Aguytrying wrote:VituVingiSana wrote:maka wrote:VituVingiSana wrote:Ericsson wrote:Yes they do and it depends on which side of the mkate nusu the particular institution falls under.
E.g safaricom where gava owns 40% is majorly on the TNA side
TKL which has now just being taken over by Hellios and GoK owns 40% henceforth is on the URP side and that's why John Barorot has been appointed the CTO.
Now look at how the management of the two firms will be played out.
Same case applies to energy sector where Kengen is on the TNA side while KPLC is on the URP
This was brought to my attention by a guy who is neither URP nor TNA. He told me POINT BLANK that the scams being perpetuated in KPLC are huge. Furthermore, he said he prefers the TNA folks who don't completely kill off the golden geese unlike the URP folks. He said the rot will show up in 2-3 years.
I stopped buying KPLC [& became a seller] after this conversation. [BTW, I do not care for KenGen either at this point].
http://www.standardmedia...peline-company-billions
As a taxpayer
... I need to find a job with GoK. Steal to my heart's content. No-one goes to jail.
Sweetie has retired.
Kibaki's squeeze & her daughter have done well for themselves.
NCPB has 'lost" KES 1bn in "un-millable" maize that might have been bought as Grade 1 maize.
Tunoi has retired. The KES 200mn case has collapsed/died.
KQ has lost 80bn since 2012 yet Naikuni, Mbugua and friends are free.
Even when u try to forget how bad investing with government is, they keep reminding you....
I think we have some civil servants on Wazua.
The defenders in charge of the defense of the indefensible...
I have Kenya Re [GoK 60%] as a core holding. I attend the AGMs and the CEO seems a straight-forward guy. They answer questions. They also have a lot of cash. They pays a decent [not spectacular] dividend. They own 20% of Zep-Re. DEG bought into Zep-Re in 2014 with 10% and have increased their stake to 16%. I assume they would have done Due Diligence into Zep-Re.
I do not know if the IRA is as thorough as CBK [though the CBK dropped the ball on Imperial and Chase] in vetting Kenya Re's financials. I have some 'margin' for error on the P:B which gives me comfort. Or just my way of justifying my decision.
Haram = merali, matu, zeph mbugua/TCL, ADSS-types, munga, etc and GoK. No NBK and no KCB until sufficient provisions are applied to the NPLs.
Halal = KenolKobil, Unga, Williamson/Kapchorua, I&M, TPSEA and KenRe. When the price looks good then Jubilee & DTB. FTGH which looks attractive at 5.60-ish. Price is a consideration for Kakuzi, Centum, most banks, Bamburi & BOC.
And I sleep at night. Peacefully.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett