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ODD lots are my Pain in the wrong Place
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madebe
#31 Posted : Monday, April 01, 2013 10:05:33 PM
Rank: Member

Joined: 10/7/2010
Posts: 251
Location: nairobi
And I wish the online adding system can put a window for odd lots.
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youcan'tstopusnow
#32 Posted : Monday, April 01, 2013 10:10:25 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
dunkang wrote:
youcan'tstopusnow wrote:
mBiaLoss, such shares come about as a result of bonuses e.g. if you had 300 nic shares. A 1 for 10 bonus is given. This adds you 30 shares giving you a grand total of 330 shares (I've always wanted to say grand totalsmile ) You then sell 300 shares after the bonus books closure (since you can only sell in lots of 100) Thus leaving you with 30 shares, not to mention a lifetime supply of financial reports. If another 1 for 10 bonus is given, you'll have 33 shar es


So, with your 33 shares, they declare a 1 for 10, you will be left with 36.3 shares. Can it happen?


Utapewa 36, most likeky.
GOD BLESS YOUR LIFE
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murchr
#33 Posted : Monday, April 01, 2013 10:44:35 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
madebe wrote:
And I wish the online adding system can put a window for odd lots.


Dyer and blair platform as the option of buying and selling odd lots...just ask your broker anaweza kusaidia
"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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madebe
#34 Posted : Tuesday, April 02, 2013 11:17:23 AM
Rank: Member

Joined: 10/7/2010
Posts: 251
Location: nairobi
yes u can sell the odd lot, but blindly. i meant we should be able to see what is being offered in the odd lots boards. in India and other jurisdictions, there are brokers or people whose only job is to buy odd lots at lower prices and aggregate them to sell for a higher price. that is a job ill love to do!
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youcan'tstopusnow
#35 Posted : Tuesday, April 02, 2013 11:40:36 AM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
madebe wrote:
yes u can sell the odd lot, but blindly. i meant we should be able to see what is being offered in the odd lots boards. in India and other jurisdictions, there are brokers or people whose only job is to buy odd lots at lower prices and aggregate them to sell for a higher price. that is a job ill love to do!

I once did that for Centum using the CFC online system. But as you mention, I was flying blind. It was only for a couple of hundred shares though.

My take is that easy trading of 'odd lots' should be facilited AT MARKET PRICE. Hii mambo ya multiples of 100 iishe. That is inefficiency.
GOD BLESS YOUR LIFE
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  | | Edit by user: Tuesday, April 02, 2013 11:42 AM | Reason: Not specified
icecube
#36 Posted : Sunday, August 24, 2014 12:24:34 PM
Rank: Member

Joined: 1/2/2008
Posts: 268
Location: Nairobi
murchr wrote:
madebe wrote:
And I wish the online adding system can put a window for odd lots.


Dyer and blair platform as the option of buying and selling odd lots...just ask your broker anaweza kusaidia


Yes, even online has the option, but the problem is that you cannot see the prices on offer, you will just fly blind and depend on guess work. I have been buying KenRe odd shares @17.10 and 17.00 for 2 weeks now in lots of 99. I am not sure whether there have been offers with less prices or not. That is the major problem.
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littledove
#37 Posted : Sunday, August 24, 2014 1:14:41 PM
Rank: Veteran

Joined: 7/1/2014
Posts: 927
Location: sky
icecube wrote:
murchr wrote:
madebe wrote:
And I wish the online adding system can put a window for odd lots.


Dyer and blair platform as the option of buying and selling odd lots...just ask your broker anaweza kusaidia


Yes, even online has the option, but the problem is that you cannot see the prices on offer, you will just fly blind and depend on guess work. I have been buying KenRe odd shares @17.10 and 17.00 for 2 weeks now in lots of 99. I am not sure whether there have been offers with less prices or not. That is the major problem.

I have Kenya re odd lots, I don't know exactly which year they appeared, I will try to sell them at 17
There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
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icecube
#38 Posted : Sunday, August 24, 2014 1:30:04 PM
Rank: Member

Joined: 1/2/2008
Posts: 268
Location: Nairobi
The odd lots appear from bonuses. I faced the same problem but I learned here how to deal with them. Instead of selling, I have been buying more...
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