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Why the NSE Index is taking a continuous tumble
mufasa
#16 Posted : Thursday, March 03, 2011 5:13:59 PM
Rank: Member

Joined: 4/15/2008
Posts: 238
@mwanahisa: good insights. I agree with you that one must do there own personal research in addition to what is in wazua. although I must say that most contributors in wazua do have pretty good insights in some cases.
having said that, i dont understand what you see in EA cables, this is the 2nd yr running that they are experiencing losses. maybe even 3rd am not sure. And KCB.... full of good propects you'd think the stock will soon sky rocket, but i highly doubt it will pass the KSh. 25/= by close of the yr. and even that 25/= could be overatted. They have good profits, biggest percentage in the property mkt, expanding branches etc. on the other hand though KCB is not properly managed hence the poor performance in its stock price
Do it today! Tomorrow is promise to no-one.
Gatheuzi
#17 Posted : Thursday, March 03, 2011 5:56:02 PM
Rank: Veteran

Joined: 8/16/2009
Posts: 994
Good read: @ mwanahisa & @ proverb.

Keep it up guys. I am trying to reposition myself. Having played banks for last qtr of last year, I am already attempting to sell EB. That will leave me with DTB which I will dispose one results either confirm a bonus or leaves most of us high and dry.

My next moves will go 2wards highly speculitive plays targeting max of 20%. I will also transfer some of the profits to real estate at least upto 2013 when I expect any significant mrkt comeback to resume.
Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
Gatheuzi
#18 Posted : Thursday, March 03, 2011 6:00:18 PM
Rank: Veteran

Joined: 8/16/2009
Posts: 994
Good read: @ mwanahisa & @ proverb.

Keep it up guys. I am trying to reposition myself. Having played banks for last qtr of last year, I am already attempting to sell EB. That will leave me with DTB which I will dispose one results either confirm a bonus or leaves most of us high and dry.

My next moves will go 2wards highly speculitive plays targeting max of 20%. I will also transfer some of the profits to real estate at least upto 2013 when I expect any significant mrkt comeback to resume.
Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
mwanahisa
#19 Posted : Thursday, March 03, 2011 6:11:42 PM
Rank: Elder

Joined: 6/2/2008
Posts: 1,438
@Mufasa. Thanks. I agree that I continuously find useful information/views from a good number of Wazua bloggers. That does not however mean that I should regard anyone's opinion as sacred. But I certainly consider them when shaping my own.

On E.A. Cables, if you refer to the thread on the day they released their results, I indicated that I was a buyer in the Kshs 17 to 18 range. I was not able to buy in and it briefly managed to cross the Kshs 20 barrier, but I was NOT gonna chase it (Thanks be to God). At 18, I am considering buying it for
(a) the dividend yield of 5.56%;
(b) the "turnaround" story - H2 EPS was 81 cents against 31 cents in H1. I am betting that the impairments in H1 completely "cleaned house";
(c) speculation that if Trans Century lists it will seek to stabilize or even push up the EAC price as this is one of their major investments.

KCB - All the reasons you have indicated. PLUS, I will get a nice dividend on a liquid share whose management now seems to be improving while I wait for the price to catch up with its fundamentals. I admit that I am living in hope here, but it has worked previously, so why not?
vimto2505
#20 Posted : Thursday, March 03, 2011 6:19:04 PM
Rank: New-farer

Joined: 11/18/2010
Posts: 8
Hi Guys, I just want to know about kenyan stock market. Do you have any Future & Option instrument in market.

Also is it allowed to shortsell index / stock ?

I do trade in INDIA. My todays turnover was 1.8 million kenyan shiling.

I was just being curious about market hence asked.
qw25041985
#21 Posted : Thursday, March 03, 2011 9:01:57 PM
Rank: User

Joined: 5/9/2010
Posts: 1,418
Location: Nai
Guyz lets not panic about NOTHING here. this so called 'sell-off' has no support.What i mean is that if you look at the VOLUMES that are causing this 'sell-off' they cannot sustain the sell-off.
The market is very weak because of the Middle East crisis as one or two investors cannot hold his/her emotions and decides to sell his stake at a LOSS.
I mean when a.k makes new low on 55,000 shares OR Kenya Re which has very good dividend policy to go with makes an all-time low on just 200,000 shares OR Kenya Airways which trades below NAV drops on a mere 40,000 shares what does that tell you.??? it plainly means bargains are falling right on your/our laps.
Those calling for bargain hunting are dead right !!!!!!!! Thats what we shld do,Right NOW...
Those calling foe Equity bank at 20.00 please !!!!!!!It might be easier getting the cure for A.I.D.S ..LOL . sincerely .

WHAT I AM STREESING HERE IS WE LOOK AT THE VOLUMES THAT ARE PULLING DOWN THIS STOCKS. Guyz you might need your umbrellas coz its raining bargains on the N.S.E
Your future depends on your dreams so go to sleep !
mgeman
#22 Posted : Thursday, March 03, 2011 9:11:59 PM
Rank: Member

Joined: 11/5/2010
Posts: 131
Location: kenya
qw25041985 wrote:

WHAT I AM STREESING HERE IS WE LOOK AT THE VOLUMES THAT ARE PULLING DOWN THIS STOCKS. Guyz you might need your umbrellas coz its raining bargains on the N.S.E

Ati umbrella! Pengine ikiwa upside down ndio uchukue hizo bargains zote!!!!!!Drool
I am an African

-Thambo Mbeki Speech
Fyatu
#23 Posted : Friday, March 04, 2011 8:32:28 AM
Rank: Veteran

Joined: 1/20/2011
Posts: 1,820
Location: Nakuru
The possibility of the grand coalition crumbling is imminent due to the wrangles in ODM.I would say political uncertainty is one reason why the index is not heading north
Dumb money becomes dumb only when it listens to smart money
ecstacy
#24 Posted : Friday, March 04, 2011 9:08:00 AM
Rank: Elder

Joined: 2/26/2008
Posts: 4,449
One thing you can bet your house on in all this noise and insults is that the MPigs are in Parliament & Cabinet to MAKE MONEY. If the coalition collapses, so they make or lose money?.. I guess then the coalition government ain't going anywhere my friend...
dave.kim
#25 Posted : Friday, March 04, 2011 9:52:33 AM
Rank: Member

Joined: 6/25/2010
Posts: 176
I think the market is in a very tricky situationt.Am sure the issues in the middle East wont be resolved immediately so the market will remain as it is or even go lower for a few more months. Moreover, its the eve of the election year and the parliament wrangles are coz politicians have gotten into campaign mode.most foreign investors are exiting the market and am speculating that more investors will exit the towards year end an wait it out upto 2013......My views
Anyone know of any other African markets with potential?
Rule No.1 is never lose money. Rule No.2 is never forget rule number one
ProverB
#26 Posted : Friday, March 04, 2011 11:19:00 AM
Rank: Veteran

Joined: 3/12/2010
Posts: 1,199
Location: Eastlander
..Barclays likely to up...book closure for split on 15march

..Cables already underway..book closure on 18th
..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
guru267
#27 Posted : Friday, March 04, 2011 12:14:46 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
vimto2505 wrote:
Hi Guys, I just want to know about kenyan stock market. Do you have any Future & Option instrument in market.

Also is it allowed to shortsell index / stock ?

I do trade in INDIA. My todays turnover was 1.8 million kenyan shiling.

I was just being curious about market hence asked.


hi @vimto2505 None of the above instruments are available on the Nairobi stock exchange..
Mark 12:29
Deuteronomy 4:16
hisah
#28 Posted : Friday, March 04, 2011 2:40:04 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
dave.kim wrote:
I think the market is in a very tricky situationt.Am sure the issues in the middle East wont be resolved immediately so the market will remain as it is or even go lower for a few more months. Moreover, its the eve of the election year and the parliament wrangles are coz politicians have gotten into campaign mode.most foreign investors are exiting the market and am speculating that more investors will exit the towards year end an wait it out upto 2013......My views
Anyone know of any other African markets with potential?

Rwanda Stock Exchange, Egypt, Tunisia and the Middle East markets.

Rwanda coz it's a new market in terms of change from OTC to Main market.

The other Arabic markets are so oversold due to panic sell. Wait for the panic to cease and then get in.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
hisah
#29 Posted : Friday, March 04, 2011 6:58:54 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Hii NSE vile inaendelee kurega kurega towards 4000, I think in coming weeks we will need 'hopium' to bring back the rally... Stay tuned...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
mufasa
#30 Posted : Sunday, March 06, 2011 5:38:51 AM
Rank: Member

Joined: 4/15/2008
Posts: 238
ProverB wrote:
..Barclays likely to up...book closure for split on 15march

..Cables already underway..book closure on 18th

This BBK counter is one of my favourites, sasini being the other one - Egypt, the tea buyers are now stabilizing politically. The question with BBK is when to get in. Should it be now or after the split?
Do it today! Tomorrow is promise to no-one.
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