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Kaimbaga
#1 Posted : Monday, August 31, 2009 12:03:00 PM
Rank: Member


Joined: 7/3/2009
Posts: 14
Is this a mistake or AFRIKA ACTUALLY MADE A PROFIT OF 556,436,000. Check today's Daily Nation page 18. It seams quite high considering that most of the broker's are indeed reporting losses.

Where do we run to with most Broker's doing very poorly financially

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Mainat
#2 Posted : Monday, August 31, 2009 12:47:00 PM
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Joined: 11/21/2006
Posts: 1,590
Its actually Ksh0.55m. But its numbers...

www.mjengakenya.blogspot.com
Sehemu ndio nyumba
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Ken K
#3 Posted : Monday, August 31, 2009 3:23:00 PM
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Joined: 10/19/2006
Posts: 84
Mainat

Where did you take the '000s?

At some point I thot 'a Kiosk at half an M?'

But then...
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Mainat
#4 Posted : Monday, August 31, 2009 3:33:00 PM
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Joined: 11/21/2006
Posts: 1,590
Ken K you are not another mukiha believing everything you read in newspapers are you? If AIB has made ksh555m then Mwai Kibaki only has one wife...

www.mjengakenya.blogspot.com
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Ken K
#5 Posted : Monday, August 31, 2009 3:46:00 PM
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Posts: 84
but he hAs one wife...
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corrector
#6 Posted : Monday, August 31, 2009 5:34:00 PM
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Joined: 12/9/2006
Posts: 16
People
Try adding up the closing revenue account as at dec,plus the profit reported,this will not add up to the closing revenue account in the balance sheet as at june 2009,

WHAT IS GOING ON WITH THIS FIRM
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Mainat
#7 Posted : Monday, August 31, 2009 5:55:00 PM
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Joined: 11/21/2006
Posts: 1,590
Ken K- okay then,I guess AIB made Ksh555m in the 6 months to 2009. Lol

www.mjengakenya.blogspot.com
Sehemu ndio nyumba
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Kaimbaga
#8 Posted : Tuesday, September 01, 2009 6:57:00 AM
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Joined: 7/3/2009
Posts: 14
The CMA Boss Stella Kilonzo is defending the brokers. She says we should at least be happy that they published their results. Am happy with her record at the helm of the Capital Markets but i still feel they should do more to ensure that the results from the broker's actually add up

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Agra
#9 Posted : Tuesday, September 01, 2009 8:43:00 AM
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Joined: 4/22/2007
Posts: 96
Location: Agra, India
Now i know them brokers are cooking them books cant wait to see audited results.i cant believe the bank balances and clients money held by these institution.Especially the one for Reliable is looking funny or suspicious i must say.

NAMASTE !Don't be unrealistic with your expectations
It's easy for investors to get emotional and prejudiced when trading, but computers don't
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tajiri
#10 Posted : Tuesday, September 01, 2009 12:25:00 PM
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Joined: 9/28/2007
Posts: 44
Could you check and find out who the directors of Afrika Investment bank. That may explain why different sources of information have different results!!!! Power of the press.
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Kaimbaga
#11 Posted : Tuesday, September 01, 2009 12:48:00 PM
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Joined: 7/3/2009
Posts: 14
As per yesterday's paper,
The Chairman is one George A. Maina
One Director is listed,Kibuga Kariithi. He used to be the NSE Chair before Jimnah Mbaru. Their website is very economical with information and only provides their contact details.

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Mainat
#12 Posted : Tuesday, September 01, 2009 1:00:00 PM
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Joined: 11/21/2006
Posts: 1,590
Linus Gitahi,Kibugi Kariithi,George Maina and Ken Wathome are the directors.

www.mjengakenya.blogspot.com
Sehemu ndio nyumba
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