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VituVingiSana
#1741 Posted : Tuesday, May 17, 2011 7:18:30 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,261
Location: Nairobi
Cde Monomotapa wrote:
KK & Engen got muscled out of Shell's assets in Zim by a local succesful biz mogul called Shingi Mutasa through his LSE, AIMS investment company called Masawara Plc. I respect this man a lot. U could check out his other pet if u may www.ta-holdings.com (ZSE)
Well, muscled out coz he has connections/corruption. The reason given was that KK/Engen were not 'local' whereas this guy used his connections to make the LSE-listed firm [majority non-Zimbabwean] a 'local' firm!

KK has not given up in Zimbabwe but has said they will go for smaller acquisitions & greenfield sites.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Cde Monomotapa
#1742 Posted : Tuesday, May 17, 2011 7:35:11 PM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
He he. Shingi owns 51% of Masawara and according to Zim's Indeginization laws all firms worth over USD1M must be 51% owned by a local so KK & Engen were promptly out on technicalities. Masawara's LSE, AIMs listing was purely to fundraise for Private Equity. Masawara, apart from it's 40% stake in TA, is generally interested in investing in resources/mining in ZIM. LSE is the best market to raise capital for mineral resource ventures. smile
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Cde Monomotapa
#1743 Posted : Tuesday, May 17, 2011 7:38:06 PM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
Oh yes..the other trinity I believe in is the one of Law, Business & Politics..competence is the variable.
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Iborian
#1744 Posted : Tuesday, May 17, 2011 8:50:48 PM
Rank: Member


Joined: 4/17/2009
Posts: 194
Cde Monomotapa wrote:
KK & Engen SA got muscled out of Shell's assets in Zim by a local successful biz mogul called Shingi Mutasa through his LSE, AIMS listed investment company called Masawara Plc. I respect this man a lot. U could check out his other pet if u may www.ta-holdings.com (ZSE)


Hope this Shingi is no rela of Strive Masiyiwa, the dude from Econet who took Kenyans for a ride for an eternity. Well, inakaa alikuwa ana"strive".

The Yu guys must be cursing having ever met the guy.
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QW25071985
#1745 Posted : Tuesday, May 17, 2011 9:01:43 PM
Rank: Veteran


Joined: 3/25/2011
Posts: 946
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the deal
#1746 Posted : Tuesday, May 17, 2011 9:10:28 PM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
@Cde VVS is an encyclopedia of African biz...LOL...
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Cde Monomotapa
#1747 Posted : Tuesday, May 17, 2011 10:29:30 PM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
@Iborian. Thanks for bringing SM up. Econet Zim turned over USD500M FY2010. No.1 company on Zse mkt Cap. Fatest div.s ever!! Currently trading @ USD 5/share.
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Cde Monomotapa
#1748 Posted : Tuesday, May 17, 2011 10:31:21 PM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
Cde Monomotapa wrote:
@Iborian. Thanks for bringing SM up. Econet Zim turned over USD500M FY2010. No.1 company on Zse mkt Cap. Fatest div.s ever!! Currently trading @ USD 5/share

No relation to Shingi. smile as in foota so it is in bizna-home ground advantage! Lol!
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Gordon Gekko
#1749 Posted : Thursday, May 19, 2011 7:34:02 AM
Rank: Elder


Joined: 5/27/2008
Posts: 3,760
Slowly, but the wheels of justice are turning....

http://www.standardmedia...C%20over%20Sh4.9b%20debt
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Cde Monomotapa
#1750 Posted : Thursday, May 19, 2011 7:38:09 AM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
Anyone got their div? (thanks GG)
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VituVingiSana
#1751 Posted : Thursday, May 19, 2011 7:49:04 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,261
Location: Nairobi
I told folks the dividend starts getting in on the 18th... I hope mine is in the bank!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Impunity
#1752 Posted : Thursday, May 19, 2011 8:19:43 AM
Rank: Elder


Joined: 3/2/2009
Posts: 26,330
Location: Masada
Anyone got the dividend?Mine was suppose to be coming through EFT.
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Cde Monomotapa
#1753 Posted : Thursday, May 19, 2011 11:17:46 AM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
For a company with adequate issued shares in the market it surely trades in-actively. Only H1's can save it.
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selah
#1754 Posted : Thursday, May 19, 2011 1:46:23 PM
Rank: Elder


Joined: 10/13/2009
Posts: 1,950
Location: in kenya
Citizen tv liquid gold did not actually tackle the real issues I dont think its final episode today will do...Its too shallow and I wonder why it had to take 4 days for the feature to Air.

Did She expect NOCK MD to accept any Responsibility for all the mess In the Kenyan oil industry.

I found the feature not well researched she should have gone deeper Interviewing players in the industry would not reveal much.Most of the speculators can be revealed by good sources at KPC and KPRL .She need to get good reliable sources for such stories.
'......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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2012
#1755 Posted : Thursday, May 19, 2011 2:10:52 PM
Rank: Elder


Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
selah wrote:
Citizen tv liquid gold did not actually tackle the real issues I dont think its final episode today will do...I


They never do. Remember the Wagalla massacre story? Useless reporting and cant even be called investigative journalism. As much as I don't like KTN they are way above the rest in this. Have you watched Inside Job TRAILER LINK. Simply great!

BBI will solve it :)
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milken
#1756 Posted : Friday, May 20, 2011 3:59:06 PM
Rank: Member


Joined: 4/25/2008
Posts: 192
Location: Nairobi
I have been away for sometime but just came back in time for a political meeting convened by MOE today at KICC. If the problem in oil is the supply bottlenecks why invite KMA, MOA etc or it was meant to preempt the parliamentary committee?
Itari muting'oe ihuragwo ngi ni Ngai
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jawz1
#1757 Posted : Tuesday, May 24, 2011 6:02:32 PM
Rank: Member


Joined: 8/4/2008
Posts: 205
Location: Nairobi
K-Card seems to be very in demand, got mine this Sunday at KK station in Hurlingham where they were signing up so many customers. They had to come out to sign people because their offices were being overwhelmed by motorists who wanted to partake in the 5shs Super Sunday offer. Nice touch having a pre-paid card, that's money in the bank for KK whether I fuel or not...
"When the pupil is ready to learn, a teacher will appear." -- Zen proverb
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mwanahisa
#1758 Posted : Tuesday, May 24, 2011 7:06:48 PM
Rank: Elder


Joined: 6/2/2008
Posts: 1,438
Impunity wrote:
Anyone got the dividend?Mine was suppose to be coming through EFT.


I got my cheque today. Apparently, Livingstone Registrars (unlike CRS) do not use the "global bank mandate" indicated at CDSC, since I get EFTs for other companies where CRS are the Registrars. I understand the cheques were posted on Friday, last week.
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VituVingiSana
#1759 Posted : Tuesday, May 24, 2011 7:26:02 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,261
Location: Nairobi
Did you see the lines out the door at KK locations on Sunday???
I admit 'losing' 5/- per litre hurts but I think the goodwill, etc from all those KK cards will benefit volume sales for KK...

I am not sure how it works but KK might eliminate the 'additional' discount & only have the 2/- discount with KK cards but 'lock-in' a huge number of customers!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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trizher
#1760 Posted : Tuesday, May 24, 2011 9:37:54 PM
Rank: New-farer


Joined: 5/23/2010
Posts: 95
Location: Tikrit - IRAQ
mwanahisa wrote:
Impunity wrote:
Anyone got the dividend?Mine was suppose to be coming through EFT.


I got my cheque today. Apparently, Livingstone Registrars (unlike CRS) do not use the "global bank mandate" indicated at CDSC, since I get EFTs for other companies where CRS are the Registrars. I understand the cheques were posted on Friday, last week.



Does that mean EFT guys wanapata cheque pia?
...We do it for the $$$$!!
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