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CMC MOTORS Boardroom Wars
Rank: Chief Joined: 8/4/2010 Posts: 8,977
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At this rate Peter Muthoka will overshadow Pattni's scam cases... www.nation.co.ke/News/Ty...0/-/res5jjz/-/index.html$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 10/13/2009 Posts: 1,950 Location: in kenya
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I dont think it is a scam...its shrewd business...all he did was use his lease as security whats wrong with that? If you look at all the allegation labelled against him In CMC and Now at KAA you will realise how clever Muthoka is in building his empire.He uses the right channels the guys on the opposite side are the ones napping not him...and he shuld not be blamed for taking advantage of the opportunities that fall on his path. '......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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Rank: Elder Joined: 7/23/2008 Posts: 3,017
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Our journalists/ business reporters are generally sensational idiots. Transglobal has put up a Sh 2 billion facility in the KAA land under lease, why can't they borrow against the same. "The purpose of bureaucracy is to compensate for incompetence and lack of discipline." James Collins
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Thanks @selah and @obi - I guess biz journas need to be further educated  But I'm wondering why KAA is refusing to comply... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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Rank: Elder Joined: 6/17/2008 Posts: 23,365 Location: Nairobi
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.....and now they lose exclusive Land Rover, Ford franchise contracts http://www.businessdaily...4/-/kca98nz/-/index.html..."Wewe ni mtu mdogo sana....na mwenye amekuandika pia ni mtu mdogo sana!".
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Rank: Veteran Joined: 2/2/2012 Posts: 1,134 Location: Nairobi
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Slowly heading the Marshalls' way, isn't it?
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Two ousted board members of troubled motor firm CMC have obtained temporary court orders blocking the capital markets regulator’s directive that they be barred from serving as directors in the company. The High Court, in a ruling made last Thursday, also allowed Peter Muthoka, a former chairman of the auto firm and his side-kick Joseph Kevai, to challenge the Capital Markets Authority’s (CMA) decision to bar them from holding directorships in Nairobi Securities Exchange (NSE)-listed companies. http://www.businessdaily...8/-/e8ctn3z/-/index.html"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: Chief Joined: 8/4/2010 Posts: 8,977
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murchr wrote:Two ousted board members of troubled motor firm CMC have obtained temporary court orders blocking the capital markets regulator’s directive that they be barred from serving as directors in the company. The High Court, in a ruling made last Thursday, also allowed Peter Muthoka, a former chairman of the auto firm and his side-kick Joseph Kevai, to challenge the Capital Markets Authority’s (CMA) decision to bar them from holding directorships in Nairobi Securities Exchange (NSE)-listed companies. http://www.businessdaily.../-/e8ctn3z/-/index.html The chest thumping continues while Wanjikus share value is suspended...$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Minority shareholders of CMC Holdings have been given the nod to sue the troubled auto firm’s management and directors for losses and failure to hold an AGM. Minority shareholder Daniel Muchiri lodged the suit on behalf of fellow shareholders Alois Chami, Emmanuel Masaba, and Geoffrey Maoga. http://www.businessdaily...4/-/oqqe4z/-/index.html
GOD BLESS YOUR LIFE
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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CMC Holdings loses exclusive dealership of MAN trucksBy the time this circus is over that Muthoka man will be bankrupt. And what is the CEO doing, this company has been loosing dealerships by the month. "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: Veteran Joined: 4/30/2010 Posts: 1,635
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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CMC share ban extended by another 65 days till March 30 2013... I can hardly wait for this thing to start trading again. The nosedive! Like I said before, most serious cases of enterprise corruption ends up in bankruptcy... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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FUNKY wrote:http://www.businessdailyafrica.com/Corporate-News/Jaguar-hits-back-at-CMC-in-Land-Rover-row/-/539550/1666596/-/nfhtav/-/index.html Things are thick here. This CMC can make an excellent PhD thesis, a book and/or movie. ONLY GOD CAN HELP WANJIKU Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Member Joined: 2/18/2011 Posts: 448
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dunkang wrote:FUNKY wrote:http://www.businessdailyafrica.com/Corporate-News/Jaguar-hits-back-at-CMC-in-Land-Rover-row/-/539550/1666596/-/nfhtav/-/index.html Things are thick here. This CMC can make an excellent PhD thesis, a book and/or movie. ONLY GOD CAN HELP WANJIKU great idea,shall actually advise a pal to look at the probability of a phD thesis on the company esp on the area of corporate governance
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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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mibbz wrote:dunkang wrote:FUNKY wrote:http://www.businessdailyafrica.com/Corporate-News/Jaguar-hits-back-at-CMC-in-Land-Rover-row/-/539550/1666596/-/nfhtav/-/index.html Things are thick here. This CMC can make an excellent PhD thesis, a book and/or movie. ONLY GOD CAN HELP WANJIKU great idea,shall actually advise a pal to look at the probability of a phD thesis on the company esp on the area of corporate governance Actually, the topic should focus on the aspect of DECEPTION. CMC is just full of lies. Here they bid and failed the JLR tender and they continue giving false hope to investors that they have been stabbed at the back Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Elder Joined: 9/15/2006 Posts: 3,905
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Rightoo! So is Bill Lay a liar? JaguarLandRover claims so while stating his leadership is not doing justice to their brand. And he definitely has destroyed shareholder value in CMC thus far. It seems JaguarLandRover would rather sleep with his villians. Time will tell but one thing is for sure: Quote:It is an immutable law in business that words are words, explanations are explanations, promises are promises but only performance is reality.
Harold S. Geneen
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Boardroom wars aside. The same board has to figure out how to deal with this Toyota & DT Dobie proposed merger - http://www.businessdaily...-/11fj1mrz/-/index.html C&G and CMC investors better hold on tight... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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