The year ends on 28 Feb but no idea of their results. Anyone?

Greedy when others are fearful,Very fearful when others are greedy - to paraphrase WB

@Kausha

Your date came and went but still nothing from olympia.

Off the top of my head,I thought companies must by law publish within 3 months,is olympia special or is the limit 4 months?





When buying shares,ask yourself,would you buy the whole company?

@MainaT

ty. I can wait another two wks. expect any dividends off this giant mouse?



When buying shares,ask yourself,would you buy the whole company?

P/E of 17? But still,its price is historically quite low currently. A gamble,but life is a gamble.

www.mjengakenya.blogspot.com

Slykat-verily I say unto thee,forsake Olympia and go forth unto Mumias. For it is better for a man like thee to lose thine socks,than to lose thine shoes as well.


www.mjengakenya.blogspot.com

...when results gets delayed this much...they tend to be xtreme...super profits or abnormal loss...which is coming?!

Playing the stock market without insider info...is like buying a cow in the moonlight.

@ Mainat,

I break into a cold sweat whenever anyone mentions Olympia in those terms... I have this gut feeling which might just be the end of me,kindly give us more info. I keep seeing its capital gains paying off my mortgage one day

75 % of Olympia Capital Holding Shares(30 Million Shares) were sold during the rights Issue at Kshs 14.00 and a greater portion of the remaining 10 Million were bought at between 16-40 shillings range. At times I wonder why some Shareholders can afford to sell at almost half that price....Just assuming the profits realised is negligible what do you expect?...A complete massacre. Run when you still can my brother.

A fool and his money are soon a big party

24,000 shares sold today by noon at 9 to 9.50 but the entire market is rising. Results have to be announced by end of June but nothing happens if you are late. This is the NSE.

Greedy when others are fearful,Very fearful when others are greedy - to paraphrase WB

VVS,As you observe,when the mkt starts rising people who were not in look for any share that is available and especially those that trade at Kshs 20 or below - in many mkts these would be referred to as penny stocks. That benefits shares like Olympia. The problem arises in that by the time these shares clear - a week later,the bull market may have slowed down. Oftentimes,it will actually have reversed. At that time,you will try to place a sell order and you will not attract even one bid sometimes.

On the subject of OCH I have written on it previously and I have not seen an investment case worth supporting from its days when it was known as Dunlop. Believe you me this is a counter that I have studied for a while. It may have improved a bit (for purposes of the rights issue last year but one). It now seems to have slackened once again. At the very least,I would expect them to report within the 3 months they are allowed to without attracting any penalties from NSE/CMA. If they can't be able to report on time,you can imagine what else they do NOT get right.


Opportunity calls but few respond.