Transcentury.

By the time RVR turns around and starts contributiong any muula to TCL profits, you will have to wait for a long long time. They just bought Civicon which means they are running short on free floating cash to dish out as dividends. The company is also run by closely nit family members which is bad for business. You just saw what the idiots did with the share by introduction. At 50 shillings par share, that was a rip off.

This is what happens with such companies.

When they want to steal money from the company, they increase the salary of a close relative in the company ten fold. He is then given instructions on how to spend the money directly or indirectly.

Tenders are also given CMC style before Bill Lay came along. The CEO, Kiu.., is one fat guy for a number of reasons. I wont give you those reason. But the moment you see a very young face on very fat body, know that the kid came from a very privilaged family and is only a face for some fat cats. He might be having more professional papers than Prof Githomo but most are of questionable quality. How was the CEO other senior management personnel appointed by the way? If you cannot get answers to this que, then, don't invest with them.

They are now into construction industry. That is one area you will never catch someone intent on defrauding shareholders. They will record 2000 lorries of Kokoto delivered but only 1500 were delivered. Those on employee role as ghost workers can range by 30% more without raising an eye blow. Ope you are getting where am heading. Unless the company is run by the Chinese, be sure you will be looted right, left, centre and between.

Another factor to consider, if Raila becomes president next yr but one, will TCL still enjoy the ride? Just a thought.

However, if you want to speculate, TCL at 15 bob is a good company to do so.

If you do not want to split your cash into similar stocks you could just buy KCB instead of the above..

KCB combines the two business models into one and is just as cheap as NIC or HFCK if not cheaper..

1.Paul Wanderi Ndungu, a lawyer who made a windfall with Kenya Airways shares, and is now Olympia’s second largest shareholder with 12.25% behind Dunlop properties, has joined the Olympia Board this year along with John Simba.this guy is our Buffet...see his portfolio...this guy i follow him anywhere he goes soon i might catch up with him
2.Mr Paul Wanderi Ndung'u, Mr Joel Kamau Kibe and Mr Peter Muthoka have been at the centre of CMC boardroom battles....this gentleman rocks
3.Mr Paul Wanderi Ndung’u is. But as the man behind influential former Safaricom dealer, Mobicom,(now with Telkon) accumulated shares in the motor firm to become the third largest shareholder

...so i ask is this man wrong..my take is i doubt

@gesowan do you know why Wanderi is accumilating olympia?

maybe he does business with olympia and he wants to be in a position to negotiate contracts ala Muthoka.

Maybe he wants to skim company assets.

maybe he wants to play minorities ala Meralli.

Maybe he wants to leverage on Olympia's listed status for M&As.

whatever his goals are will never be in congruency with yours.

people bought olympia at the rights issue of sh 14 just 4 years ago. Others bought it when it rose to sh 21. Look at where it is now.

I bought at sh 9 and cut my losses at sh 7.5 when i realised we were going nowhere. @vitu vingi sana has a good story to tell on this share.

its up to you. You can learn from others experience or you can learn from your own.
The choice is yours

woi !!!! ati what ? who said that a company being a bluechip means it cannot go burst and also you dnt know what Olympia does ??? really ...then you shoudnt be in nse ...just a quick google you should know btw .
this is a company i would sink in a ton of money at 2 bob ..