mwekez@ji wrote:mwekez@ji wrote:mwekez@ji wrote:WTH, in year 2012, executives exercised their options at a weighted average price of KES 3.42. .... KES 3.42!!!
.... and Segman has options totalling 4% of the company, that will place him as top 6 shareholder!!!
Aint this a way of segman stealing the company from shareholders. ... Any investor will tell how expensive it is to buy significant shareholding in KK yet segman is getting there at a steal of cKES 3.42 for the shares!!!
They are options given to him in lieu of cash compensation. I prefer he buys rather than get options BUT it beats cash compensation as he can feel the pain if KK under-performs. With the options, he is probably looking for the highest possible buyout too!
Watch him in 2013 when he pushes for better results. And I suspect KK will be back as a bride in 2014.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett