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Breaking news: Segman retires from KK!
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guru267
#41 Posted : Thursday, July 04, 2013 12:16:13 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
the deal wrote:
Segmen groomed Ohana to takeover...once he was ready...he retired...hallmark of a great CEO unlike others e.g Equity Bank.


HAHAHA... Guys are now looking for all sorts of consollations Shame on you

A good CEO does not resign today and leave tomorrow... Lets admit huyu jamaa alitfutwa Kazi but is trying to save face!
Mark 12:29
Deuteronomy 4:16
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mwekez@ji
#42 Posted : Thursday, July 04, 2013 12:23:23 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
selah wrote:
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.


Ditto. ... Naikuni should read this cc/KQ.Shareholders
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Meduza
#43 Posted : Thursday, July 04, 2013 1:56:11 PM
Rank: Member

Joined: 2/7/2013
Posts: 447
Location: Nairobi
Tip of the iceberg. what happened to the story with the Refinery?
You cant win, unless you first begin....
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VituVingiSana
#44 Posted : Thursday, July 04, 2013 4:03:22 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
selah wrote:
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.
Naikuni is a Kenyan. They never resign.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Kausha
#45 Posted : Thursday, July 04, 2013 4:40:58 PM
Rank: Member

Joined: 2/8/2007
Posts: 808
Look JS retirement was planned and very well executed. In any case David has been running the place for sometime. Assuming he had been fired, would he be retained at the board as an advisor. I think people want retirements kenyan style like that of Eddie at Kengen where you retire and then they go look for a replacement ama the KCB and UAP ones where you bring in a Deputy Group Chief to mark time for the CEO to leave after 2 years. This to me is the best succession on the NSE well executed and devoid of gaps. To prove that JS had already mended the company wait for the results late July or early Aug...
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mwekez@ji
#46 Posted : Thursday, July 04, 2013 5:26:07 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
I remember release of HY 2011 results which were very rosy was quickly done in July 2011 but release of HY 2012 results which were a nightmare was delayed to September 2012 ... So, if HY 2013 results are being released in July 2013, i would take this as a good sign for what will be released.

... So, @Kausha, what is your source that results HY 2013 will be released in this month of July 2013. Better, you may also give us the precise date
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guru267
#47 Posted : Thursday, July 04, 2013 5:41:49 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Kausha wrote:
Look JS retirement was planned and very well executed...


@Kausha ask all the shareholders who attended the AGM if they think this was well executed!

The guy was chewing sour grapes after losing the chairmans position and by default absolute control..
Mark 12:29
Deuteronomy 4:16
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mwekez@ji
#48 Posted : Thursday, July 04, 2013 5:56:28 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
Counter is very resilient it refused to tank today. If anything, day VWAP is up and last trade was at KES 9.30 (17,900 shares)
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mwekez@ji
#49 Posted : Thursday, July 04, 2013 6:21:03 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
Farewell note from Segman http://www.kenolkobil.com/images/jisletter.pdf .... good bye segman. retire from advisory role pia soonest. let us get the best of ohana smile
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maka
#50 Posted : Thursday, July 04, 2013 7:37:23 PM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
mwekez@ji wrote:
Counter is very resilient it refused to tank today. If anything, day VWAP is up and last trade was at KES 9.30 (17,900 shares)

It will tank eventually...
possunt quia posse videntur
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