Expect a bloodbath.Plush / yokota doors just been closed by the sheriff and staff sent home.

@ Longships

Please elaborate and tell us your source.


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

...longships...what's the website for plush? Sounds like a true storo...

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

I'm not leaving this one in a hurry!!

Behind the gardens...Behind the wall...Under the tree (Including: Red...Dark Blue...Yellow)

Website on olympias opening webpage. Has not been operating for some time. Word on the street here is that the bank put them in.

My best advice,I have related with this company and I can tell you there is nothing going on. Their market is definately under threat,cant think of one innovative manager and is highly leveraged. The silence in the company reminds me of the time a South African guy was running Uchumi,the funny thing the mzungu is still here doing I dont know what and Uchumi was in a death bed until rescued by Ciano.
Run from this stock is my best advice.

All that matters is character

Sijui... I read the same stuff you guys do... 2 more weeks till they release results. Last year they released mwisho of month...

http://www.olympiacapital.co.ke/ is down. I was not able to load the webpage. That is like other Kenyan firms who do little website maintenance.

Lakini as for longships... sijui... Olympia Kenya owns 51% or so of Olympia Botswana which in turn owns 72% of Plush.

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

On the other hand... am I a worry-wart who is concerned about rumours by longships who may be a pumper & dumper?
* I was worried about KQ but after looking at info (on the website) in detail,it is not as bad as the Kenyan media made it out to be. KQ share price has recovered nicely & is higher than BEFORE the announcement. KQ made a commendable 'operating profit' before the hedging charge.
** A little additional research into KQ made me realize that they are in a (relatively) much stronger position vs other African airlines. Even perennial threat Emirates has backed down since travel to Dubai has dropped. Ugandan airlines are shutting down & the Nairobi-Entebbe route is 'safer' for KQ.
*** Back to Olympia. I have no idea how S.Africa is doing but the housing market has seen a downturn all over the world esp the higher-end market that Plush & Natwood serves. On the other hand,there is the PVC tile market that caters for the lower-middle class & commercial spaces that might have seen an upturn as the GoSA pushes housing.
**** Listen to the rumours but try to see if there is more than mere rumours.

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

I'm sticking with Olympia and actually buying more.
Worst case scenario if they were to go down... They'd definitely be a takeover bid and that's cash in my wallet.
If the rumor was true then a link would have been provided.
This must be the guy wiping out all supply!!!!

My only interest in this forum was to establish if you knew more than myself about Olympia's South African operation. Plush/Yokota and ourselves (Rufflette) have been serious competitors in the curtain suspension product's industry.

I only posted once,along time ago to warn you that your optimism for this share based on it's South African operations might be optimistic.

I soon realized that you guys were fishing in the dark as to what was happening in South Africa

I have no shares and have never traded in this counter.

Here is a link to our up and coming wesite and feel free to Google Kirtech

http://www.zoneone.co.za/live/kirtech/

I understand your doubts but only posted to inform you what has happened.

To all you Doubting Thomas's you will not have long to wait!

This is my final word on the matter