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Sameer Africa - Scraping the bottom of the barrel!!!
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mwanahisa
#21 Posted : Tuesday, November 16, 2010 1:13:49 PM
Rank: Elder


Joined: 6/2/2008
Posts: 1,438
Well, some folks made money and of course they received the 50 cts dividend. But a bad share remains a bad share. The chickens are coming home to roost!
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the deal
#22 Posted : Tuesday, November 16, 2010 1:20:01 PM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Well following the advise of one of our great elders here i have NO merali firm on my portifolio...although theyre not always right their our elders...LOL...
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VituVingiSana
#23 Posted : Tuesday, November 16, 2010 1:33:26 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,223
Location: Nairobi
@nyari - Please don't compare Kapchorua [real land, profits & tea] vs FIRE [smoke & mirrors]... Apple vs Oranges

merali bought the shares at 5/- from ICDC [not ICDCIC] then sold them to the public for 34.50 or so! I sat it out...

BTW, 'Sameer Tyres' gave up the land on Mombasa Rd for only 25% of the project... I betcha the 'other' 75% is also merali...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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youcan'tstopusnow
#24 Posted : Wednesday, January 19, 2011 10:09:43 PM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Govt retreats over land acquisition plan www.nation.co.ke/News/Go...056/1092156/-/akncbez/-/
GOD BLESS YOUR LIFE
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mwanahisa
#25 Posted : Wednesday, March 23, 2011 12:24:21 PM
Rank: Elder


Joined: 6/2/2008
Posts: 1,438
Sameer Africa Dividends - Once again a case of now you see them now you don't. Shareholders better hope for the GoK to demolish the plant and pay them off!
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mwanahisa
#26 Posted : Wednesday, March 23, 2011 1:38:10 PM
Rank: Elder


Joined: 6/2/2008
Posts: 1,438
This is a classic example of a share that any growth or value oriented investor should avoid like the plague.

Over the 7 year period from 2004 to 2010, the company has grown its turnover by a MERE 2.28% while profits after tax have dropped by 79%. Of course, you can imagine what has happened to the share price!
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VituVingiSana
#27 Posted : Wednesday, March 23, 2011 2:11:52 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,223
Location: Nairobi
What??? Is it still listed? ;-)
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Cde Monomotapa
#28 Posted : Wednesday, March 23, 2011 3:31:39 PM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
mwanahisa wrote:
Sameer Africa Dividends - Once again a case of now you see them now you don't. Shareholders better hope for the GoK to demolish the plant and pay them off!

OMG!! LOLest!!
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Renegade
#29 Posted : Thursday, March 24, 2011 9:41:15 AM
Rank: Member


Joined: 4/18/2009
Posts: 118
This barrel will soon have no bottom. Demolition will be the last straw. You can be sure the chief will find a way of ensuring that the assets that will be destroyed (and compensated) were all his, not owned together with the minority shareholders.

Cde Monomotapa wrote:
mwanahisa wrote:
Sameer Africa Dividends - Once again a case of now you see them now you don't. Shareholders better hope for the GoK to demolish the plant and pay them off!

OMG!! LOLest!!
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ProverB
#30 Posted : Thursday, March 24, 2011 10:21:13 AM
Rank: Veteran


Joined: 3/12/2010
Posts: 1,199
Location: Eastlander
Renegade wrote:
This barrel will soon have no bottom. Demolition will be the last straw. You can be sure the chief will find a way of ensuring that the assets that will be destroyed (and compensated) were all his, not owned together with the minority shareholders.

Cde Monomotapa wrote:
mwanahisa wrote:
Sameer Africa Dividends - Once again a case of now you see them now you don't. Shareholders better hope for the GoK to demolish the plant and pay them off!

OMG!! LOLest!!


Laughing out loudly Laughing out loudly Laughing out loudly
..the bottom gave way years ago.. scrapping through the ground under the barrel gasping for air..
..Let your light so shine before men, that they may see your good works, and glorify your Father which is in heaven...Matt5:16
- 1769 Oxford King James Bible 'Authorized Version
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Magnetic Touch
#31 Posted : Thursday, March 24, 2011 10:31:46 AM
Rank: Member


Joined: 12/31/2008
Posts: 90
Maybe, there was never any barrel in the first place. NM is good at make believe. It happened with Neveready, God rest its soul!
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VituVingiSana
#32 Posted : Thursday, March 24, 2011 11:08:54 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,223
Location: Nairobi
Renegade wrote:
This barrel will soon have no bottom. Demolition will be the last straw. You can be sure the chief will find a way of ensuring that the assets that will be destroyed (and compensated) were all his, not owned together with the minority shareholders.
I checked & I have been telling sameer africa shareholders... The building & land for the new biz park belongs 75% to merali & 25% to SameerAfrica.

Which means if the buildings are demolished & land taken then all SameerAfrica will get will be peanuts [after paying off the loans]...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Iborian
#33 Posted : Thursday, March 24, 2011 12:09:27 PM
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Joined: 4/17/2009
Posts: 194
Why flog a dead horse? Move on.
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Renegade
#34 Posted : Friday, July 22, 2011 3:15:53 PM
Rank: Member


Joined: 4/18/2009
Posts: 118
Guys continue to scrape this barrel. At one point this week, the counter had absoultely no supply. Folks never learn.
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Iborian
#35 Posted : Friday, July 22, 2011 3:37:38 PM
Rank: Member


Joined: 4/17/2009
Posts: 194
@Renegade. What's your beef? Bei bado iko kobole - the guys you are worrying about haven't lost nothing. Na factory baado iko.
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Gordon Gekko
#36 Posted : Wednesday, July 27, 2011 3:10:21 PM
Rank: Elder


Joined: 5/27/2008
Posts: 3,760
H1 2011. Ooooh energy costs ati ooooh power cuts ati oooooh weak regional currencies - nyef nyef

http://www.businessdaily...34/-/buw867/-/index.html
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Cde Monomotapa
#37 Posted : Wednesday, July 27, 2011 3:23:18 PM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
Highly anticipating the recession abroad smile
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FUNKY
#38 Posted : Wednesday, July 27, 2011 3:24:35 PM
Rank: Veteran


Joined: 4/30/2010
Posts: 1,635
Even Sameer reported a 12% up in profits for H1 2011. Seems neveready might also report a rise in earnings.
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Gordon Gekko
#39 Posted : Wednesday, July 27, 2011 4:29:02 PM
Rank: Elder


Joined: 5/27/2008
Posts: 3,760
FUNKY wrote:
Even Sameer reported a 12% up in profits for H1 2011. Seems neveready might also report a rise in earnings.


Neveready, best performer at close today - 5.26%Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly
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Cde Monomotapa
#40 Posted : Wednesday, July 27, 2011 9:13:52 PM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
Gordon Gekko wrote:
FUNKY wrote:
Even Sameer reported a 12% up in profits for H1 2011. Seems neveready might also report a rise in earnings.


Neveready, best performer at close today - 5.26%Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly

Was surprised @ Neveready..hadn't noticed that it was doing sub 2 bob untill today Laughing out loudly
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