably 10.5 million loss
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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h2s wrote:whiteowl wrote:Some of these companies don't need to issue profit warnings. Alternatively they could just make a permanent profit warning. By the way, what sort of products and services does this company offer for sale? Sell? Nothing!! Previous 2 Consecutive years ZERO income. Nothing. Not even a fake sale.  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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Isn't this the firm associated with the chairman of NBK? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Why did they list this monkey? "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: 9/20/2015 Posts: 2,811 Location: Mombasa
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murchr wrote:Why did they list this monkey? Since Wanjiko has kept distance from this expensive crap @1500 per share. CMA finds unnecessary to flex its muscles against operating license. I don't know exactly who is screwed in this counter. But the real shafters have issued profit warning year after year. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Veteran Joined: 7/1/2014 Posts: 903 Location: sky
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Spikes wrote:murchr wrote:Why did they list this monkey? Since Wanjiko has kept distance from this expensive crap @1500 per share. CMA finds unnecessary to flex its muscles against operating license. I don't know exactly who is screwed in this counter. But the real shafters have issued profit warning year after year. we need to keep our eyes open, one day they will shaft people, they will wait for bull market euphoria announce some profit (of course with a very big percentage jump from loss,come up with other funny funny announcements like acquisitions, then split the share to make it favourable before wanjiku knows they have exited home africa style There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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littledove wrote:Spikes wrote:murchr wrote:Why did they list this monkey? Since Wanjiko has kept distance from this expensive crap @1500 per share. CMA finds unnecessary to flex its muscles against operating license. I don't know exactly who is screwed in this counter. But the real shafters have issued profit warning year after year. we need to keep our eyes open, one day they will shaft people, they will wait for bull market euphoria announce some profit (of course with a very big percentage jump from loss,come up with other funny funny announcements like acquisitions, then split the share to make it favourable before wanjiku knows they have exited home africa style Profit or none. I don't trust these buggers. Something doesn't sit right with me. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove
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VituVingiSana wrote:Isn't this the firm associated with the chairman of NBK? It is unless it's a case of similar names. This makes this firm even more shady.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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whiteowl wrote:VituVingiSana wrote:Isn't this the firm associated with the chairman of NBK? It is unless it's a case of similar names. This makes this firm even more shady. Kurwitu Ventures MD owns half the company
Quote:Mr Abdillahi and Mr Hassan are both former executives of Dyer and Blair investment bank. Hassan chairs the board of National Bank of Kenya.
Thanks to his controlling stake, Mr Abdillahi “has the capacity by law to pass an ordinary resolution without seeking approval from the rest of the shareholders”, the firm warns in a listing statement seen by BDAfrica.com.
“In addition, he can have a special resolution passed with the assistance of only one other shareholder, Mohammed A Hassan.”
The GEMS section is indeed a landmine field!
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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Hassan is a deadly chap. In destroying wealth for others. http://www.nation.co.ke/.../-/e4h7vtz/-/index.html
Kurwitu shadiness. NBK is dying. And this at D&B. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
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This Hassan should be added to that famous list. @Guru 267 How is D&B doing? @Angelica hope you now know what Hassan is capable of at NBK. Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Rank: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove
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NBK might join Dubai and Imperial soon considering it wasn't so healthy when he joined.
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