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Longhorn Listing
Rank: Elder Joined: 2/26/2012 Posts: 15,980
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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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Rank: Elder Joined: 7/21/2010 Posts: 6,184 Location: nairobi
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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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Rank: Chief Joined: 1/3/2007 Posts: 18,129 Location: Nairobi
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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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Rank: Veteran Joined: 5/23/2010 Posts: 868 Location: La Islas Galápagos
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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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Rank: Chief Joined: 1/3/2007 Posts: 18,129 Location: Nairobi
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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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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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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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Rank: Veteran Joined: 5/23/2010 Posts: 868 Location: La Islas Galápagos
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The next Neveready A bad day fishing is better than a good day at work
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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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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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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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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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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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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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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VWAP - 14.30 on 100 shares traded. Hopeless counter! $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 1/3/2007 Posts: 18,129 Location: Nairobi
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The only reason this counter is staying at current levels is because there are a limited number of sellers. It will drop over time or just not rise on any significant volumes! Look at it AFTER it drops below 10. Even at 10, be cautious & review it the financials... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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136 days later after floatation, LKL closes sub listing price of 14/- VWAP - 13.95/- $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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hisah wrote:136 days later after floatation, LKL closes sub listing price of 14/-
VWAP - 13.95/- hisah wrote:136 days later after floatation, LKL closes sub listing price of 14/-
VWAP - 13.95/-
Surprise! Surprise! That makes it Longhorn, Britak and TCL. CIC was on the cusp of a similar fate a few weeks back going as low as 3.65. GOD BLESS YOUR LIFE
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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youcan'tstopusnow wrote:hisah wrote:136 days later after floatation, LKL closes sub listing price of 14/-
VWAP - 13.95/- hisah wrote:136 days later after floatation, LKL closes sub listing price of 14/-
VWAP - 13.95/-
Surprise! Surprise! That makes it Longhorn, Britak and TCL. CIC was on the cusp of a similar fate a few weeks back going as low as 3.65. I would be shocked if CIC was to test below 3.50/- Huge volume (Volume spread) has come in at the 3.65 - 4.00 level for weeks now. The base is being formed. I expect it to rally like Coop back in 2009 and 2010 as the supply gets absorbed at the current level. In 2yrs time this thing will rally 100% going by Coop bank's pattern.$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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hisah wrote:youcan'tstopusnow wrote:hisah wrote:136 days later after floatation, LKL closes sub listing price of 14/-
VWAP - 13.95/- hisah wrote:136 days later after floatation, LKL closes sub listing price of 14/-
VWAP - 13.95/-
Surprise! Surprise! That makes it Longhorn, Britak and TCL. CIC was on the cusp of a similar fate a few weeks back going as low as 3.65. I would be shocked if CIC was to test below 3.50/- Huge volume (Volume spread) has come in at the 3.65 - 4.00 level for weeks now. The base is being formed. I expect it to rally like Coop back in 2009 and 2010 as the supply gets absorbed at the current level. In 2yrs time this thing will rally 100% going by Coop bank's pattern. With the market looking up, sub 3.50 doesn't seem to be on the cards. However, it is still valued at a premium in comparison with other insurers. GOD BLESS YOUR LIFE
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Graphics presented with no comment... VWAP @10.85/-  $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 1/3/2007 Posts: 18,129 Location: Nairobi
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hisah wrote:Graphics presented with no comment... VWAP @10.85/- I see it dipping below 10/- if there is a significant volume traded. This is a share I would have loved to short! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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VWAP @10/- the nosedive has accelerated in October as capitulation spooks shaky hands... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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November begins @ 9/- The nosedive... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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