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Olympia - AGM 2009
VituVingiSana
#1 Posted : Monday, September 21, 2009 11:24:00 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
Expect lots of kelele.
http://bankelele.blogspot.com/

Greedy when others are fearful,Very fearful when others are greedy - to paraphrase WB
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
mtaalam
#2 Posted : Tuesday, September 22, 2009 6:34:00 AM
Rank: Member

Joined: 11/2/2006
Posts: 519
The results they've posted in today's Daily Nation pg 6 look very suspect (personal opinion).

@VVS kazi kwenu share holders on 2nd Oct. Please post and let us know what's cutting after the AGM.

Bright and interesting people talk about ideas.
Those of average intelligence talk about things.
Stupid people talk about other people.
stonemimi
#3 Posted : Tuesday, September 22, 2009 7:01:00 AM
Rank: Member

Joined: 5/16/2009
Posts: 145
AGM postponed to plan how to conter kelele mingi.
Gordon Gekko
#4 Posted : Tuesday, September 22, 2009 7:16:00 AM
Rank: Elder

Joined: 5/27/2008
Posts: 3,760
Oh sit. I had planned to be off work the whole day,to do KQ AGM in the morning and Olympia Kafitho in the afternoon....
Mainat
#5 Posted : Tuesday, September 22, 2009 7:59:00 AM
Rank: Veteran

Joined: 11/21/2006
Posts: 1,590
What is the new date of the AGM? Where is the link to the postponement story?

www.mjengakenya.blogspot.com
Sehemu ndio nyumba
VituVingiSana
#6 Posted : Tuesday, September 22, 2009 11:34:00 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
@mainat: 2 Oct. Notice in the paper. Link kesho?

*** @GG - pole lakini LOL @ Olympia Kafitho

**** @stonemimi. Kweli. Lakini I doubt they will succeed!

***** @mtaalam Pray the results are really better. Please do not miss this AGM.

Greedy when others are fearful,Very fearful when others are greedy - to paraphrase WB
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Kaigangio
#7 Posted : Tuesday, September 22, 2009 3:10:00 PM
Rank: Elder

Joined: 2/27/2007
Posts: 2,768
i dont qualify for attendance here,but we might enjoy the show at the windows....

NEVER TALK OF A RHINO IF THERE IS NO TREE NEAREBY - ZULU PROVERB
...besides, the presence of a safe alone does not signify that there is money inside...
VituVingiSana
#8 Posted : Wednesday, September 23, 2009 9:44:00 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
If u are not a shareholder,get a proxy

Greedy when others are fearful,Very fearful when others are greedy - to paraphrase WB
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Mainat
#9 Posted : Thursday, September 24, 2009 6:16:00 AM
Rank: Veteran

Joined: 11/21/2006
Posts: 1,590
OC made Ks16m in the first half of this yr,which I believe is a get-out-of-jail card of some sort against any AGM noises.

www.mjengakenya.blogspot.com
Sehemu ndio nyumba
Kausha
#10 Posted : Monday, September 28, 2009 8:49:00 AM
Rank: Member

Joined: 2/8/2007
Posts: 808
Hakuna hiyo,
Board of Directors must get lots of grief from shareholders. I have been to a previous OCH AGM's and shareholders were asking very pedestrian questions (typical of kenyan AGM's) i guess its the same crowd that attends all kenyan listed company AGM's anyway.

We need a more informed participation this time...Top of the list is we need to have the current chair stepping down,he took our money and he can't account for much of it. My suspicion is that the CEO has pocketed the chair. The CEO has been making several blunders and the chair never reacts,you wonder what is his work. I think Dr. Obura's should step down and allow mr Simba to be the chair....

The company if indeed is a Private Equity company needs to look like one. From where I am seated this is a one man shop never mind its great potential. Also the board committees don't meet,i wonder how a private equity company can run without an investment committee meeting? They don't even have personel to manage the investments of the business,its all Michael Matu who i believe should relenquish the seat of CEO and remain as an ordinary director. The board must comit to put in place proper board and management structures like any other private equity company or else ship out.....I dont think matu has controlling interest in that business....alternatively we can vote to sell the assets and recover our money.
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