@Mukiha

If I have to explain to you how stocks manipulation is done then you are in the wrong business.

As far as accumulating shares outside the open market,have you ever heard of private placements? These are options negotiated between the company and the investor to buy a certain number of stocks(usually large volume) at a a price lower than the share price. Happens all the time.

Its getting late. I have retire so that I can get up early and hopefully make some more money . Good luck.

@TB,

You are tired and sleepy but that shouldn't be an excuse for your ignorance......The KPLC shares which TCL bought were put on NSE board by NSSF,as Mukiha has put it rightly,in March of 2006......Funny enough,nobody touched this shares.What TCL did was to watch until the final hour of the last trading day.Someone appeared with a check and snapped up all the shares worth 340 M and walked away..(Where were you?)......The first person to raise dust about this issue was no other than RAO and Nyong'o.Indeed,they described it as 'privatisation backdoor'.What followed was a mini war of words with TCL asking where this cry babies were when the shares were still on the floor........where is the wrong here?......Anyway,i do understand why such private equity groups associated with leaders go through this unkind talk and attacks.Look at Caryle,one of the world most prestigious private equity group.It has been through hell for being associated with no less persons than Gerge Bush Snr,Henry Kissinger,John Major and hundreds of other high networth leaders..................



Guka wa bijuti...

It is easy to argue that NSE is a private company and that they do as they please etc,but the truth is that its activities are done in trust for the public interest.

Their appointments must reflect the public face of the bourse and should always be in good faith. Now the appointment of Eddy Njoroge for me is technically okay but it feels like it was not done in good faith. This guy has been in the system and like it or not,there is too much conflict of interest here.

TCG has benefited immensely from the MK gava and while I cannot prove it,they have obviously had some inside dealings with the MK govt which has to some extent short changed the kenyan public. Having said that,they have obviously made some big judgement errors,e.g the RVR was a huge mistake which they will pay for in hard cash for a long time.


I guess if you can't win with facts,you can always pen bile-laced,xenophobic rants to distract everyone.

@Obi

Your statement on TCL looks awkward '...while I cannot prove it,they have obviously had some inside dealings with the MK govt...'.

How can something be obvious if it cannot be proven? I am wondering aloud here...

By the way,I agree Eddy is an insider.

Obi,

Buddies 'benefitting' from a leader is not a new thing.....In the west,they call it arms length policy,isn't it?......Look at Haliburton and Dick Chenney.Even when e-mails from inside Pentagon were tabled,Dick still went ahead to deny it............That might be the proof you are looking for.Let's call it the benefit of seating next to the top man.When he farts,you smile,clap and congratulate him.This won't go away as long as humanity exists and neither does it qualify to be a crime.............You say TCL is made up of 60+ oldies.........mmmmmh.....!!Did you ever hear of TCL private placement where those interested were asked to raise a minimum of 100M??(Total was supposed to be 3B).......If you did,there was no age limit or tribe.Anybody was free to join..........


Guka wa bijuti...