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VituVingiSana
#191 Posted : Friday, August 06, 2010 4:53:52 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
@gatheuzi - The conman merali gave Sameer Africa (listed) 25% of the project in exchnage for the land. We have no idea how much debt is on the property & how the other 75% was apportioned... IMHO, merali pulled a fast one on sameer africa (tyres) shareholders...

I am sure many banks would have lent to SA (tyres) to build the ICT centre & thus SA wud have retained 100% ownership...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Gatheuzi
#192 Posted : Friday, August 06, 2010 5:04:14 PM
Rank: Veteran

Joined: 8/16/2009
Posts: 994
VituVingiSana wrote:
@gatheuzi - The conman merali gave Sameer Africa (listed) 25% of the project in exchnage for the land. We have no idea how much debt is on the property & how the other 75% was apportioned... IMHO, merali pulled a fast one on sameer africa (tyres) shareholders...

I am sure many banks would have lent to SA (tyres) to build the ICT centre & thus SA wud have retained 100% ownership...


Thanks @vvs,

You have given me another reason I shouldn't invest with the merali guy.
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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PKoli
#193 Posted : Friday, August 06, 2010 5:07:54 PM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
Any quick overview of next week's prognosis. Are we likely to see the bullish market or profit taking
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qw25041985
#194 Posted : Friday, August 06, 2010 5:37:36 PM
Rank: User

Joined: 5/9/2010
Posts: 1,418
Location: Nai
I expect the correctiön to continue well into the coming week. I'd be absurd to say a correction cn last a day. Basd on moving averages I am seeimg KQ hitting 47.00 . Mumias cld also hittin 13.50 , thereof.
Your future depends on your dreams so go to sleep !
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youcan'tstopusnow
#195 Posted : Friday, August 06, 2010 5:39:20 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
PKoli wrote:
Any quick overview of next week's prognosis. Are we likely to see the bullish market or profit taking

Depends on which counters you look at. CO-OP, MUMIAS might be sluggish seeing as they rallied the most this past week. Next week might be UNGA's 'make or break' week
GOD BLESS YOUR LIFE
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PKoli
#196 Posted : Friday, August 06, 2010 6:00:19 PM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
youcan'tstopusnow wrote:
PKoli wrote:
Any quick overview of next week's prognosis. Are we likely to see the bullish market or profit taking

Depends on which counters you look at. CO-OP, MUMIAS might be sluggish seeing as they rallied the most this past week. Next week might be UNGA's 'make or break' week


I could see huge supply for MSC today. May be on the industrials, people will wait for annual results to start coming before they take positions
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Wa_ithaka
#197 Posted : Friday, August 06, 2010 6:08:07 PM
Rank: Veteran

Joined: 1/7/2010
Posts: 1,279
Location: nbi
Unga's crucial period will be beginning of next month. Say no more
The Governor of Nyeri - 2017
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youcan'tstopusnow
#198 Posted : Friday, August 06, 2010 6:21:54 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Waithaka, I just have to say more. With it hitting new high levels, it is important to note the direction the stock will go from there
GOD BLESS YOUR LIFE
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youcan'tstopusnow
#199 Posted : Friday, August 06, 2010 6:26:22 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
sparkly, seems like NIC got stuck at 45 today. Still a good buy though
GOD BLESS YOUR LIFE
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sparkly
#200 Posted : Friday, August 06, 2010 7:34:49 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
youcan'tstopusnow wrote:
sparkly, seems like NIC got stuck at 45 today. Still a good buy though

12% gain in a week... not bad at all, but more important is that it broke the 40 bob resistance.
Life is short. Live passionately.
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