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Atlas African Industries ltd HY16
Rank: Chief Joined: 1/3/2007 Posts: 18,350 Location: Nairobi
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sparkly wrote:hisah wrote:This how it is in the hedgefund world! Wanjikus getting taught a thorough lesson...  Absolute thuggery. A good lesson for Wanjiku never to invest in a company whose product she can't see, can't touch. Safaricom?  Just Kidding but one can't see/touch airtime or even "M-Pesa" or data! It's about the management. In a WEAK defense of ADSS, the original business of supplying "oil explorers" crashed and burned as oil prices tumbled from $120 to $30-50. Then the Ethiopians screwed them over. Some things are hard to predict. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru
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VituVingiSana wrote:sparkly wrote:hisah wrote:This how it is in the hedgefund world! Wanjikus getting taught a thorough lesson... Absolute thuggery. A good lesson for Wanjiku never to invest in a company whose product she can't see, can't touch. Safaricom? Just Kidding but one can't see/touch airtime or even "M-Pesa" or data! It's about the management. In a WEAK defense of ADSS, the original business of supplying "oil explorers" crashed and burned as oil prices tumbled from $120 to $30-50. Then the Ethiopians screwed them over. Some things are hard to predict. What can one do to purchase this share ama it has gone the hutchings beamer or Marshalls EA way? Dumb money becomes dumb only when it listens to smart money
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Rank: Chief Joined: 1/3/2007 Posts: 18,350 Location: Nairobi
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Fyatu wrote:VituVingiSana wrote:sparkly wrote:hisah wrote:This how it is in the hedgefund world! Wanjikus getting taught a thorough lesson... Absolute thuggery. A good lesson for Wanjiku never to invest in a company whose product she can't see, can't touch. Safaricom? Just Kidding but one can't see/touch airtime or even "M-Pesa" or data! It's about the management. In a WEAK defense of ADSS, the original business of supplying "oil explorers" crashed and burned as oil prices tumbled from $120 to $30-50. Then the Ethiopians screwed them over. Some things are hard to predict. What can one do to purchase this share ama it has gone the hutchings beamer or Marshalls EA way? Why would you want to buy these shares? If you do want to buy some then read the IM they will/should issue for the new issue of shares BEFORE you buy them. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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Is there some kind of market buckstop/automatic buy/prop for stocks whose prices are approaching sub 1bob? I simply find it odd that homeafrica crashed from KES 25 only to find consistent support at 1 shilling. Same to Mumias, ADSS, Marshall, Eveready, Olympia etc. The main purpose of the stock market is to make fools of as many people as possible.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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lochaz-index wrote:Is there some kind of market buckstop/automatic buy/prop for stocks whose prices are approaching sub 1bob? I simply find it odd that homeafrica crashed from KES 25 only to find consistent support at 1 shilling. Same to Mumias, ADSS, Marshall, Eveready, Olympia etc. I have also noted this silent behaviour. Was ATS programmed not to permit sub KES 1.00 orders?  $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru
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VituVingiSana wrote:Fyatu wrote:VituVingiSana wrote:sparkly wrote:hisah wrote:This how it is in the hedgefund world! Wanjikus getting taught a thorough lesson... Absolute thuggery. A good lesson for Wanjiku never to invest in a company whose product she can't see, can't touch. Safaricom? Just Kidding but one can't see/touch airtime or even "M-Pesa" or data! It's about the management. In a WEAK defense of ADSS, the original business of supplying "oil explorers" crashed and burned as oil prices tumbled from $120 to $30-50. Then the Ethiopians screwed them over. Some things are hard to predict. What can one do to purchase this share ama it has gone the hutchings beamer or Marshalls EA way? Why would you want to buy these shares? If you do want to buy some then read the IM they will/should issue for the new issue of shares BEFORE you buy them. For purely speculative purposes but it seems you can only purchase the new share offered if you are already a shareholder(pre-emption rights). My speculation is motivated by Paul Ndungu's moves in early 2000's that made him a billionaire Dumb money becomes dumb only when it listens to smart money
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Rank: Chief Joined: 1/3/2007 Posts: 18,350 Location: Nairobi
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hisah wrote:lochaz-index wrote:Is there some kind of market buckstop/automatic buy/prop for stocks whose prices are approaching sub 1bob? I simply find it odd that homeafrica crashed from KES 25 only to find consistent support at 1 shilling. Same to Mumias, ADSS, Marshall, Eveready, Olympia etc. I have also noted this silent behaviour. Was ATS programmed not to permit sub KES 1.00 orders? Or folks come in at 1/- as buyers? Pure speculation Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Folks down here are making a killing from casinos...sports betting & online casinos have not really taken off...if they invest in physical gaming slots not necessarily casinos they will make a killing...Us Southerners love gambling...in almost every bar there is a gambling machine...people will be drinking and gambling at the same time...it's a way of life...I have seen it across Southern Africa...Another good thing is Southern Africa is less hostile compared to East Africa unless they start in Angola...also income levels are the highest in Africa...I think this company is better viewed as a start up...you know how start ups are...they can fold anytime!
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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VituVingiSana wrote:hisah wrote:lochaz-index wrote:Is there some kind of market buckstop/automatic buy/prop for stocks whose prices are approaching sub 1bob? I simply find it odd that homeafrica crashed from KES 25 only to find consistent support at 1 shilling. Same to Mumias, ADSS, Marshall, Eveready, Olympia etc. I have also noted this silent behaviour. Was ATS programmed not to permit sub KES 1.00 orders? Or folks come in at 1/- as buyers? Pure speculation Law of absolutes... 1 is the beginning, the Alpha. Below 1 there is nothing. After 1 there is 2. Life is short. Live passionately.
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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sparkly wrote:VituVingiSana wrote:hisah wrote:lochaz-index wrote:Is there some kind of market buckstop/automatic buy/prop for stocks whose prices are approaching sub 1bob? I simply find it odd that homeafrica crashed from KES 25 only to find consistent support at 1 shilling. Same to Mumias, ADSS, Marshall, Eveready, Olympia etc. I have also noted this silent behaviour. Was ATS programmed not to permit sub KES 1.00 orders? Or folks come in at 1/- as buyers? Pure speculation Law of absolutes... 1 is the beginning, the Alpha. Below 1 there is nothing. After 1 there is 2. possunt quia posse videntur
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