Wazua
»
Investor
»
Stocks
»
Stockbrokers to stop trading at NSE for a month
Rank: Elder Joined: 2/26/2008 Posts: 4,449
|
1. This is a poorly crafted law by Treasury technical. Review and fix.
2. On the other hand, for the stock brokers, what happened to using the courts if aggrieved? Seeking to force the hand of the state actors using threats is dishonest and unhelpful to the immediate investment climate. Make it 2 months if you may.
Let the systems play this out.
|
|
|
Rank: Elder Joined: 6/23/2009 Posts: 13,551 Location: nairobi
|
ecstacy wrote:obiero wrote:this is why I voted for Raila The one who launched StarTimes then opposed it or the one who called NSE investors drug barons? Leave politics out of this one. Politics is life.. Siasa tutachapa anytime, anywhere.. Sijalazimisha mtu apende Raila, nimesema tu kuwa napenda Raila :)
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
|
|
|
Rank: Elder Joined: 2/26/2008 Posts: 4,449
|
obiero wrote:ecstacy wrote:obiero wrote:this is why I voted for Raila The one who launched StarTimes then opposed it or the one who called NSE investors drug barons? Leave politics out of this one. Politics is life.. Siasa tutachapa anytime, anywhere.. Sijalazimisha mtu apende Raila, nimesema tu kuwa napenda Raila :) Kupenda Raila si shida, your orange your choice, wacha propaganda lakini.
|
|
|
Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
|
Users browsing this topic. Boris Boyka , ecstacy, Guest (44), jomari78 , lochaz-index , Mastermind , obiero , Othelo iko chida kweri kweri...ulcers Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
|
|
|
Rank: New-farer Joined: 11/24/2013 Posts: 14
|
Hope I'm wrong, but the mere fact that such action is being contemplated is bad for the market. The seed of uncertainty has been sown.
|
|
|
Rank: Veteran Joined: 9/18/2014 Posts: 1,127
|
Doubt the govt can muster the cojones to spook this bear. Trading will resume tomorrow as most of the sharks are neck deep in the NSE. However, if am wrong a whole lot of folks will be royally screwed. Is it not enough that we have a clueless govt but also a hopeless opposition that cant check the former's excesses... trying to impose CGT as a tax at source with no guidelines and no consideration on the remitting party is laughable. That said, the seeds of discord in the NSE have been sown its now a question of how grave the consequences will be!!! The main purpose of the stock market is to make fools of as many people as possible.
|
|
|
Rank: User Joined: 1/20/2014 Posts: 3,528
|
Funny thing is industry players started begging gava for rules and guidelines way back in September last year. They must have been busy looking for condoms for kids. Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
|
|
|
Rank: New-farer Joined: 1/21/2015 Posts: 31
|
mwekez@ji wrote:On the brighter side, CGT on stocks may be abolished ;) @mwekezaji,... don't say abolished, say "delayed".The crazy thirst and mad appetite KRA have on this cgt is un-abolishable.  Ask & it'll be given to you,seek & you shall find..Mathew:7:7
|
|
|
Rank: Veteran Joined: 7/1/2014 Posts: 903 Location: sky
|
Good news !! "stock brokers have been prevailed upon to cancel their decision to suspend trading" k24 at 9 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
|
|
|
Rank: Elder Joined: 6/23/2009 Posts: 13,551 Location: nairobi
|
littledove wrote:Good news !!
"stock brokers have been prevailed upon to cancel their decision to suspend trading" k24 at 9 Hawa watu kweli wangesuspend trading na vile wanapenda commission
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
|
|
|
Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
|
Cancelled... possunt quia posse videntur
|
|
|
Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
|
murchr wrote:mlennyma wrote: bad omen @mlennyma, How will you survive given your addiction to the NSE?  Help me God to overcome without heart attack "Don't let the fear of losing be greater than the excitement of winning."
|
|
|
Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
|
ecstacy wrote:1. This is a poorly crafted law by Treasury technical. Review and fix.
2. On the other hand, for the stock brokers, what happened to using the courts if aggrieved? Seeking to force the hand of the state actors using threats is dishonest and unhelpful to the immediate investment climate. Make it 2 months if you may.
Let the systems play this out. Did you read why they want to go this way? The court has told them to wait for a month for a ruling. And it can be delayed even further. It's crazy in the Milimani court! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
|
|
|
Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
|
VituVingiSana wrote:ecstacy wrote:1. This is a poorly crafted law by Treasury technical. Review and fix.
2. On the other hand, for the stock brokers, what happened to using the courts if aggrieved? Seeking to force the hand of the state actors using threats is dishonest and unhelpful to the immediate investment climate. Make it 2 months if you may.
Let the systems play this out. Did you read why they want to go this way? The court has told them to wait for a month for a ruling. And it can be delayed even further. It's crazy in the Milimani court! this could have been bad bad history since independence, even war torn countries trade "Don't let the fear of losing be greater than the excitement of winning."
|
|
|
Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
|
Was i dreaming to hear this?,this brokers need punishment for thinking like that.why pull a very dangerous weapon to kill a squirrel? "Don't let the fear of losing be greater than the excitement of winning."
|
|
|
Rank: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove
|
mlennyma wrote:VituVingiSana wrote:ecstacy wrote:1. This is a poorly crafted law by Treasury technical. Review and fix.
2. On the other hand, for the stock brokers, what happened to using the courts if aggrieved? Seeking to force the hand of the state actors using threats is dishonest and unhelpful to the immediate investment climate. Make it 2 months if you may.
Let the systems play this out. Did you read why they want to go this way? The court has told them to wait for a month for a ruling. And it can be delayed even further. It's crazy in the Milimani court! this could have been bad bad history since independence, even war torn countries trade Yep,Palestine stock exchange is always up and running!
|
|
|
Rank: Chief Joined: 8/4/2010 Posts: 8,977
|
Luckily NSE doesn't have short selling. But the dice has been cast at yr highs on thin volume. Chills. Lose-lose scenario for mr market and taxman as confidence has been shaken. Holding value is now key. Anything else will be thrown under the bus. A shakeout looms... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
|
|
|
Rank: Veteran Joined: 8/16/2009 Posts: 994
|
obiero's portfolio:19,600 KCB, 5,400 KEGN, 18,000 KQ  This is your worth: KBC 19,600 59.00 1,156,400.00 KEGN 5,400 10.55 56,970.00 KQ 18,000 10.00 180,000.00 TOTAL 1,393,370.00 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.
|
|
|
Rank: Member Joined: 1/14/2014 Posts: 178
|
obiero wrote:littledove wrote:Good news !!
"stock brokers have been prevailed upon to cancel their decision to suspend trading" k24 at 9 Hawa watu kweli wangesuspend trading na vile wanapenda commission They were prevailed upon by who? Sonko? And the way i thought i'll have some time to acquire some more capital to pick a few more deals when they reopen in a month "WINK"  Go for a business that any idiot can run – because sooner or later, any idiot is probably going to run it – Peter Lynch
|
|
|
Rank: Elder Joined: 7/11/2010 Posts: 5,040
|
It's a dangerous move for the markets, however i don't think there's any other way of dealing with this regime. Luckilly situation resolved. "guess some sharks are neck deep in this"  The investor's chief problem - and even his worst enemy - is likely to be himself
|
|
|
Wazua
»
Investor
»
Stocks
»
Stockbrokers to stop trading at NSE for a month
Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.
|