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what is going on with Olympia Capital?
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youcan'tstopusnow
#61 Posted : Thursday, January 06, 2011 3:29:49 AM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
gesowan wrote:
i am interested in this counter,but can someone tell me what is their business,i see they are in financials,

These guys allegedly invest in opportunities found in Southern Africa. Tile making, etc. Their business from that side just turns losses year in year out, with excuses always. I was once told, I think by guru 267 (who else?smile), that it is better to flush my money down the toilet than to 'invest' in Olympia. Sikuskiza, after all, the company was going to ''reap from the World Cup in S.A'' But my 'investment' didn't last long. Like zedjohn is suggesting, I ran and never looked back, lest I turned into stone. There are better managed companies around
GOD BLESS YOUR LIFE
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  | | Edit by user: Thursday, January 06, 2011 3:35 AM | Reason: Not specified
Surealligator
#62 Posted : Thursday, January 06, 2011 11:05:27 AM
Rank: User

Joined: 6/27/2008
Posts: 709
Location: Velayat-e Faryab
gesowan wrote:
i am interested in this counter,but can someone tell me what is their business,i see they are in financials,


Olympia is a share made in hell. It should actually be delisted and the BOD Henry Kosgeyed. No insane investor would touch this share unless for a careless speculation purpose only to keep his adrenaline doing a Wakiihuri stunt.

If you are fresh in the stock market, buy Serena. Never, ever touch Olympia even if they offer to give tiles instead of dividends. The MD of this company did not finish elementary investment school. He stole books and was expelled.
Go overdrive in purchasing the goods when there's blood on the streets, expecially if the blood is your own
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gesowan
#63 Posted : Thursday, January 06, 2011 7:30:26 PM
Rank: Member

Joined: 11/6/2010
Posts: 289
i guess i have changed my mind
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slykat
#64 Posted : Thursday, January 06, 2011 7:37:34 PM
Rank: Member

Joined: 2/20/2007
Posts: 359
Surealligator wrote:
gesowan wrote:
i am interested in this counter,but can someone tell me what is their business,i see they are in financials,


The MD of this company did not finish elementary investment school. He stole books and was expelled.



Am rolling on the floor laughing ...

Did they hold their DEC AGM and what came of it?
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mgeman
#65 Posted : Friday, January 07, 2011 12:18:35 PM
Rank: Member

Joined: 11/5/2010
Posts: 131
Location: kenya
I wont claim to know this share nor the company, haven't even read through this thread! But was idling at mystocks.com and guess what, the net asset value per share is ksh. 18 and from my amateur stock analysis, at the current 6 bob price one is getting a free 12 bob if the company was liquidated. Anybody done a Benjamin Graham analysis on this stock?
I am an African

-Thambo Mbeki Speech
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Billionaire
#66 Posted : Friday, January 07, 2011 12:42:48 PM
Rank: New-farer

Joined: 9/2/2010
Posts: 26
Location: Nrb
this counter is good for speculation and the real risk takers. did i say real? yes. the price fluctuation keep one checking the bourse every hour just in case you are being burnt or becoming a millionaire instantly. the other undoing for this counter is the shares traded, with only 40million listed shares there is very little available considering the meager price. am market capitalisation of less than a quarter a billion.
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gesowan
#67 Posted : Friday, January 07, 2011 6:42:33 PM
Rank: Member

Joined: 11/6/2010
Posts: 289
@mgeman
now what to do i was running away very fast but you stopped me in my tracks,ok i will buy as advised by the billionaire
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mgeman
#68 Posted : Friday, January 07, 2011 8:27:29 PM
Rank: Member

Joined: 11/5/2010
Posts: 131
Location: kenya
No Bw. Geso, dont quote me! I don't even own the share but after reading Graham and by happenstance seeing the figures i was interested. Am hoping Graham disciples and other value investors can join in and maybe back me or maybe correct me!.
I am an African

-Thambo Mbeki Speech
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jerry
#69 Posted : Saturday, January 08, 2011 7:44:47 AM
Rank: Elder

Joined: 9/29/2006
Posts: 2,570
Has the question of AGM been answered? Did they hold it in december?
The opposite of courage is not cowardice, it's conformity.
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guru267
#70 Posted : Saturday, January 08, 2011 10:47:37 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
mgeman wrote:
I wont claim to know this share nor the company, haven't even read through this thread! But was idling at mystocks.com and guess what, the net asset value per share is ksh. 18 and from my amateur stock analysis, at the current 6 bob price one is getting a free 12 bob if the company was liquidated. Anybody done a Benjamin Graham analysis on this stock?

I've heard numerous times on Wazua of investors investing because the stock is way below net asset value per share and has a low P/E...

This kind of analysis leaves the whole economic aspect of the analysis out and most times leaves them with what is called a value trap..

In otherwords not every stock trading below book value and with a low P/E is worth buying and benjamin graham points this out clearly
Mark 12:29
Deuteronomy 4:16
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