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CFC Stanbic 1Q18
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Ericsson wrote:VituVingiSana wrote:Hah!
Wajanja.
1) SAHL bought out some of the minority shareholders in/around July 2018 and thus didn't even give them the FY 2017 dividend. The benefits of the funds used to generate profits in FY 2017 were not passed along!
2) Then SAHL also screwed them over for 1H 2018's dividend. Same story.
Now I wait for Unga! Hiyo ni hujuma and lack of respect Tuliwaona kwa mbali Life is short. Live passionately.
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Rank: Chief Joined: 1/3/2007 Posts: 18,347 Location: Nairobi
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sparkly wrote:Ericsson wrote:VituVingiSana wrote:Hah!
Wajanja.
1) SAHL bought out some of the minority shareholders in/around July 2018 and thus didn't even give them the FY 2017 dividend. The benefits of the funds used to generate profits in FY 2017 were not passed along!
2) Then SAHL also screwed them over for 1H 2018's dividend. Same story.
Now I wait for Unga! Hiyo ni hujuma and lack of respect Tuliwaona kwa mbali Hujuma? Lack of respect? How? @sparkly - What do you mean? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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VituVingiSana wrote:sparkly wrote:Ericsson wrote:VituVingiSana wrote:Hah!
Wajanja.
1) SAHL bought out some of the minority shareholders in/around July 2018 and thus didn't even give them the FY 2017 dividend. The benefits of the funds used to generate profits in FY 2017 were not passed along!
2) Then SAHL also screwed them over for 1H 2018's dividend. Same story.
Now I wait for Unga! Hiyo ni hujuma and lack of respect Tuliwaona kwa mbali Hujuma? Lack of respect? How? Buying out minority shareholders and not entitling them to dividend @sparkly - What do you mean? Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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