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Olympia holdings...falling apart?
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longships
#1 Posted : Friday, June 26, 2009 2:29:00 PM
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Joined: 11/11/2007
Posts: 18
Have heard that natwood closed.

Been open this week but no manufacturing took place
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VituVingiSana
#2 Posted : Friday, June 26, 2009 4:35:00 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,099
Location: Nairobi
Please keep us informed. Why would they keep it open if no manufacturing unless the bank has seized assets & trying to sell existing stock.

Greedy when others are fearful,Very fearful when others are greedy - to paraphrase WB
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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longships
#3 Posted : Friday, June 26, 2009 5:18:00 PM
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Joined: 11/11/2007
Posts: 18
Believe that bank wanted out. Olympia would then have to pump more money in. Do not know why no manufacturing but last friday staff left and believed it all over only to be called back on monday. Olympia and bank in meeting at Natwoods premises on monday. I guess that this week was for olympia to decide if it wanted to continue. Manufacturing in South Africa is extremely difficult when times are good,let alone in this recession.
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VituVingiSana
#4 Posted : Friday, June 26, 2009 5:59:00 PM
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Joined: 1/3/2007
Posts: 18,099
Location: Nairobi
What you are saying is interesting as regards manufacturing in S.Africa... which means I will be more careful with anyone who wants to expand their manufacturing there.

*** Bank probably wants out of Plush + related entities. Not surprised. Could they be throwing the baby out with the bath water in Natwood's case?

Greedy when others are fearful,Very fearful when others are greedy - to paraphrase WB
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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jammo
#5 Posted : Tuesday, June 30, 2009 3:52:00 AM
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Joined: 2/12/2008
Posts: 345
Fact or fiction...today's smart company. Definately not good.

..if it is not expressly prohibited in law.. DO IT!!!!
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uchumi
#6 Posted : Tuesday, June 30, 2009 4:35:00 AM
Rank: Member


Joined: 9/16/2006
Posts: 228
when are they realising there results
“I don’t regret the things I’ve done, I regret the things I didn’t do when I had the chance.”
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VituVingiSana
#7 Posted : Tuesday, June 30, 2009 6:41:00 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,099
Location: Nairobi
Last day for results. Has anyone heard anything?

Greedy when others are fearful,Very fearful when others are greedy - to paraphrase WB
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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mwanahisa
#8 Posted : Tuesday, June 30, 2009 6:59:00 AM
Rank: Elder


Joined: 6/2/2008
Posts: 1,438
Enough said.

Opportunity calls but few respond.
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mukiha
#9 Posted : Wednesday, July 01, 2009 5:49:00 AM
Rank: Elder


Joined: 6/27/2008
Posts: 4,114
I had some hope in this thing....not any more...too many question marks

Dumped my holding yesterday @ 8.50

Enough said!!!

Behind the gardens...Behind the wall...Under the tree (Including: Red...Dark Blue...Yellow)
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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Hi-Lo
#10 Posted : Wednesday, July 01, 2009 5:59:00 AM
Rank: Member


Joined: 10/5/2007
Posts: 91
...candidate for permanent suspension like Baumann...time up for results...Plush closed,Natwood closed,Dunlop closed...what goes on?

Playing the stock market without insider info...is like buying a cow in the moonlight.
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Mainat
#11 Posted : Wednesday, July 01, 2009 6:21:00 AM
Rank: Veteran


Joined: 11/21/2006
Posts: 1,590
Has Olympia committed fraud is probably another question.


www.mjengakenya.blogspot.com
Sehemu ndio nyumba
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VituVingiSana
#12 Posted : Monday, July 06, 2009 8:15:00 AM
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Posts: 18,099
Location: Nairobi
I want to hear more from longships

Greedy when others are fearful,Very fearful when others are greedy - to paraphrase WB
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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VituVingiSana
#13 Posted : Monday, July 06, 2009 8:16:00 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,099
Location: Nairobi
please tell us what is happening at natwood,plush,olympia?

Greedy when others are fearful,Very fearful when others are greedy - to paraphrase WB
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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mukiha
#14 Posted : Monday, July 06, 2009 12:27:00 PM
Rank: Elder


Joined: 6/27/2008
Posts: 4,114
With 11 deals,this counter was unusually busy today...small number of shares though....and touched a one year low.

Who said 'get out when you can'?

Behind the gardens...Behind the wall...Under the tree (Including: Red...Dark Blue...Yellow)
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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Mainat
#15 Posted : Tuesday, July 07, 2009 4:31:00 AM
Rank: Veteran


Joined: 11/21/2006
Posts: 1,590
Question-when will CMA start enforcing its rulebook? Answer-when another Uchumi-like collapse happens.

My advice on Olympia-sell up and put in a buy order at around Ksh5.

www.mjengakenya.blogspot.com
Sehemu ndio nyumba
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jerry
#16 Posted : Tuesday, July 07, 2009 6:08:00 AM
Rank: Elder


Joined: 9/29/2006
Posts: 2,570
If I can remember properly Olympia had this idea of converting itself into a 'Centum'. So if this is the case then 6/= will be a very good bargain.

Hotels will always serve the fruits/vegs of the season. In stocks,ur duty as a trader is to identify the HOTshare of the season.
The opposite of courage is not cowardice, it's conformity.
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VituVingiSana
#17 Posted : Tuesday, July 07, 2009 7:24:00 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,099
Location: Nairobi
No results. Does not bode well.

Greedy when others are fearful,Very fearful when others are greedy - to paraphrase WB
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Kaigangio
#18 Posted : Tuesday, July 07, 2009 2:29:00 PM
Rank: Elder


Joined: 2/27/2007
Posts: 2,768
@ vitu,

could be that the books are being cooked to reflect a healthy financials,uchumi style...


NEVER TALK OF A RHINO IF THERE IS NO TREE NEAREBY - ZULU PROVERB
...besides, the presence of a safe alone does not signify that there is money inside...
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VituVingiSana
#19 Posted : Tuesday, July 07, 2009 4:28:00 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,099
Location: Nairobi
This time round,the CMA will be watching. The auditors will be on the hot-spot. And shareholders will be asking the questions. Cooking books is going to be tough.

Greedy when others are fearful,Very fearful when others are greedy - to paraphrase WB
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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jammo
#20 Posted : Wednesday, July 08, 2009 5:15:00 AM
Rank: Member


Joined: 2/12/2008
Posts: 345
@jerry..the purpose for the rights issue they did last year has gone bust. How then do u address investors who bought into the rights?..considerin their investment has fallen thro?

..if it is not expressly prohibited in law.. DO IT!!!!
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