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what is going on with Olympia Capital?
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mBiaLoss
#1 Posted : Thursday, June 24, 2010 7:54:10 AM
Rank: New-farer

Joined: 6/23/2010
Posts: 52
Location: Majuu
I have been increasing my holding on OCH. I buy everytime it gets below 8, do wazuans think it will go past 11 when I plan on selling?
As an investor I behave like a tick, patiently waiting on grass and larch onto the first cow that shows up. As an investor I dont behave like a tick...I jump off the the cow as soon as am fully engorged before it dies...
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sparkly
#2 Posted : Thursday, June 24, 2010 8:59:06 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Very risky stock. Pump in the cash at your own risk. Yet again you might be rewarded in a big way.
Life is short. Live passionately.
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VituVingiSana
#3 Posted : Thursday, June 24, 2010 9:54:16 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
I got into it too... I hope the construction in S.Africa boosts its profits for 2010-11.

I am not sure how much of the loss is still carried forward from the debacle of the S.African acquisitions...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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youcan'tstopusnow
#4 Posted : Thursday, June 24, 2010 10:15:24 AM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
There was a time it was at 10.75/=
GOD BLESS YOUR LIFE
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VituVingiSana
#5 Posted : Thursday, June 24, 2010 11:14:37 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
Rights were at 14/- & now price is 8/- after 2-3 years...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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slykat
#6 Posted : Thursday, June 24, 2010 12:51:17 PM
Rank: Member

Joined: 2/20/2007
Posts: 359
@VVS

Am beginning to worry some companies issue rights when their expansion strategy goes awry leaving them cashless. Sometimes it may pay to be "ungreedy" when others are fearful.
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VituVingiSana
#7 Posted : Thursday, June 24, 2010 6:48:25 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
We will find out Monday... I took a risk. I wonder if it will pay off...

All this construction wherever you look in Nairobi, Thika, Mombasa... surely they can sell tiles???

Also they have some good real estate... I hope the values or rents have increased substantially...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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  | | Edit by user: Thursday, June 24, 2010 6:49 PM | Reason: Not specified
minto64
#8 Posted : Thursday, June 24, 2010 11:49:32 PM
Rank: Member

Joined: 8/17/2008
Posts: 7
Location: Texas
@ vvs interesting stock pick to speculate on. Didnt think you would invest in them after your blog posts in 2008 and 2009...... no hating its all about "being greedy when others are fearful."

I don't trust Matu just like you don't trust Merali. I hope he proves me wrong.

Actualized my loss in September 09 and have never looked back. This bus has many issues, over the last 3 years esp after their rights issue it keeps breaking down...aka PLush and misconceived investment expansion in their Industrial area plant. May be their divesture into a p.e will reflect some positives on their books. I
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VituVingiSana
#9 Posted : Friday, June 25, 2010 2:12:20 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
@minto64 - Not one of my finest moments... I just hope I can get out break-even or better... I was being greedy when others were fearful... LOL... Even WB doesn't win every time...

Yes, I hope they have good gains in the Real Estate portfolio... Only redeeming feature!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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  | | Edit by user: Friday, June 25, 2010 2:13 AM | Reason: Not specified
youcan'tstopusnow
#10 Posted : Wednesday, June 30, 2010 9:04:17 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
VituVingiSana wrote:
We will find out Monday... I took a risk. I wonder if it will pay off...

All this construction wherever you look in Nairobi, Thika, Mombasa... surely they can sell tiles???

Also they have some good real estate... I hope the values or rents have increased substantially...

Did they announce their results already? I didn't see them
GOD BLESS YOUR LIFE
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