Rank: Chief Joined: 1/3/2007 Posts: 18,349 Location: Nairobi
|
Gatheuzi wrote:Plimsoul wrote:Gatheuzi wrote:Plimsoul wrote:mkate_nusu wrote:Plimsoul wrote:Ericsson wrote:Full year 2015/2016 profits will be lower compared to previous year Why do you think that? someone preparing to siphon their loot for campaign money. GOK firms very fishy That didn't really happen in 2012/13 FY did it? Besides, despite all the headlines, the election cycle is really in the 2017/18 FY. Remember this is Arap hyena kingdom. Ubako was much strict. Fair point, different government, different appetite for corruption. Still, you could extend that argument to cover quite a few companies, including KCB where the board are (all?) political appointees. No? I tend to think KPLC, KENGEN, EAPC and NBK will be the first targets. Given that Mumias, KQ and Uchumi are already broke, there is little to salvage save for peanuts in bailouts that will eventually go to bigger holes. KCB will be raided more easily through bad loans. Again that is just my theory, but if history is anything to go by, we are closer than ever before to that point. People don't just change. Why these GoK controlled firms are not part of my portfolio.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
|