wazua Sun, Jan 19, 2025
Welcome Guest Search | Active Topics | Log In | Register

2 Pages<12
Do you hold Co-op, KQ, Barclays, EA Cables & KCB shares?
Options
Previous Topic · Next Topic
kizee1
#21 Posted : Sunday, September 04, 2011 4:06:35 PM
Rank: Member


Joined: 9/29/2010
Posts: 679
Location: nairobi
hisah wrote:
Mainat wrote:
Hisah/Mwezekeji just short selling not naked short-selling. Big difference.
Sparkling-its 50k shares. Lower amount might be worth the deal.
QW/Gatoho, please don't feel any pressure to comment on every thread...The outcome might not show your best side.

Slykat-no risk for the holder of the shares. Your broker will act as the custodian as he does today. The legal agreement will specify how long you will lend the shares to me for; what happens if one of us wants to terminate the agreement before the end of the specified period and what happens if the prices move against me the borrower.

Short selling also known as going short is the opposite of going long also known as buying at the NSE. I do both.


I was being cheeky by including 'naked'... It tends to fry counters to juicy discounts smile Money has no morals...

CMA will ban short selling even when it doesn't exist smile

But seriously CMA should have it in place. They can ban the 'naked' version, which tends to be fraudulent.
CMA should introduce index trading. I'm being selfish here since I trade indices more than stocks thus avoiding too much work trying to read goosed up P&Ls of firms.

There are a number of counters that should have been shorted permanently (4 yrs ago) like paka, which is going nowhere!
This yr it was obvious banks were a shorting target even with 'good' results, but many still don't understand why... Maybe you can tell them why you have 3 banks on your list...

Anybody else that thinks short selling & index trading should be introduced apart from @mwekezaji & @mainat & the infamous @ybc...


1 more vote for shorting, Mainat could u also engineer a KE bond short?
Back to top
 Report Abusive | Report SPAM
hisah
#22 Posted : Sunday, September 04, 2011 4:08:26 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
@slykat - Just to make the short selling somehow clear.

http://www.investopedia....60303.asp#axzz1WzM1jS9b

In more details - http://www.money-zine.co...s/Short-Selling-Stocks/

Image courtesy of wikipedia...

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Back to top
 Report Abusive | Report SPAM
Gordon Gekko
#23 Posted : Sunday, September 04, 2011 4:42:13 PM
Rank: Elder


Joined: 5/27/2008
Posts: 3,760
I dumped my entire KCB at 23.50 with the intention of getting back in at rights price. From this conversation it sounds like I should hold out for even lower, which is good.
Back to top
 Report Abusive | Report SPAM
Mainat
#24 Posted : Sunday, September 04, 2011 5:02:10 PM
Rank: Veteran


Joined: 11/21/2006
Posts: 1,590
Kizee1-Kenyan bonds are not that liquid.

Slykat-In addition to the useful information from Hisah, let me add kidogo.
Say I own Equity shares which I want to hold until June 2012. You come to me and ask if you can borrow 50,000 shares. We can agree that I'll lend you the shares to you for 1 month at a charge of Ksh10k. You'll open an account with my broker or we can open a joint account.
You'll sell the shares that you've borrowed from me and credit the same to this account that you've opened with my broker who'll however ensure that you can't access the cash for the 1 month. At the end of the 1 month, you'll transfer the amount that I need to buy back my 50,000 Equity shares.
That's it. Only to other things. If there is dividend paid during the 1month, you'll have to pay that my account as well.

Please ask any other questions.
Sehemu ndio nyumba
Back to top
 Report Abusive | Report SPAM
cnn
#25 Posted : Sunday, April 15, 2012 9:15:45 AM
Rank: Veteran


Joined: 6/17/2009
Posts: 1,619
Mainat wrote:
Do you currently hold and intend to hold your 50,000+ shares in any of the above stocks until June 2012? Would you like an additional amount over and above the dividend?
For every month you lend your stock, you'll earn a fee.

I believe we can work on a legally-secure arrangement of mutual benefit. Contact me on mainatathotmaildotcom if interested

Where is this bear?..i had been tempted to try him out with part of my KCB.
@Mainat...what would you be staring at right now?
Back to top
 Report Abusive | Report SPAM
QW25091985
#26 Posted : Sunday, April 15, 2012 11:53:28 AM
Rank: User


Joined: 1/24/2012
Posts: 1,675
Location: In Da Hood
and equity did allot of heavy volume last week whats up ?
25 bob in the offing ? very intresting .
Back to top
 Report Abusive | Report SPAM | Edit by user: Sunday, April 15, 2012 11:58 AM | Reason: Not specified
youcan'tstopusnow
#27 Posted : Sunday, April 15, 2012 1:42:59 PM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
QW25091985 wrote:
and equity did allot of heavy volume last week whats up ?
25 bob in the offing ? very intresting .

Positioning?smile
GOD BLESS YOUR LIFE
Back to top
WWW
 Report Abusive | Report SPAM
VituVingiSana
#28 Posted : Tuesday, April 17, 2012 12:58:40 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,129
Location: Nairobi
http://www.standardmedia...00056183&cid=4&

The High Court on Friday declined to suspend the rights issue of 1,477,169 shares after certifying the case urgent and ordered Mr Rakesh Gadani to serve KQ with the suit papers.

Justice Fred Ochieng said he should serve the airline and the case heard inter partes on April 17. Rakesh wanted the airline directors temporarily stopped from offering the shares at Sh14 or listing them at the Nairobi Stock Exchange, pending hearing and determination of his case.

The case was filed on grounds that existing shareholders who cannot exercise their rights offer in full could lose 66 percent of the value of the shares.

"In essence, one is being forced to give up Sh28 per share (two third of the value)," he stated. KQ intends to raise Sh20.68 billion by way of the rights issue of new ordinary shares.

He stated the Rights Issue offer price represents a discount of 32.2 percent to the volume weighed average price of KQ ordinary shares on the NSE for the past 90 trading days up to February 29, being the date the board approved the rights issue terms.

"Current shareholders have not had the chance to question the board of directors to explain the logic behind selling shares at Sh14 when the net asset value is Sh42, which is 66 percent," he added.

On Friday, his lawyer, Mr Stephen Gitonga told the court the issuance of shares is oppressive to his client and minority shareholders, adding that KQ issued the Information Memorandum which is the basis of the trading of the rights share issue after the rights started trading.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Back to top
 Report Abusive | Report SPAM
QW25091985
#29 Posted : Tuesday, April 17, 2012 6:05:48 AM
Rank: User


Joined: 1/24/2012
Posts: 1,675
Location: In Da Hood
youcan'tstopusnow wrote:
QW25091985 wrote:
and equity did allot of heavy volume last week whats up ?
25 bob in the offing ? very intresting .

Positioning?smile


. i think so .last week the turnover accounted for 25% of the weeks turnover and also was a new 2012 high in its turnover . i have seen such market behavior to many times to ignore it .
if you are feeling luck you can buy some small shares and see what happens .
i believe a floor has been created . hope itsnt a ceiling .
Back to top
 Report Abusive | Report SPAM
Mainat
#30 Posted : Tuesday, April 17, 2012 8:14:15 AM
Rank: Veteran


Joined: 11/21/2006
Posts: 1,590
cnn-between Sept and Dec, I'd have made money and closed out coop, cables. I'd have lost some cash on KCB and BBK. And I'd still be laughing all the to ze bank on KQ.
question suivante?
Sehemu ndio nyumba
Back to top
 Report Abusive | Report SPAM
QW25091985
#31 Posted : Tuesday, April 17, 2012 8:26:16 AM
Rank: User


Joined: 1/24/2012
Posts: 1,675
Location: In Da Hood
whats the book closure date for kcb ?
Back to top
 Report Abusive | Report SPAM
hisah
#32 Posted : Tuesday, April 17, 2012 11:19:53 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
VituVingiSana wrote:
http://www.standardmedia.co.ke/education/InsidePage.php?id=2000056183&cid=4&

The High Court on Friday declined to suspend the rights issue of 1,477,169 shares after certifying the case urgent and ordered Mr Rakesh Gadani to serve KQ with the suit papers.

Justice Fred Ochieng said he should serve the airline and the case heard inter partes on April 17. Rakesh wanted the airline directors temporarily stopped from offering the shares at Sh14 or listing them at the Nairobi Stock Exchange, pending hearing and determination of his case.

The case was filed on grounds that existing shareholders who cannot exercise their rights offer in full could lose 66 percent of the value of the shares.

"In essence, one is being forced to give up Sh28 per share (two third of the value)," he stated. KQ intends to raise Sh20.68 billion by way of the rights issue of new ordinary shares.

He stated the Rights Issue offer price represents a discount of 32.2 percent to the volume weighed average price of KQ ordinary shares on the NSE for the past 90 trading days up to February 29, being the date the board approved the rights issue terms.

"Current shareholders have not had the chance to question the board of directors to explain the logic behind selling shares at Sh14 when the net asset value is Sh42, which is 66 percent," he added.

On Friday, his lawyer, Mr Stephen Gitonga told the court the issuance of shares is oppressive to his client and minority shareholders, adding that KQ issued the Information Memorandum which is the basis of the trading of the rights share issue after the rights started trading.

What happens if somehow the lawsuit was successfully won by Gadani? How would that have portrayed CMA, NSE and KQ. Oops!?
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Back to top
 Report Abusive | Report SPAM | Edit by user: Tuesday, April 17, 2012 11:21 AM | Reason: Not specified
Users browsing this topic
Guest
2 Pages<12
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Wazua Investor Theme
Powered by YAF | YAF © 2003-2009, Yet Another Forum.NET
Copyright © 2025 Wazua.co.ke. All Rights Reserved.