wazua Mon, Mar 30, 2026
Welcome Guest Search | Active Topics | Log In

5 Pages<12345>
Sameer Africa - Scraping the bottom of the barrel!!!
Options
Previous Topic · Next Topic
mwanahisa
#21 Posted : Tuesday, November 16, 2010 1:13:49 PM
Rank: Elder

Joined: 6/2/2008
Posts: 1,438
Well, some folks made money and of course they received the 50 cts dividend. But a bad share remains a bad share. The chickens are coming home to roost!
Back to top
  |
the deal
#22 Posted : Tuesday, November 16, 2010 1:20:01 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Well following the advise of one of our great elders here i have NO merali firm on my portifolio...although theyre not always right their our elders...LOL...
Back to top
  |
VituVingiSana
#23 Posted : Tuesday, November 16, 2010 1:33:26 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
@nyari - Please don't compare Kapchorua [real land, profits & tea] vs FIRE [smoke & mirrors]... Apple vs Oranges

merali bought the shares at 5/- from ICDC [not ICDCIC] then sold them to the public for 34.50 or so! I sat it out...

BTW, 'Sameer Tyres' gave up the land on Mombasa Rd for only 25% of the project... I betcha the 'other' 75% is also merali...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Back to top
  | | Edit by user: Tuesday, November 16, 2010 1:37 PM | Reason: Not specified
youcan'tstopusnow
#24 Posted : Wednesday, January 19, 2011 10:09:43 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Govt retreats over land acquisition plan www.nation.co.ke/News/Go...056/1092156/-/akncbez/-/
GOD BLESS YOUR LIFE
Back to top
WWW
  |
mwanahisa
#25 Posted : Wednesday, March 23, 2011 12:24:21 PM
Rank: Elder

Joined: 6/2/2008
Posts: 1,438
Sameer Africa Dividends - Once again a case of now you see them now you don't. Shareholders better hope for the GoK to demolish the plant and pay them off!
Back to top
  |
mwanahisa
#26 Posted : Wednesday, March 23, 2011 1:38:10 PM
Rank: Elder

Joined: 6/2/2008
Posts: 1,438
This is a classic example of a share that any growth or value oriented investor should avoid like the plague.

Over the 7 year period from 2004 to 2010, the company has grown its turnover by a MERE 2.28% while profits after tax have dropped by 79%. Of course, you can imagine what has happened to the share price!
Back to top
  |
VituVingiSana
#27 Posted : Wednesday, March 23, 2011 2:11:52 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
What??? Is it still listed? ;-)
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Back to top
  |
Cde Monomotapa
#28 Posted : Wednesday, March 23, 2011 3:31:39 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
mwanahisa wrote:
Sameer Africa Dividends - Once again a case of now you see them now you don't. Shareholders better hope for the GoK to demolish the plant and pay them off!

OMG!! LOLest!!
Back to top
  |
Renegade
#29 Posted : Thursday, March 24, 2011 9:41:15 AM
Rank: Member

Joined: 4/18/2009
Posts: 118
This barrel will soon have no bottom. Demolition will be the last straw. You can be sure the chief will find a way of ensuring that the assets that will be destroyed (and compensated) were all his, not owned together with the minority shareholders.

Cde Monomotapa wrote:
mwanahisa wrote:
Sameer Africa Dividends - Once again a case of now you see them now you don't. Shareholders better hope for the GoK to demolish the plant and pay them off!

OMG!! LOLest!!
Back to top
  |
ProverB
#30 Posted : Thursday, March 24, 2011 10:21:13 AM
Rank: Veteran

Joined: 3/12/2010
Posts: 1,199
Location: Eastlander
Renegade wrote:
This barrel will soon have no bottom. Demolition will be the last straw. You can be sure the chief will find a way of ensuring that the assets that will be destroyed (and compensated) were all his, not owned together with the minority shareholders.

Cde Monomotapa wrote:
mwanahisa wrote:
Sameer Africa Dividends - Once again a case of now you see them now you don't. Shareholders better hope for the GoK to demolish the plant and pay them off!

OMG!! LOLest!!


Laughing out loudly Laughing out loudly Laughing out loudly
..the bottom gave way years ago.. scrapping through the ground under the barrel gasping for air..
..Let your light so shine before men, that they may see your good works, and glorify your Father which is in heaven...Matt5:16
- 1769 Oxford King James Bible 'Authorized Version
Back to top
WWW
  |
5 Pages<12345>
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Wazua Investor Theme
Powered by YAF | YAF © 2003-2009, Yet Another Forum.NET
Copyright © 2026 Wazua.co.ke. All Rights Reserved.