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KENOL/KOBIL
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VituVingiSana
#1741 Posted : Tuesday, May 17, 2011 7:18:30 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,367
Location: Nairobi
Cde Monomotapa wrote:
KK & Engen got muscled out of Shell's assets in Zim by a local succesful biz mogul called Shingi Mutasa through his LSE, AIMS investment company called Masawara Plc. I respect this man a lot. U could check out his other pet if u may www.ta-holdings.com (ZSE)
Well, muscled out coz he has connections/corruption. The reason given was that KK/Engen were not 'local' whereas this guy used his connections to make the LSE-listed firm [majority non-Zimbabwean] a 'local' firm!

KK has not given up in Zimbabwe but has said they will go for smaller acquisitions & greenfield sites.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Cde Monomotapa
#1742 Posted : Tuesday, May 17, 2011 7:35:11 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
He he. Shingi owns 51% of Masawara and according to Zim's Indeginization laws all firms worth over USD1M must be 51% owned by a local so KK & Engen were promptly out on technicalities. Masawara's LSE, AIMs listing was purely to fundraise for Private Equity. Masawara, apart from it's 40% stake in TA, is generally interested in investing in resources/mining in ZIM. LSE is the best market to raise capital for mineral resource ventures. smile
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Cde Monomotapa
#1743 Posted : Tuesday, May 17, 2011 7:38:06 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Oh yes..the other trinity I believe in is the one of Law, Business & Politics..competence is the variable.
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Iborian
#1744 Posted : Tuesday, May 17, 2011 8:50:48 PM
Rank: Member

Joined: 4/17/2009
Posts: 194
Cde Monomotapa wrote:
KK & Engen SA got muscled out of Shell's assets in Zim by a local successful biz mogul called Shingi Mutasa through his LSE, AIMS listed investment company called Masawara Plc. I respect this man a lot. U could check out his other pet if u may www.ta-holdings.com (ZSE)


Hope this Shingi is no rela of Strive Masiyiwa, the dude from Econet who took Kenyans for a ride for an eternity. Well, inakaa alikuwa ana"strive".

The Yu guys must be cursing having ever met the guy.
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QW25071985
#1745 Posted : Tuesday, May 17, 2011 9:01:43 PM
Rank: Veteran

Joined: 3/25/2011
Posts: 946
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the deal
#1746 Posted : Tuesday, May 17, 2011 9:10:28 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
@Cde VVS is an encyclopedia of African biz...LOL...
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Cde Monomotapa
#1747 Posted : Tuesday, May 17, 2011 10:29:30 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
@Iborian. Thanks for bringing SM up. Econet Zim turned over USD500M FY2010. No.1 company on Zse mkt Cap. Fatest div.s ever!! Currently trading @ USD 5/share.
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  | | Edit by user: Wednesday, May 18, 2011 6:20 AM | Reason: :-)
Cde Monomotapa
#1748 Posted : Tuesday, May 17, 2011 10:31:21 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Cde Monomotapa wrote:
@Iborian. Thanks for bringing SM up. Econet Zim turned over USD500M FY2010. No.1 company on Zse mkt Cap. Fatest div.s ever!! Currently trading @ USD 5/share

No relation to Shingi. smile as in foota so it is in bizna-home ground advantage! Lol!
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  | | Edit by user: Wednesday, May 18, 2011 6:23 AM | Reason: :-P
Gordon Gekko
#1749 Posted : Thursday, May 19, 2011 7:34:02 AM
Rank: Elder

Joined: 5/27/2008
Posts: 3,760
Slowly, but the wheels of justice are turning....

http://www.standardmedia...C%20over%20Sh4.9b%20debt
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Cde Monomotapa
#1750 Posted : Thursday, May 19, 2011 7:38:09 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Anyone got their div? (thanks GG)
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