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How to tell NSE has bottomed out
jerry
#1241 Posted : Monday, November 28, 2011 9:05:24 PM
Rank: Elder


Joined: 9/29/2006
Posts: 2,570
sparkly wrote:
Impunity wrote:
What was the all time LOW of Safcon?

2.55 though it was intra day

How come this site gives 2.50 and not 2.55?
The opposite of courage is not cowardice, it's conformity.
holycow
#1242 Posted : Monday, November 28, 2011 9:34:08 PM
Rank: Veteran


Joined: 11/11/2006
Posts: 972
Location: Home
jerry wrote:
sparkly wrote:
Impunity wrote:
What was the all time LOW of Safcon?

2.55 though it was intra day

How come this site gives 2.50 and not 2.55?


27th February 2009.
Open: 2.60
High: 2.70
Low: 2.50
Close: 2.70
VWAP: 2.55
Volume: 5,214,500
youcan'tstopusnow
#1243 Posted : Monday, November 28, 2011 11:45:14 PM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Banks extend loan payment periods to avoid mass defaults

http://www.businessdaily...8/-/oaso93/-/index.html
GOD BLESS YOUR LIFE
Cde Monomotapa
#1244 Posted : Tuesday, November 29, 2011 6:08:21 AM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
youcan'tstopusnow wrote:
Banks extend loan payment periods to avoid mass defaults

http://www.businessdaily...8/-/oaso93/-/index.html

can't knock the bank hustle :-P
hisah
#1245 Posted : Tuesday, November 29, 2011 7:23:05 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Cde Monomotapa wrote:
youcan'tstopusnow wrote:
Banks extend loan payment periods to avoid mass defaults

http://www.businessdaily...8/-/oaso93/-/index.html

can't knock the bank hustle :-P

The big picture here is a 'what if mass defaults' arise even with the extension? What happens after the extension lapses? What happens to the small banks NPLs and do they have the muscle to stand the nasty storm? Is CBK ready to handle a crash of say 3 small banks at a go and the likely bank run?
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
GGK
#1246 Posted : Tuesday, November 29, 2011 7:47:05 AM
Rank: Member


Joined: 11/21/2006
Posts: 608
Location: Ruiru
Cde Monomotapa wrote:
youcan'tstopusnow wrote:
Banks extend loan payment periods to avoid mass defaults

http://www.businessdaily...8/-/oaso93/-/index.html

can't knock the bank hustle :-P


I was thinking... Its WIN WIN for the banks. Extended payment periods means milking more interest from borrowers...

Sonko should revive the Donde Bill ASAP

"..I am because we are. "― Ubuntu, Umtu,
Thiong'o
#1247 Posted : Tuesday, November 29, 2011 8:33:30 AM
Rank: Member


Joined: 10/14/2011
Posts: 661
Kenyan shares slide to a 23-month low, shilling dips
Kenyan stocks fell for the eighth straight day to touch a 23-month low on Monday, mainly due to a funding crunch in the market that investors expect to hit banks as bad loans in the industry rise, while the shilling weakened against the dollar.
http://af.reuters.com/ar...p;virtualBrandChannel=0
Eric_Nyamu
#1248 Posted : Tuesday, November 29, 2011 8:53:39 AM
Rank: New-farer


Joined: 10/6/2011
Posts: 84
holycow wrote:
jerry wrote:
sparkly wrote:
Impunity wrote:
What was the all time LOW of Safcon?

2.55 though it was intra day

How come this site gives 2.50 and not 2.55?


27th February 2009.
Open: 2.60
High: 2.70
Low: 2.50
Close: 2.70
VWAP: 2.55
Volume: 5,214,500



WOW . when did safcom give up 2.90 ???? aiiiigh ! this thing is headed to 0ne bob !
Simplified
#1249 Posted : Tuesday, November 29, 2011 10:44:27 AM
Rank: Member


Joined: 11/26/2009
Posts: 67
Location: Pare pare
Hey guys,torn between kk @ 9.50 and kcb @ 15.10. With the threat of mass loan defaults,is it advisable to go for the banks.... Any advice?
Hug the bear....ride the bull.....di$mount!!!
Eric_Nyamu
#1250 Posted : Tuesday, November 29, 2011 10:59:55 AM
Rank: New-farer


Joined: 10/6/2011
Posts: 84
Simplified wrote:
Hey guys,torn between kk @ 9.50 and kcb @ 15.10. With the threat of mass loan defaults,is it advisable to go for the banks.... Any advice?


you'll be even more torn come end of year, dec...
jerry
#1251 Posted : Tuesday, November 29, 2011 11:22:46 AM
Rank: Elder


Joined: 9/29/2006
Posts: 2,570
Safaricom Limited

Sector: Commercial and Services
Market: Nairobi Stock Exchange (NSE)
Par value: 0.50
Market value: 2.80
Shares issued: 40,000,000,000
Market cap (Mn): 156,000.00
EPS: 0.33
DPS: 0.20
Dividend yield: 5.13%
P/E ratio: 8.48
Trading status: ex dividend
Website: http://www.safaricom.co.ke
Last traded on 28 Nov 2011
Average price: 2.80
High: 2.85
Low: 2.80
Shares traded: 590,800
Previous trading price: 2.80
Gain: +0.00
% Gain: +0.00%


Price & Volume Movements
High: 8.15 Low: 2.50 Avg: 4.32


http://www.wazua.com/inv...tkprofiler.aspx?stkId=66
The opposite of courage is not cowardice, it's conformity.
the deal
#1252 Posted : Tuesday, November 29, 2011 12:35:29 PM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
If the NSE closes below 3000 in coming weeks then the Kenyan economy is headed into a coma
ecstacy
#1253 Posted : Tuesday, November 29, 2011 3:21:10 PM
Rank: Elder


Joined: 2/26/2008
Posts: 4,449
Locals running out of KES as foreigners staying away from the bourse at this time. Add a Eurozone that is in a mini-recession and a US that is likely following suit. Other than the Arab Spring, add Iran's aggressive pursuit of nuclear weapons and its effects in the Gulf. Add Kenya's turn from the Hague confirmations into an year of campaign and all manner of strikes by civil servants and outright theft by mPigs with severance packages - all the while we battling Al-Shabaab & are on high interest rates. The NSE is not done reflecting the $hit we facing.
jerry
#1254 Posted : Tuesday, November 29, 2011 3:52:48 PM
Rank: Elder


Joined: 9/29/2006
Posts: 2,570
@ecstacy. Good observations. Add the normal slowdown in trading during December festivities.
The opposite of courage is not cowardice, it's conformity.
youcan'tstopusnow
#1255 Posted : Tuesday, November 29, 2011 4:07:33 PM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Today was 'Massacre Tuesday'. Only 7 stocks up. Market a sea of reds

3200 breached? It would seem...
GOD BLESS YOUR LIFE
hisah
#1256 Posted : Tuesday, November 29, 2011 4:14:02 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Hmmm... rains in plenty and dams at full, but kengen's share is collapsing... cross trends this... KPLC supply test of 17/- was active today. Tomorrow it's below 17...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Eric_Nyamu
#1257 Posted : Tuesday, November 29, 2011 4:19:39 PM
Rank: New-farer


Joined: 10/6/2011
Posts: 84
why are investors selling so much ...and mind you its wanjiku !!!!! damn .
youcan'tstopusnow
#1258 Posted : Tuesday, November 29, 2011 4:20:43 PM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Banks seems to have retraced their recent rallies. Equity is the hard headed one. KCB goes below 15, Coop hits a low of 12 and Barclays is now at 12.00

Britak below 5 bob

KQ brought back down to earth?

Mumias at 5 bob.


GOD BLESS YOUR LIFE
holycow
#1259 Posted : Tuesday, November 29, 2011 4:27:42 PM
Rank: Veteran


Joined: 11/11/2006
Posts: 972
Location: Home
youcan'tstopusnow wrote:
Today was 'Massacre Tuesday'. Only 7 stocks up. Market a sea of reds

3200 breached? It would seem...


NSE Index: 3,185.71 down by 49.83 points.
Eric_Nyamu
#1260 Posted : Tuesday, November 29, 2011 4:40:22 PM
Rank: New-farer


Joined: 10/6/2011
Posts: 84
holycow wrote:
youcan'tstopusnow wrote:
Today was 'Massacre Tuesday'. Only 7 stocks up. Market a sea of reds

3200 breached? It would seem...


NSE Index: 3,185.71 down by 49.83 points.



Sad Sad Sad Sad . 3k mark within sight ?? WOW !
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