[kictanet] Discipline & Ethics - Re: Legislation and Regulationfore-Commerce in Ken

[waudo siganga]

Hey Bill - I have to agree with everything you say in this mail.
Brilliant stuff! Kenyans need to be promoted into all sorts of
leadership positions. Secondly, the meeting being called is a
good idea but it must be by and  for KENYANS. We got to start
believing in ourselves. If this meeting is organized with
participation of all and with the small matter of involving only
KENYANS taken into account, then I will definitely attend. I also
agree with Bw. Manthi that Flo, though being the nice personality
she is, should not chair the meeting as there are many qualified
KENYANS.

About the other mail promoting me to the honourable position of
goat herder I have to disappoint you since I have been
goat-herding for a number of years now. Everyone who knows me
well knows that whenever I get a chance I am always upcountry in
Mukangu village, Kakamega. This in addition to my other work as
WITSA Director and Vice President (feel free to call me Mr Vice
President), still serving my term on ICANN Nom-Com, on the Board
of IFIP, Co-Chair of WITFOR busy preparing the next meeting in
Vietnam 2009, Board Member at the ICC BASIS in Paris, etc. In
WITSA I have to serve until after the 2012 World IT Congress in
Canada - and that is renewable! You see, rearing goats does not
exclude one from being busy. We need to meet over tea Bill,
preferably in the village.

Long live KENYA,
Waudo


On Mon, 14 Jul 2008 20:36:45 +0300, "Bill Kagai" <billkagai at gmail.com> sa
id:

  On Mon, Jul 14, 2008 at 7:57 PM, <[1]alkags at alkags.com> wrote:

  I wonder if protectionist policies would enhance our global
  competitiveness as a country in the larger scheme of things?

Alkags,
I have written too much (today), but kindly indulge me with this
one last post I could not resist because it harbours on what I do
for a living - information vending ;-)
You know about Unilver Tea. Basic stats look like this...and
another reason why you should subscribe to MediaCorp services

NSE Sector

Agricultural



Company

Unilever Tea



Code

UNLV



Year Of

1925



Year of Listing

1972



Issued Shares

48,875,000.00



Share Float

11







All Time Low

36.00



All Time High

130.00



Market Capitalisation (Million)

2.26B



Par Value












Top 10 Shareholders

Name

%

Shareholder1

Brooke Bond Group Ltd. -

88.23

Shareholder2

Board of Trustees Of NSSF

2.94


Shareholder3

KCB Staff Pension

0.52


Shareholder4

UAP Provincial Insurance

0.33


Shareholder5

Old mutual life Ass

0.29


Shareholder6

BBK Nominees

0.27


Shareholder7

Co-op Bank Kenya

0.22


Shareholder8

BBK Nominees

0.22


Shareholder9

xxxx



Shareholder10

Ins Co. of East Africa

0.17






Top10Total Shares


93.37






Profit Before Tax (Year)

[Million]

Profit After Tax (Year)

[Million]

2000

410.00

2000

450.00

2001

420.00

2001

220.00

2002

415.00

2002

130.00

2003

400.00

2003

60.00

2004

450.00

2004

370.00

2005

100.00

2005

70.00

2006

100.00

2006

60.00

2007


2007






Earning Per Share

Kshs

Dividend PayOut

Kshs

2000

9.20

2000

6.00

2001

4.60

2001

2.00

2002

2.50

2002

2.50

2003

1.30

2003

6.00

2004

7.40

2004

8.00

2005

1.40

2005

2.00

2006

1.10

2006

2.00

2007


2007


P/E Ratio




Bankers

Barclay bank of Kenya,Citibank NA,Cooperative Bank

Registrars

Cooperative Bank Registrars



My point
Foreigners hold 88% of the company and thus in a position to make
board decisions regardless of the African investors thinking
after all..they holding only 12%. Some investors bought into this
company at more than kshs 100 and when it ceased trading, shares
were moving in the 40-45 range. The shares will be called back
because the foreigners agenda is different and there intention is
not to make money for the local investors. [Country of origin and
Fair trade issues]. The local investors including NSSF, KCB
pensioners and many more Wanjikus have been screwed.
RVR is coming next.
Joe is therefore really not far from the point...if Unilever
lesson is anything to go by. We need a unified approach ...If you
want to do business in Kenya...get Kenyan partner...is simply not
enough...
We need to get Kenyans in decision making positions also.
PS. Regarding Flo's kind request to facilitate...
Ownership of the process is what is critical. Locals should not
only drive but own and ultimately be responsible for the
direction they take. You have done well...but maybe...as Frank
Sinatra would sing...its time for MY WAY.
Ciao,
Bill

References

1. mailto:alkags at alkags.com
People make a plan work, a plan alone seldom makes people work (Confucius).

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