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KIRTI
#11 Posted : Friday, December 09, 2011 2:14:49 PM
Rank: Member

Joined: 8/17/2010
Posts: 116
paid interim @50cts & will pay minimum 50cts. Result will out by next week. expecting bonus as they r celebrating 60years. also change land from Agri. to Commercial.
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Jamani
#12 Posted : Friday, December 09, 2011 2:20:04 PM
Rank: Elder

Joined: 9/12/2006
Posts: 1,554
With clean hands am seated at the table waiting for the meat from the cows in their shambas, which has been slaughtered, marinated and cooking on low fire, after which i will top dress it as QW says, with sasini tea.....
though am skeptical of the cook, you know the games he plays elsewhere i might only be served with mahuu and soup from the meat..... (well as my friends from central say "ona mahuu no nyamaa") lets wait.....
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Wondergirl
#13 Posted : Friday, December 09, 2011 2:33:57 PM
Rank: Member

Joined: 9/12/2009
Posts: 312
KIRTI wrote:
paid interim @50cts & will pay minimum 50cts. Result will out by next week. expecting bonus as they r celebrating 60years. also change land from Agri. to Commercial.

Drool
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Sufficiently Philanga....thropic
#14 Posted : Friday, December 09, 2011 10:40:34 PM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
KIRTI wrote:
paid interim @50cts & will pay minimum 50cts. Result will out by next week. expecting bonus as they r celebrating 60years. also change land from Agri. to Commercial.

Hallelujah!
@SufficientlyP
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VituVingiSana
#15 Posted : Friday, December 09, 2011 11:53:30 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
merali will give the other shareholders crumbs... He did so with the prime land Firestone had... 25% of the development... Yes, only 25%... the rest is his!!!

And I am sure the 75% was financed using loans so merali put in zero but gets 75%...

Sasini will be the same deal...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Gordon Gekko
#16 Posted : Saturday, December 10, 2011 9:38:34 AM
Rank: Elder

Joined: 5/27/2008
Posts: 3,760
VituVingiSana wrote:
merali will give the other shareholders crumbs... He did so with the prime land Firestone had... 25% of the development... Yes, only 25%... the rest is his!!!

And I am sure the 75% was financed using loans so merali put in zero but gets 75%...

Sasini will be the same deal...


Clearly, no love lost......
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sparkly
#17 Posted : Sunday, December 11, 2011 8:59:53 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
VituVingiSana wrote:
merali will give the other shareholders crumbs... He did so with the prime land Firestone had... 25% of the development... Yes, only 25%... the rest is his!!!

And I am sure the 75% was financed using loans so merali put in zero but gets 75%...

Sasini will be the same deal...

@VVS am with you on this one. Sameer Africa sold the land to Sameer Business park for 190m. If Merelli was concerned about the minority, the land could have been part of SAL's equity since the tire business is doing so poorly.
Life is short. Live passionately.
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Jamani
#18 Posted : Sunday, December 11, 2011 9:00:04 AM
Rank: Elder

Joined: 9/12/2006
Posts: 1,554
Let me understand, did he do it because he owns 75% of the holdings or he did it the CMC way?
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  | | Edit by user: Sunday, December 11, 2011 9:01 AM | Reason: Not specified
Jamani
#19 Posted : Sunday, December 11, 2011 11:12:47 AM
Rank: Elder

Joined: 9/12/2006
Posts: 1,554
Looking at the previous report, list of shareholders with holdings, I can see about 800 new millionaires being created (i.e. if they are not yet millionaires)... this is based on if "they" decide to convert from agricultural to commercial without noting VVSs comments above....
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sparkly
#20 Posted : Sunday, December 11, 2011 12:37:56 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Jamani wrote:
Let me understand, did he do it because he owns 75% of the holdings or he did it the CMC way?

formed a new company SBP in which he owns 75% and SAL only 25%. SAL then transferred the land to SBP. The sale reduced the losses of SAL from tyre business. No special div to the shareholders for the sale. Watch out for similat tricks is sasini.
Life is short. Live passionately.
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