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Express Kenya HY15 loss
Pesa Nane
#11 Posted : Friday, December 11, 2015 10:32:36 PM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
mlennyma wrote:
ForSport2 wrote:

atleast he has faith in his crap,unlike naikuni & ciano


Nothing about faith here, grabaholics!
Pesa Nane plans to be shilingi when he grows up.
Pesa Nane
#12 Posted : Friday, December 11, 2015 10:34:09 PM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
mlennyma wrote:
ForSport2 wrote:

atleast he has faith in his crap,unlike naikuni & ciano


Nothing about faith here, grabaholics!
Pesa Nane plans to be shilingi when he grows up.
VituVingiSana
#13 Posted : Saturday, December 12, 2015 12:33:47 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
mlennyma wrote:
ForSport2 wrote:

atleast he has faith in his crap,unlike naikuni & ciano

Laughing out loudly Laughing out loudly Laughing out loudly Not quite. I think he 'lent' the firm money at crazy rates. The 'lent' is in parentheses because it reminds me of Michael Matu & his games at Olympia. He would borrow money from an Olympia subsidiary then lend money to Olympia. During the Rights Issue, he converted 'loans to Olympia' into shares in Olympia!

So MM borrowed from Olympia. Lent to Olympia. Then converted the loans to Olympia into shares in Olympia. He never repaid Olympia for the loans he took. Then there was the big scam in SA where MM owned the shares in the SA firms but funded by Olympia!

Are you confused?

Bottomline: Only MM (& family) benefitted. The same is/will happen to Express.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
sparkly
#14 Posted : Saturday, December 12, 2015 8:39:24 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
VituVingiSana wrote:
mlennyma wrote:
ForSport2 wrote:

atleast he has faith in his crap,unlike naikuni & ciano

Laughing out loudly Laughing out loudly Laughing out loudly Not quite. I think he 'lent' the firm money at crazy rates. The 'lent' is in parentheses because it reminds me of Michael Matu & his games at Olympia. He would borrow money from an Olympia subsidiary then lend money to Olympia. During the Rights Issue, he converted 'loans to Olympia' into shares in Olympia!

So MM borrowed from Olympia. Lent to Olympia. Then converted the loans to Olympia into shares in Olympia. He never repaid Olympia for the loans he took. Then there was the big scam in SA where MM owned the shares in the SA firms but funded by Olympia!

Are you confused?

Bottomline: Only MM (& family) benefitted. The same is/will happen to Express.


Serious governance issues in Express. Huyu Deniz is CEO, lender, investor, broker, director all rolled into one?

CMA has a lot of work to do to protect minority
Life is short. Live passionately.
enyands
#15 Posted : Saturday, December 12, 2015 8:49:34 AM
Rank: Elder

Joined: 12/25/2014
Posts: 2,301
Location: kenya
sparkly wrote:
VituVingiSana wrote:
mlennyma wrote:
ForSport2 wrote:

atleast he has faith in his crap,unlike naikuni & ciano

Laughing out loudly Laughing out loudly Laughing out loudly Not quite. I think he 'lent' the firm money at crazy rates. The 'lent' is in parentheses because it reminds me of Michael Matu & his games at Olympia. He would borrow money from an Olympia subsidiary then lend money to Olympia. During the Rights Issue, he converted 'loans to Olympia' into shares in Olympia!

So MM borrowed from Olympia. Lent to Olympia. Then converted the loans to Olympia into shares in Olympia. He never repaid Olympia for the loans he took. Then there was the big scam in SA where MM owned the shares in the SA firms but funded by Olympia!

Are you confused?

Bottomline: Only MM (& family) benefitted. The same is/will happen to Express.


Serious governance issues in Express. Huyu Deniz is CEO, lender, investor, broker, director all rolled into one?

CMA has a lot of work to do to protect minority


Shafting continues. ....
Angelica _ann
#16 Posted : Saturday, December 12, 2015 8:53:06 AM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
enyands wrote:
sparkly wrote:
VituVingiSana wrote:
mlennyma wrote:
ForSport2 wrote:

atleast he has faith in his crap,unlike naikuni & ciano

Laughing out loudly Laughing out loudly Laughing out loudly Not quite. I think he 'lent' the firm money at crazy rates. The 'lent' is in parentheses because it reminds me of Michael Matu & his games at Olympia. He would borrow money from an Olympia subsidiary then lend money to Olympia. During the Rights Issue, he converted 'loans to Olympia' into shares in Olympia!

So MM borrowed from Olympia. Lent to Olympia. Then converted the loans to Olympia into shares in Olympia. He never repaid Olympia for the loans he took. Then there was the big scam in SA where MM owned the shares in the SA firms but funded by Olympia!

Are you confused?

Bottomline: Only MM (& family) benefitted. The same is/will happen to Express.


Serious governance issues in Express. Huyu Deniz is CEO, lender, investor, broker, director all rolled into one?

CMA has a lot of work to do to protect minority


Shafting continues. ....

Our CMA will never act!!!
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
Spikes
#17 Posted : Saturday, December 12, 2015 9:02:56 AM
Rank: Elder

Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
I have a dream very soon CMA will act selectively against HAFR and ADSS to prove their sharp canines can bite. But counters with government presence(holding) will see their stocks traded as they are shielded and untouchable. Companies with government as an investor exposes Wanjiku to broader promiscuity of financial risks.
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
whiteowl
#18 Posted : Saturday, December 12, 2015 10:02:51 AM
Rank: Veteran

Joined: 4/16/2014
Posts: 1,420
Location: Bohemian Grove
Spikes wrote:
I have a dream very soon CMA will act selectively against HAFR and ADSS to prove their sharp canines can bite. But counters with government presence(holding) will see their stocks traded as they are shielded and untouchable. Companies with government as an investor exposes Wanjiku to broader promiscuity of financial risks.


Keep dreaming
Othelo
#19 Posted : Saturday, December 12, 2015 10:41:26 AM
Rank: User

Joined: 1/20/2014
Posts: 3,528
whiteowl wrote:
Spikes wrote:
I have a dream very soon CMA will act selectively against HAFR and ADSS to prove their sharp canines can bite. But counters with government presence(holding) will see their stocks traded as they are shielded and untouchable. Companies with government as an investor exposes Wanjiku to broader promiscuity of financial risks.


Keep dreaming

Which Kenya?????? You expect Muthaura to catch Muthaura smile
Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
murchr
#20 Posted : Monday, May 02, 2016 5:47:47 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
Logistics firm Express Kenya will spend Sh2 billion to construct the first phase of its housing project in Nairobi’s Industrial Area as its diversification into real estate finally starts.

http://www.businessdaily...68/-/3mfdyd/-/index.html
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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