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CFC Stanbic Bank Q3 2013 PAT rise 52%
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cnn
#101 Posted : Monday, February 17, 2014 3:28:11 PM
Rank: Veteran

Joined: 6/17/2009
Posts: 1,627
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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Metasploit
#102 Posted : Monday, February 17, 2014 4:21:54 PM
Rank: Veteran

Joined: 3/26/2012
Posts: 985
Location: Dar es salaam,Tanzania
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 pricesmile

“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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dunkang
#103 Posted : Monday, February 17, 2014 5:09:24 PM
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
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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mkeiy
#104 Posted : Monday, February 17, 2014 5:29:37 PM
Rank: Member

Joined: 1/27/2012
Posts: 851
Location: Nairobi
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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dunkang
#105 Posted : Monday, February 17, 2014 5:46:20 PM
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
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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mkeiy
#106 Posted : Monday, February 17, 2014 5:52:53 PM
Rank: Member

Joined: 1/27/2012
Posts: 851
Location: Nairobi
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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uchumi
#107 Posted : Wednesday, February 19, 2014 8:31:26 PM
Rank: Member

Joined: 9/16/2006
Posts: 234
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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Metasploit
#108 Posted : Thursday, February 20, 2014 3:17:07 PM
Rank: Veteran

Joined: 3/26/2012
Posts: 985
Location: Dar es salaam,Tanzania

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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Aguytrying
#109 Posted : Thursday, February 20, 2014 3:49:33 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
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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cnn
#110 Posted : Thursday, February 20, 2014 7:37:27 PM
Rank: Veteran

Joined: 6/17/2009
Posts: 1,627
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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