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Biggest loser (own experience)
Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Pesa Nane wrote:Caramba wrote:Gordon Gekko wrote:I guess it's a loss only when one sells. Holding large chunks of KQ bought at 46 and Mumias at 14. But if you count opportunities lost as a loss, my worst is offloading EABL at 53, a stock that has since done a 1:5 split and the current price is in the strastophere. I'm sailing in the same boat. Bought sukari at 14.00, it now tastes bitter than Malariaquinne. @Caramba and @Gordon Gekko relax. You don't know what it means to be 'shaved'. If memory serves me right, I remember being conned Ksh. 49 for that mumias thingy. I remain bald to date    A buddy of mine told me he got his at 49/- too, i've always thot he lies about it...Kumbe. Pole sana "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: 3/18/2011 Posts: 12,069 Location: Kianjokoma
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cmc @ 21, Kq at 42. Bado nalia
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Common theme in this thread is that TN has screwed most of us!
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Rank: Member Joined: 11/7/2009 Posts: 56
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Bought KQ at 60 bob and also another chunk of 1000 at 35 all in the name of averaging Your boss's job is to give you a job. Its your job to make yourself rich
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Rank: Member Joined: 2/27/2011 Posts: 518
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murchr wrote:Pesa Nane wrote:Caramba wrote:Gordon Gekko wrote:I guess it's a loss only when one sells. Holding large chunks of KQ bought at 46 and Mumias at 14. But if you count opportunities lost as a loss, my worst is offloading EABL at 53, a stock that has since done a 1:5 split and the current price is in the strastophere. I'm sailing in the same boat. Bought sukari at 14.00, it now tastes bitter than Malariaquinne. @Caramba and @Gordon Gekko relax. You don't know what it means to be 'shaved'. If memory serves me right, I remember being conned Ksh. 49 for that mumias thingy. I remain bald to date A buddy of mine told me he got his at 49/- too, i've always thot he lies about it...Kumbe. Pole sana Naona tuko wengi.
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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murchr wrote:Pesa Nane wrote:Caramba wrote:Gordon Gekko wrote:I guess it's a loss only when one sells. Holding large chunks of KQ bought at 46 and Mumias at 14. But if you count opportunities lost as a loss, my worst is offloading EABL at 53, a stock that has since done a 1:5 split and the current price is in the strastophere. I'm sailing in the same boat. Bought sukari at 14.00, it now tastes bitter than Malariaquinne. @Caramba and @Gordon Gekko relax. You don't know what it means to be 'shaved'. If memory serves me right, I remember being conned Ksh. 49 for that mumias thingy. I remain bald to date A buddy of mine told me he got his at 49/- too, i've always thot he lies about it...Kumbe. Pole sana The con game was called Mumias Sugar Secondary IPO 2006. The prospectus / info memo was all sugar coated, honey stuffed and with a few chocolate flakes. All for a SUPER DISCOUNTED PRICE OF ONLY Ksh. 49.50 (NOT 49) Ironically, this was implemented under the Economic Recovery Strategy for Wealth and Employment Creation (ERSWEC) Programme. Merciless Mafia.  Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 6/8/2013 Posts: 2,517
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phantom wrote:Bought KQ at 60 bob and also another chunk of 1000 at 35 all in the name of averaging pole mine is worse My book has KQ printed at 70 and 110 when i had given my broker free hand to trade... sisemi kitu  Halafu CFC stanbic 132 Even with the consolation shares given for liberty holdings I ask myself  kwani the company got chopped into 2 and some chaps disappeared to British Virgin Islands kuficha huko? The i remember dozing of in class during CAPM MM and other asset pricing theories... but i crammed the other sections and escaped with a B. "😖😡KQ makes money for everyone except the shareholder 😏😏 " overheard in Wazua
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Rank: Member Joined: 9/18/2006 Posts: 131
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My worst ever was buying 600,000 safcom shares at 5 bob back in the days before and after listing then it went sub 3. Sold them at below 3 and wrote off a net loss of just above a mita, accepted and moved on 
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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kazee wrote:My worst ever was buying 600,000 safcom shares at 5 bob back in the days before and after listing then it went sub 3. Sold them at below 3 and wrote off a net loss of just above a mita, accepted and moved on Classic buy high sell low case. hope you got the lesson. pole
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Rank: Member Joined: 9/18/2006 Posts: 131
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mwekez@ji wrote:kazee wrote:My worst ever was buying 600,000 safcom shares at 5 bob back in the days before and after listing then it went sub 3. Sold them at below 3 and wrote off a net loss of just above a mita, accepted and moved on Classic buy high sell low case. hope you got the lesson. pole I know! Learnt my lesson but at the time I weighed between how long it would take for me to recover and opportunities in real estate developments that I had and opted for the latter. Time value of money. But what a loss
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Rank: Member Joined: 4/25/2012 Posts: 110
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kazee wrote:mwekez@ji wrote:kazee wrote:My worst ever was buying 600,000 safcom shares at 5 bob back in the days before and after listing then it went sub 3. Sold them at below 3 and wrote off a net loss of just above a mita, accepted and moved on Classic buy high sell low case. hope you got the lesson. pole I know! Learnt my lesson but at the time I weighed between how long it would take for me to recover and opportunities in real estate developments that I had and opted for the latter. Time value of money. But what a loss Sorry for the loss. But the key thing is in bold. I haven't been in the market for long and I started off trading with the BRITAM IPO which proved to be monkey business, averaged down at some point @6 pershare - which really saved me. Since I started with little cash I was patient to wait and sold at a small profit when it crossed the IPO price(loss really if you bring in opportunity cost). There is nothing as dangerous as an Idea, when there is only one Idea
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Rank: Elder Joined: 6/8/2013 Posts: 2,517
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murchr wrote:Pesa Nane wrote:Caramba wrote:Gordon Gekko wrote:I guess it's a loss only when one sells. Holding large chunks of KQ bought at 46 and Mumias at 14. But if you count opportunities lost as a loss, my worst is offloading EABL at 53, a stock that has since done a 1:5 split and the current price is in the strastophere. I'm sailing in the same boat. Bought sukari at 14.00, it now tastes bitter than Malariaquinne. @Caramba and @Gordon Gekko relax. You don't know what it means to be 'shaved'. If memory serves me right, I remember being conned Ksh. 49 for that mumias thingy. I remain bald to date A buddy of mine told me he got his at 49/- too, i've always thot he lies about it...Kumbe. Pole sana @murchr @caramba@Gordon Gekko no no no hapana Mumias split I think 1:5 after hitting 49. So it is not the worst performer. I stand corrected theKing of the Monkeys are KQ and CFC . . . Kuna kupigwa na kuchifichio "😖😡KQ makes money for everyone except the shareholder 😏😏 " overheard in Wazua
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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@siringi - MSC had a secondary offer @49.50 back in 2007. The split was done much later. @pesa nane is talking about this OFS that indeed was a conned job as gok dumped more shares during the IPO euphoria season back in 2006. http://allafrica.com/stories/200612040871.html$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: 18,126 Location: Nairobi
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Mumias split was 3:1 after the Offer For Sale in 2007 Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 6/14/2010 Posts: 521 Location: Nairobi
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symbols wrote:Mukiri wrote:symbols wrote:850k at age 21.Tough lesson,but it beats a MBA anytime! How now? Was young.Got lucky and confident and in a flash I learnt the rules of Nairobbery.Pap! Lost some in deci,some in K-Re listening to brokers,but the majority vanished with conmen as I tried to enter the matatu industry. Talk of serious Seasoning [url=https://www.facebook.com/AdeptTranport]Adept Tranport Services[/url]
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Ilikeyou wrote:mlefu wrote:Bought paka at thirty I don`t know what !@#!$$%...
My wazua log-in only support Club SK @elder Mlefu, Paka has NEVER traded at that price. I actually still have my statements where I sold paka at 28... Mine is Britak at IPO price though i cancelled it out with buying more at 5.30 selling at 8... Mumias mumias mumias....bought @8...sigh And Total...@23... @symbols cant beat an MBA from the ICMA possunt quia posse videntur
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Rank: Elder Joined: 3/19/2013 Posts: 2,552
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The optimist wrote:symbols wrote:Mukiri wrote:symbols wrote:850k at age 21.Tough lesson,but it beats a MBA anytime! How now? Was young.Got lucky and confident and in a flash I learnt the rules of Nairobbery.Pap! Lost some in deci,some in K-Re listening to brokers,but the majority vanished with conmen as I tried to enter the matatu industry. Talk of serious Seasoning
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Rank: Elder Joined: 3/19/2013 Posts: 2,552
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maka wrote:Ilikeyou wrote:mlefu wrote:Bought paka at thirty I don`t know what !@#!$$%...
My wazua log-in only support Club SK @elder Mlefu, Paka has NEVER traded at that price. I actually still have my statements where I sold paka at 28... Mine is Britak at IPO price though i cancelled it out with buying more at 5.30 selling at 8... Mumias mumias mumias....bought @8...sigh And Total...@23... @symbols cant beat an MBA from the ICMA If it's working for you then I can't argue with that.In or out of class,if you're learning that's all that really matters.
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