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Madness at the NSE
mkate_nusu
#1041 Posted : Wednesday, August 17, 2016 3:12:29 PM
Rank: Member

Joined: 5/30/2016
Posts: 332
Location: Kayole
Wonder if these guys are still billionaires with the BEAR mauling portfolios

Low profile billionaires raise their stake at Nairobi bourse-Posted in 2013
KEGN, KPLC, KQ, SCOM
VituVingiSana
#1042 Posted : Thursday, August 18, 2016 12:04:34 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,380
Location: Nairobi
mkate_nusu wrote:
Wonder if these guys are still billionaires with the BEAR mauling portfolios

Low profile billionaires raise their stake at Nairobi bourse-Posted in 2013

Probably. They are not "marginal" billionaires. Plus they have other interests not just the NSE.

Amin Juma, arguably the wealthiest among Kenya’s stock market investors, for instance earned Sh130 million from his stakes in Nation Media Group (NMG) and Diamond Trust Bank for the year ended December 2012. The businessman has 15.6 million shares in NMG and two million shares in DTB worth Sh5 billion. People familiar with Mr Juma’s investment activities say he has since settled on publicly quoted equities as his key asset class. His 8.1 per cent stake in NMG is the second largest after the Aga Khan Fund for Economic Development’s (Akfed) at 44.6 per cent.

His DTB stake is way more than 1bn even in this market. The rest are condiments to enhance his wealth.

John Kibunga Kimani, another stock market mogul, holds more than a million shares in most of the NSE’s blue chips with a total equities portfolio of more than Sh2 billion. His 2.7 million shares in EABL is worth Sh894 million and represents his biggest stock market investment followed by the 2.1 million NMG shares worth Sh636.6 million. Mr Kimani is known to have vast business interests outside the stock market, including transport, construction, and logistics. The businessman, who was brought up in listed agricultural firm Kakuzi’s central Kenya estates, where his father worked, has 4.2 million shares worth Sh336.5 million of the company.

Kakuzi has done well for JKK at 250/- per share so he has 1bn+ just in Kakuzi. Then add the other stakes.

Baloobhai Patel, a director of Pan Africa Insurance, is invariably listed as one of the largest individual shareholders of more than 10 companies on the Nairobi bourse. The 75-year-old has major interests in Pan Africa Insurance, Barclays, Bamburi, DTB, Mumias Sugar, and Safaricom currently valued at Sh2.4 billion. Mr Patel also operates a tour firm Trans-world Safaris where he is the managing director.
Easily worth more than 1bn. Just Carbacid. And if he still has Safaricom then he is laughing all the way to the bank.

Sunil Shah, a former director of KCB, is one such investor with 53.4 million shares in the bank currently valued at Sh2 billion and from which he earned Sh107.3 million in dividends for the year ended December 2012. Regulatory fillings indicate that Mr Shah, who also serves as a director of United Millers Ltd, may be cutting his ownership of KCB.
KCB, properties, etc. I would say 1bn+



Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#1043 Posted : Thursday, August 18, 2016 3:52:14 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,820
Location: NAIROBI
Temporary bull run has lost steam
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#1044 Posted : Thursday, August 18, 2016 4:02:56 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,820
Location: NAIROBI
Profit taking has started with investors targeting the ksh.25bn 10-year bond which closes on Tuesday 23 August 2016.
Safaricom trading a volume of 19.52mn shares
KCB trades a volume of 11.78mn shares
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
wukan
#1045 Posted : Thursday, August 18, 2016 4:24:00 PM
Rank: Veteran

Joined: 11/13/2015
Posts: 1,658
Ericsson wrote:
Temporary bull run has lost steam


The bear still targets 3000. Waiting for the wave 3 fall
VituVingiSana
#1046 Posted : Thursday, August 18, 2016 10:24:16 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,380
Location: Nairobi
Ericsson wrote:
Profit taking has started with investors targeting the ksh.25bn 10-year bond which closes on Tuesday 23 August 2016.
Safaricom trading a volume of 19.52mn shares
KCB trades a volume of 11.78mn shares

Sadly money that should be going to the PRODUCTIVE (real not tenderpreneurs) private sector is going to GoK which is on a spending spree.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#1047 Posted : Friday, August 19, 2016 2:35:40 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,820
Location: NAIROBI
Safaricom so far today has traded 41.2mn shares.
The profit taking taking place isn't a joke.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
littledove
#1048 Posted : Friday, August 19, 2016 2:54:50 PM
Rank: Veteran

Joined: 7/1/2014
Posts: 928
Location: sky
Ericsson wrote:
Safaricom so far today has traded 41.2mn shares.
The profit taking taking place isn't a joke.

on 19, 20,21 and 26 july 2016 abnormal volume more than daily average volume
before special dividend announcement, are they exiting before books closure?
direction of the price after those jumbo volume will give us the answer
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
Sufficiently Philanga....thropic
#1049 Posted : Friday, August 19, 2016 7:47:57 PM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
littledove wrote:
Ericsson wrote:
Safaricom so far today has traded 41.2mn shares.
The profit taking taking place isn't a joke.

on 19, 20,21 and 26 july 2016 abnormal volume more than daily average volume
before special dividend announcement, are they exiting before books closure?
direction of the price after those jumbo volume will give us the answer

Notice the turbo volumes were at a price lower then yesterday's VWAPd'oh!
I also noticed many wanjiku's queuing at 21.25smile RED FLAG
@SufficientlyP
VituVingiSana
#1050 Posted : Wednesday, August 31, 2016 9:30:44 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,380
Location: Nairobi
All banks to reduce interest rates for all (new and existing) loans.
When? [KCB and CFC said 1st Sep]
Other fees?

http://kba.co.ke/media/l...ts-to-existing-customers
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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