Wazua
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Atlas Africa Industries Suspended
Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru
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Why are this wazungus not making public the balance sheet as at 31st December 2016? Wanjiku needs to know the NAV to figure out the breadcrumbs she will be receiving now that shareholders have agreed to dissolve the company...I am suprised that Kenya's rogue and incompetent 4th estate are yet to write about the AGM held on Monday...ama sio shauri yao?? Dumb money becomes dumb only when it listens to smart money
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Rank: Chief Joined: 1/3/2007 Posts: 18,347 Location: Nairobi
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jgithige wrote: [quote=VituVingiSana]Ethiopia isn't what it is portrayed as! https://www.bloomberg.co...r&utm_medium=social[/quote] Kenya remains the best investment hub in the region. Some of our neighbours are so uncouth. ARM is equally facing challenges with TZ regulations  I meant Ethiopia is lauded by many but that isn't the real story. The real story is what happened to Atlas and might happen to Dangote. KE firms should stay away from ET under the current regime. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 8/27/2015 Posts: 138 Location: Harare
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Atlas has to be the biggest con job ever pulled at the NSE. CMA as always is waiting to react after the patient has died. Investment philosophy development in progress...
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Rank: Member Joined: 8/27/2015 Posts: 138 Location: Harare
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Navigating Ethiopia is hard but it offers better industrial prospects than Kenya. Their government is a stickler to rules some of which are not very investor friendly. My guess is that Atlas was undone by either opaque capital gains tax or forex controls. Dangote will do quite well in ET. Different playbook. Investment philosophy development in progress...
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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 Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 6/23/2009 Posts: 14,217 Location: nairobi
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Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru
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These wazungu thugs(mercenaries) should just tell us how much money they are returning to wanjiku now that they have dissolved all assets. If liability is greater than assets then they should tell us so that we can accept and move-on seeing that they are not keen on publishing financial reports. Shame on CMA Dumb money becomes dumb only when it listens to smart money
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Fyatu wrote:These wazungu thugs(mercenaries) should just tell us how much money they are returning to wanjiku now that they have dissolved all assets. If liability is greater than assets then they should tell us so that we can accept and move-on seeing that they are not keen on publishing financial reports. Shame on CMA Was the company solvent, or did the shareholders voluntarily liquidate an insolvent company, which is illegal? Life is short. Live passionately.
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Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru
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sparkly wrote:Fyatu wrote:These wazungu thugs(mercenaries) should just tell us how much money they are returning to wanjiku now that they have dissolved all assets. If liability is greater than assets then they should tell us so that we can accept and move-on seeing that they are not keen on publishing financial reports. Shame on CMA Was the company solvent, or did the shareholders voluntarily liquidate an insolvent company, which is illegal? According to FY 2015 the company was solvent with equity worth USD 3.5m. What i am asking for is 2016 numbers vs. total number of shares issued nijipange Dumb money becomes dumb only when it listens to smart money
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Rank: Veteran Joined: 4/4/2016 Posts: 2,016 Location: Kitale
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Its indeed very sad whats happening here.They should release FY 2016 results so that shareholders should know their fate.How was the FY 2015? Towards the goal of financial freedom
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