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sparkly
#31 Posted : Wednesday, March 10, 2010 4:06:43 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Lol we are already at 3900. Forgive my poor forecast.
Life is short. Live passionately.
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VituVingiSana
#32 Posted : Friday, March 12, 2010 3:12:08 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,441
Location: Nairobi
mkonomtupu wrote:
Sometimes taking advantage of kenyan's peculiar trading habits can get you some tidy returns. Kenyans especially the old folk love dividends.
Take Total Kenya, it has a consistent dividend kshs 2.50 per share books close in May. From around November you can pick this stock at 28/- wait patiently until March-May when it peaks at 34-35 when everyone scrambles for the dividend. Capital gains gives you Kshs.6-7 per share. Sometimes if you have a good broker you can end up with the dividend and capital gain. So on average in a good year a return of 17-23%

Well, do u see the fallacy?
Total announced only 1/- (not 2.50)...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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mkonomtupu
#33 Posted : Friday, March 12, 2010 10:57:44 AM
Rank: Veteran

Joined: 2/10/2010
Posts: 1,001
Location: River Road
The total stock is still at 29.5-30. Books closure 3-6-2010. in Stocks Patience pays.

I locked gains on Kengen yesterday at 16.1 20% capital gains. I think people buy and sell this share when it rains in nairobi. Human beings are creatures of habit and yes it's time to chase invoices until May. So buy low and sell high that was my aim in Jan-Feb. I have now stopped pumping cash into stocks so now just enjoying the ride up looking out for the exit numbers from the trends.

Turnover yesterday at below the daily average of 350m bonds turnover was low 1.4 billion.
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VituVingiSana
#34 Posted : Friday, March 12, 2010 11:06:33 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,441
Location: Nairobi
LOL... I like the analogy with the 'buy KenGen when it rains'... LOL...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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obiero
#35 Posted : Saturday, November 25, 2023 10:29:03 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,478
Location: nairobi
VituVingiSana wrote:
LOL... I like the analogy with the 'buy KenGen when it rains'... LOL...

Dams are overflowing now.. This site is a treasure trove
COOP 306,100 ABP 31.96, KEGN 112,100 ABP 10.64, MTNU 131,000 ABP 10.21
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obiero
#36 Posted : Wednesday, June 24, 2026 6:13:22 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,478
Location: nairobi
Someone sold FMLY at KES 50 yesterday, talk about beginners luck!
COOP 306,100 ABP 31.96, KEGN 112,100 ABP 10.64, MTNU 131,000 ABP 10.21
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obiero
#37 Posted : Friday, October 16, 2026 5:39:23 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,478
Location: nairobi
Quickmart IPO KES 7.50
COOP 306,100 ABP 31.96, KEGN 112,100 ABP 10.64, MTNU 131,000 ABP 10.21
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MaichBlack
#38 Posted : Saturday, October 17, 2026 1:19:04 PM
Rank: Elder

Joined: 7/22/2009
Posts: 8,051
obiero wrote:
Quickmart IPO KES 7.50

What exactly are people buying and is it worth it?

Does Quickmart own their premises? No!! Leased!

Do they own inventory?? No!

I'm not saying people should not buy BUT they must know what they are buying and the value vis a vis the cost!!!
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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