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CIC by yaserbigchair
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Kausha
#11 Posted : Wednesday, July 18, 2012 2:22:20 PM
Rank: Member

Joined: 2/8/2007
Posts: 808
That's Faida who crossed 200,000 at 7 shillings. They are the buyer and seller. The only cost for them is the CMA levies, NSE & CDSC which amount to less than 20K.
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youcan'tstopusnow
#12 Posted : Wednesday, July 18, 2012 2:26:57 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
[quote=kyt][quote=PKoli][quote=hisah]This has traded - 30,000 @7.00. So VWAP is 6.40/- That's 82% plus up. WTH????

Trades so far... 250K shares
13:43:33 19,000 4.00
13:43:33 1,000 4.00
13:42:29 30,000 7.00[/quote]

Wao, a guy bought at 7bob??
[/quote]
thats madness, lets wait until a week is over, wacha excitement iishe[/quote]

Maybe the guy has just read ybc's post;-)
GOD BLESS YOUR LIFE
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youcan'tstopusnow
#13 Posted : Wednesday, July 18, 2012 2:29:37 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
[quote=Kausha]That's Faida who crossed 200,000 at 7 shillings. They are the buyer and seller. The only cost for them is the CMA levies, NSE & CDSC which amount to less than 20K.[/quote]

Karata gani hiyo sasa...
GOD BLESS YOUR LIFE
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VituVingiSana
#14 Posted : Wednesday, July 18, 2012 2:36:45 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,410
Location: Nairobi
Either some idiot got screwed over by buying at 7/-
Or the 'Lead Broker' did a cross just to move the market...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Kausha
#15 Posted : Wednesday, July 18, 2012 2:46:43 PM
Rank: Member

Joined: 2/8/2007
Posts: 808
But that is normally part of the lead broker's job to create a tombstone which would read 'CIC listed the company on 17th July 2012. On teh first day of trading the share traded at 7/= a share.'' Nobody cares what happens thereafter.
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King G
#16 Posted : Wednesday, July 18, 2012 2:46:59 PM
Rank: Elder

Joined: 6/20/2012
Posts: 3,855
Location: Othumo
That is called price fixing by the big boys so that the weighted price for tomorrow is about 6 bob then it will take a very loooooong time to taste the 3-4 bob range. manugu
Thieves
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hisah
#17 Posted : Wednesday, July 18, 2012 3:14:59 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
VWAP reading 5.25/- so I guess this will be the final print for the day. And the headlines tomorrow will read CIC share gains 50% on its NSE debut as @kausha states above. If @kausha is right, this thing will be pushed above 7/- for a while until the mboys make their cut. Welcome to market making...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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maka
#18 Posted : Wednesday, July 18, 2012 8:09:19 PM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
...Agency crosses
are tightly regulated in the EU such wunt be allowed to happen there since brokers are required to demonstrate that they are delivering best execution...a purchase at 7 bob isn't at best execution if best market practices are taken into consideration the regulatory authority should investigate this...it amounts to price manipulation.
possunt quia posse videntur
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King G
#19 Posted : Wednesday, July 18, 2012 8:13:36 PM
Rank: Elder

Joined: 6/20/2012
Posts: 3,855
Location: Othumo
[quote=hisah]VWAP reading 5.25/- so I guess this will be the final print for the day. And the headlines tomorrow will read CIC share gains 50% on its NSE debut as @kausha states above. If @kausha is right, this thing will be pushed above 7/- for a while until the mboys make their cut. Welcome to market making... [/quote]

So sad :-( I remember once CFC ws hyped to 900 bob.
Thieves
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VituVingiSana
#20 Posted : Wednesday, July 18, 2012 9:55:52 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,410
Location: Nairobi
If buyers stay put, the price will drop towards a more reasonable 4/- (I am not saying that is a fair price but better than 5.25 buyers are paying today) over the next few sessions... Watch this space!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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  | | Edit by user: Thursday, July 19, 2012 4:47 AM | Reason: Not specified
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