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Centum: On your marks, Get Set ...
Rank: Member Joined: 1/15/2010 Posts: 625
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Rank: Member Joined: 4/6/2007 Posts: 31
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Why so? Any reason for this break out?
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Rank: Elder Joined: 12/6/2008 Posts: 3,548
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Kweli! you really know how to pima, can you list the order of the next take offs please? am just curious A New Kenya
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Rank: Veteran Joined: 6/17/2009 Posts: 1,619
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The tune today,better results than last year.It will make people money.But for me it is one i will never touch again,just like Access.
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Rank: Elder Joined: 6/27/2008 Posts: 4,114
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Honestly; I've never had my eye on this counter; it has climbed 45% this year so far. I'd say it is gone! Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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Rank: Member Joined: 1/15/2010 Posts: 625
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As long as the price is right, I will buy any stock on the NSE. Great move by Centum - a good friday
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Rank: New-farer Joined: 1/15/2010 Posts: 81
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cnn wrote:The tune today,better results than last year.It will make people money.But for me it is one i will never touch again,just like Access. cnn I've also been burnt by Accs as well (and many others!) but I take the view that money is like blood - all the same colour. If a counter has the potential to make me money, I buy.
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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cnn next year usilie Access Kenya wakiannounce results. Kila dogi ina siku yake. Remember the 1st rule of investing? Never lose money. What goes down, must come come up. Kama Isaac Newton alisahau hiyo, leo nimewakumbusha. GOD BLESS YOUR LIFE
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Rank: Elder Joined: 6/27/2008 Posts: 4,114
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chikonde wrote:cnn wrote:The tune today,better results than last year.It will make people money.But for me it is one i will never touch again,just like Access. cnn I've also been burnt by Accs as well (and many others!) but I take the view that money is like blood - all the same colour. If a counter has the potential to make me money, I buy. That's quite bold! I'd think twice about putting money into BAT, for example..... Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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Rank: Member Joined: 4/14/2010 Posts: 806 Location: Nairobi
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@mukiha -would you be kind enough to explain the bit on BAT? Is it the reluctance to split? Thanks
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Rank: Veteran Joined: 6/17/2009 Posts: 1,619
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@you..longname. My view is Access will find it very difficult growing in data.I sold it at a 30% loss last year and put the money in CMC @9.80,put fresh money for an average of 11 for the counter.Today i am 24% UP.Access has gone even further south.So i am already laughing as you wait for next year.For me if i dont see growth i will cut my losses without batting an eyelid.The market is full of opportunities elsewhere.
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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cnn wrote:The tune today,better results than last year.It will make people money.But for me it is one i will never touch again,just like Access. @cnn take a long deep look inside yourself and ask, do i want to make money in stocks? If the answer is yes, do some basic reading, suggestions are many on wazua but i cannot over-emphasize the 'intelligent investor'. Otherwise your attitude will get you losing money like water through a sponge... Pun intended, but i do not see why you would not touch centum. Life is short. Live passionately.
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Rank: Elder Joined: 12/6/2008 Posts: 3,548
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Sparkly, i like your enthusiasm but remember Graham 'the stock market is a mix of.....' remember that, then take that look at yourself. I personally think cnn move on ak was ok A New Kenya
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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@cnn.
I absolutely concur with you. I will never touch Access K. Was in the IPO and jumped out when the stock reached 24.
I would like to know why some Directors recently resigned from the company.
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Rank: Veteran Joined: 11/30/2006 Posts: 635
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This accessK market has been hit very hard by two factors;
1. The entry of Safaricom into the data market. AcessK simply has no muscle to fight with the giant Safcom is. It was all good when Safcom was only after individual customers. Acessk could concentrate on corporates. But when Safcom enetered with Safcom Business, then Acessk goose was cooked. Remember there are other reputable competitors like KD, Zuku as well.
2. Buying the OpeNview business. Besides being grossly overpriced, that must go on record as one of the dumbest investment decisions of the last two years. That together with centum's entry into RVR.....
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Rank: Elder Joined: 3/2/2007 Posts: 8,776 Location: Cameroon
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Personally, and fm a layman's point of view, I think AK has been screwed fair n square by safcom. Imagine all those internet enabled fones out there (cybercafes slowly dying, home internet suppressed somewhat), all those modems whose portability make them usable anywhere, making them immensely popular, safcom foray into the corporate world in data provision....AK simply cant grow much, if at all! TULIA.........UFUNZWE!
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Rank: Veteran Joined: 6/17/2009 Posts: 1,619
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@sparkly,its not that if i want to make money in stocks.Its i HAVE made money,and lots of it for that.I have done it my way,and having served me well, that way will go on.
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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Access better sell themselves soon coz safcom is offering UNLIMITED data to small firms for $200... Can AK compete? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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cnn wrote:@sparkly,its not that if i want to make money in stocks.Its i HAVE made money,and lots of it for that.I have done it my way,and having served me well, that way will go on. @cnn relax no dis-respect to your investment skills mean't. Just that IMHO centum is undervalued. Life is short. Live passionately.
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Rank: Veteran Joined: 1/7/2010 Posts: 1,279 Location: nbi
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Centum will announce good numbers for 2009/10 whose year just closed. And from here it upwards and onwards given its gotten rid off the RVR baggage The Governor of Nyeri - 2017
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