Interestingly, the share price has gone north.

This is a subsequent event and the least I expect is for the auditors (who are they? Hopefully not the Uchumi lot) to speak appropriately at the AGM. A valuation of the metro is required so that the losses (if any) are dealt with as adjusting entries in last years accounts. The Board of Directors MUST relieve Somen the MD of his job, they can retain him on the Board if they wish. The Overview purchase should also be reviewed and appropriate write-offs done. Once all this is done, we can then start again and rise from the ashes. BTW didn't Thakkar own Scangroup and now is running it professionally and not like a fiefdom?

1) He is the mzee... The lawyer who made an investment in Jonathan & David's firm.

2) No idea how much lakini they overpaid that henry chap for OpenView!

3) More the reason to let things cool down as well as sort the issues out BEFORE the AGM...

The largest, longest study of experts' economic forecasts was performed by Philip Tetlock, a professor at the Haas Business School of the University of California - Berkeley. He studied 82,361 predictions over 25 years by 284 selected experts. Prof Tetlock concluded that expert predictions barely beat random guesses. Ironically, the more famous the expert, the less accurate his or her predictions tended to be.
So, as an investor, what should you do about forecasts.... forecasts of the stock market, forecasts of the interest rates, forecasts of the economy? Answer: Nothing. You can save time, anxiety, and money by ignoring market forecasts and trusting your instincts.