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Counters to buy with 100k this month of August 2013
Learner
#1 Posted : Wednesday, August 14, 2013 10:26:17 AM
Rank: New-farer

Joined: 6/24/2013
Posts: 18
I want to buy shares for the first time and i am a bit undecided about the shares to buy and what to consider when buying.

I would really appreciate if someone would advise me the factors to consider when choosing and possibly any good stocks to buy with 100k this month
Kausha
#2 Posted : Wednesday, August 14, 2013 10:42:01 AM
Rank: Member

Joined: 2/8/2007
Posts: 808
Consider penny stocks - those less than 15 bob. Obviously getting quality and at fair price will be a challenge. If SCOM drops to 7 pick, Look at kenol too, Britam etc. Can't say much about the rest!
Learner
#3 Posted : Wednesday, August 14, 2013 10:58:16 AM
Rank: New-farer

Joined: 6/24/2013
Posts: 18
Thanks for that. You are saying it will be a challenge getting quality and at a fair price and i would appreciate if you could elaborate who determines the price and the quality when i am the one buying
King G
#4 Posted : Wednesday, August 14, 2013 11:00:11 AM
Rank: Elder

Joined: 6/20/2012
Posts: 3,855
Location: Othumo
Jaribu Jamii Bora Coroprate Bond iko na thread hapo chini kwa bonds
Thieves
Learner
#5 Posted : Wednesday, August 14, 2013 11:16:19 AM
Rank: New-farer

Joined: 6/24/2013
Posts: 18
I do not know a lot about bonds and thus was thinking about shares
mkonomtupu
#6 Posted : Wednesday, August 14, 2013 11:23:00 AM
Rank: Veteran

Joined: 2/10/2010
Posts: 1,001
Location: River Road
you look at the market valuation of the company, look at the profits/loss the company has made, you look at the sector and see if there is potential for growth, look at the management of the company and you read the AGM report to see the strategies of the company, if you identify a good company which a low market valuation you look for a seller to buy cheaply same way you buy tomatoes in the market.
for example Kenol kobil has a market valuation of Kshs 12.36 billion, it has sustained losses in the last year, the management has changed, it trades in a sector with low margins. Do you think kenol kobil is worth kshs 12.36 billion? If you do you buy if not you wait for a lower price
Learner
#7 Posted : Wednesday, August 14, 2013 11:33:06 AM
Rank: New-farer

Joined: 6/24/2013
Posts: 18
@Mkonomtupu Thanks for that. And something else i would want to know is: a reputable broker to open an account with them. In reality, if i request a broker to buy or sell a share can i set the limits at which they can buy or sell the share at? Also how long do they take before processing someones order?
Mukiri
#8 Posted : Wednesday, August 14, 2013 11:48:20 AM
Rank: Elder

Joined: 7/11/2012
Posts: 5,222
Learner wrote:
@Mkonomtupu Thanks for that. And something else i would want to know is: a reputable broker to open an account with them. In reality, if i request a broker to buy or sell a share can i set the limits at which they can buy or sell the share at? Also how long do they take before processing someones order?

Everyone here has their own preference. Of the 4 brokers I've tried, I vouch for Genghis Capital. From the KYC service I get, I'm able to call(specific person), make an order and have them confirm execution. Only short-fall in they are yet to put inplace an Online Trading System.

Proverbs 19:21
mkonomtupu
#9 Posted : Wednesday, August 14, 2013 11:56:14 AM
Rank: Veteran

Joined: 2/10/2010
Posts: 1,001
Location: River Road
Learner wrote:
@Mkonomtupu Thanks for that. And something else i would want to know is: a reputable broker to open an account with them. In reality, if i request a broker to buy or sell a share can i set the limits at which they can buy or sell the share at? Also how long do they take before processing someones order?


I like dealing with small broker the staff know me personally they know how i like to execute my trades. The market works by you telling your broker how much you want to pay for a company e.g. if you think Kenol is worth 8/- a share you tell your broker that price, if a seller goes to his broker and says sell my kenol at 8/- then the brokers match up and you transact. Most people just tell the broker to buy at market price which means the broker will buy at the prevailing market price. If you believe the company is overvalued then you don't put your order at all and wait till the market valuation is lower. Your orders are valid for 30 days. Processing depends on whether there is a matching transaction usually within 3 days
Learner
#10 Posted : Wednesday, August 14, 2013 12:02:24 PM
Rank: New-farer

Joined: 6/24/2013
Posts: 18
So which are the small brokers in this case?
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