tag:blogger.com,1999:blog-9317825.post113315625054922075..comments2023-10-30T15:29:59.720+03:00Comments on Bankelele: Career guidebankelelehttp://www.blogger.com/profile/01180926084939364063noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-9317825.post-1133222387955237132005-11-29T02:59:00.000+03:002005-11-29T02:59:00.000+03:00I am working on a list of numerous gaffes the PATH...I am working on a list of numerous gaffes the PATHETIC Kenyab business writers routinely make!<BR/><BR/>They do not check their sources or proof the article and mislead the public! <BR/><BR/>In Nov 29 2005's Standard, Bryan Mbugua, on page 23 (print eidtion only)mentions that EABL had a 10:1 stock split. Tell the idiot to do his research coz KENOL had a 10:1 split! EABL had a 5:1 stock split after issuing a 1:5 bonus.<BR/><BR/>My claim to fame was when Nation misrepresented the sale of the controlling interest in Williamson's tea plantations in India.<BR/><BR/>The fool aka author reported that the MD of Williamson (UK) made a public announcement that the controlling interest in Williamson Tea(Kenya) was being sold...<BR/><BR/>So I shot an e-mail to Williamson (K) Company Secretary to enquire & lo & behold there was a tinny winny retraction by Nation in 2 days!<BR/><BR/>Here is my e-mail to Wachira (Williamson Kenya's Co. Sec)<BR/><BR/>"Dear Mr. Wachira,<BR/><BR/>Per the article on page 27 in the Nation (June 8 2005) headlined "Tea<BR/>Firm Sells Kenya Shares for Sh2.9bn", the indication is that the controlling interest in Williamson Tea Kenya has been "taken over or bought out" by the B.M. Khaitan Group.<BR/><BR/>Please send me the official announcement of this sale/change in<BR/>majority ownership & how it affects the minority shareholders.<BR/><BR/>Please indicate whether the minority shareholders will have the<BR/>opportunity to sell their shares at the same premium to B.M. Khaitan<BR/>Group.<BR/><BR/>Thank you."<BR/><BR/>So Mr. Wachira e-mails me back...<BR/><BR/>"Thanks for the enquiry.<BR/><BR/>The said sale does not relate to the Williamson Tea Kenya companies as incorrectly reported in the press.<BR/><BR/>Thank you.<BR/><BR/>Wachira M M"<BR/><BR/>Nation would not respond to my enquiries so I had to go thru Wachira of WTK...<BR/><BR/>"Mr. Wachira,<BR/> <BR/>Thank you for your response.<BR/> <BR/>I tried to e-mail Nation editor but the e-mail address they have on their website is not valid which as a side note does not surprise me. I do not know what remedies there are when such a "respected" newspaper makes such egregious errors! Did anyone from their offices even bother to contact WTK to verify the story? <BR/> <BR/>Nevertheless, if Williamson Tea Kenya is anticipating a similar "change of controlling interest" I as a minority shareholder would like to me informed immediately as well be offered the ability to cash out at a premium previously solely given to the majority. OR as an alternate allow existing shareholders buy WTK shares from the Holding company. <BR/> <BR/>I would suggest you contact the Nation & have them run a correction.<BR/> <BR/>Thank you."<BR/><BR/>Then my (anon) 15 mins of fame... when Wachira did contact Nation who ran the tinny winny correction!<BR/><BR/>"Thank you.<BR/> <BR/>Please refer to todays Nation which has a correction on the same story. <BR/> <BR/>Regards"<BR/><BR/>BTW, this idiocy is an ongoing matter... How can profits "fall" 10 fold?<BR/><BR/>Back to EABL-KENOL-Share Splits... so then he says the value of each share fell 10 time from 500 to 50/-. How does the value fall 10 times? Where did he learn his Math & English? The price would have fallen 90% not "10 times"...<BR/><BR/>Anyway... I promise to share more of this idiocy at these 2 blogs<BR/><BR/>http://www.coldtusker.blogspot.com/<BR/>http://www.vituvingisana.blogspot.com/Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9317825.post-1133191395900580532005-11-28T18:23:00.000+03:002005-11-28T18:23:00.000+03:00Mentalacrobatics: I think all private companies ar...Mentalacrobatics: I think all private companies are looking to increase sales teams as the landscape is so competitive these days. <BR/><BR/>Msanii_xl: EAPC has now run advertisements contradicting elements of the story and saying that the supplier is an established, viable, and repurtable entiyy.bankelelehttps://www.blogger.com/profile/01180926084939364063noreply@blogger.comtag:blogger.com,1999:blog-9317825.post-1133190183161853172005-11-28T18:03:00.000+03:002005-11-28T18:03:00.000+03:00Have these people every though of having a face to...Have these people every though of having a face to face meeting before commiting such huge amounts of money?<BR/><BR/>madness i sayAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-9317825.post-1133159685858160602005-11-28T09:34:00.000+03:002005-11-28T09:34:00.000+03:00150 million down the drain to ome company they fou...150 million down the drain to ome company they found on google? Madness! <BR/><BR/>BTW, Which area of sales do you think is hot?Anonymousnoreply@blogger.com