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How to tell NSE has bottomed out
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Cde Monomotapa
#3581 Posted : Sunday, June 23, 2013 1:17:32 AM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
Commendable pro-activity by Kenya Re;

"The local market remains a key contributor to the Corporation's business currently accounting for about 53% of total premiums. As the needs of the insurance market continue to rise, most companies are coming up with innovative products and services to meet the needs of a changing market. The recent discovery of oil in Kenya presents yet another opportunity for us to grow our business.
The Corporation has taken a bold step in the emerging oil and gas industry by carrying out relevant training on best practice in handling the proceeds of this venture should it be deemed viable."

Source: The Chair's statement, Annual Report 2012.
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mwekez@ji
#3582 Posted : Sunday, June 23, 2013 2:41:35 AM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
Cde Monomotapa wrote:
guru267 wrote:
Cde Monomotapa wrote:
Btw Chief @hisah are you still in on the peaceful-polls premiums Insurance play? I figure the most no-brainer position is the re-insurer... KenyaRe.


Mboss Kenya re closed Friday at a P/E of 3.7... Completely ridiculous!

#GetInWhileYouCan..

K..

Y..
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mwekez@ji
#3583 Posted : Sunday, June 23, 2013 3:09:05 AM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
Cde Monomotapa wrote:
Commendable pro-activity by Kenya Re;

"The local market remains a key contributor to the Corporation's business currently accounting for about 53% of total premiums. As the needs of the insurance market continue to rise, most companies are coming up with innovative products and services to meet the needs of a changing market. The recent discovery of oil in Kenya presents yet another opportunity for us to grow our business.
The Corporation has taken a bold step in the emerging oil and gas industry by carrying out relevant training on best practice in handling the proceeds of this venture should it be deemed viable."

Source: The Chair's statement, Annual Report 2012.


#Pro-activity #Innovation #Oil-Play # smile
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symbols
#3584 Posted : Sunday, June 23, 2013 10:15:12 PM
Rank: Elder


Joined: 3/19/2013
Posts: 2,552
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youcan'tstopusnow
#3585 Posted : Sunday, June 23, 2013 11:12:07 PM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
symbols wrote:
Nervous foreign investors cut NSE wealth by Sh100bn

hisah likes such headlines;-)
GOD BLESS YOUR LIFE
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guru267
#3586 Posted : Monday, June 24, 2013 5:10:32 AM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
youcan'tstopusnow wrote:
symbols wrote:
Nervous foreign investors cut NSE wealth by Sh100bn

hisah likes such headlines;-)


US 10year treasuries hit 2.5% & 10year JGBs are at 0.9%... Borrowing costs are soaring!

The slaughter continues this week Sad
Mark 12:29
Deuteronomy 4:16
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hisah
#3587 Posted : Monday, June 24, 2013 6:45:41 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
youcan'tstopusnow wrote:
symbols wrote:
Nervous foreign investors cut NSE wealth by Sh100bn

hisah likes such headlines;-)

The more the negativity the better. Let the selling continue. Greedy for fat discounts on quality stocks (fairly priced or discounted on NAV basis).
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#3588 Posted : Monday, June 24, 2013 6:51:00 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
guru267 wrote:
youcan'tstopusnow wrote:
symbols wrote:
Nervous foreign investors cut NSE wealth by Sh100bn

hisah likes such headlines;-)


US 10year treasuries hit 2.5% & 10year JGBs are at 0.9%... Borrowing costs are soaring!

The slaughter continues this week Sad

Btw I noted something on the US trys chart. It has spiked by 3 standard deviations and very overbought. Highly unlikely there is headroom for a sustained yield spike for US trys.

But for JGB, this one I don't like & BoJ needs to calm the market.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#3589 Posted : Monday, June 24, 2013 7:08:13 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Lending rates high, tbills plunge, NSE corrects - the divergence cant continue... Lending rates will be forced down and gok is now getting vocal.

http://www.businessdaily.../-/10cnqql/-/index.html

Hope the discounts last a bit longer before those lending rates plunge...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Metasploit
#3590 Posted : Monday, June 24, 2013 9:01:55 AM
Rank: Veteran


Joined: 3/26/2012
Posts: 985
Location: Dar es salaam,Tanzania
http://www.bloomberg.com/news/2013-06-23/world-s-biggest-pension-fund-doubts-boj-can-achieve-2-inflation.html

“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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symbols
#3591 Posted : Monday, June 24, 2013 2:38:09 PM
Rank: Elder


Joined: 3/19/2013
Posts: 2,552
Any thoughts on Kengen,Cables and Kplc?
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Cde Monomotapa
#3592 Posted : Monday, June 24, 2013 3:30:21 PM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
Cables is a outright beneficiary of lower Intl. metal prices & ofcourse lower fuel costs in manufacturing.
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murchr
#3593 Posted : Monday, June 24, 2013 5:05:21 PM
Rank: Elder


Joined: 2/26/2012
Posts: 15,980
NSE wrote:
Some 18M shares valued at Kes.530M were traded in 1,500 deals, down from 30M shares that were valued at Kes.555M posted last Friday.

The NSE 20 Share Index shed 26.47 points to stand at 4680.33.
All Share Index (NASI) eased 1.26 points to stand at 118.38.
"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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mwekez@ji
#3594 Posted : Monday, June 24, 2013 5:16:09 PM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
June has pushed the bourse to a four month low. This makes the bourse to be quite oversold and a bounce to 5110 is in order
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King G
#3595 Posted : Monday, June 24, 2013 5:18:18 PM
Rank: Elder


Joined: 6/20/2012
Posts: 3,855
Location: Othumo
hisah wrote:
NSE wrote:
Turnover declined to Kes.811M from the previous session’s Kes.1.09bn, the number of shares
traded stood at 69M against 76M posted yesterday.

The NSE 20 Share Index closed 0.17% higher to stand at 4713.39 points.

All Share Index (NASI) was up 0.71 points to stand at 120.33.


The bounce is weak and I still see scope of 4700 breaking down to fill that gap between 4600 - 4700.


Looks like it .......
Thieves
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hisah
#3596 Posted : Monday, June 24, 2013 6:24:57 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
mwekez@ji wrote:
June has pushed the bourse to a four month low. This makes the bourse to be quite oversold and a bounce to 5110 is in order


$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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symbols
#3597 Posted : Monday, June 24, 2013 7:02:55 PM
Rank: Elder


Joined: 3/19/2013
Posts: 2,552
Cde Monomotapa wrote:
Cables is a outright beneficiary of lower Intl. metal prices & ofcourse lower fuel costs in manufacturing.


I also think cables is in a good place.What caught my eye though is that all three stood their ground today.

I can't remember the last time I saw so many property threads.
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hisah
#3598 Posted : Monday, June 24, 2013 7:13:53 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
@mweke - forgot to mentioned to breakdown 5000 with aplomb, big bid pressure will be needed. Small bid pressure wont make it after 5000 stalled the break on 4 attempts.

For now the gap fill is progressing well.

KK 9/- is poised to breakdown.

KQ - waiting for the sizable supply test. It'll come...

MSC - 4 will break down.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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murchr
#3599 Posted : Monday, June 24, 2013 7:17:50 PM
Rank: Elder


Joined: 2/26/2012
Posts: 15,980
symbols wrote:
Cde Monomotapa wrote:
Cables is a outright beneficiary of lower Intl. metal prices & ofcourse lower fuel costs in manufacturing.


I also think cables is in a good place.What caught my eye though is that all three stood their ground today.

I can't remember the last time I saw so many property threads.


I knew things are thick when i saw one on cotton/clay soil
"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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symbols
#3600 Posted : Monday, June 24, 2013 7:32:37 PM
Rank: Elder


Joined: 3/19/2013
Posts: 2,552
murchr wrote:
symbols wrote:
Cde Monomotapa wrote:
Cables is a outright beneficiary of lower Intl. metal prices & ofcourse lower fuel costs in manufacturing.


I also think cables is in a good place.What caught my eye though is that all three stood their ground today.

I can't remember the last time I saw so many property threads.


I knew things are thick when i saw one on cotton/clay soil

Laughing out loudly
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