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Breaking news: Segman retires from KK!
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guru267
#31 Posted : Thursday, July 04, 2013 10:24:35 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
mwekez@ji wrote:
murchr wrote:
mwekez@ji wrote:
Shareholders are mourning too much. 30 mins with market open and there is not a single trade at this counter. ama it has been suspended from trading


Mixed feelings...this could be good news


True that ... for me this is good news. with the fatal hedging mistakes segman made, it was important he leaves before killing KeKe. My Perspective.


Behind the scenes he might have also been responsible for killing the Puma deal..
Mark 12:29
Deuteronomy 4:16
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mwekez@ji
#32 Posted : Thursday, July 04, 2013 10:25:37 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
Quote:

The new CEO was the General Manager for Kenya and has vast experience in the Kenyan market since 2002 when he joined the company.

..

We think the change could be a pointer to a reorganization to pave way for a strategic investor which the company has previously alluded to. The net loss of KES 6.2bn posted for FY12 continues to weigh down negatively on the company particularly on finance costs as the company is EBITDA positive. A cash injection and a proposed asset sale would put the company back on track in its Africa growth.

(SIB)
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mwekez@ji
#33 Posted : Thursday, July 04, 2013 10:29:30 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
VituVingiSana wrote:
*In Mourning*


Pole. ... Sasa tupatie maoni yako chief
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mwekez@ji
#34 Posted : Thursday, July 04, 2013 10:44:17 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
Action is now ON

BIDS 328,600
Quantity Price Splits Time
44,300 8.80 4 10:40:14
1,400 8.75 3 10:40:14
67,200 8.70 5 10:40:14
144,300 8.60 10 10:40:14
61,000 8.50 7 10:40:14
ASKS 56,200
Quantity Price Splits Time
14,700 8.85 1 10:40:14
300 9.10 1 10:40:14
17,900 9.30 1 10:40:14
23,300 9.50 2 10:40:14
- - - -
TRADES
Quantity Price Time
300,000 8.85 10:40:12
200 8.85 10:40:12
200 8.85 10:40:12
1,300 8.90 10:40:12
1,200 8.90 10:40:12
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mwekez@ji
#35 Posted : Thursday, July 04, 2013 11:03:45 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
Going by the size of exits we are witnessing at this counter lately, ALL these current bids can be taken in a flash. and the "exiters" know that!!
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QD
#36 Posted : Thursday, July 04, 2013 11:03:50 AM
Rank: Member

Joined: 8/5/2009
Posts: 597
Thank God i jumped ship when the Puma deal was hot yet we didn't have any information of whether it was sweet or bitter.
The problem with the world is that the intelligent people are full of doubts while the stupid ones are full of confidence
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Impunity
#37 Posted : Thursday, July 04, 2013 11:11:42 AM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
VituVingiSana wrote:
*In Mourning*


VituChacheSana.
Sad
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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the deal
#38 Posted : Thursday, July 04, 2013 11:43:05 AM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Segmen groomed Ohana to takeover...once he was ready...he retired...hallmark of a great CEO unlike others e.g Equity Bank.
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mwekez@ji
#39 Posted : Thursday, July 04, 2013 12:00:47 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
the deal wrote:
Segmen groomed Ohana to takeover...once he was ready...he retired...hallmark of a great CEO ...


huh, so a great CEO should tender his resignation to the shareholders and leave the same day?
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selah
#40 Posted : Thursday, July 04, 2013 12:15:56 PM
Rank: Elder

Joined: 10/13/2009
Posts: 1,950
Location: in kenya
I Think Ohana is ready to clean the mess segman has left....I am actually pleased with this retirement/sacking heads had to roll...making such a huge loss and taking a huge chunk of shareholders fund down the drain is not something a good company takes lightly.

I am actually wondering what Naikuni is still doing at KQ.
'......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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