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Share prices to deep further in December
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sparkly
#51 Posted : Saturday, November 26, 2011 8:15:06 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Aguytrying wrote:
What share can you buy now, and expect it to rally?

KQ is rallying
Life is short. Live passionately.
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mwekez@ji
#52 Posted : Saturday, November 26, 2011 12:43:29 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
sparkly wrote:
Aguytrying wrote:
What share can you buy now, and expect it to rally?

KQ is rallying


Rallying on fume volumes. Someone will get trapped.

This share should have dropped further on the news that its sister company (PW) IPO was hugely undersubscribed
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Gordon Gekko
#53 Posted : Saturday, November 26, 2011 2:38:45 PM
Rank: Elder

Joined: 5/27/2008
Posts: 3,760
@mwekej@ji, on the contrary it should rise on news of PW rights failure, because their holding will not reduce to 34% from 49% as expected following a fully subscribed issue.
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earthvoice
#54 Posted : Saturday, November 26, 2011 8:35:47 PM
Rank: Member

Joined: 1/29/2011
Posts: 257
GGK wrote:
hisah wrote:
Hmmm... Maybe Wazua can introduce a traders corner to avoid the traders vs investors clash...


From this it looks like am a trading investor...

Laughing out loudly Applause Applause Laughing out loudly
"All intelligent investing is value investing -- acquiring more than you are paying for. You must value the business in order to value the stock." - Charlie Munger.
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Jamani
#55 Posted : Saturday, November 26, 2011 10:44:32 PM
Rank: Elder

Joined: 9/12/2006
Posts: 1,554
Impunity wrote:
Time to cut my losses and move on or what?


“Success is not final, failure is not fatal: it is the courage to continue that counts.”
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lovely2010
#56 Posted : Sunday, November 27, 2011 12:36:23 AM
Rank: Member

Joined: 10/25/2010
Posts: 519
Location: nairobi
earthvoice wrote:
GGK wrote:
hisah wrote:
Hmmm... Maybe Wazua can introduce a traders corner to avoid the traders vs investors clash...


From this it looks like am a trading investor...

Laughing out loudly Applause Applause Laughing out loudly


you are all traders, either long or short term traders....period!
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Sober
#57 Posted : Sunday, November 27, 2011 7:13:15 AM
Rank: Elder

Joined: 11/27/2007
Posts: 3,604
Stop loss at times works better than averaging down. I bought NIC at 44 and after the bonus shares never sold at 49. When the prices started falling i sold everything at 42 (no loss incurred) and managed to buy all my sold shares and 20% more at 34.
Now the share is trading at 27 i shall be averaging everything down to 29 as i wait for the rally post 40. Does that make sense, apply the strategies that favour u at the various circumstances..
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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kenyariri
#58 Posted : Sunday, November 27, 2011 8:25:38 AM
Rank: New-farer

Joined: 11/23/2011
Posts: 15
Interesting.......http://www.standardmedia.co.ke/InsidePage.php?id=2000047352&cid=14&j=&m=&d=
Sophisticated investors ignore the noise and concentrate on the intrinsic value of an asset
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sparkly
#59 Posted : Sunday, November 27, 2011 9:28:57 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Sober wrote:
Stop loss at times works better than averaging down. I bought NIC at 44 and after the bonus shares never sold at 49. When the prices started falling i sold everything at 42 (no loss incurred) and managed to buy all my sold shares and 20% more at 34.
Now the share is trading at 27 i shall be averaging everything down to 29 as i wait for the rally post 40. Does that make sense, apply the strategies that favour u at the various circumstances..

the issue is your costs. Brokerage to buy at 44 sell at 42 and buy at 34. Thats 6.3% already. You still need to sell to realise your profits, another 2.1%. What are the chances that you will equal or better the market with these costs?
Life is short. Live passionately.
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mwekez@ji
#60 Posted : Monday, November 28, 2011 9:30:11 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
Gordon Gekko wrote:
@mwekej@ji, on the contrary it should rise on news of PW rights failure, because their holding will not reduce to 34% from 49% as expected following a fully subscribed issue.

@Gordon Gekko, there are a number of reason KQ was welcoming the dilution. Read post 31 in the following link

http://www.wazua.co.ke/forum.aspx?g=posts&m=219192

Also note that this was an IPO aiming to raise money for fleet modernisation and expansion. They now dont have the money and KQ is not a position to lend them.

I don’t think KQ shareholders are happy to see their sister company in the current predicament
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