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StatMeister
#21 Posted : Friday, August 05, 2011 8:09:03 AM
Rank: Veteran


Joined: 5/23/2010
Posts: 868
Location: La Islas Galápagos
The waters are looking murkier by the day. Moody's, Fitch uphold AAA rating, but a Chinese rater downgrades (from A+ to A). S&P must have encountered a #DIV/0! error in their calculation.

And the markets reacted the only way they know how to - South.

http://www.bloomberg.com...c-slowdown-concern.html

http://english.cri.cn/69...1/08/04/2741s651988.htm

http://online.wsj.com/ar...4576486481793462482.html
A bad day fishing is better than a good day at work
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Sober
#22 Posted : Friday, August 05, 2011 9:33:07 AM
Rank: Elder


Joined: 11/27/2007
Posts: 3,604
THINGS ARE RED!!!
Dow Jones down 4.31%, Nasdaq down 5.08% FTSE 100 down -3.43%, Dax down 3.40%, Cac 40 down 3.90%
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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StatMeister
#23 Posted : Friday, August 05, 2011 9:38:31 AM
Rank: Veteran


Joined: 5/23/2010
Posts: 868
Location: La Islas Galápagos
My worry is the emerging markets indices, but these are down too. Traders opting for debt or something.

Why is the market not open?
A bad day fishing is better than a good day at work
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lovely2010
#24 Posted : Friday, August 05, 2011 9:45:03 AM
Rank: Member


Joined: 10/25/2010
Posts: 519
Location: nairobi
StatMeister wrote:
My worry is the emerging markets indices, but these are down too. Traders opting for debt or something.

Why is the market not open?


I've asked myself the same question...or is it a public holiday?
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Cde Monomotapa
#25 Posted : Friday, August 05, 2011 9:51:04 AM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
Cheap oil=good life!! Don't panic!!
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Mainat
#26 Posted : Friday, August 05, 2011 9:54:52 AM
Rank: Veteran


Joined: 11/21/2006
Posts: 1,590
There is a general worldwide panic in the markets today. Won't be surprised if the NSE has put some kind of circuit breaker.
Sehemu ndio nyumba
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mlennyma
#27 Posted : Friday, August 05, 2011 9:56:00 AM
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Joined: 7/21/2010
Posts: 6,191
Location: nairobi
Kifunguo ya soko imepotea
"Don't let the fear of losing be greater than the excitement of winning."
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Cde Monomotapa
#28 Posted : Friday, August 05, 2011 10:03:19 AM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
mlennyma wrote:
Kifunguo ya soko imepotea

Laughing out loudly Laughing out loudly
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StatMeister
#29 Posted : Friday, August 05, 2011 10:19:58 AM
Rank: Veteran


Joined: 5/23/2010
Posts: 868
Location: La Islas Galápagos
Cde Monomotapa wrote:
mlennyma wrote:
Kifunguo ya soko imepotea

Laughing out loudly Laughing out loudly


Pia ya NYSE (I think stock derivatives) ilipotea jana
A bad day fishing is better than a good day at work
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Sufficiently Philanga....thropic
#30 Posted : Friday, August 05, 2011 11:04:52 AM
Rank: Elder


Joined: 9/23/2010
Posts: 2,221
Location: Sundowner,Amboseli
Cde Monomotapa wrote:
60 dollar crude!!

Here we come!
@SufficientlyP
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VituVingiSana
#31 Posted : Friday, August 05, 2011 2:58:39 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,223
Location: Nairobi
KK is smart. Even if crude drops meaning a loss for KK for fuel already purchased but it will fill up on cheap crude/fuel as well!

The good news for KK is that margins remain the same whether $60 or $100 but less need for financing if $60/bbl
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Cde Monomotapa
#32 Posted : Friday, August 05, 2011 3:05:00 PM
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Joined: 1/13/2011
Posts: 5,964
@VVS and how about at Subsidiary level where there is no pricing formula. And what do we have in those bloody tanks/storage facilities!!
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Cde Monomotapa
#33 Posted : Friday, August 05, 2011 3:08:31 PM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
With cheaper crude Forex and finance costs will come down for sure. KPLC, KK & Kengen will benefit a lot! smile
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Cde Monomotapa
#34 Posted : Friday, August 05, 2011 3:19:59 PM
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Joined: 1/13/2011
Posts: 5,964
A poor US jobs report later on today will break oil prices to pieces and this time leave them there. !!60 dollar crude!!
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cnn
#35 Posted : Friday, August 05, 2011 3:31:55 PM
Rank: Veteran


Joined: 6/17/2009
Posts: 1,621
Cde Monomotapa wrote:
@. And what do we have in those bloody tanks/storage facilities!!

At half year KK inventories were at 21 billion,the six month turnover was 83 billion,do the math.For the Kenya market the ERC takes into account the average price for the previous three months.
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Cde Monomotapa
#36 Posted : Friday, August 05, 2011 3:56:00 PM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
cnn wrote:
Cde Monomotapa wrote:
@. And what do we have in those bloody tanks/storage facilities!!

At half year KK inventories were at 21 billion,the six month turnover was 83 billion,do the math.For the Kenya market the ERC takes into account the average price for the previous three months.

Aaah...cheers man! That must have been sold by now as we await the E.A August load being brought in by KK. Thanks.
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the deal
#37 Posted : Friday, August 05, 2011 7:00:37 PM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Look how the NSE collapsed today...
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Cde Monomotapa
#38 Posted : Friday, August 05, 2011 11:32:21 PM
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Joined: 1/13/2011
Posts: 5,964
the deal wrote:
Look how the NSE collapsed today...

Britak!!
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hisah
#39 Posted : Saturday, August 06, 2011 6:04:30 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Hmmm... live.mystocks.co.ke stopped updating prices since Aug 3rd. Seems they lost their keys before everyone...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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the deal
#40 Posted : Saturday, August 06, 2011 6:20:04 PM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
@Hisah Things are thick..my decision to sell Member at 23.75 looks like a magicians stunt...apart from Kenol...all the stocks I hold are in the red...
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