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UNGA anyone?
Rank: Elder Joined: 9/12/2006 Posts: 1,554
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mwanahisa wrote:@Jamani. In this business, I have learnt not to say NEVER, but I would place the price of 16 on Unga before the end of 2010 in the realm of highly unlikely. Keep on hoping!
Inshallah
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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Probably in it for the dividend, or knows something we dont. This share can be used as model to show newcomers to stock trading how it works, because of its low supply. Its just a funny share, the stand offs are amusing. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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Aguytrying wrote:Probably in it for the dividend, or knows something we dont. This share can be used as model to show newcomers to stock trading how it works, because of its low supply. Its just a funny share, the stand offs are amusing. @Aguytrying this guy is getting smashed with his pruchase at 14bob... he's already down 9.75% or 135000bob... he/she must realize chasing a 50k dividend was the most illogical thing to do... Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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guru267 wrote:Aguytrying wrote:Probably in it for the dividend, or knows something we dont. This share can be used as model to show newcomers to stock trading how it works, because of its low supply. Its just a funny share, the stand offs are amusing. @Aguytrying this guy is getting smashed with his pruchase at 14bob... he's already down 9.75% or 135000bob... he/she must realize chasing a 50k dividend was the most illogical thing to do... whoever bought Unga is targeting a long haul, not dividends.
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Rank: Elder Joined: 6/27/2008 Posts: 4,114
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I plan to own this company - not just the shares but the company! Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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mukiha wrote:I plan to own this company - not just the shares but the company! Wao! That is the way to go. Have you formed a sacco or you want to go it solo?
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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I have lost my patience with this counter...i will exit tomorrow...its a good counter for the long run but short to medium the outlook looks gloomy the weak shilling implied...
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Rank: Elder Joined: 6/2/2008 Posts: 1,438
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There are many different motives for some of the trades you see on the market.
I highly suspect (although I have no proof) that the purchase at 14 was not exactly an arms length transaction. It most likely involved moving shares from Account A to Account B.
One could ask why do that. I can think of a number of reasons:
1. An agent/broker doing it for the commission.
2. Someone trying to prevent the price from falling below a certain threshold.
3. An agent/broker dumping the share to another client, on the pretext that is the only way he could get a "block" deal of that nature.
In case of 2 above, the commission would not be a particularly big worry. Besides, many of you will know that it is possible to negotiate brokers commissions to very low levels if you are a frequent trader. If it were a broker doing it for his/her own account(s), then the brokers commission could even be zero, with only statutory NSE/CDSC/CMA etc levies to reckon with - about 0.3% ONLY.
In such a scenario, a price drop even back to 12 will not worry such a fella. S/He will simply come back to the market and place supply of 100,000+ at 13.50 another day. Since no one will supply it, s/he will gladly do it himself. Perfectly legal although tantamount to market manipulation.
HII SHARE IKO NA WENYEWE!
You stick around long enough in the market and you get to learn a few things.
As for me, I keep on hoping for sub 11 and I will be adding.
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Rank: Chief Joined: 1/3/2007 Posts: 18,165 Location: Nairobi
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the deal wrote:I have lost my patience with this counter...i will exit tomorrow...its a good counter for the long run but short to medium the outlook looks gloomy the weak shilling implied... Bye bye... Please sell at 12/- coz I will buy them off you... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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VituVingiSana wrote:the deal wrote:I have lost my patience with this counter...i will exit tomorrow...its a good counter for the long run but short to medium the outlook looks gloomy the weak shilling implied... Bye bye... Please sell at 12/- coz I will buy them off you... @VVS Blind optimism!! see you in 3 years... i MIGHT be buying unga from you at 8bob then  Mark 12:29
Deuteronomy 4:16
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Rank: Chief Joined: 1/3/2007 Posts: 18,165 Location: Nairobi
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guru267 wrote:VituVingiSana wrote:the deal wrote:I have lost my patience with this counter...i will exit tomorrow...its a good counter for the long run but short to medium the outlook looks gloomy the weak shilling implied... Bye bye... Please sell at 12/- coz I will buy them off you... @VVS Blind optimism!! see you in 3 years... i MIGHT be buying unga from you at 8bob then Let's make this a 'date'... I include dividends since I look for 'Total Return' of 30% per year... There compounded 30% x 3 years = 100% My price to get in is 13/- TODAY thus I need 26/- (including dividends) on 13 Oct 2013... So what does the winner get? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 4/18/2009 Posts: 118
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I will enjoy this duel. 2013 is such a long way though. Can we have interim milestones e.g. on each 13th of October?
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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VituVingiSana wrote:guru267 wrote:VituVingiSana wrote:the deal wrote:I have lost my patience with this counter...i will exit tomorrow...its a good counter for the long run but short to medium the outlook looks gloomy the weak shilling implied... Bye bye... Please sell at 12/- coz I will buy them off you... @VVS Blind optimism!! see you in 3 years... i MIGHT be buying unga from you at 8bob then Let's make this a 'date'... I include dividends since I look for 'Total Return' of 30% per year... There compounded 30% x 3 years = 100% My price to get in is 13/- TODAY thus I need 26/- (including dividends) on 13 Oct 2013... So what does the winner get? I cant bet on this one... because 26 looks like a fair tatget... but why dont you just flood your unga money into kenol kobil and reduce your risk and compound your returns??? Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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People in Unga are riding on wishful thinking. All other stocks, analysis has been based on solid facts, strategies and plans the companies have. For Unga, I see no one bringing the facts on the table.
I am yet to be convinced on this.
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Rank: Chief Joined: 1/3/2007 Posts: 18,165 Location: Nairobi
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guru267 wrote:VituVingiSana wrote:guru267 wrote:VituVingiSana wrote:the deal wrote:I have lost my patience with this counter...i will exit tomorrow...its a good counter for the long run but short to medium the outlook looks gloomy the weak shilling implied... Bye bye... Please sell at 12/- coz I will buy them off you... @VVS Blind optimism!! see you in 3 years... i MIGHT be buying unga from you at 8bob then Let's make this a 'date'... I include dividends since I look for 'Total Return' of 30% per year... There compounded 30% x 3 years = 100% My price to get in is 13/- TODAY thus I need 26/- (including dividends) on 13 Oct 2013... So what does the winner get? I cant bet on this one... because 26 looks like a fair tatget... but why dont you just flood your unga money into kenol kobil and reduce your risk and compound your returns??? What? You can't bet on this... LOL... 100% in 3 years! I have both KK & Unga... I have been buying KK from 9 - 10.50 within the past 6 months [Since the KPRL-KPC shit started] Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 1/3/2007 Posts: 18,165 Location: Nairobi
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PKoli wrote:People in Unga are riding on wishful thinking. All other stocks, analysis has been based on solid facts, strategies and plans the companies have. For Unga, I see no one bringing the facts on the table.
I am yet to be convinced on this. Chief, usinunue... Which for me is a-ok... I am waiting for a deal from @thedeal at 12/-... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: User Joined: 5/9/2010 Posts: 1,418 Location: Nai
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After the whipping people got frm this stock i cannt believe its still beign discussd. Surely some investors have a short brain and they'll get burnd again. Your future depends on your dreams so go to sleep !
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Rank: Chief Joined: 1/3/2007 Posts: 18,165 Location: Nairobi
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Says he who is #195 in the Fantasey challenge... What happened to all those graphs? Buy signals? Sell signals? http://www.wazua.co.ke/i...yportfoliovw.aspx?fsp=81Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 3/12/2010 Posts: 1,199 Location: Eastlander
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VituVingiSana wrote:Says he who is #195 in the Fantasey challenge... What happened to all those graphs? Buy signals? Sell signals? ..Let your light so shine before men, that they may see your good works, and glorify your Father which is in heaven...Matt5:16
- 1769 Oxford King James Bible 'Authorized Version
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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VituVingiSana wrote:PKoli wrote:People in Unga are riding on wishful thinking. All other stocks, analysis has been based on solid facts, strategies and plans the companies have. For Unga, I see no one bringing the facts on the table.
I am yet to be convinced on this. Chief, usinunue... Which for me is a-ok... I am waiting for a deal from @thedeal at 12/-... maybe 12.50 Chief...at 12 there i dont break even...
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