Maybe they just want to be thought of as an 'international' entity.
Cde, wewe utawachwa nyuma with your 'Panafrican-ness'
Hehe

Good question. The CMA ought to perform some due diligence on this company. Reliance on audited financial statements is clearly not working. I will not be surprised if what is presented as investments outside of Kenya is nothing but hot air.

DCDM but auditors do not give EPS calcs unless in the Financial Statements! I think this was calculated by B.U.R.E.K.A.B.I.S.A to con folks!

VVV you are addressing a veteran- an ex top 4 auditor and that is why even without checking I knew that Olympia has a middle level firm as auditors. I did not even consider the accuracy of numbers presented. I am more concerned that there may be no and there may never have been investments in SA, Botswana or even Korea. It would be interesting for DCDM to tell us what procedures they performed to confirm the investments in foreign countries. To be honest the CMA is not doing enough to police these companies. As far as I am concerned audited financial statements can mislead even the very best. Supervision should include on site visits and checks on operations. The managers of Access Kenya and Olympia seem to have pulled a fast one on the investing public as well as the CMA. In some other countries, such actions would be considered economic crimes and the prison sentences would be lengthy.

You have got to give it to Matu. He's managed to con the market until there are no sellers. Of course who would want to sell a share at 4.50 when it is making 3.31 shillings and Matu is promising more?