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Olympia 2008-9 Results
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slykat
#51 Posted : Monday, June 22, 2009 9:41:00 AM
Rank: Member

Joined: 2/20/2007
Posts: 359
@Vitu


I haven't checked,but I thought you said trading on this one ceased?!
Is it bad or worst?
When buying shares,ask yourself,would you buy the whole company?
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VituVingiSana
#52 Posted : Monday, June 22, 2009 9:57:00 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
Message to brokers from NSE regarding the suspension of trading but 57,400 shares had traded by then. Most firms release results/material information BEFORE trading opens (e.g. KQ did recently) while others AFTER trading closes. Some firms release material information DURING trading hours thus the confusion.

Greedy when others are fearful,Very fearful when others are greedy - to paraphrase WB
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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longships
#53 Posted : Monday, June 22, 2009 11:20:00 AM
Rank: Member

Joined: 11/11/2007
Posts: 18
Natwood by all accounts doing well. Worth saving. Very different business toPlush.
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wkisoi
#54 Posted : Monday, June 22, 2009 12:17:00 PM
Rank: Member

Joined: 6/26/2008
Posts: 6
I repeat again,get out when you still can. For those who beleive this company is going somewhere,I propose the following test,go to the sales office and ask for PVC floor tiles. Ask to see samples or a sample board,the prices etc and gauge the level of service.
Also compare the price you receive with the price of a ceramic tile and ask yourself why one would use a PVC tile when they can use a ceramic one.
The value of this share is in the real estate it sits on at that Enterprise Road,Dar es salaam road junction which in my view is factored on the current debts taken to finance acquisitions abroad. You need to explain to me where growth will come from or of loyal customer base.
Good luck. My bets fall on the longisland fellow.

All that matters is character
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mwanahisa
#55 Posted : Monday, June 22, 2009 2:58:00 PM
Rank: Elder

Joined: 6/2/2008
Posts: 1,438
As far as I can tell,other than citing rule 9.4.2 (hope I got that right),there has been no further indication as to the real reason for the suspension of trading. I have checked the NSE website and I have not seen the 2009 results having been posted. I thought the release of the results during trading hours was the most likely reason for the suspension. In the absence of the results,should we assume that there was something rather more sinister?

I have been rather critical of the company and its management in my previous postings. Nonetheless,it would be very dissapointing for NSE investors if another company were to go belly up not very long after soliciting additional funds from shareholders through a rights issue. Any information anyone?



Opportunity calls but few respond.
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Hi-Lo
#56 Posted : Monday, June 22, 2009 4:10:00 PM
Rank: Member

Joined: 10/5/2007
Posts: 91
@mwanahisa...re Vitu/yourself clause 9.4.2(iii)...read...just like us the NSE is trying to get clarification from Olympia as per longships claims...hope their Nbi phones/fax are working...

Playing the stock market without insider info...is like buying a cow in the moonlight.
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Mainat
#57 Posted : Monday, June 22, 2009 8:09:00 PM
Rank: Veteran

Joined: 11/21/2006
Posts: 1,590
NSE honchos have a great opportunity to restore trust in the bourse by dispatching one of their buddies.

www.mjengakenya.blogspot.com
Sehemu ndio nyumba
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Alchemist
#58 Posted : Monday, June 22, 2009 9:11:00 PM
Rank: Member

Joined: 4/28/2009
Posts: 28
Granted,Olympia may be a poor performer but why the lies? I have scoured the Daily Nation,Standard & Business Daily for Vitu's allegation that Olympia was suspended from trading,there is no such story. I have also checked the NSE website and there is no announcement to that effect. I have also checked Kenyan blogs that discuss the NSE,there is no such story. Should we not have a code of ethics on SK?
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minto
#59 Posted : Monday, June 22, 2009 9:28:00 PM
Rank: Member

Joined: 12/31/2006
Posts: 13
Alchemist,if you are unable to obtain confirmation do not attack vitu. This was confirmed through brokers. As an investor why not seek confirmation from the NSE.

It is a known fact that OCH has not released their year end results. They also changed their 'strategy' . 56,400 shares traded for this inactive counter is reason enough to halt trading. Any material information should be made public to all investors.

Happy investing.
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VituVingiSana
#60 Posted : Monday, June 22, 2009 10:23:00 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
I am in the same boat but my broker told me trading was suspended. See longships contributions below.

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