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streetwise
#71 Posted : Friday, September 09, 2016 8:57:12 AM
Rank: Veteran

Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
I agree that story is bull. The share have a name and address to them , are they saying they tried to trace the owners and they could not find them including placing and advert in the media ?.

Very strange behaviour indeed ...meaning if don't visit your shamba for three years , it is unclaimed.

What nonsense must we be made to read
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Angelica _ann
#72 Posted : Friday, September 09, 2016 9:25:29 AM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
meaning the UFAA now has a 7.7 per cent stake in the company which makes it the third largest shareholder behind Mr Kirubi

The story is centered on DJCK. Otherwise it should have read behind (whoever is no. 1) and Kirubi!

How come this taking of shares to UFAA is unique Centum out of all the listed companies at NSE? We have not heard of it from any other listed company?
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Wamunyota
#73 Posted : Friday, September 09, 2016 9:46:16 AM
Rank: Veteran

Joined: 6/23/2014
Posts: 1,652
murchr wrote:
Angelica _ann wrote:
murchr wrote:
Magnate wrote:
In other news,

Centum, has in the meanwhile surrendered 51 million shares worth an estimated Sh1.9 billion at current trading price of Sh38.50 per share to the Unclaimed Financial Assets Authority (UFAA)

meaning the UFAA now has a 7.7 per cent stake in the company which makes it the third largest shareholder behind Mr Kirubi

UFAA is required by law to sell the shares within a year
http://www.businessdaily...em-0-dise6pz/index.html


Alot of assumptions, how do they know that the rightful owners will not claim their assets? Too many assumptions in this article

How did they know the shares are unclaimed .... dividends i understand but shares how????


Come to think of it, how can shares be unclaimed? Bonuses, buyout, ama? Laughing out loudly Hii gazetti is turning out to be another piece of kufunga nyama.

The shares of those old gikuyu wazees who never their their wives and family where they have put their money and then they go to makueniPray Pray
Hutia Mundu!!
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Angelica _ann
#74 Posted : Friday, September 09, 2016 10:36:37 AM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
Plant the news is working smile
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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obiero
#75 Posted : Friday, September 09, 2016 11:19:54 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,217
Location: nairobi
Angelica _ann wrote:
Plant the news is working smile

It is for Centum. While for KQ it's working against.. Good media relations are key in Africa for listed stock

KQ ABP 4.26
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Ericsson
#76 Posted : Friday, September 09, 2016 11:49:37 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
This is a temporary bull as investors look for money to buy into GoK Treasury bills and bonds.
The period september to december is usually of high activity in terms of govt borrowing and loan repayments
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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VituVingiSana
#77 Posted : Friday, September 09, 2016 12:55:58 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
obiero wrote:
Angelica _ann wrote:
Plant the news is working smile

It is for Centum. While for KQ it's working against.. Good media relations are key in Africa for listed stock

For all the "negatives" against Centum, they are not in Negative Equity territory! Plus the managers [Mworia] has a large stake in it. As does Kirubi. Can Ngunze say the same? Or he gets paid monthly like Naikuni did come rain or shine?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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VituVingiSana
#78 Posted : Friday, September 09, 2016 12:57:32 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
Ericsson wrote:
This is a temporary bull as investors look for money to buy into GoK Treasury bills and bonds.
The period september to december is usually of high activity in terms of govt borrowing and loan repayments

That doesn't make sense. If folks are buying T-Bills [money into T-Bills] then why the Bull? Folks can't buy T-Bills and Stocks at the same time using the same money!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Ericsson
#79 Posted : Friday, September 09, 2016 1:16:25 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
@VVS
Pump and dump.
T-bill and bonds will be issued later on;they are not running concurrently.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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mlennyma
#80 Posted : Friday, September 09, 2016 1:52:01 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
The volume trading on this gain is insignificant to conclude anything
"Don't let the fear of losing be greater than the excitement of winning."
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