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marshalls peugeot
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FUNKY
#11 Posted : Wednesday, July 27, 2011 11:51:57 AM
Rank: Veteran

Joined: 4/30/2010
Posts: 1,635
@ accelriskconsult - Just for your knowledge i have been in the market for around 7 years now and i have also made money by investing in stocks like this but also you need to be wise to come out at the right time.
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Frangipani
#12 Posted : Wednesday, July 27, 2011 11:59:24 AM
Rank: New-farer

Joined: 3/14/2011
Posts: 31
Location: Nairobi
My fellow Kenyans, are we not perpetuating impunity when we invest in companies owned by unsavoury characters whose involvement in grand corruption is a matter of public knowledge? What does that say about our own ethical standards? These are the same characters who have impoverished this country through theft of public finds and you as the younger generation will be paying for it for the rest of your lives. Just a thought...
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accelriskconsult
#13 Posted : Wednesday, July 27, 2011 12:21:58 PM
Rank: Member

Joined: 4/2/2011
Posts: 629
Location: Nai
FUNKY wrote:
@ accelriskconsult - Just for your knowledge i have been in the market for around 7 years now and i have also made money by investing in stocks like this but also you need to be wise to come out at the right time.


Touche'

I know that some Wazuans specialise on distressed stocks and that some are contrarian investors.


Marshalls is a special case that I would not advise anyone to invest in. But one man's meat is another man's poison so I will wish you all the best.
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2012
#14 Posted : Wednesday, July 27, 2011 12:29:59 PM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
Marshalls lost the peugeot franchise. Or they got it back?

BBI will solve it :)
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VituVingiSana
#15 Posted : Wednesday, July 27, 2011 2:19:27 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
pattni is a crook but Marshalls [if it is not stripped of assets] has some great assets. Look at the prime piece on Koinange Street. Worth many millions!

Or the land in Changamwe but again invest with caution. Not for the faint-hearted. It is quite illiquid as well.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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FUNKY
#16 Posted : Wednesday, July 27, 2011 2:34:11 PM
Rank: Veteran

Joined: 4/30/2010
Posts: 1,635
Marshalls no longer have the Peugeot franchise as far as i know.
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VituVingiSana
#17 Posted : Wednesday, July 27, 2011 2:38:51 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
Marshalls let go of Peugeot about 2 years ago coz the cars were pricey [when Euro had jumped to 1.6 to US$] & could not compete with the Japanese & Koreans.

Marshalls has Kia (not Hyundai), Tata (as a distributor) & Foton (Chinese)
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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FUNKY
#18 Posted : Wednesday, July 27, 2011 2:46:01 PM
Rank: Veteran

Joined: 4/30/2010
Posts: 1,635
@ Vituvingisana- Foton is really doing well. I can see many Foton trucks on the road. If i am not wrong they are not the ones who let go off the frnachise,it is Peugeot themselves who decided to terminate the contract since they were not selling enough.
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  | | Edit by user: Wednesday, July 27, 2011 2:47 PM | Reason: Not specified
VituVingiSana
#19 Posted : Wednesday, July 27, 2011 2:59:56 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
Oops! Maybe I made a mistake about Foton. I need to check who has Foton's franchise.

I know Marshalls signed an agreement with a chinese firm to be the distributor. No idea where they are headed.

Like I said, you need a thick skin to invest in Marshalls!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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FUNKY
#20 Posted : Wednesday, July 27, 2011 3:01:29 PM
Rank: Veteran

Joined: 4/30/2010
Posts: 1,635
@ VituVingiSana - I am wondering how come CMC motors share price is trading below Marshalls?
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