Wazua
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CMC MOTORS Boardroom Wars
Rank: Member Joined: 2/21/2009 Posts: 573
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@Mukiha
Hear there are boardroom changes.
That stock i would keep off abit.
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Rank: User Joined: 8/29/2011 Posts: 1,045 Location: Mtaani
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mukiha wrote:CMC has been the best performer so far this quarter: started at 11.00 on July 1 and is now 12.25 {11.4% up}
The only other stock that has recorded a gain is Limuru Tea. All the others are either flat or have lost!
And I'm happy to report that CMC accounts for 35% of my portfolio. It is a looooooong term investment that I have had since 1994! wow. Where was i in 1994 . Oh yes chasing gals, lol
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Rank: Elder Joined: 12/9/2009 Posts: 6,592 Location: Nairobi
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QW25081985 wrote:wow. Where was i in 1994 . Oh yes chasing gals, lol You must have been a very randy 9yr old. 
BBI will solve it :)
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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@ mnjoro - The boardroom changes have already occured in May 2011 and it was needed to bring the company back to profitability.
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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2012 wrote:QW25081985 wrote:wow. Where was i in 1994 . Oh yes chasing gals, lol You must have been a very randy 9yr old. NICE ONE The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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CMC chairman ousted in fresh war for control of motor dealer http://www.businessdaily...6/-/c68nopz/-/index.htmlGOD BLESS YOUR LIFE
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Disputed loan (KCB  ) pushes Marshalls to profitability http://www.businessdaily...0/-/14o3wc4/-/index.htmlGOD BLESS YOUR LIFE
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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@ youcan'tstopusnow - I just went through the article and it is clearly written "Mr Muthoka's ouster is said to have arisen from his disagreement with fellow board members on key strategic proposals he felt risked exposing the company to more losses."
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Firms with Governance issues are very bad...look how marshalls has gone down...the same might happen to CMC...this Mr Muthoka guy was the right man for job atleast he knows the business...the appreciation in the share was because of Andy forwaders accumulating shares in anticipation of this board room wars...the moment I realised that I sold my lil shares btwn whats CMC without GoK and Andy Forwaders?
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Rank: Veteran Joined: 11/21/2006 Posts: 1,590
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Mukiha-what gives at CMC? I read the BDA article and thought of Pattni/Somaia bs at Marshalls. Sehemu ndio nyumba
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CMC MOTORS Boardroom Wars
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