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CMA Suspends EAPCC from NSE
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GGK
#11 Posted : Wednesday, January 18, 2012 8:32:45 AM
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Joined: 11/21/2006
Posts: 608
Location: Ruiru
sparkly wrote:
lovely2010 wrote:
NAIROBI Jan 17 (Reuters) - Kenya's Capital Market Authority (CMA) has imposed a 60-day trading ban on the already suspended shares of East African Portland Cement (EAPCC) to protect investors from a dispute between its board and the government.



which investors are these being protected... Treasury, nssf, Bamburi?

The free float is only 6%. CMA& NSE may as well delist it so that the 3 dominant shareholders can dry-clean their dirty knickers in private.

public listing of EAPCC really serves no purpose.


I also thought listed companies should have at least 25% of shares available for public trading. Why is EAPC still listed?
"..I am because we are. "― Ubuntu, Umtu,
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Aguytrying
#12 Posted : Thursday, April 12, 2012 12:04:40 PM
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Joined: 7/11/2010
Posts: 5,040
CMA lifts suspension of EAPC. source rich live
The investor's chief problem - and even his worst enemy - is likely to be himself
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itz
#13 Posted : Wednesday, October 31, 2012 6:13:00 PM
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Joined: 3/20/2009
Posts: 348
i thought nse had circuit breakers for max plunge protection of 10% per trading day. @ EAPCC down 40% ???
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Aguytrying
#14 Posted : Wednesday, October 31, 2012 6:21:03 PM
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Joined: 7/11/2010
Posts: 5,040
itz wrote:
i thought nse had circuit breakers for max plunge protection of 10% per trading day. @ EAPCC down 40% ???


material news was in today. so the rule was lifted. hii ni junk stock
The investor's chief problem - and even his worst enemy - is likely to be himself
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obiero
#15 Posted : Wednesday, October 31, 2012 6:25:44 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,256
Location: nairobi
Aguytrying wrote:
itz wrote:
i thought nse had circuit breakers for max plunge protection of 10% per trading day. @ EAPCC down 40% ???


material news was in today. so the rule was lifted. hii ni junk stock

junk stock ni understatement. this is not even a stock! i pity the owners of EAPCC..
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mlennyma
#16 Posted : Wednesday, October 31, 2012 7:01:58 PM
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Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Believe me this company has potential if only it can be sold 100% to a serious investor.
"Don't let the fear of losing be greater than the excitement of winning."
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S.Mutaga III
#17 Posted : Wednesday, October 31, 2012 7:24:10 PM
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Joined: 3/26/2012
Posts: 830
mlennyma wrote:
Believe me this company has potential if only it can be sold 100% to a serious investor.

They say you should buy when there is blood in the street, I wouldnt buy this counter even when skeletons were on the street...atleast not with my hard earned money.
A successful man is not he who gets the best, it is he who makes the best from what he gets.
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maka
#18 Posted : Wednesday, October 31, 2012 7:27:58 PM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
mlennyma wrote:
Believe me this company has potential if only it can be sold 100% to a serious investor.

...I believe so too,its dealing in a product that should be generating mega revenues and a healthy bottom line,surely CMA is just a big joke which part of regulatory compliance on thea mandate dont they understand,wananchi are loosing money in this listed companies...so sad
possunt quia posse videntur
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itz
#19 Posted : Wednesday, October 31, 2012 8:15:25 PM
Rank: Member

Joined: 3/20/2009
Posts: 348
itz wrote:
i thought nse had circuit breakers for max plunge protection of 10% per trading day. @ EAPCC down 40% ???


i see it was only 500 shares.This does not mean much, if it was high volume then that would be a problem.lets see how it trades pps and volume over the next few days.
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