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Why doing business with Meralli is tough business!
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sparkly
#1 Posted : Monday, April 19, 2010 12:50:31 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Merali’s swift exit from Zain earns him billions

Naushad Merali reaps Sh4 billion from sale of 15 per cent shareholding just in time before a revaluation impairs it.

Businessman Naushad Merali’s decision to significantly reduce his stake in telecoms firm Zain Kenya last year was yet another of the many sumptuous investment hat tricks he has pulled among local an d foreign business partners in the past 10 years, it has now emerged.

Shortly after Mr Merali’s stealth exit, Zain Kenya, the telecoms service provider which is now 95 per cent owned by Kuwait-based Zain Group, became the subject of a major asset impairment that cut back the firm’s valuation by more than Sh5 billion...Business Daily
Life is short. Live passionately.
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guru267
#2 Posted : Monday, April 19, 2010 1:01:14 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
i think this jamaa sees a mganga or he owns a crystal ball.... first uchumi then this... d'oh!
Mark 12:29
Deuteronomy 4:16
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VituVingiSana
#3 Posted : Monday, April 19, 2010 1:34:29 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
Lakini... bottomline... he is a crook
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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2012
#4 Posted : Monday, April 19, 2010 2:15:35 PM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
guru267 wrote:
i think this jamaa sees a mganga or he owns a crystal ball.... first uchumi then this... d'oh!


I think so too! From Kencell to Celtel to Zain he's made serious profits despite the companies' humongous losses!

@vvs, I ask again - huyu mtu alikufanya nini/lini?

BBI will solve it :)
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guru267
#5 Posted : Monday, April 19, 2010 2:22:09 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
2012 wrote:
@vvs, I ask again - huyu mtu alikufanya nini/lini?


maybe @VVS happened to buy sameer shares at 40bob when it had that two week jump a couple of years back... no offence @VVS
Mark 12:29
Deuteronomy 4:16
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cnn
#6 Posted : Monday, April 19, 2010 2:26:02 PM
Rank: Veteran

Joined: 6/17/2009
Posts: 1,627
@2012, i also think VVS must have a personal one with merali.I took a gamble with sasini and sameer and the returns were superb when i offloaded sasini.I still hold sameer purchased cheaply.
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Allank
#7 Posted : Monday, April 19, 2010 3:50:06 PM
Rank: Member

Joined: 9/13/2006
Posts: 70
Yap...you can never go wrong with a merali. I also reaped!!! alot from sameer.By the way i read that Naushad has already bagged 2B for gvt use of sameer park even before completion! LOL! talk about our own Warren Buffet
Kama kuoga ni usafi taulo lachafukani?
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2012
#8 Posted : Monday, April 19, 2010 3:56:26 PM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
Allank wrote:
By the way i read that Naushad has already bagged 2B for gvt use of sameer park even before completion!


The Govt? For what purpose?

BBI will solve it :)
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Intelligentsia
#9 Posted : Monday, April 19, 2010 4:34:38 PM
Rank: Elder

Joined: 10/1/2009
Posts: 2,436
but this guy fronts for you-know-who
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Gatheuzi
#10 Posted : Monday, April 19, 2010 4:46:16 PM
Rank: Veteran

Joined: 8/16/2009
Posts: 994
But still 2bn sounds crazy unless we get more facts like how many month's rent this is and how it is payable.

If upfront, then he will recoup a very substantial if not the entire cost of the project!!

@guru I remember the time sameer shares soured but this was actually due to the fact that some people believed or were made to believe that Sameer Africa was part of Sameer ICT - too bad.

Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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