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Equity Bank Shares time to sell or not?
obiero
#41 Posted : Thursday, September 08, 2016 1:13:53 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,549
Location: nairobi
watesh wrote:
VituVingiSana wrote:
jwatesh wrote:
Equity will go into the market for more money, most likely a rights issue, to fund expansion into other countries (DRC,Nigeria, Ghana, Zambia) wait for this. I am buying more stocks. Most of their lending is to SMEs hence higher interest rate charges as compared to government lending. The lend out 80% of the value of deposits so in my view they are doing great. Perfect choice for long term investors

2 years later [the above post was written on 8 Sep 2014] and how the market has changed with the Interest Capping Amendment.

Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly got over 600k paper loss in my account from just this stock only, but i still can't find anything better in banking sector apart from KCB maybe. The stock market and govt have been brutal to me Laughing out loudly Laughing out loudly ....however on the bright side, my dividend yield based on my average buying price keeps rising which was my main aim at the end.

Pole. That's a big loss albeit paper

HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
Aguytrying
#42 Posted : Thursday, September 08, 2016 5:15:17 PM
Rank: Elder


Joined: 7/11/2010
Posts: 5,040
obiero wrote:
watesh wrote:
VituVingiSana wrote:
jwatesh wrote:
Equity will go into the market for more money, most likely a rights issue, to fund expansion into other countries (DRC,Nigeria, Ghana, Zambia) wait for this. I am buying more stocks. Most of their lending is to SMEs hence higher interest rate charges as compared to government lending. The lend out 80% of the value of deposits so in my view they are doing great. Perfect choice for long term investors

2 years later [the above post was written on 8 Sep 2014] and how the market has changed with the Interest Capping Amendment.

Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly got over 600k paper loss in my account from just this stock only, but i still can't find anything better in banking sector apart from KCB maybe. The stock market and govt have been brutal to me Laughing out loudly Laughing out loudly ....however on the bright side, my dividend yield based on my average buying price keeps rising which was my main aim at the end.

Pole. That's a big loss albeit paper


Paper loss only hurts when you keep looking at it, as long as company is doing well or going to do well hang on.
The investor's chief problem - and even his worst enemy - is likely to be himself
Plimsoul
#43 Posted : Thursday, September 08, 2016 6:03:52 PM
Rank: Member


Joined: 3/3/2016
Posts: 132
watesh wrote:
VituVingiSana wrote:
jwatesh wrote:
Equity will go into the market for more money, most likely a rights issue, to fund expansion into other countries (DRC,Nigeria, Ghana, Zambia) wait for this. I am buying more stocks. Most of their lending is to SMEs hence higher interest rate charges as compared to government lending. The lend out 80% of the value of deposits so in my view they are doing great. Perfect choice for long term investors

2 years later [the above post was written on 8 Sep 2014] and how the market has changed with the Interest Capping Amendment.

Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly got over 600k paper loss in my account from just this stock only, but i still can't find anything better in banking sector apart from KCB maybe. The stock market and govt have been brutal to me Laughing out loudly Laughing out loudly ....however on the bright side, my dividend yield based on my average buying price keeps rising which was my main aim at the end.


That dividend will definitely have to be cut.
MaichBlack
#44 Posted : Friday, September 09, 2016 12:11:25 AM
Rank: Elder


Joined: 7/22/2009
Posts: 7,460
obiero wrote:
13,298,900 shares sold today.. interesting times

13,298,900 bought today...
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
Impunity
#45 Posted : Friday, September 09, 2016 8:23:45 AM
Rank: Elder


Joined: 3/2/2009
Posts: 26,328
Location: Masada
MaichBlack wrote:
obiero wrote:
13,298,900 shares sold today.. interesting times

13,298,900 bought today...


A bright chap saw penny stock and sold to hapless @wanjiku-obiero.
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.

VituVingiSana
#46 Posted : Friday, September 09, 2016 9:56:52 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,121
Location: Nairobi
mikanjoroge wrote:
edwinmukiri wrote:
meme wrote:
edwinmukiri wrote:
i bougth this share. at 39 bob... is it advicable to buy more at the current price?


Its not time to exit this counter. Hang on till 60. exit date is jan 2015

Does that mean its a good idea to buy more of this shares?


Wazua keeps a good record, some people were spectacularly wrong. I am tempted to say now is a good time to buy and exit at 40, but next year these shares could be less than 15 and some mjuaji will be retrieving my post and highlighting my folly. Decisions, decisions, decisions.

@Mika - Circumstances change. I have bought shares in firms I thought were cheap at the time. Then things change. And I sell out as well. Anyone who says s/he has a 100% winning record is probably lying.

Don't compound your folly. Exit when you feel the circumstances have changed. Or something better comes up.

I bought Olympia & KQ at one time. d'oh! d'oh! d'oh!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
muandiwambeu
#47 Posted : Friday, September 09, 2016 10:13:46 AM
Rank: Veteran


Joined: 8/28/2015
Posts: 1,247
Plimsoul wrote:
watesh wrote:
VituVingiSana wrote:
jwatesh wrote:
Equity will go into the market for more money, most likely a rights issue, to fund expansion into other countries (DRC,Nigeria, Ghana, Zambia) wait for this. I am buying more stocks. Most of their lending is to SMEs hence higher interest rate charges as compared to government lending. The lend out 80% of the value of deposits so in my view they are doing great. Perfect choice for long term investors

2 years later [the above post was written on 8 Sep 2014] and how the market has changed with the Interest Capping Amendment.

Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly got over 600k paper loss in my account from just this stock only, but i still can't find anything better in banking sector apart from KCB maybe. The stock market and govt have been brutal to me Laughing out loudly Laughing out loudly ....however on the bright side, my dividend yield based on my average buying price keeps rising which was my main aim at the end.


That dividend will definitely have to be cut.

figure wise @plimsoul, by what %?
,Behold, a sower went forth to sow;....
Plimsoul
#48 Posted : Friday, September 09, 2016 4:23:16 PM
Rank: Member


Joined: 3/3/2016
Posts: 132
muandiwambeu wrote:
Plimsoul wrote:
watesh wrote:
VituVingiSana wrote:
jwatesh wrote:
Equity will go into the market for more money, most likely a rights issue, to fund expansion into other countries (DRC,Nigeria, Ghana, Zambia) wait for this. I am buying more stocks. Most of their lending is to SMEs hence higher interest rate charges as compared to government lending. The lend out 80% of the value of deposits so in my view they are doing great. Perfect choice for long term investors

2 years later [the above post was written on 8 Sep 2014] and how the market has changed with the Interest Capping Amendment.

Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly got over 600k paper loss in my account from just this stock only, but i still can't find anything better in banking sector apart from KCB maybe. The stock market and govt have been brutal to me Laughing out loudly Laughing out loudly ....however on the bright side, my dividend yield based on my average buying price keeps rising which was my main aim at the end.


That dividend will definitely have to be cut.

figure wise @plimsoul, by what %?


A lot, I think. Maybe half. They paid 2 bob last year, I think 2017 we'll be lucky to get 1 bob.
MaichBlack
#49 Posted : Friday, September 09, 2016 6:40:48 PM
Rank: Elder


Joined: 7/22/2009
Posts: 7,460
Plimsoul wrote:
muandiwambeu wrote:
Plimsoul wrote:
watesh wrote:
VituVingiSana wrote:
jwatesh wrote:
Equity will go into the market for more money, most likely a rights issue, to fund expansion into other countries (DRC,Nigeria, Ghana, Zambia) wait for this. I am buying more stocks. Most of their lending is to SMEs hence higher interest rate charges as compared to government lending. The lend out 80% of the value of deposits so in my view they are doing great. Perfect choice for long term investors

2 years later [the above post was written on 8 Sep 2014] and how the market has changed with the Interest Capping Amendment.

Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly got over 600k paper loss in my account from just this stock only, but i still can't find anything better in banking sector apart from KCB maybe. The stock market and govt have been brutal to me Laughing out loudly Laughing out loudly ....however on the bright side, my dividend yield based on my average buying price keeps rising which was my main aim at the end.


That dividend will definitely have to be cut.

figure wise @plimsoul, by what %?


A lot, I think. Maybe half. They paid 2 bob last year, I think 2017 we'll be lucky to get 1 bob.

You will get you 2 bob. Relax!!!
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
MaichBlack
#50 Posted : Friday, September 09, 2016 6:46:57 PM
Rank: Elder


Joined: 7/22/2009
Posts: 7,460
Impunity wrote:
MaichBlack wrote:
obiero wrote:
13,298,900 shares sold today.. interesting times

13,298,900 bought today...


A bright chap saw penny stock and sold to hapless @wanjiku-obiero.

Penny stock???

Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly

Haki Kenyans will finish me one day!!! Just throwing terms out there because they heard them somewhere.

Link: Taking @Impunity back(??) to school
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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