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Stocks I will never touch unless CEO dies
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Surealligator
#1 Posted : Thursday, July 15, 2010 10:15:17 AM
Rank: User

Joined: 6/27/2008
Posts: 709
Location: Velayat-e Faryab
Olympia Capital - The MD was appointed through nepotism = incompetence

Kenya Orchards - Out of sync with modern industry

Standard Newspaper Group - They rented I&M building I think upto year 2012 but halfway built their own Offices on Mombasa road. Now they are Secondary renting the I&M offices as they do not require them. They don't use them but are still paying rent for the same. Does the word ret.... make sense here?

East African Portland Cement - That Japanese Yen denominated loan must have been accepted by a highly irrational board. Priority of current CEO would have been to mitigate against the loan or draw a new agreement with the Japs where the co would be allowed to issue a bond locally to repay the loan in one lot or sell the loan to some merchant in Turkey.

What's your No No companies even if they are not quoted?

Go overdrive in purchasing the goods when there's blood on the streets, expecially if the blood is your own
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Wa_ithaka
#2 Posted : Thursday, July 15, 2010 10:30:57 AM
Rank: Veteran

Joined: 1/7/2010
Posts: 1,279
Location: nbi
None- every dog has its day
The Governor of Nyeri - 2017
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the deal
#3 Posted : Thursday, July 15, 2010 10:33:22 AM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Wa_ithaka wrote:
None- every dog has its day

Applause Applause Applause
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StatMeister
#4 Posted : Thursday, July 15, 2010 11:28:40 AM
Rank: Veteran

Joined: 5/23/2010
Posts: 868
Location: La Islas Galápagos
Surealligator wrote:



East African Portland Cement - That Japanese Yen denominated loan must have been accepted by a highly irrational board. Priority of current CEO would have been to mitigate against the loan or draw a new agreement with the Japs where the co would be allowed to issue a bond locally to repay the loan in one lot or sell the loan to some merchant in Turkey.

What's your No No companies even if they are not quoted?



the loan was taken in those days when the Kenya Shilling was a currency to avoid. + the jap yen became a BBBIIIIGGGG problem in Oct 2008 when the dollar took a nose dive and forex traders sought refuge in yen + euro.

My understanding is that loan cannot be renegoriated (they tried it about 3-4 years ago).

What i dont understand is THIS:
EAPC took a YEN loan to hedge KES
Now that the YEN is now a headache, WHY NOT JUST HEDGE IT.
A bad day fishing is better than a good day at work
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youcan'tstopusnow
#5 Posted : Thursday, July 15, 2010 11:34:20 AM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
I don't think we need to ask VVS which stocks he will avoid until the ceo dies. It's all about a man called Mera.....smile
GOD BLESS YOUR LIFE
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VituVingiSana
#6 Posted : Thursday, July 15, 2010 11:43:53 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,366
Location: Nairobi
youcan'tstopusnow wrote:
I don't think we need to ask VVS which stocks he will avoid until the ceo dies. It's all about a man called Mera.....smile
Somehow, I do not do well with 'M'
moi, merali, matu, mwakwere, matuga, mugabe (loss in Zimbabwe coz of his policies), museveni...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Cicero
#7 Posted : Thursday, July 15, 2010 11:49:20 AM
Rank: Member

Joined: 7/7/2009
Posts: 111
I guess that would be any company i dont have information on what they are up to currently (e.g. Kenya-Re and Olympia). In my view, the management of the two seems to be at best "lost" ...
Don't gamble; take all your savings and buy some good stock and hold it till it goes up, then sell it. If it don't go up, don't buy it...
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young
#8 Posted : Thursday, July 15, 2010 3:29:28 PM
Rank: Elder

Joined: 6/20/2007
Posts: 2,075
Location: Lagos, Nigeria

You should please wish that they retire or resign not dead ???
The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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StatMeister
#9 Posted : Thursday, July 15, 2010 4:33:21 PM
Rank: Veteran

Joined: 5/23/2010
Posts: 868
Location: La Islas Galápagos
young wrote:

You should please wish that they retire or resign not dead ???


many CEOs remain on the board after they retire / resign (e.g. NMG)
A bad day fishing is better than a good day at work
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youcan'tstopusnow
#10 Posted : Thursday, July 15, 2010 5:53:06 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
young wrote:

You should please wish that they retire or resign not dead ???

I agree.
GOD BLESS YOUR LIFE
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