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Madness at the NSE
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VituVingiSana
#1151 Posted : Monday, April 23, 2018 11:48:21 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
Prices seem to be falling across the board.
For many who have cash on the sidelines, this might a good time to buy share in SELECTED firms.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Ericsson
#1152 Posted : Monday, April 23, 2018 12:33:12 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,811
Location: NAIROBI
https://www.businessdail...4236-yu0es1z/index.html

Safaricom alone is more than 160bn
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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winmak
#1153 Posted : Monday, April 23, 2018 1:53:56 PM
Rank: Member

Joined: 12/1/2007
Posts: 539
Location: Nakuru
VituVingiSana wrote:
Prices seem to be falling across the board.
For many who have cash on the sidelines, this might a good time to buy share in SELECTED firms.

Suggest 2 which are within reasonable price (all good firms seem overpriced at the moment)
For investors as a whole, returns decrease as motion increases ~ WB
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VituVingiSana
#1154 Posted : Monday, April 23, 2018 3:05:19 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
winmak wrote:
VituVingiSana wrote:
Prices seem to be falling across the board.
For many who have cash on the sidelines, this might a good time to buy share in SELECTED firms.

Suggest 2 which are within reasonable price (all good firms seem overpriced at the moment)

My "selections" may be different from yours i.e. your criteria may be different.
I am OK with a lumpy return from firms with lumpy earnings as long as they are good [corporate governance] firms with a modest to good outlook over a 5-10 year period.

I like TPSEA and KK among others. Please note BOTH have challenges in FY 2018.

TPSEA - Huge cash outlay to expand/improve Serena Nairobi among other properties.
KK - High (April 2018 had $75+ from sub-50 in 2017) oil prices will increase financing costs, theft/pilferage and reduce volume sales.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Ebenyo
#1155 Posted : Monday, April 23, 2018 6:56:32 PM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,019
Location: Kitale
Ericsson wrote:
https://www.businessdailyafrica.com/markets/capital/Investors-lose-Sh191bn-NSE-in-two-weeks/4259442-4494236-yu0es1z/index.html

Safaricom alone is more than 160bn


i have read the article but nothing of the sort is mentioned.
Towards the goal of financial freedom
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wukan
#1156 Posted : Monday, April 23, 2018 7:46:20 PM
Rank: Veteran

Joined: 11/13/2015
Posts: 1,654
VituVingiSana wrote:
Prices seem to be falling across the board.
For many who have cash on the sidelines, this might a good time to buy share in SELECTED firms.


Dollar shorts are being squeezed and the frontier markets are the first assets to be dumped to cover the margin call. Don't catch falling knives.
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obiero
#1157 Posted : Monday, April 23, 2018 7:58:28 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,251
Location: nairobi
wukan wrote:
VituVingiSana wrote:
Prices seem to be falling across the board.
For many who have cash on the sidelines, this might a good time to buy share in SELECTED firms.


Dollar shorts are being squeezed and the frontier markets are the first assets to be dumped to cover the margin call. Don't catch falling knives.

Agreed

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VituVingiSana
#1158 Posted : Monday, April 23, 2018 10:42:37 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
wukan wrote:
VituVingiSana wrote:
Prices seem to be falling across the board.
For many who have cash on the sidelines, this might a good time to buy share in SELECTED firms.


Dollar shorts are being squeezed and the frontier markets are the first assets to be dumped to cover the margin call. Don't catch falling knives.
Quality firms at fair prices are a-OK in my book. That's why I used the term SELECTED...

Warren Buffett: "Price is what you pay. Value is what you get."
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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VituVingiSana
#1159 Posted : Monday, April 23, 2018 11:07:05 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
Warren Buffett Lessons:

9) Invest for the Long Term
“Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years.”

10) Buy It Thinking You Will Hold It Forever
“Our favorite holding period is forever.”

17) Make Your Own Forecasts
“Forecasts may tell you a great deal about the forecaster; they tell you nothing about the future.”

21) Invest Only in Companies You Know and Trust
“An investor should act as though he had a lifetime decision card with just twenty punches on it.”

24) Seize Great Opportunities and Load Up the Truck
“Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble.”

27) Make Long-Term Investments Over Short Term Ones
“If you aren’t thinking about owning a stock for 10 years, don’t even think about owning it for 10 minutes.”
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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kaimbaga2012
#1160 Posted : Tuesday, April 24, 2018 12:09:31 PM
Rank: New-farer

Joined: 10/25/2011
Posts: 67
wukan wrote:
VituVingiSana wrote:
Prices seem to be falling across the board.
For many who have cash on the sidelines, this might a good time to buy share in SELECTED firms.


Dollar shorts are being squeezed and the frontier markets are the first assets to be dumped to cover the margin call. Don't catch falling knives.



Which shares would you recommend one to buy as the prices come down
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