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muganda
#31 Posted : Wednesday, January 26, 2011 9:15:46 AM
Rank: Elder

Joined: 9/15/2006
Posts: 3,907
@BGL give us the link please. If what @guru says is true, this is morally reprehensible.
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BGL
#32 Posted : Wednesday, January 26, 2011 9:43:23 AM
Rank: Veteran

Joined: 10/11/2009
Posts: 1,223
guru267 wrote:
BGL wrote:
KAKUZI LIMITED
PUBLIC ANNOUNCEMENT
FINANCIAL YEAR ENDED
31 DECEMBER 2010
Notice is hereby given, pursuant to Regulation
19 of the Capital Markets Authority Regulations
and the Fifth Schedule, Continuing obligations,
that Kakuzi Limited has received a claim for
repayment of Kshs109 million from Del Monte
Kenya Limited (DMKL) following the discovery
of an alleged error made by DMKL in calculating
the sale price of pineapples for the joint venture
between Kakuzi Limited and DMKL for the
years 2007 and 2008.
The Board of Kakuzi Limited is currently
reviewing the claim and will make a further
announcement when the matter is resolved.
K W Tarplee
Chairman
25th January 2011



@BGL what are you trying to do spreading lies to the public...

Please find another way to start a sell off...



read the statement here http://dn.nationmedia.co...rint/26_01_2011_045.pdf or purchase a copy of the daily nation and open page 45.
The problem of eating-smoking grass/vegetables is that you are on activation mode whilst everyone is in resting mode.
History will not remember you for your IQ. It will remember you for what you did. “Genius is 1 percent inspiration, 99 percent perspiration.” Thomas Edison
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guru267
#33 Posted : Wednesday, January 26, 2011 10:00:40 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
BGL wrote:


read the statement here http://dn.nationmedia.co...rint/26_01_2011_045.pdf or purchase a copy of the daily nation and open page 45.
The problem of eating-smoking grass/vegetables is that you are on activation mode whilst everyone is in resting mode.


The link does not work
Mark 12:29
Deuteronomy 4:16
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VituVingiSana
#34 Posted : Wednesday, January 26, 2011 10:04:50 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,353
Location: Nairobi
In the grand scheme KShs 109mn isn't that much for Kakuzi considering they will probably refute the amount [No loss to them] or defer the payment to a later date...

Plus with tea + weak KES... expect a very good set of results...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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the deal
#35 Posted : Wednesday, January 26, 2011 10:26:08 AM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Ksh 109 M plus the prevailing drought sorry this is blow to Kakuzi.
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wasee
#36 Posted : Wednesday, January 26, 2011 10:43:40 AM
Rank: Member

Joined: 2/5/2010
Posts: 273
Location: NBI
guru267 wrote:
BGL wrote:
KAKUZI LIMITED
PUBLIC ANNOUNCEMENT
FINANCIAL YEAR ENDED
31 DECEMBER 2010
Notice is hereby given, pursuant to Regulation
19 of the Capital Markets Authority Regulations
and the Fifth Schedule, Continuing obligations,
that Kakuzi Limited has received a claim for
repayment of Kshs109 million from Del Monte
Kenya Limited (DMKL) following the discovery
of an alleged error made by DMKL in calculating
the sale price of pineapples for the joint venture
between Kakuzi Limited and DMKL for the
years 2007 and 2008.
The Board of Kakuzi Limited is currently
reviewing the claim and will make a further
announcement when the matter is resolved.
K W Tarplee
Chairman
25th January 2011


@BGL what are you trying to do spreading lies to the public...

Please find another way to start a sell off...



@guru.. check nse site. it has that announcement.
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Stealth
#37 Posted : Wednesday, January 26, 2011 4:50:45 PM
Rank: Member

Joined: 5/3/2010
Posts: 145
Location: East Africa
@ guru267
The announcement is in todays paper on page 45, bottom left part of the page. Just confirming thats its there.
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Gatheuzi
#38 Posted : Wednesday, February 02, 2011 2:12:11 PM
Rank: Veteran

Joined: 8/16/2009
Posts: 994
wasee wrote:
guru267 wrote:
BGL wrote:
KAKUZI LIMITED
PUBLIC ANNOUNCEMENT
FINANCIAL YEAR ENDED
31 DECEMBER 2010
Notice is hereby given, pursuant to Regulation
19 of the Capital Markets Authority Regulations
and the Fifth Schedule, Continuing obligations,
that Kakuzi Limited has received a claim for
repayment of Kshs109 million from Del Monte
Kenya Limited (DMKL) following the discovery
of an alleged error made by DMKL in calculating
the sale price of pineapples for the joint venture
between Kakuzi Limited and DMKL for the
years 2007 and 2008.
The Board of Kakuzi Limited is currently
reviewing the claim and will make a further
announcement when the matter is resolved.
K W Tarplee
Chairman
25th January 2011


@BGL what are you trying to do spreading lies to the public...

Please find another way to start a sell off...



@guru.. check nse site. it has that announcement.


http://nse.co.ke/newsite...nouncements&sid=1166
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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VituVingiSana
#39 Posted : Thursday, February 03, 2011 11:48:32 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,353
Location: Nairobi
IMHO, 109mn isn't a huge amount for Kakuzi to pay up... And I think Kakuzi will probably dispute the figure & come to a compromise... Tea is rocking & rolling despite the drought & Egypt problems...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Gatheuzi
#40 Posted : Thursday, February 03, 2011 8:42:30 PM
Rank: Veteran

Joined: 8/16/2009
Posts: 994
I wonder where DMKL was for those 3 yrs. Didn't the auditors catch anything? Eventually this will get resolved if this means payment of partial claim or full claim by installment.
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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