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Rank: Elder Joined: 6/2/2008 Posts: 1,438
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hisah wrote:the deal wrote:I thought I have said here several times that the only reason why its still in the 60-70 range is because African Liaison...Kiereini and Sir Njonjo's investment vehicle are selling...it has nothing to do with the fundamentals of the bank but more of the CMA and Standard Bank pushing them out...now do yourself a favor and find out how many shares they hold. Watching this block trade intraday... If price closes at 63/- then expect the price to dip in coming weeks even with rosy results! This action is telling just before H1 results. So far the banking sector results are lukewarm... I remain extremely positive on this stock notwithstanding the price drop today. I agree with the deal that this is not exactly an arms length transaction, but more of a backroom deal between two big parties. I expect the price to bounce back to the 66-68 level in no time. As long as these big sellers are in the market the return to the low 60s could still happen, but the minute they are wiped out, off we go to the races!!!
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Rank: Veteran Joined: 6/17/2009 Posts: 1,627
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hisah wrote:the deal wrote:I thought I have said here several times that the only reason why its still in the 60-70 range is because African Liaison...Kiereini and Sir Njonjo's investment vehicle are selling...it has nothing to do with the fundamentals of the bank but more of the CMA and Standard Bank pushing them out...now do yourself a favor and find out how many shares they hold. Watching this block trade intraday... If price closes at 63/- then expect the price to dip in coming weeks even with rosy results! This action is telling just before H1 results. So far the banking sector results are lukewarm... Why so?,we have had such huge block trades in the last two months,including one where the share lost 15% in two days,after the block trades the trend has been price recovery to initial levels.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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cnn wrote:hisah wrote:the deal wrote:I thought I have said here several times that the only reason why its still in the 60-70 range is because African Liaison...Kiereini and Sir Njonjo's investment vehicle are selling...it has nothing to do with the fundamentals of the bank but more of the CMA and Standard Bank pushing them out...now do yourself a favor and find out how many shares they hold. Watching this block trade intraday... If price closes at 63/- then expect the price to dip in coming weeks even with rosy results! This action is telling just before H1 results. So far the banking sector results are lukewarm... Why so?,we have had such huge block trades in the last two months,including one where the share lost 15% in two days,after the block trades the trend has been price recovery to initial levels. Mr Market has been topping since May... And btw I also hold a chunk on this counter.$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 6/2/2011 Posts: 4,824 Location: -1.2107, 36.8831
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hisah wrote:
Mr Market has been topping since May... And btw I also hold a chunk on this counter.
@Hisa, can you guess when this thug is completing his/her tax evasion and price lowering tactics. I need to buy myself more of this stock! Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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This counter turnover of KES 747.83M has pushed market turnover to KES 1.18B ... 2.50pm
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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I have a question. I placed an order at 65.00 today before the trades at 63.00. yet my order did not go through. is that supposed to happen?? The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Veteran Joined: 6/17/2009 Posts: 1,627
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Aguytrying wrote:I have a question. I placed an order at 65.00 today before the trades at 63.00. yet my order did not go through. is that supposed to happen?? Had your broker placed it in the market?...or maybe it can be done,something in the line of high frequency trading done in developed markets.
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Rank: Elder Joined: 12/7/2012 Posts: 11,935
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cnn wrote:Aguytrying wrote:I have a
question. I placed an order at 65.00 today before the trades at 63.00.
yet my order did not go through. is that supposed to happen?? Had your broker placed it in the market? Nature of your order matters;buy or sell. If it is sell, then you were outpriced my dear. In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Aguy, could be the Kshs. 63/= trades were already a done deal. What flashed across your screens ilikuwa kutujulisha tu... GOD BLESS YOUR LIFE
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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Angelica _ann wrote:cnn wrote:Aguytrying wrote:I have a
question. I placed an order at 65.00 today before the trades at 63.00.
yet my order did not go through. is that supposed to happen?? Had your broker placed it in the market? Nature of your order matters;buy or sell. If it is sell, then you were outpriced my dear. It was a buy order. The investor's chief problem - and even his worst enemy - is likely to be himself
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