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OLYMPIA CAPITAL MATERIAL ANNOUNCEMENT
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FUNKY
#1 Posted : Thursday, July 21, 2011 9:48:54 AM
Rank: Veteran


Joined: 4/30/2010
Posts: 1,635
Guys wats the announcement?..Any one with information.
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Mainat
#2 Posted : Thursday, July 21, 2011 9:59:03 AM
Rank: Veteran


Joined: 11/21/2006
Posts: 1,590
Its made a PROFIT!
Sehemu ndio nyumba
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FUNKY
#3 Posted : Thursday, July 21, 2011 10:00:19 AM
Rank: Veteran


Joined: 4/30/2010
Posts: 1,635
how much
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Mainat
#4 Posted : Thursday, July 21, 2011 10:03:21 AM
Rank: Veteran


Joined: 11/21/2006
Posts: 1,590
A grand total of Ksh35m
Sehemu ndio nyumba
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slykat
#5 Posted : Thursday, July 21, 2011 11:32:10 AM
Rank: Member


Joined: 2/20/2007
Posts: 359
Olympia would make more money by liquidating assets n 'investing' the cash in the lowest interest savings account
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Cde Monomotapa
#6 Posted : Thursday, July 21, 2011 11:43:53 AM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
slykat wrote:
Olympia would make more money by liquidating assets n 'investing' the cash in the lowest interest savings account

Laughing out loudly Laughing out loudly
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FUNKY
#7 Posted : Thursday, July 21, 2011 11:51:04 AM
Rank: Veteran


Joined: 4/30/2010
Posts: 1,635
I think its a good buy at the current prices...they have stated in their financial report that they are going to declare a interim dividend for this financial year. They are also going to start operating their tile manufacturing plant which they have already acquired from South Korea this year. They are also considering to sell their Cape Town business for KES 91Million which will ensure a full refund of all amounts lent and a decent return even. I think its a BUY at the current price for speculative purposes.
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Iborian
#8 Posted : Thursday, July 21, 2011 12:00:55 PM
Rank: Member


Joined: 4/17/2009
Posts: 194
SPECULATION "IN CAPS". These OCH guys used to sing the same song when the price was in the high 20's to low 30's. They have never stopped. I treat their commentary the way I would a lousy novel as their promises never materialize, and if they do, you wish they never did.

FUNKY wrote:
I think its a good buy at the current prices...they have stated in their financial report that they are going to declare a interim dividend for this financial year. They are also going to start operating their tile manufacturing plant which they have already acquired from South Korea this year. They are also considering to sell their Cape Town business for KES 91Million which will ensure a full refund of all amounts lent and a decent return even. I think its a BUY at the current price for speculative purposes.
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VituVingiSana
#9 Posted : Thursday, July 21, 2011 12:10:02 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,223
Location: Nairobi
The chap who runs Olympia is a rapper known as B.U.R.E.K.A.B.I.S.A
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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mwanahisa
#10 Posted : Thursday, July 21, 2011 12:28:59 PM
Rank: Elder


Joined: 6/2/2008
Posts: 1,438
I have said it before and I will say it again. Olympia is CRAP!

You cannot trust the management on anything. They are even lying on their financial statements. How does a profit of Kshs 13.254 million divided by 40,000,000 shares deliver an EPS of Kshs 3.31?????

Talk about trying to pull the wool over our eyes. We are not fooled!
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mlennyma
#11 Posted : Thursday, July 21, 2011 12:33:36 PM
Rank: Elder


Joined: 7/21/2010
Posts: 6,191
Location: nairobi
I equate their income to that of a simple chemist in town.
"Don't let the fear of losing be greater than the excitement of winning."
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Cde Monomotapa
#12 Posted : Thursday, July 21, 2011 12:49:53 PM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
mwanahisa wrote:
I have said it before and I will say it again. Olympia is CRAP!

You cannot trust the management on anything. They are even lying on their financial statements. How does a profit of Kshs 13.254 million divided by 40,000,000 shares deliver an EPS of Kshs 3.31?????

Talk about trying to pull the wool over our eyes. We are not fooled!

huh?!? Laughing out loudly
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FUNKY
#13 Posted : Thursday, July 21, 2011 12:58:55 PM
Rank: Veteran


Joined: 4/30/2010
Posts: 1,635
Does any one have a link to the results?
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youcan'tstopusnow
#14 Posted : Thursday, July 21, 2011 6:55:59 PM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
DAMN! A PROFIT!? Who are we (VVS and I) supposed to make fun of now? Marshalls? Hutchings Biemer? Drat!
GOD BLESS YOUR LIFE
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youcan'tstopusnow
#15 Posted : Thursday, July 21, 2011 6:57:37 PM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
VituVingiSana wrote:
The chap who runs Olympia is a rapper known as B.U.R.E.K.A.B.I.S.A

Laughing out loudly
GOD BLESS YOUR LIFE
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Sober
#16 Posted : Thursday, July 21, 2011 7:26:39 PM
Rank: Elder


Joined: 11/27/2007
Posts: 3,604
With 40million listed shares. If it were a performing stock then we should be talking of the carbacid level.
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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Sober
#17 Posted : Thursday, July 21, 2011 7:37:12 PM
Rank: Elder


Joined: 11/27/2007
Posts: 3,604
This counter traded a pornographic number of shares today! 143,300 at an average price of 4.35/-
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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Cde Monomotapa
#18 Posted : Thursday, July 21, 2011 7:43:34 PM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
Sober wrote:
This counter traded a pornographic number of shares today! 143,300 at an average price of 4.35/-

#Kikikiki#
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the deal
#19 Posted : Thursday, July 21, 2011 8:11:39 PM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
VituVingiSana wrote:
The chap who runs Olympia is a rapper known as B.U.R.E.K.A.B.I.S.A

Laughing out loudly Laughing out loudly
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erifloss
#20 Posted : Thursday, July 21, 2011 8:20:14 PM
Rank: Member


Joined: 6/21/2010
Posts: 514
Location: Nairobi
'And the award of the most useless CEO goes to......' Instead of gold he turns every investment to fools gold or rather dust.
'They say money cannot buy me happiness but when i compare when i had none and now, i'm happier' Kevin O'leary
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