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CMC MOTORS Boardroom Wars
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FUNKY
#21 Posted : Thursday, June 30, 2011 9:22:10 AM
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Joined: 4/30/2010
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http://www.businessdaily...6/-/lfx8jm/-/index.html

This is really good news for CMC motors.
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FUNKY
#22 Posted : Monday, August 01, 2011 8:17:31 AM
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http://www.businessdaily.../-/ntbfjtz/-/index.html

Another good news for car dealers.
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FUNKY
#23 Posted : Monday, August 15, 2011 12:40:58 PM
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Guys note that over the past few days when almost all the counters have taken a huge beating this is one share that has stood up and the price has not shaken at all.
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FUNKY
#24 Posted : Thursday, August 18, 2011 11:21:33 AM
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http://www.businessdaily.../-/e3i3cqz/-/index.html

I guess this could be one of the reasons why the price of CMC has defied the bear market.
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kenyainvestor
#25 Posted : Thursday, September 08, 2011 12:06:45 PM
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Joined: 7/12/2011
Posts: 194
Marshalls loses Chinese auto firm’s franchise deal:
Marshalls East Africa has suffered a blow in its quest to get a large share of the heavy commercial vehicle market after a Chinese firm dropped it from a joint venture.

Foton Motors, which plans to start constructing a Sh1.2 billion assembly plant in Kenya this year to help it raise sales on the continent, had struck a franchise deal with Marshalls for the sale of its pick-ups, buses and trucks.

Now, the Chinese firm is looking elsewhere, arguing Marshalls cannot push sales in a competitive market due to its weakened executive team that has been rocked by boardroom wrangles.

http://www.businessdaily.../-/si7g7wz/-/index.html

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mukiha
#26 Posted : Thursday, September 08, 2011 1:06:59 PM
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Joined: 6/27/2008
Posts: 4,114
CMC has been the best performer so far this quarter: started at 11.00 on July 1 and is now 12.25 {11.4% up}

The only other stock that has recorded a gain is Limuru Tea. All the others are either flat or have lost!

And I'm happy to report that CMC accounts for 35% of my portfolio. It is a looooooong term investment that I have had since 1994!
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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FUNKY
#27 Posted : Thursday, September 08, 2011 1:56:42 PM
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Yes i was telling everyone to buy CMC motors,i am sure we are going to hear some good news that's why the share has remained stable so far.
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mnjoro
#28 Posted : Thursday, September 08, 2011 3:24:42 PM
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@Funky
CMC !!!!!! come sloooowly.
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mukiha
#29 Posted : Friday, September 09, 2011 12:09:15 PM
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Joined: 6/27/2008
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mnjoro wrote:
@Funky
CMC !!!!!! come sloooowly.



Yes, CMC: It is now at 13.50... demand 390k vs supply 148k
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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mukiha
#30 Posted : Friday, September 09, 2011 12:11:56 PM
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Joined: 6/27/2008
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Interesting that wazua hasn't registered the 8.4% jump!
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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mnjoro
#31 Posted : Friday, September 09, 2011 1:46:11 PM
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Posts: 573
@Mukiha
Hear there are boardroom changes.
That stock i would keep off abit.
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QW25081985
#32 Posted : Friday, September 09, 2011 1:55:32 PM
Rank: User


Joined: 8/29/2011
Posts: 1,045
Location: Mtaani
mukiha wrote:
CMC has been the best performer so far this quarter: started at 11.00 on July 1 and is now 12.25 {11.4% up}

The only other stock that has recorded a gain is Limuru Tea. All the others are either flat or have lost!

And I'm happy to report that CMC accounts for 35% of my portfolio. It is a looooooong term investment that I have had since 1994!


wow. Where was i in 1994 . Oh yes chasing gals, lol
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2012
#33 Posted : Friday, September 09, 2011 2:00:02 PM
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Joined: 12/9/2009
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Location: Nairobi
QW25081985 wrote:
wow. Where was i in 1994 . Oh yes chasing gals, lol


You must have been a very randy 9yr old. smile

BBI will solve it :)
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FUNKY
#34 Posted : Friday, September 09, 2011 2:01:35 PM
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Joined: 4/30/2010
Posts: 1,635
@ mnjoro - The boardroom changes have already occured in May 2011 and it was needed to bring the company back to profitability.
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Aguytrying
#35 Posted : Friday, September 09, 2011 2:13:51 PM
Rank: Elder


Joined: 7/11/2010
Posts: 5,040
2012 wrote:
QW25081985 wrote:
wow. Where was i in 1994 . Oh yes chasing gals, lol


You must have been a very randy 9yr old. smile

NICE ONE smile smile smile smile
The investor's chief problem - and even his worst enemy - is likely to be himself
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youcan'tstopusnow
#36 Posted : Sunday, September 11, 2011 11:54:43 PM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
CMC chairman ousted in fresh war for control of motor dealer

http://www.businessdaily...6/-/c68nopz/-/index.html
GOD BLESS YOUR LIFE
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youcan'tstopusnow
#37 Posted : Monday, September 12, 2011 12:11:22 AM
Rank: Chief


Joined: 3/24/2010
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Location: Black Africa
Disputed loan (KCBSad ) pushes Marshalls to profitability

http://www.businessdaily...0/-/14o3wc4/-/index.html
GOD BLESS YOUR LIFE
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FUNKY
#38 Posted : Monday, September 12, 2011 7:57:39 AM
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Joined: 4/30/2010
Posts: 1,635
@ youcan'tstopusnow - I just went through the article and it is clearly written "Mr Muthoka's ouster is said to have arisen from his disagreement with fellow board members on key strategic proposals he felt risked exposing the company to more losses."
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the deal
#39 Posted : Monday, September 12, 2011 8:28:04 AM
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Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Firms with Governance issues are very bad...look how marshalls has gone down...the same might happen to CMC...this Mr Muthoka guy was the right man for job atleast he knows the business...the appreciation in the share was because of Andy forwaders accumulating shares in anticipation of this board room wars...the moment I realised that I sold my lil shares btwn whats CMC without GoK and Andy Forwaders?
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Mainat
#40 Posted : Monday, September 12, 2011 8:34:54 AM
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Joined: 11/21/2006
Posts: 1,590
Mukiha-what gives at CMC? I read the BDA article and thought of Pattni/Somaia bs at Marshalls.
Sehemu ndio nyumba
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