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CFC Stanbic Bank Q3 2013 PAT rise 52%
Rank: Veteran Joined: 6/17/2009 Posts: 1,619
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I have noticed the rise in the last two sessions have been accompanied by heavy foreign purchase involvement(70% today),the 75% foreign holding limit not applying or what?
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Rank: Veteran Joined: 3/26/2012 Posts: 985 Location: Dar es salaam,Tanzania
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cnn wrote: I have noticed the rise in the last two sessions have been accompanied by heavy foreign purchase involvement(70% today),the 75% foreign holding limit not applying or what? The last session (Friday) was around 68%. This gives me a certainty on where to base the floor and know precisely the minimum exit price 
“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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cnn wrote: I have noticed the rise in the last two sessions have been accompanied by heavy foreign purchase involvement(70% today),the 75% foreign holding limit not applying or what? During FED shake-out (End of Jan-Start of Feb), foreigners were selling in droves, now they are coming back. My2cents. Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Member Joined: 1/27/2012 Posts: 851 Location: Nairobi
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dunkang wrote:cnn wrote: I have noticed the rise in the last two sessions have been accompanied by heavy foreign purchase involvement(70% today),the 75% foreign holding limit not applying or what? During FED shake-out (End of Jan-Start of Feb), foreigners were selling in droves, now they are coming back. My2cents. Is that how "smart money" is supposed to behave?
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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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mkeiy wrote:dunkang wrote:cnn wrote: I have noticed the rise in the last two sessions have been accompanied by heavy foreign purchase involvement(70% today),the 75% foreign holding limit not applying or what? During FED shake-out (End of Jan-Start of Feb), foreigners were selling in droves, now they are coming back. My2cents. Is that how "smart money" is supposed to behave? Surely? These "foreigners" are as silly as us, and as clever as us. The only difference is that they have MORE money, hence can shake the soko when entering or/and exiting. Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Member Joined: 1/27/2012 Posts: 851 Location: Nairobi
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dunkang wrote:mkeiy wrote:dunkang wrote:cnn wrote: I have noticed the rise in the last two sessions have been accompanied by heavy foreign purchase involvement(70% today),the 75% foreign holding limit not applying or what? During FED shake-out (End of Jan-Start of Feb), foreigners were selling in droves, now they are coming back. My2cents. Is that how "smart money" is supposed to behave? Surely? These "foreigners" are as silly as us, and as clever as us. The only difference is that they have MORE money, hence can shake the soko when entering or/and exiting. EXACTMENT!!!!!!!!!
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Rank: Member Joined: 9/16/2006 Posts: 229
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Karuturi in a statement said that there is an outstanding of $4 million as compared to the asset valuation of $93 million under receivership and they are in discussion with CFC Stanbic Bank to tide over the crisis. “I don’t regret the things I’ve done, I regret the things I didn’t do when I had the chance.”
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Rank: Veteran Joined: 3/26/2012 Posts: 985 Location: Dar es salaam,Tanzania
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Been Purchasing CFC stanbic at between 101-102. Average price 102. 12,700 shares bought so far.8000 to go I couldnt help but notice that the 130,000 shares ( 5 splits) at 103 ksh on the supply side, a big chunk of it moved from 110 Ksh,provided the ceiling and helped those who were buying at 101-102. At the close of Trade Total Demand was 148,000 or so against a supply of 179,000. Noting the bulk of the supply was provided by the 5 splits (130K).So once 103 is cleared,Demand will always outdo supply and next possible resistance will be at 110-115 ksh. Remember Results due out on or before 1st March. I dont predict the future but from the demand supply behaviour of today possible floor at 98-100.( I was glued on live trade transaction on this share for more than 5 hours)
“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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luckily for you nowadays the share is liquid. I'm imaging you watching it when there were few to no trades 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: 1,619
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Metasploit wrote:
Been Purchasing CFC stanbic at between 101-102.
Average price 102. 12,700 shares bought so far.8000 to go
I couldnt help but notice that the 130,000 shares ( 5 splits) at 103 ksh on the supply side, a big chunk of it moved from 110 Ksh,provided the ceiling and helped those who were buying at 101-102.
At the close of Trade Total Demand was 148,000 or so against a supply of 179,000.
Noting the bulk of the supply was provided by the 5 splits (130K).So once 103 is cleared,Demand will always outdo supply and next possible resistance will be at 110-115 ksh.
Remember Results due out on or before 1st March
I dont predict the future but from the demand supply behaviour of today possible floor at 98-100.( I was glued on live trade transaction on this share for more than 5 hours)
Source?....banks have until 31st March to report their full year,so Cfc stanbic bank has more than a month to report.The holding company which is the listed entity has until 30th April .
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Rank: Member Joined: 1/25/2009 Posts: 184 Location: For now El-Fashier - Darfur
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1St Quarter 2014 will definately disappoint in comparison with 1St Qtr 2013 and that is the time to strike when its hot. For now you could be chasing a moving but that has almost arrived at its stage....Rem the rights issue was at KShs 33.00 so should it disappoint expect mass exit. "A bad decision made now is beta that a good one made later!!"
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Rank: Member Joined: 1/27/2012 Posts: 851 Location: Nairobi
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underweight wrote:1St Quarter 2014 will definately disappoint in comparison with 1St Qtr 2013 and that is the time to strike when its hot. For now you could be chasing a moving but that has almost arrived at its stage....Rem the rights issue was at KShs 33.00 so should it disappoint expect mass exit. 1Qtr 2014 is way down the line. First things first. FY2013 Results.
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Rank: Veteran Joined: 3/26/2012 Posts: 985 Location: Dar es salaam,Tanzania
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Done Purchasing CFC stanbic shares. @cnn,last year they released on 1st March.That was just a guestimate based on past release.
“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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Rank: New-farer Joined: 12/27/2013 Posts: 87
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@metaspoilt you have purchased at how much? It seems you are targeting divided and remember we have already consumed interim of sh 0.60. So I expected divided to be equal or less than 0.50 cent. Am waiting for this share at 95 to board again. GOOD TO GREAT. KINGOTORE
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Rank: Veteran Joined: 3/26/2012 Posts: 985 Location: Dar es salaam,Tanzania
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Kingotore wrote:@metaspoilt you have purchased at how much? It seems you are targeting divided and remember we have already consumed interim of sh 0.60. So I expected divided to be equal or less than 0.50 cent. Am waiting for this share at 95 to board again. I always dont chase Dividends! Finished my buying and i think CFC bottomed at 102! Lets watch if any additional supply will pop at 102-103. Watching for behavior at 105-108
“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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Metasploit wrote:Kingotore wrote:@metaspoilt you have purchased at how much? It seems you are targeting divided and remember we have already consumed interim of sh 0.60. So I expected divided to be equal or less than 0.50 cent. Am waiting for this share at 95 to board again. I always dont chase Dividends! Finished my buying and i think CFC bottomed at 102! Lets watch if any additional supply will pop at 102-103. Watching for behavior at 105-108 what do you make of todays heavy volumes? stats total deals 45 total turnover 43,974,500 avg price high price 103.00 low price 101.00 last price 102.00 shares volume 431,800 The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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Metasploit wrote:Kingotore wrote:@metaspoilt you have purchased at how much? It seems you are targeting divided and remember we have already consumed interim of sh 0.60. So I expected divided to be equal or less than 0.50 cent. Am waiting for this share at 95 to board again. I always dont chase Dividends! Finished my buying and i think CFC bottomed at 102! Lets watch if any additional supply will pop at 102-103. Watching for behavior at 105-108 also. since you are watching volumes. demand/supply. what is mumias pattern saying The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Veteran Joined: 3/26/2012 Posts: 985 Location: Dar es salaam,Tanzania
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Aguytrying wrote:Metasploit wrote:Kingotore wrote:@metaspoilt you have purchased at how much? It seems you are targeting divided and remember we have already consumed interim of sh 0.60. So I expected divided to be equal or less than 0.50 cent. Am waiting for this share at 95 to board again. I always dont chase Dividends! Finished my buying and i think CFC bottomed at 102! Lets watch if any additional supply will pop at 102-103. Watching for behavior at 105-108 what do you make of todays heavy volumes? stats total deals 45 total turnover 43,974,500 avg price high price 103.00 low price 101.00 last price 102.00 shares volume 431,800 @Aguy,There was a huge supply at 102 which was taken almost immediately in one buy transaction.This happened like thrice.Implies the Demand is strong and from deep pockets and also shows the level of greed at these price levels(For short term price will always be supported at 98-101. At almost close of trading some supply proped up at 105 and 110 implying some possible resistance at these price levels
“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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Rank: Veteran Joined: 3/26/2012 Posts: 985 Location: Dar es salaam,Tanzania
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Aguytrying wrote:Metasploit wrote:Kingotore wrote:@metaspoilt you have purchased at how much? It seems you are targeting divided and remember we have already consumed interim of sh 0.60. So I expected divided to be equal or less than 0.50 cent. Am waiting for this share at 95 to board again. I always dont chase Dividends! Finished my buying and i think CFC bottomed at 102! Lets watch if any additional supply will pop at 102-103. Watching for behavior at 105-108 also. since you are watching volumes. demand/supply. what is mumias pattern saying There is still some good supply on Mumias which might suppress the price around 3 bob for sometimes (Bolinger bands shaping around 3 bob). Two scenarios; 1.Long accumulation time around 3/= until complete change of hands for upthrust or 2.The Price will drop to below 3 again for a complete shakeout such that no surprise volumes prop up during the upthrust 19th Feb 2014-Price levels between 2.95 and 3.0(Modest volume) 20th Feb-Price levels between 3.0 and 3.15 (Volume spike and the price closes at 3.0) 21st Feb-Price levels between 3.15 and 3.0-Another volume spike.Price closes at 3.10 The behaviour on 20th clear shows any increase in demand will always be met by a good supply. NB:Closing price IS NOT the VWAP.
“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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Looks like our turn to eat is warming up! 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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