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CIC by yaserbigchair
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Aguytrying
#21 Posted : Thursday, July 19, 2012 1:37:56 AM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
let the pigs be slaughtered.billy graham reccomends to largely ignore new listings.
The investor's chief problem - and even his worst enemy - is likely to be himself
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StatMeister
#22 Posted : Thursday, July 19, 2012 8:58:57 AM
Rank: Veteran

Joined: 5/23/2010
Posts: 868
Location: La Islas Galápagos
Britank @ 9, CFC @ 18 . . . don't know why this one insurance is diff'rent
A bad day fishing is better than a good day at work
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yaserbigchair
#23 Posted : Thursday, July 19, 2012 10:25:59 AM
Rank: Member

Joined: 7/19/2006
Posts: 118
Location: Mombasa
My post doesn't suggest you buy @7! Its an explanation of how the share will trade.

Don't buy at a higher price! when will you sell then???

Wait it goes down then you buy. Then you will be able to sell at a PROFIT.

Take note of the range.
Sound that I love most: Is the ringing bell of Stock Market.
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hisah
#24 Posted : Thursday, July 19, 2012 10:34:51 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
4.75/- prints...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Kausha
#25 Posted : Thursday, July 19, 2012 10:58:04 AM
Rank: Member

Joined: 2/8/2007
Posts: 808
But @Yaserbig....you shied away from the valuation discussion. Some novice investor may take you seriously and splash cash at 4 bob. Remember you have previously correctly & profitably advised novice wazua investors!

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yaserbigchair
#26 Posted : Thursday, July 19, 2012 10:58:38 AM
Rank: Member

Joined: 7/19/2006
Posts: 118
Location: Mombasa
TOUCH DOWN!Laughing out loudly
Sound that I love most: Is the ringing bell of Stock Market.
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Sufficiently Philanga....thropic
#27 Posted : Thursday, July 19, 2012 11:08:44 AM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
Anyone buying this stock should first know that it was split 100 times before being made public. That those who bought into the rights in 2010 at pre split at 27 will happily sell to you that stock even at sub listing price and walk away with 12 times what they sowed!!
@SufficientlyP
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PKoli
#28 Posted : Thursday, July 19, 2012 11:17:34 AM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
Sufficiently Philanga....thropic wrote:
Anyone buying this stock should first know that it was split 100 times before being made public. That those who bought into the rights in 2010 at pre split at 27 will happily sell to you that stock even at sub listing price and walk away with 12 times what they sowed!!


I remember it was only split 20 times. Obviously they created more shares from those that were there in 2007 or thereabouts, but I do not remember the 100 times split. May be you are confuding with Coop bank.
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Sufficiently Philanga....thropic
#29 Posted : Thursday, July 19, 2012 11:34:01 AM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
PKoli wrote:
Sufficiently Philanga....thropic wrote:
Anyone buying this stock should first know that it was split 100 times before being made public. That those who bought into the rights in 2010 at pre split at 27 will happily sell to you that stock even at sub listing price and walk away with 12 times what they sowed!!


I remember it was only split 20 times. Obviously they created more shares from those that were there in 2007 or thereabouts, but I do not remember the 100 times split. May be you are confuding with Coop bank.

If they only split 20 times, then they must have created a whole lot of shares. A quick glance at FY2009 accounts reflects 21,398,750 participating/issued shares versus about 2.2B as at lising!
@SufficientlyP
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PKoli
#30 Posted : Thursday, July 19, 2012 11:37:21 AM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
Sufficiently Philanga....thropic wrote:
PKoli wrote:
Sufficiently Philanga....thropic wrote:
Anyone buying this stock should first know that it was split 100 times before being made public. That those who bought into the rights in 2010 at pre split at 27 will happily sell to you that stock even at sub listing price and walk away with 12 times what they sowed!!


I remember it was only split 20 times. Obviously they created more shares from those that were there in 2007 or thereabouts, but I do not remember the 100 times split. May be you are confuding with Coop bank.

If they only split 20 times, then they must have created a whole lot of shares. A quick glance at FY2009 accounts reflects 21,398,750 participating/issued shares versus about 2.2B as at lising!


Very true, they created more shares after the second placement. They realised that individuals had taken up more shares than the sacco socities, so they created more shares and offered them to saccos at 27. Thereafter, they split by 20.
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