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Longhorn Listing
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murchr
#121 Posted : Wednesday, September 19, 2012 8:47:43 AM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
StatMeister wrote:
So they give a profit warning, and 1 week later they post losses.

Beats me this logic of profit warnings, thought all companies do monthly and YTD book-keeping.


Kwani what is a profit warning?
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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mlennyma
#122 Posted : Wednesday, September 19, 2012 8:59:43 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
This counter will screw pple,its a bad start it has just entered the nse hata haija kaa chini!another britam
"Don't let the fear of losing be greater than the excitement of winning."
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VituVingiSana
#123 Posted : Wednesday, September 19, 2012 9:36:04 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
StatMeister wrote:
So they give a profit warning, and 1 week later they post losses.

Beats me this logic of profit warnings, thought all companies do monthly and YTD book-keeping.
Conmanship. The 'Profit Warning' should have been given when they listed! See my posts above.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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StatMeister
#124 Posted : Wednesday, September 19, 2012 12:35:18 PM
Rank: Veteran

Joined: 5/23/2010
Posts: 868
Location: La Islas Galápagos
Ericsson wrote:
Centum has a 35% stake in the company.
This points to reduced earnings for Centum come half year.


Its actually 2-pronged, no dividends (no revenues) + lower valuations (unrealized loss)
A bad day fishing is better than a good day at work
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VituVingiSana
#125 Posted : Wednesday, September 19, 2012 1:04:11 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
StatMeister wrote:
Ericsson wrote:
Centum has a 35% stake in the company.
This points to reduced earnings for Centum come half year.


Its actually 2-pronged, no dividends (no revenues) + lower valuations (unrealized loss)
Centum can always make a 'small' purchase at a higher price to boost the (fake) market value!

As for 'new' investors, stay far away from LKL until it drops below 10/- (at which point re-assess before buying)
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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hisah
#126 Posted : Tuesday, September 25, 2012 4:51:14 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Closed @14.55. Listing price was 14/- on 30/05/2012. Supply side was 128 times the demand... Good luck!

The fanfare - http://www.centum.co.ke/...fter-listing-on-the-nse-
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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StatMeister
#127 Posted : Tuesday, September 25, 2012 4:52:23 PM
Rank: Veteran

Joined: 5/23/2010
Posts: 868
Location: La Islas Galápagos
The next Neveready
A bad day fishing is better than a good day at work
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hisah
#128 Posted : Tuesday, September 25, 2012 4:54:20 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Quote:
The Kshs. 819 million listing on the Alternative Investment Market Segment (AIMS) saw Longhorn become the first publishing firm to go public in East Africa. A week later, the share price is up over 40% reversing the trend of recent IPO’s that have subsequently seen a sustained collapse in share price.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Aguytrying
#129 Posted : Tuesday, September 25, 2012 5:19:14 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
Now only cic will be left to join the plunge. These companies take us for granted, spectacular profits the year before listing followed by loses- britam n lkl. The next year.

All new listing should be treated with caution preferably avoided, esp if in a bull market
The investor's chief problem - and even his worst enemy - is likely to be himself
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hisah
#130 Posted : Tuesday, September 25, 2012 6:16:34 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Aguytrying wrote:
Now only cic will be left to join the plunge. These companies take us for granted, spectacular profits the year before listing followed by loses- britam n lkl. The next year.

All new listing should be treated with caution preferably avoided, esp if in a bull market

IPOs are floated during bullish markets. You cant get suckers in bear markets! But I remember Coop floated in Dec 2008. I thot that was suicidal, but the rebound was furious when it came.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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