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Olympia capital where to?
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Layk
#1 Posted : Thursday, April 05, 2012 11:42:53 AM
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Joined: 4/5/2012
Posts: 1
Tremendous decline, wat happening there?
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VituVingiSana
#2 Posted : Thursday, April 05, 2012 12:42:55 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,121
Location: Nairobi
Layk wrote:
Tremendous decline, wat happening there?
It's Olympia. Don't ask why. Just shake your head.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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sparkly
#3 Posted : Thursday, April 05, 2012 12:46:19 PM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
My friend just sell ... And run
Life is short. Live passionately.
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QW25091985
#4 Posted : Thursday, April 05, 2012 2:00:17 PM
Rank: User


Joined: 1/24/2012
Posts: 1,675
Location: In Da Hood
am in this bus but with little shares . such light weight stocks are the ones that rally hard when the bull market is in full swing .
this one am keeping
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FUNKY
#5 Posted : Thursday, April 05, 2012 2:38:14 PM
Rank: Veteran


Joined: 4/30/2010
Posts: 1,635
With Olympia it is funny..in the bear market it was trading at 4/- and above levels...when market starts going up this stock is falling.
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sparkly
#6 Posted : Friday, April 06, 2012 11:51:36 AM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
QW25091985 wrote:
am in this bus but with little shares . such light weight stocks are the ones that rally hard when the bull market is in full swing .
this one am keeping

@q this is the stock that has continously lost money for people from highs of 24 just 5 years ago. No splits, no dividends, no bonuses. Same class as paka.
Life is short. Live passionately.
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gathinga
#7 Posted : Wednesday, May 02, 2012 4:37:19 PM
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Joined: 11/30/2006
Posts: 635
Is Ndungu of CMC in this thing. If he is, then its a matter of time before clean up. In Ndungu we trust
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gathinga
#8 Posted : Wednesday, May 02, 2012 4:43:14 PM
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Joined: 11/30/2006
Posts: 635
Is Ndungu of CMC in this thing. If he is, then its a matter of time before clean up. In Ndungu we trust
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gesowan
#9 Posted : Thursday, May 03, 2012 5:35:20 PM
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Joined: 11/6/2010
Posts: 289
i agreee
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youcan'tstopusnow
#10 Posted : Saturday, May 12, 2012 9:17:20 PM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Swali tu:

Is it necessary for a company as small as Olympia to bank with as many as 7 local banks?

Even in Botswana they have 3.

Sina ubaya. Ni kuuliza tu...



GOD BLESS YOUR LIFE
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QW25091985
#11 Posted : Saturday, May 12, 2012 10:07:13 PM
Rank: User


Joined: 1/24/2012
Posts: 1,675
Location: In Da Hood
youcan'tstopusnow wrote:
Swali tu:

Is it necessary for a company as small as Olympia to bank with as many as 7 local banks?

Even in Botswana they have 3.

Sina ubaya. Ni kuuliza tu...






do u have only one bank account. You shoudnt . I have 5 but to i say. Eheh.
Or what are you trying to imply ? Corruption ? Lol . Nope they are very clean.
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youcan'tstopusnow
#12 Posted : Saturday, May 12, 2012 11:05:59 PM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
QW25091985 wrote:
youcan'tstopusnow wrote:
Swali tu:

Is it necessary for a company as small as Olympia to bank with as many as 7 local banks?

Even in Botswana they have 3.

Sina ubaya. Ni kuuliza tu...






do u have only one bank account. You shoudnt . I have 5 but to i say. Eheh.
Or what are you trying to imply ? Corruption ? Lol . Nope they are very clean.


I wasn't even thinking along those lines. I just find 7 bankers too many. That is all...
GOD BLESS YOUR LIFE
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sparkly
#13 Posted : Sunday, May 13, 2012 1:44:20 PM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
youcan'tstopusnow wrote:
QW25091985 wrote:
youcan'tstopusnow wrote:
Swali tu:

Is it necessary for a company as small as Olympia to bank with as many as 7 local banks?

Even in Botswana they have 3.

Sina ubaya. Ni kuuliza tu...






do u have only one bank account. You shoudnt . I have 5 but to i say. Eheh.
Or what are you trying to imply ? Corruption ? Lol . Nope they are very clean.


I wasn't even thinking along those lines. I just find 7 bankers too many. That is all...



Maybe the directors are laundering money from their side activities. Those investments in SA and Botswana could be fronts as they never make money anyway... Just speculating
Life is short. Live passionately.
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VituVingiSana
#14 Posted : Sunday, May 13, 2012 6:02:40 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,121
Location: Nairobi
In the words a sitting president:

Bloody Bure
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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chiaroscuro
#15 Posted : Monday, May 14, 2012 1:49:25 PM
Rank: Veteran


Joined: 2/2/2012
Posts: 1,134
Location: Nairobi
gathinga wrote:
Is Ndungu of CMC in this thing. If he is, then its a matter of time before clean up. In Ndungu we trust


According to this RINK, Paul W Ndung'u had 150k shares held by his Mobicom Ltd as at 28th Feb 2011 [last year]. These are worth only half a million shillings at today's prices!

Looking at the same document, you will find that even though he was listed as a director he never attended any board meeting in the 2010/11 FY.

The OCHL website also lists him as a director HERE

CONCLUSION:

Don't rely too much on his presence in this poorly performing company. He has too little to lose to be bothered with it's performance.
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chiaroscuro
#16 Posted : Monday, May 14, 2012 1:55:01 PM
Rank: Veteran


Joined: 2/2/2012
Posts: 1,134
Location: Nairobi
chiaroscuro wrote:
gathinga wrote:
Is Ndungu of CMC in this thing. If he is, then its a matter of time before clean up. In Ndungu we trust


According to this RINK, Paul W Ndung'u had 150k shares held by his Mobicom Ltd as at 28th Feb 2011 [last year]. These are worth only half a million shillings at today's prices!

Looking at the same document, you will find that even though he was listed as a director he never attended any board meeting in the 2010/11 FY.

The OCHL website also lists him as a director HERE

CONCLUSION:

Don't rely too much on his presence in this poorly performing company. He has too little to lose to be bothered with it's performance.


ADDENDUM:
to add to the confusion; the website lists him as the second largest shareholder with 4,870,000 shares held directly as at 28th Feb 2012! RINK Leaves you wondering what the correct position is.

But goes to show how useless this company is!
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VituVingiSana
#17 Posted : Monday, May 14, 2012 2:06:11 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,121
Location: Nairobi
chiaroscuro wrote:
chiaroscuro wrote:
gathinga wrote:
Is Ndungu of CMC in this thing. If he is, then its a matter of time before clean up. In Ndungu we trust


According to this RINK, Paul W Ndung'u had 150k shares held by his Mobicom Ltd as at 28th Feb 2011 [last year]. These are worth only half a million shillings at today's prices!

Looking at the same document, you will find that even though he was listed as a director he never attended any board meeting in the 2010/11 FY.

The OCHL website also lists him as a director HERE

CONCLUSION:

Don't rely too much on his presence in this poorly performing company. He has too little to lose to be bothered with it's performance.


ADDENDUM:
to add to the confusion; the website lists him as the second largest shareholder with 4,870,000 shares held directly as at 28th Feb 2012! RINK Leaves you wondering what the correct position is.

But goes to show how useless this company is!
Also add shares that are held by Joel Kibe. Ndungu gave up on the lousy firm run by a lousy CEO & useless chairman.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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chiaroscuro
#18 Posted : Monday, May 14, 2012 2:36:54 PM
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Joined: 2/2/2012
Posts: 1,134
Location: Nairobi
Suppose you have 35k to invest; would you buy 10k shares of SCOM or 10k shares of OCHL?
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VituVingiSana
#19 Posted : Monday, May 14, 2012 2:52:58 PM
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Joined: 1/3/2007
Posts: 18,121
Location: Nairobi
chiaroscuro wrote:
Suppose you have 35k to invest; would you buy 10k shares of SCOM or 10k shares of OCHL?


Add 15K & invest in a T-Bond
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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liomungai
#20 Posted : Tuesday, May 15, 2012 2:27:14 PM
Rank: New-farer


Joined: 2/17/2010
Posts: 47
Location: Nairobi
one year down the line.... we will be here to confirm who bet right - OCH if you are plain lucky to get a hold of 10k shares because there is no supply... but the upswing is greater - they have something coming regarding boutique hotel and serviced apartments chech out heri heights. Corporate governance is what lacks, wakipigwa kiboko watainuka
People who look for easy money invariably pay for the privilege of proving conclusively that it cannot be found on this sordid earth
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