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Olympia Capital Material Anouncement
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FUNKY
#1 Posted : Tuesday, November 01, 2011 11:47:13 AM
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Joined: 4/30/2010
Posts: 1,635
I can see there is an announcement from Olympia Capital. Any news guys?
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Insurgent
#2 Posted : Tuesday, November 01, 2011 12:39:00 PM
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Joined: 8/6/2010
Posts: 594
FUNKY wrote:
I can see there is an announcement from Olympia Capital. Any news guys?



Profit down to 10 million in Aug 2011 from 13.2 million if Feb 2011.

Intends to cut costs by getting rid of non income subsidiaries and getting into Zambia.

Matu may be ailing from undisclosed ailment. That is the only prospective announcement.


"One man gives freely, yet gains even more; another withholds unduly, but comes to poverty. A generous man will prosper; he who refreshes others will himself be refreshed." Rev Canon Karanja.
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Insurgent
#3 Posted : Tuesday, November 01, 2011 12:42:20 PM
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No interim dividends if that is what you expected. This is a company for danders.


"One man gives freely, yet gains even more; another withholds unduly, but comes to poverty. A generous man will prosper; he who refreshes others will himself be refreshed." Rev Canon Karanja.
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Cde Monomotapa
#4 Posted : Tuesday, November 01, 2011 12:45:30 PM
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Joined: 1/13/2011
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Insurgent wrote:
This is a company for danders.

Laughing out loudly Laughing out loudly kuwa mpole Laughing out loudly
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VituVingiSana
#5 Posted : Tuesday, November 01, 2011 12:48:05 PM
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Joined: 1/3/2007
Posts: 18,261
Location: Nairobi
Insurgent wrote:
[quote=FUNKY]
Matu may be ailing from undisclosed ailment. That is the only prospective announcement.
I did not see this or are you being sarcastic?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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mlennyma
#6 Posted : Tuesday, November 01, 2011 12:48:34 PM
Rank: Elder


Joined: 7/21/2010
Posts: 6,192
Location: nairobi
Shareholders must meet, sell,and share the few coins left.
"Don't let the fear of losing be greater than the excitement of winning."
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Mainat
#7 Posted : Tuesday, November 01, 2011 12:50:56 PM
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Joined: 11/21/2006
Posts: 1,590
Matu has offered any prospective investor a fight with lion for every share they buy
Sehemu ndio nyumba
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Cde Monomotapa
#8 Posted : Tuesday, November 01, 2011 12:51:40 PM
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Aaah..this Co.is associated with one @VVS smile Merry Xmas boss.
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Mainat
#9 Posted : Tuesday, November 01, 2011 12:56:12 PM
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Joined: 11/21/2006
Posts: 1,590
Cde Monomotapa wrote:
Aaah..this Co.is associated with one @VVS smile Merry Xmas boss.

He is matu's cousin. He is also the tea bringer and the company secretary...
Sehemu ndio nyumba
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VituVingiSana
#10 Posted : Tuesday, November 01, 2011 1:18:00 PM
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Joined: 1/3/2007
Posts: 18,261
Location: Nairobi
Seems positive compared to last year. 10mn for 6 months vs 13mn for 12 months. This is for speculators though.

What's the story behind the properties it owns? That's where the value is not the business.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Cde Monomotapa
#11 Posted : Tuesday, November 01, 2011 1:44:17 PM
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Joined: 1/13/2011
Posts: 5,964
Mainat wrote:
Cde Monomotapa wrote:
Aaah..this Co.is associated with one @VVS smile Merry Xmas boss.

He is matu's cousin. He is also the tea bringer and the company secretary...

Lean & mean. G2G Laughing out loudly Laughing out loudly
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VituVingiSana
#12 Posted : Tuesday, November 01, 2011 1:58:49 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,261
Location: Nairobi
Mainat wrote:
Cde Monomotapa wrote:
Aaah..this Co.is associated with one @VVS smile Merry Xmas boss.

He is matu's cousin. He is also the tea bringer and the company secretary...

LOL... And they say I am the black sheep in the family ;-)
The only 'hope' I see is the properties Olympia has including some residential properties in Upper Hill and Avon House in Industrial Area. There is more value in liquidating the firm!

The good news is that Paul Wanderi Ndungu & Joel Kibe are major shareholders so the CMC Boardroom brawl means matu & friends are probably not sleeping!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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FUNKY
#13 Posted : Tuesday, November 01, 2011 2:52:59 PM
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Joined: 4/30/2010
Posts: 1,635
I was expecting a 10cts dividend. Maybe they will declare a final dividend this year.
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Aguytrying
#14 Posted : Tuesday, November 01, 2011 9:30:27 PM
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Joined: 7/11/2010
Posts: 5,040
No offence to shareholders, but i'm suprised we still talk about some companies
The investor's chief problem - and even his worst enemy - is likely to be himself
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FUNKY
#15 Posted : Wednesday, November 02, 2011 10:23:44 AM
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Joined: 4/30/2010
Posts: 1,635
For the first time i have seen a demand of over a million shares for this counter today.
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VituVingiSana
#16 Posted : Wednesday, November 02, 2011 11:07:01 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,261
Location: Nairobi
FUNKY wrote:
For the first time i have seen a demand of over a million shares for this counter today.

Perhaps Paul Ndungu is buying to own more than 30% & kick out matu?
Or is matu buying to prevent being kicked out?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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selah
#17 Posted : Wednesday, November 02, 2011 3:36:48 PM
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Joined: 10/13/2009
Posts: 1,950
Location: in kenya
I thank @VVS for not buying this stock damn if investigations were to be made CMC fiasco would be childs play.
'......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
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youcan'tstopusnow
#18 Posted : Wednesday, November 02, 2011 5:26:54 PM
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Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
selah wrote:
I thank @VVS for not buying this stock damn if investigations were to be made CMC fiasco would be childs play.


Laughing out loudly
GOD BLESS YOUR LIFE
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VituVingiSana
#19 Posted : Thursday, November 03, 2011 12:07:47 PM
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Joined: 1/3/2007
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Location: Nairobi
youcan'tstopusnow wrote:
selah wrote:
I thank @VVS for not buying this stock damn if investigations were to be made CMC fiasco would be childs play.

Laughing out loudly

This must be the only investment on the NSE that Paul Ndungu has lost money on!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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mukiha
#20 Posted : Thursday, November 03, 2011 1:06:38 PM
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Joined: 6/27/2008
Posts: 4,114
VituVingiSana wrote:
youcan'tstopusnow wrote:
selah wrote:
I thank @VVS for not buying this stock damn if investigations were to be made CMC fiasco would be childs play.

Laughing out loudly

This must be the only investment on the NSE that Paul Ndungu has lost money on!


I hear he lost quite a chunk in MSC a few year ago... gave him ulcers!
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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