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Unga limited takeover
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tandich
#91 Posted : Monday, February 12, 2018 2:16:44 PM
Rank: Member

Joined: 5/6/2008
Posts: 199
To put things in perspective, VWAP is 31.75 and unlikely to move. Only 100 shares went at 60.00
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VituVingiSana
#92 Posted : Monday, February 12, 2018 2:30:39 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,385
Location: Nairobi
tandich wrote:

Did anyone see an announcement of this sort from the NSE?
A few more (small) trades have taken place.

There are some bids and offers but quite divergent.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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  | | Edit by user: Monday, February 12, 2018 2:31 PM | Reason: Not specified
Angelica _ann
#93 Posted : Monday, February 12, 2018 5:23:29 PM
Rank: Elder

Joined: 12/7/2012
Posts: 11,941
Crooks, so who knew the suspensions has been lift?
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Spikes
#94 Posted : Monday, February 12, 2018 5:42:20 PM
Rank: Elder

Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
Angelica _ann wrote:
Crooks, so who knew the suspensions has been lift?

It was done quietly! They didn't want to hype the market while 10% rule was inactive.
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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mlennyma
#95 Posted : Monday, February 12, 2018 6:22:33 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Spikes wrote:
Angelica _ann wrote:
Crooks, so who knew the suspensions has been lift?

It was done quietly! They didn't want to hype the market while 10% rule was inactive.

Why pay 60bob?
"Don't let the fear of losing be greater than the excitement of winning."
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Swenani
#96 Posted : Monday, February 12, 2018 7:00:11 PM
Rank: User

Joined: 8/15/2013
Posts: 13,237
Location: Vacuum
mlennyma wrote:
Spikes wrote:
Angelica _ann wrote:
Crooks, so who knew the suspensions has been lift?

It was done quietly! They didn't want to hype the market while 10% rule was inactive.

Why pay 60bob?


price manipulation
If Obiero did it, Who Am I?
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VituVingiSana
#97 Posted : Monday, February 12, 2018 11:08:07 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,385
Location: Nairobi
Swenani wrote:
mlennyma wrote:
Spikes wrote:
Angelica _ann wrote:
Crooks, so who knew the suspensions has been lift?

It was done quietly! They didn't want to hype the market while 10% rule was inactive.

Why pay 60bob?


price manipulation

First 2 trades at 30/- ... some poor folks got suckered into selling at 30.

Anyway, takeover or not some good news for Unga

Low demand, competition sharply cut wheat prices
https://www.businessdail...301924-vcu4e/index.html

Despite the "competition" it seems that imported wheat has moderated the prices of local wheat allowing for savings to be passed onto consumers who in turn can consume more wheat vs maize (or other substitutes eg rice).
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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obiero
#98 Posted : Tuesday, February 13, 2018 7:09:11 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,338
Location: nairobi
VituVingiSana wrote:
Swenani wrote:
mlennyma wrote:
Spikes wrote:
Angelica _ann wrote:
Crooks, so who knew the suspensions has been lift?

It was done quietly! They didn't want to hype the market while 10% rule was inactive.

Why pay 60bob?


price manipulation

First 2 trades at 30/- ... some poor folks got suckered into selling at 30.

Anyway, takeover or not some good news for Unga

Low demand, competition sharply cut wheat prices
https://www.businessdail...301924-vcu4e/index.html

Despite the "competition" it seems that imported wheat has moderated the prices of local wheat allowing for savings to be passed onto consumers who in turn can consume more wheat vs maize (or other substitutes eg rice).

The 60 bob buyer fellow is strange http://live.mystocks.co.ke/m/stock=UNGA
COOP, IMH, KEGN, KQ, MTNU
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Spikes
#99 Posted : Tuesday, February 13, 2018 8:22:56 AM
Rank: Elder

Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
obiero wrote:
VituVingiSana wrote:
Swenani wrote:
mlennyma wrote:
Spikes wrote:
[quote=Angelica _ann]Crooks, so who knew the suspensions has been lift?

It was done quietly! They didn't want to hype the market while 10% rule was inactive.

Why pay 60bob?


price manipulation

First 2 trades at 30/- ... some poor folks got suckered into selling at 30.

Anyway, takeover or not some good news for Unga

Low demand, competition sharply cut wheat prices
https://www.businessdail...301924-vcu4e/index.html

Despite the "competition" it seems that imported wheat has moderated the prices of local wheat allowing for savings to be passed onto consumers who in turn can consume more wheat vs maize (or other substitutes eg rice).

The 60 bob buyer fellow is strange http://live.mystocks.co.ke/m/stock=UNGA[/quote]

Trading psychology of the 60/- Unga buyer can perfectly be compared to 2.1/- KQ seller. And the converse is true!
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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  | | Edit by user: Tuesday, February 13, 2018 8:24 AM | Reason: Not specified
sparkly
#100 Posted : Tuesday, February 13, 2018 8:29:15 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Spikes wrote:
obiero wrote:
VituVingiSana wrote:
Swenani wrote:
mlennyma wrote:
Spikes wrote:
[quote=Angelica _ann]Crooks, so who knew the suspensions has been lift?

It was done quietly! They didn't want to hype the market while 10% rule was inactive.

Why pay 60bob?


price manipulation

First 2 trades at 30/- ... some poor folks got suckered into selling at 30.

Anyway, takeover or not some good news for Unga

Low demand, competition sharply cut wheat prices
https://www.businessdail...301924-vcu4e/index.html

Despite the "competition" it seems that imported wheat has moderated the prices of local wheat allowing for savings to be passed onto consumers who in turn can consume more wheat vs maize (or other substitutes eg rice).

The 60 bob buyer fellow is strange http://live.mystocks.co.ke/m/stock=UNGA[/quote]

Trading psychology of the 60/- Unga buyer can perfectly be compared to 2.1/- KQ seller. And the converse is true!


Bigger fool theory. Maybe the 60/- buyer is expecting a Rea Vipingo where the offer will be doubled. Who is the fool then?
Life is short. Live passionately.
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