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what is going on with Olympia Capital?
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mgeman
#71 Posted : Saturday, January 08, 2011 11:41:56 AM
Rank: Member

Joined: 11/5/2010
Posts: 131
Location: kenya
I've only read the Intelligent Investor and i dont remember Graham expressly dispute this price to book value mismatch. He actually send his disciples to look at shares whose prices have gone down to see if they have his 'margin of safey'! Graham actually says, if i got him well, that a share whose price has gone below its book value will come back to it's right price. My principle however, after reading William O'Neil's "how to make money in stocks" is addition to identifying a price mismatch is to go a step further and wait for a clear price turn around. Over to you Wazuans.
I am an African

-Thambo Mbeki Speech
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youcan'tstopusnow
#72 Posted : Saturday, January 08, 2011 12:02:51 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
guru, you reckon the current rally of the NSE will last as opposed to the pre-referendum rally?
GOD BLESS YOUR LIFE
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Gatheuzi
#73 Posted : Saturday, January 08, 2011 2:04:22 PM
Rank: Veteran

Joined: 8/16/2009
Posts: 994
@mgeman, if you want use NAV for the purposes of analysis, you need to know the quality of the assets that OCL has. If the assets are made up of low earning investments (compute the Return on Assets Ratio to disvover this) then the assets have probably not been revalued or written down (recall the case of Centum in RVR).

Further to this, even if the assets are valuable but mgt issues are not sorted, the mgt will mismanage them and probably succeed in bringing down their value (similar to flashing assets down the toilet like @ ucant was told by @guru).

This is what value trap is. Unga also has low NAV but this is for another day.
Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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mgeman
#74 Posted : Saturday, January 08, 2011 4:23:23 PM
Rank: Member

Joined: 11/5/2010
Posts: 131
Location: kenya
Gatheuzi wrote:
@mgeman, if you want use NAV for the purposes of analysis, you need to know the quality of the assets that OCL has. If the assets are made up of low earning investments (compute the Return on Assets Ratio to disvover this) then the assets have probably not been revalued or written down (recall the case of Centum in RVR).

Further to this, even if the assets are valuable but mgt issues are not sorted, the mgt will mismanage them and probably succeed in bringing down their value (similar to flashing assets down the toilet like @ ucant was told by @guru).

This is what value trap is. Unga also has low NAV but this is for another day.

Thanks Gatheuzi, This is becoming interesting and educative. Am going to run those ratios and study the company further and let's what we get. Wazuans will you join me?
I am an African

-Thambo Mbeki Speech
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jmbada
#75 Posted : Sunday, January 09, 2011 12:47:02 AM
Rank: Member

Joined: 1/1/2011
Posts: 396
What's going on with O.CAP???
Rule no. 0.1:If a publicly traded company cannot readily and willingly provide its most recent financials to existing and potential investors....WALK AWAY!!!!
Rule no. 0.2:if a publicly traded company's subsidiary in another country has been suspended on the stock exchange there...ensure you've collected on any supplies you've made to them.
Rule no. 0.3:if in doubt, just buy govt. securities or land and sleep well every single night. Your kids will appreciate your efforts in the future when you pay for their uni education or finance their first business start up.
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gesowan
#76 Posted : Monday, March 28, 2011 11:00:44 PM
Rank: Member

Joined: 11/6/2010
Posts: 289
today we are again up 10% we understand Paul Wanderi Ndungu is a share holder,we have seen Board Coup at CMC are we in for one at Olympia?
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  | | Edit by user: Monday, March 28, 2011 11:42 PM | Reason: Not specified
selah
#77 Posted : Wednesday, May 04, 2011 3:24:42 PM
Rank: Elder

Joined: 10/13/2009
Posts: 1,950
Location: in kenya
Billionaire wrote:
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.

Laughing out loudly Laughing out loudly Laughing out loudly Applause Applause Applause you have made my day.
'......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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underweight
#78 Posted : Wednesday, May 04, 2011 5:37:57 PM
Rank: Member

Joined: 1/25/2009
Posts: 184
Location: For now El-Fashier - Darfur
brothers rem I bought this counter at 35 averaged down at 20, took all my rights plus additional at 14 and bought more at 5. Trust me wen it touched 9 I exited never to look back again (ofcourse with losses running into thousand of shillings). Rem they are still withholding shareholders dividend cheque for last financial year due to some cash issue. Kindly keep off this counter if U can!
"A bad decision made now is beta that a good one made later!!"
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  | | Edit by user: Wednesday, May 04, 2011 5:41 PM | Reason: Add remarks with loss....
bartum
#79 Posted : Wednesday, May 04, 2011 5:51:26 PM
Rank: Veteran

Joined: 8/11/2010
Posts: 1,011
Location: nairobi
underweight wrote:
brothers rem I bought this counter at 35 averaged down at 20, took all my rights plus additional at 14 and bought more at 5. Trust me wen it touched 9 I exited never to look back again (ofcourse with losses running into thousand of shillings). Rem they are still withholding shareholders dividend cheque for last financial year due to some cash issue. Kindly keep off this counter if U can!

why did you decide to average down, next time use another stock to average down
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slykat
#80 Posted : Wednesday, July 06, 2011 3:04:45 AM
Rank: Member

Joined: 2/20/2007
Posts: 359
Guru is absolutely spot on! ...better down the water loo!!

But ignoring this stock for analytical purposes might be a mistake for "optimists" who always ask why not? Coz, there is no shortage of tips and guides on how to pick "winners" at the exchanges.

When I started I stuck to "winners'" guides and did not make any loss. But that made me too optimistic, even cocky, so much so that one day I decided to speculate on OCHL and EACBL. The k went down the toilet.

Now, that was the best stocks lesson I ever learned. I had never read any guide on how to lose k at the mkt, coz everyone talks about how to make it, if u get the drift.

I thus now believe Olympia offers the best example of just HOW NOT TO RUN A LISTED COMPANY for "hired" managers, and HOW BEST TO LOSE UR MONEY AT A STOCK EXCHANGE.

Its analysis would be a masterpiece into what stocks never to touch.

Just an example; info regarding what, why, when,and how much for, of whatever it is that they do/sell cannot be found on their sooo never updated website or anywhere - plus ever late reporting!!!!

I still maintain a few OCHL, as a constant reminder of the best "ulimwengu" lesson I ever learned on picking stocks.

Asiyefunzwa na guru, hufunzwa na ulimwengu.
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  | | Edit by user: Wednesday, July 06, 2011 3:37 AM | Reason: Not specified
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