Tuesday, January 29, 2013

Merali - and his 'partners' aka Suckers!

Has anyone who partnered with naushad merali ever made a decent return?

"Merali cuts KDN stake as South African firm exits" [Click on the Link]

This reminds me of the sale of shares in Kencell to Celtel... and a further sale of shares to Zain then to Airtel.

Not to forget the prior 'deals' when he off-loaded 'Firestone EA' (now Sameer Africa) shares at KES 35.50 to an unsuspecting public. He had bought these from ICDC at KES 5 [it was in the Information Memorandum].

Then there was Eveready aka Neveready at KES 9.50 & which trades between KES 1-2 nowadays.

Did I mention Sasini?

46 comments:

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Godfather II quote by Johnny Ola "Hyman Roth always makes money for his partners. One by one, our old friends are gone. Death, natural or not, prison, deported. Hyman Roth is the only one left, because he always made money for his partners. "

pesa tu said...

@coldtusker: the newbies in the market are unable to remember the furore around the Firestone IPO.
Merali has always used pre-emption rights to his advantage- That's legal.

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