Home SK - Stocks, Property, Investment Chamas - Investment Groups BIZ - Small Business Soko - Market Wazua Life About Wazua
SIGN IN REGISTER
Wednesday, May 27, 2020
Investor
We’re investing funds for profit. Join us and wazua!
LATEST DISCUSSIONS
Kenya Airways...why ignore.. [14789]
KCB buy buy buy [1158]
Equity Bank 2020 [27]
Portfolio Balancing: Avoid Over Exposure To Financ... [337]
KenGen HY 2019 [483]
411 on dividend and AGM [821]
Brokarage fees. [19]
Why dustbowl is the future [440]
Stanlib Fahari FY18 [79]
Online NSE stock trading [113]
Equity Bank 2019 [41]
NMG FY 2018 and Beyond [94]
How to tell NSE has bottomed out [5594]
The power of financial education [599]
Kenya Economy Watch [2518]
 
Forum Jump








Welcome Guest Search | Active Topics | Log In | Register

7 Pages«<567
Eye on I&M ...
Ericsson
#121 Posted : Thursday, November 28, 2019 4:59:51 PM
Rank: Elder


Joined: 12/4/2009
Posts: 8,377
Location: NAIROBI
I&M Q3 PBT breakdown
Kenya--ksh.7.734bn
Tanzania--ksh.232.196mn
Rwanda--ksh.737.26mn
Mauritius--ksh.604.128mn
Uganda--(1.014)mn
sparkly
#122 Posted : Thursday, November 28, 2019 6:09:19 PM
Rank: Elder


Joined: 9/23/2009
Posts: 7,710
Location: Enk are Nyirobi
Ericsson wrote:
I&M Q3 PBT breakdown
Kenya--ksh.7.734bn
Tanzania--ksh.232.196mn
Rwanda--ksh.737.26mn
Mauritius--ksh.604.128mn
Uganda--(1.014)mn


Consolidated EPS?
Life is short. Live passionately.
VituVingiSana
#123 Posted : Thursday, November 28, 2019 6:56:36 PM
Rank: Chief


Joined: 1/3/2007
Posts: 16,963
Location: Nairobi
sparkly wrote:
Ericsson wrote:
I&M Q3 PBT breakdown
Kenya--ksh.7.734bn
Tanzania--ksh.232.196mn
Rwanda--ksh.737.26mn
Mauritius--ksh.604.128mn
Uganda--(1.014)mn


Consolidated EPS?

15.24 has been shown but divide by 2 to adjust for the split.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#124 Posted : Thursday, January 16, 2020 7:54:28 PM
Rank: Elder


Joined: 12/4/2009
Posts: 8,377
Location: NAIROBI
I&M has put General Plastics under administration due to debt owed
FUNKY
#125 Posted : Thursday, January 16, 2020 8:15:46 PM
Rank: Veteran


Joined: 4/30/2010
Posts: 1,602
Ericsson wrote:
I&M has put General Plastics under administration due to debt owed


How much is the debt?
Angelica _ann
#126 Posted : Thursday, January 16, 2020 8:36:50 PM
Rank: Elder


Joined: 12/7/2012
Posts: 11,455
FUNKY wrote:
Ericsson wrote:
I&M has put General Plastics under administration due to debt owed


How much is the debt?


In Kenya, Administration is basically /generally killing the 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
FUNKY
#127 Posted : Thursday, January 16, 2020 9:03:24 PM
Rank: Veteran


Joined: 4/30/2010
Posts: 1,602
Angelica _ann wrote:
FUNKY wrote:
Ericsson wrote:
I&M has put General Plastics under administration due to debt owed


How much is the debt?


In Kenya, Administration is basically /generally killing the company.


Not always...look at the case of ARM they managed to revive it
Angelica _ann
#128 Posted : Thursday, January 16, 2020 9:51:22 PM
Rank: Elder


Joined: 12/7/2012
Posts: 11,455
FUNKY wrote:
Angelica _ann wrote:
FUNKY wrote:
Ericsson wrote:
I&M has put General Plastics under administration due to debt owed


How much is the debt?


In Kenya, Administration is basically /generally killing the company.


Not always...look at the case of ARM they managed to revive it


What, you are joking. Ni hayo tu, from a burnt speculator to recognition.
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
Ericsson
#129 Posted : Thursday, January 16, 2020 11:12:16 PM
Rank: Elder


Joined: 12/4/2009
Posts: 8,377
Location: NAIROBI
I&M is auctioning Suraya's lavington development
Monk
#130 Posted : Friday, January 17, 2020 7:10:35 AM
Rank: Member


Joined: 7/1/2009
Posts: 158
FUNKY wrote:
Angelica _ann wrote:
FUNKY wrote:
Ericsson wrote:
I&M has put General Plastics under administration due to debt owed


How much is the debt?


In Kenya, Administration is basically /generally killing the company.


Not always...look at the case of ARM they managed to revive it


ARM revived? Really? If you had shares in it, you would know that it's no more. We had to write them off.
Receptor
#131 Posted : Friday, January 17, 2020 8:14:11 AM
Rank: New-farer


Joined: 7/1/2019
Posts: 47
FUNKY wrote:
Angelica _ann wrote:
FUNKY wrote:
Ericsson wrote:
I&M has put General Plastics under administration due to debt owed


How much is the debt?


In Kenya, Administration is basically /generally killing the company.


Not always...look at the case of ARM they managed to revive it


You are joking right? There is also the curious case of Deacons East Africa.
KulaRaha
#132 Posted : Friday, January 17, 2020 8:46:26 AM
Rank: Elder


Joined: 7/26/2007
Posts: 6,467
Ericsson wrote:
I&M has put General Plastics under administration due to debt owed


As received:

What happened GP sold their company to a private equity based out of South Africa called Phasita.

Phasita overleveraged, changed suppliers and started making drastic changes like cash upfront, no credit.. etc and destroyed relations with existing customers which drove the business to their knees.

The family bought out Phasita at a premium with a bank loan in order to start the revival plans.

Now the company was put in administration when one of the suppliers who is conveniently also a South African company called Protea Chemicals filed a notice of wind up of GP after a failure to settle a $180,000 outstanding.

Protea Chemicals got a court order for wind up and the bank, PV RAO and family put the company in administration to protect it.
Business opportunities are like buses,there's always another one coming
McGill
#133 Posted : Friday, January 17, 2020 9:02:19 AM
Rank: New-farer


Joined: 8/1/2019
Posts: 22
KulaRaha wrote:
Ericsson wrote:
I&M has put General Plastics under administration due to debt owed


As received:

What happened GP sold their company to a private equity based out of South Africa called Phasita.

Phasita overleveraged, changed suppliers and started making drastic changes like cash upfront, no credit.. etc and destroyed relations with existing customers which drove the business to their knees.

The family bought out Phasita at a premium with a bank loan in order to start the revival plans.

Now the company was put in administration when one of the suppliers who is conveniently also a South African company called Protea Chemicals filed a notice of wind up of GP after a failure to settle a $180,000 outstanding.

Protea Chemicals got a court order for wind up and the bank, PV RAO and family put the company in administration to protect it.


I hear GP and what comes to mind is worst customer service. Ata simu kushika ni shida and the sales people belittling small buyers. I hope they clear their issues though.
Swenani
#134 Posted : Friday, January 17, 2020 9:15:40 AM
Rank: User


Joined: 8/15/2013
Posts: 13,112
Location: Vacuum
McGill wrote:
KulaRaha wrote:
Ericsson wrote:
I&M has put General Plastics under administration due to debt owed


As received:

What happened GP sold their company to a private equity based out of South Africa called Phasita.

Phasita overleveraged, changed suppliers and started making drastic changes like cash upfront, no credit.. etc and destroyed relations with existing customers which drove the business to their knees.

The family bought out Phasita at a premium with a bank loan in order to start the revival plans.

Now the company was put in administration when one of the suppliers who is conveniently also a South African company called Protea Chemicals filed a notice of wind up of GP after a failure to settle a $180,000 outstanding.

Protea Chemicals got a court order for wind up and the bank, PV RAO and family put the company in administration to protect it.


I hear GP and what comes to mind is worst customer service. Ata simu kushika ni shida and the sales people belittling small buyers. I hope they clear their issues though.


Belitting small buyers yet they can't clear a loan of $180,000
If Obiero did it, Who Am I?
VituVingiSana
#135 Posted : Friday, January 17, 2020 10:37:49 AM
Rank: Chief


Joined: 1/3/2007
Posts: 16,963
Location: Nairobi
FUNKY wrote:
Angelica _ann wrote:
FUNKY wrote:
Ericsson wrote:
I&M has put General Plastics under administration due to debt owed


How much is the debt?


In Kenya, Administration is basically /generally killing the company.


Not always...look at the case of ARM they managed to revive it
d'oh! Shame on you Liar Laughing out loudly Not in the least. It was chopped and sold/auctioned.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
VituVingiSana
#136 Posted : Friday, January 17, 2020 10:39:50 AM
Rank: Chief


Joined: 1/3/2007
Posts: 16,963
Location: Nairobi
Swenani wrote:
McGill wrote:
KulaRaha wrote:
Ericsson wrote:
I&M has put General Plastics under administration due to debt owed


As received:

What happened GP sold their company to a private equity based out of South Africa called Phasita.

Phasita overleveraged, changed suppliers and started making drastic changes like cash upfront, no credit.. etc and destroyed relations with existing customers which drove the business to their knees.

The family bought out Phasita at a premium with a bank loan in order to start the revival plans.

Now the company was put in administration when one of the suppliers who is conveniently also a South African company called Protea Chemicals filed a notice of wind up of GP after a failure to settle a $180,000 outstanding.

Protea Chemicals got a court order for wind up and the bank, PV RAO and family put the company in administration to protect it.


I hear GP and what comes to mind is worst customer service. Ata simu kushika ni shida and the sales people belittling small buyers. I hope they clear their issues though.


Belitting small buyers yet they can't clear a loan of $180,000
One wonders if the amount owed is even legit given it seems it was Phasita who incurred it. Crazy that this can happen for $180,000!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Users browsing this topic
Guest
7 Pages«<567
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Home | . .. Investor | .. . Groups | .. . SME | . . . Market | .. . Club SK | . ..... About Wazua | . .. Search | . ..Sitemap | . ..Support | . ..Disclaimer | . ..Privacy Policy | . ..Terms of Use | . .. Contact Us
Copyright © 2020 Wazua.co.ke. All Rights Reserved.