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Stock below 2008/2009 GFC panic price crash
Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Below is the roll call of the disgraced counters 5yrs later... Drums rolling and strobe lights for effect: 1. Access Kenya (ACCS) 2. BOC Gases (BOC) 3. CFC - Note: spinned off its insurance arm 4. EA cables (CABL) 5. EA portland cement (PORT) 6. Eveready (EVRD) 7. Express Kenya (XPRS) 8. Kengen (KEGN) 9. Kenya Airways (KQ) 10. National bank (NBK) 11. Olympia Capital (OCH) 12. Sameer Africa (FIRE) 13. Standard Group (SGL) 14. Total Kenya (TOTL) If one had invested long term in the above counters without averaging down, that equity portfolio would still be in the red 5yrs later! So how long term is long term? This is why unit trusts/mutual funds will never disclose what they hold in their portfolios... The pandora box has to be kept as far away from the limelight as possible lest redemptions bankrupt these safe 'investment' vehicles... $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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a surprising list. time tells the true story. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 6/20/2007 Posts: 2,037 Location: Lagos, Nigeria
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What of Mumias Sugar ? The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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young wrote:What of
Mumias Sugar ? MSC crashed to 3.40/- a level that has not been touched since 2008/2009 panic. Unbelievable...!$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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The list is longer than this. Bamburi, Car and General, HFCK, etc etc "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: 7/11/2012 Posts: 5,222
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hisah wrote:young wrote:What of
Mumias Sugar ? MSC crashed to 3.40/- a level that has not been touched since 2008/2009 panic. Unbelievable...! Mumias, A foreseeable complete crash? Is the company winding up? KQ can now only go up, after the retrenchments and huge loss, they've hit rock bottom.
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Rank: Chief Joined: 1/3/2007 Posts: 18,129 Location: Nairobi
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murchr wrote:The list is longer than this. Bamburi, Car and General, HFCK, etc etc I don't have the data but has the list & the above 3 stocks been adjusted for splits, bonuses & extra-ordinary dividends, if any? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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VituVingiSana wrote:murchr wrote:The list is longer than this. Bamburi, Car and General, HFCK, etc etc I don't have the data but has the list & the above 3 stocks been adjusted for splits, bonuses & extra-ordinary dividends, if any? Can you recollect? 2007 to now i cannot recall any. "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: Chief Joined: 1/3/2007 Posts: 18,129 Location: Nairobi
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murchr wrote:VituVingiSana wrote:murchr wrote:The list is longer than this. Bamburi, Car and General, HFCK, etc etc I don't have the data but has the list & the above 3 stocks been adjusted for splits, bonuses & extra-ordinary dividends, if any? Can you recollect? 2007 to now i cannot recall any. I think C&G had a bonus. HFCK had a Rights Issue. I don't have the data. Of course, if someone without the requisite data for KenolKobil may assume it is a laggard but there was a 10:1 split somewhere... 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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VituVingiSana wrote:murchr wrote:VituVingiSana wrote:murchr wrote:The list is longer than this. Bamburi, Car and General, HFCK, etc etc I don't have the data but has the list & the above 3 stocks been adjusted for splits, bonuses & extra-ordinary dividends, if any? Can you recollect? 2007 to now i cannot recall any. I think C&G had a bonus. HFCK had a Rights Issue. I don't have the data. Of course, if someone without the requisite data for KenolKobil may assume it is a laggard but there was a 10:1 split somewhere... Splits & bonuses were factored in. @murchr those 3 that you mention are not part of the line up.$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Member Joined: 8/5/2009 Posts: 597
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So how long term is long term and on the flip side can one list top ten stellar stocks in the same period of 5 years ?/ The problem with the world is that the intelligent people are full of doubts while the stupid ones are full of confidence
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Rank: Veteran Joined: 11/21/2006 Posts: 1,590
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Seeing EA Cables up there reminds me of this stockskenya pundit who bought some EA Cables at Ksh900 (Ksh90 in today's price equivalent) in early 2007 and then came in here crowing about it... Sehemu ndio nyumba
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Mainat wrote:Seeing EA Cables up there reminds me of this stockskenya pundit who bought some EA Cables at Ksh900 (Ksh90 in today's price equivalent) in early 2007 and then came in here crowing about it... One thing this market has taught me is that its almost always best to go defensive. Stick to beer, tobacco, newspapers, big banks, foodstuffs and basic consumer goods. Never heard of EABL, NMG, BAT or BBK in loss territory. Life is short. Live passionately.
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Stock below 2008/2009 GFC panic price crash
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