Wazua
»
Investor
»
Stocks
»
Drama at Housing Finance board room
Rank: Veteran Joined: 2/10/2010 Posts: 1,001 Location: River Road
|
Mixing the old and the new, i had a hunch when i exited this counter in 2006 that the chemistry would not last. Frank Ireri has really played Gatabaki. Plucked from BBK to head a moribund HF and now Adan Mohammed wants to replace Naftali Mogere. Very interesting!
|
|
|
Rank: Elder Joined: 5/27/2008 Posts: 3,760
|
Adan cant replace Mogere. As far as I know Mogere was there on behalf of NSSF, so NSSF is still entitled to the seat. Unless NSSF nominate Adan...
|
|
|
Rank: New-farer Joined: 1/20/2010 Posts: 1 Location: Bermuda
|
Gordon Gekko wrote:Adan cant replace Mogere. As far as I know Mogere was there on behalf of NSSF, so NSSF is still entitled to the seat. Unless NSSF nominate Adan... I think Adan is the Chairman of the NSSF Board of Trustees??
|
|
|
Rank: Elder Joined: 5/27/2008 Posts: 3,760
|
There is Adan 'Barclays' Mohamed and Adan 'NSSF' Mohamed. Which Adan are you referring to?
|
|
|
Rank: Veteran Joined: 2/10/2010 Posts: 1,001 Location: River Road
|
Adan Mohammed NSSF, why did NSSF choose him and not the managing trustee or did he nominate himself?
HF needs independent directors who are not there to cater to the shareholder interests. Remember what happened to Uchumi when one director bulldozed the entire board. The intrigue is not good for a listed company.
|
|
|
Rank: Chief Joined: 1/3/2007 Posts: 18,349 Location: Nairobi
|
Equity shud just buy the remainder 75% of HF... and do things its way... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
|
|
|
Rank: Elder Joined: 12/13/2006 Posts: 2,589
|
I would do the same if I injected the very much required capital that HF had sought for quite sometime... BEER IS LIVING PROOF THAT GOD LOVES US AND WANTS US TO BE HAPPY!
|
|
|
Rank: Elder Joined: 12/9/2009 Posts: 6,592 Location: Nairobi
|
Looks like the boardroom war outcome was taken positively by investors. The counter is heading north. Have their books closed?
BBI will solve it :)
|
|
|
Rank: Member Joined: 7/17/2008 Posts: 152
|
Thats true. It has now emerged that equity wants to use HF as a short cut to buying National bank through NSSF, this can only be interpreted as good news. Investors wouldnt care much who is moved from the board for as long as the company performs.
|
|
|
Rank: Chief Joined: 1/3/2007 Posts: 18,349 Location: Nairobi
|
@luxel - Please explain how buying HFCK helps Equity buy NBK? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
|
|
|
Wazua
»
Investor
»
Stocks
»
Drama at Housing Finance board room
Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.