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Is East Africa CABLES dead, alive or kicking?

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Fyatu		#11 Posted : Sunday, February 08, 2015 7:03:38 PM
Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru		slykat wrote: Hehehe... Wa_ithaka, I get the message. But dont buy it, u can theoretically pull out of a non-performer and go into say, mumias@10 and in two yrs, mumias is say 25 while centum is still 22 or thereabouts... not so? How hard can it be to read value in a business and hence stock?? Dumb money becomes dumb only when it listens to smart money
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Gatheuzi		#12 Posted : Monday, February 09, 2015 3:35:30 PM
Rank: Veteran Joined: 8/16/2009 Posts: 994		Fyatu wrote: slykat wrote: Hehehe... Wa_ithaka, I get the message. But dont buy it, u can theoretically pull out of a non-performer and go into say, mumias@10 and in two yrs, mumias is say 25 while centum is still 22 or thereabouts... not so? How hard can it be to read value in a business and hence stock?? @ Fyatu you are such a digger . You had to pull this all the way from 2010 and bring it today when Mumias is hardly breathing Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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Fyatu		#13 Posted : Monday, February 09, 2015 5:29:17 PM
Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru		Gatheuzi wrote: Fyatu wrote: slykat wrote: Hehehe... Wa_ithaka, I get the message. But dont buy it, u can theoretically pull out of a non-performer and go into say, mumias@10 and in two yrs, mumias is say 25 while centum is still 22 or thereabouts... not so? How hard can it be to read value in a business and hence stock?? @ Fyatu you are such a digger . You had to pull this all the way from 2010 and bring it today when Mumias is hardly breathing They are plenty more speculative thoughts in wazua....Hellos and New farers be wary Dumb money becomes dumb only when it listens to smart money
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slykat		#14 Posted : Tuesday, February 10, 2015 7:01:59 PM
Rank: Member Joined: 2/20/2007 Posts: 359		Tehehehehe, Lesson: hindsight is a perfect judge!!! There is a correction somewhere there ... I meant EACables ... not Centum ... and a qualification ... theoretically. I had a great deal of faith in Centum and still hold it to-date (bought at about avg 21.95 pre rights and post rights). Mumias was speculative and all the rave at the time because of the Tana Delta Project that never took off. Wazuans were then beating the drums - into a frenzy - for it .. led by Mumias expert Njung'e so I took a few (2000) as a pure gamble. I still hold the junk. If Tana Delta had taken off... we would be talking a different story. But of course no one here in Wazua knew about the looting of Mumias .. if they did they kept a damn good secret of it. (if Njung'e didnt know abou the looting -- nobody else knew. He was the go-to man for Mumias.) In the final analysis followed Waithaka and ignored the laggards (even though the offending peace was a disagreement with him). The loss was in the region of 60% at EACB and at Mumias. Beyond salvage. I still have them. I wrote them off enouraged by phenomenal gains on SafCom, KCB and Centum.
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Fyatu		#15 Posted : Wednesday, February 11, 2015 8:21:13 AM
Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru		moral of the story is that trying to predict the future is like trying to make a chicken swallow a needle......very difficult. However understanding what a business does and how it makes profits/losses goes a long way Dumb money becomes dumb only when it listens to smart money
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murchr		#16 Posted : Wednesday, February 11, 2015 3:20:32 PM
Rank: Elder Joined: 2/26/2012 Posts: 15,980		http://wazua.co.ke/forum.aspx?g=posts&t=22986 Going fwd remember this http://www.businessdaily...8/-/pv0n6s/-/index.html[ "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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streetwise		#17 Posted : Wednesday, February 11, 2015 8:46:36 PM
Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi		This was still born
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target1360		#18 Posted : Wednesday, February 11, 2015 10:41:55 PM
Rank: Member Joined: 5/14/2014 Posts: 289 Location: nairobi		moral of the story.avoid businesses that sell commodities that are not easy to differentiate I find satisfaction in owning great business,not trading them
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