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Madness at the NSE
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littledove
#1301 Posted : Friday, August 31, 2018 12:55:59 PM
Rank: Veteran

Joined: 7/1/2014
Posts: 927
Location: sky
rwitre wrote:
Blood....blood everywhere. Heavyweights falling. Undervalued firms not attracting interest. Penny stocks just trapping people's capital. And the occasional sudden suspensions by CMA. Only cash rich blue chips seem to be weathering the storm. Those betting that post-2017 elections would be a good time to be on NSE were wrong.


banks were up because of rate cap hope which MPs have voted to retain today, so another round of tanking by banks
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
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obiero
#1302 Posted : Friday, August 31, 2018 1:38:02 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,220
Location: nairobi
littledove wrote:
rwitre wrote:
Blood....blood everywhere. Heavyweights falling. Undervalued firms not attracting interest. Penny stocks just trapping people's capital. And the occasional sudden suspensions by CMA. Only cash rich blue chips seem to be weathering the storm. Those betting that post-2017 elections would be a good time to be on NSE were wrong.


banks were up because of rate cap hope which MPs have voted to retain today, so another round of tanking by banks

The exchange bar warned all and sundry.. This thing being implemented of deposit cap removal will be the immediate death of all small banks. None shall remain

KQ ABP 4.26
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Wakanyugi
#1303 Posted : Friday, August 31, 2018 2:02:19 PM
Rank: Veteran

Joined: 7/3/2007
Posts: 1,635
obiero wrote:
littledove wrote:
rwitre wrote:
Blood....blood everywhere. Heavyweights falling. Undervalued firms not attracting interest. Penny stocks just trapping people's capital. And the occasional sudden suspensions by CMA. Only cash rich blue chips seem to be weathering the storm. Those betting that post-2017 elections would be a good time to be on NSE were wrong.


banks were up because of rate cap hope which MPs have voted to retain today, so another round of tanking by banks

The exchange bar warned all and sundry.. This thing being implemented of deposit cap removal will be the immediate death of all small banks. None shall remain


Where banks are concerned, I don't invest in Companies. I invest in people. I follow Buffets principle 'not to invest in any business that he does not understand.' For me I understand NONE.

So, essentially I will put my money in any Bank (regardless of size) led by Mwangi, Oigara (and Oduor before him) and Muriuki. They are the best money makers around. Mworia used to be in this short list but his association with the DJ (who has a money losing streak stretching for years) scared me away.
"The opposite of a correct statement is a false statement. But the opposite of a profound truth may well be another profound truth." (Niels Bohr)
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sparkly
#1304 Posted : Friday, August 31, 2018 2:42:21 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Wakanyugi wrote:
obiero wrote:
littledove wrote:
rwitre wrote:
Blood....blood everywhere. Heavyweights falling. Undervalued firms not attracting interest. Penny stocks just trapping people's capital. And the occasional sudden suspensions by CMA. Only cash rich blue chips seem to be weathering the storm. Those betting that post-2017 elections would be a good time to be on NSE were wrong.


banks were up because of rate cap hope which MPs have voted to retain today, so another round of tanking by banks

The exchange bar warned all and sundry.. This thing being implemented of deposit cap removal will be the immediate death of all small banks. None shall remain


Where banks are concerned, I don't invest in Companies. I invest in people. I follow Buffets principle 'not to invest in any business that he does not understand.' For me I understand NONE.

So, essentially I will put my money in any Bank (regardless of size) led by Mwangi, Oigara (and Oduor before him) and Muriuki. They are the best money makers around. Mworia used to be in this short list but his association with the DJ (who has a money losing streak stretching for years) scared me away.


Mworia has always been with DJ CK apart from the short stint at TCL.
Life is short. Live passionately.
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Fyatu
#1305 Posted : Friday, August 31, 2018 3:04:00 PM
Rank: Veteran

Joined: 1/20/2011
Posts: 1,820
Location: Nakuru
rwitre wrote:
Blood....blood everywhere. Heavyweights falling. Undervalued firms not attracting interest. Penny stocks just trapping people's capital. And the occasional sudden suspensions by CMA. Only cash rich blue chips seem to be weathering the storm. Those betting that post-2017 elections would be a good time to be on NSE were wrong.



Please share a list of the undervalued firms @rewrite
Dumb money becomes dumb only when it listens to smart money
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rwitre
#1306 Posted : Friday, August 31, 2018 6:50:07 PM
Rank: Member

Joined: 3/8/2018
Posts: 507
Location: Nairobi
Fyatu wrote:
rwitre wrote:
Blood....blood everywhere. Heavyweights falling. Undervalued firms not attracting interest. Penny stocks just trapping people's capital. And the occasional sudden suspensions by CMA. Only cash rich blue chips seem to be weathering the storm. Those betting that post-2017 elections would be a good time to be on NSE were wrong.



Please share a list of the undervalued firms @rewrite


Well for those I've been keeping an eye on, and some I hold...
• DTB - Really mean with dividend payouts
• Britam - Bear effects. Pensive investors.
• Co-op - Bonus shares every other year (a plus for those already in, but price remains at same levels)
• Kenya Re - Has stagnated in a thin price range for so long

High dividend yields compared to the rest of the market peers (above 7%):
• Barclays/ABSA eg. DY here is 8% compared to Equity's 4% or KCB's 5%
• NMG - market hasn't been very kind to this one. But at Sh 85 a share, the DY is 11% going by last years DPS of 10. Factoring in a reduction to DPS to 7, the yield will be 8%.
• Fahari I-Reit. DY 7%
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VyaBureSiachi
#1307 Posted : Friday, August 31, 2018 7:46:02 PM
Rank: New-farer

Joined: 2/27/2018
Posts: 59
Location: Cambrian Dc
rwitre wrote:
Fyatu wrote:
rwitre wrote:
Blood....blood everywhere. Heavyweights falling. Undervalued firms not attracting interest. Penny stocks just trapping people's capital. And the occasional sudden suspensions by CMA. Only cash rich blue chips seem to be weathering the storm. Those betting that post-2017 elections would be a good time to be on NSE were wrong.



Please share a list of the undervalued firms @rewrite


Well for those I've been keeping an eye on, and some I hold...
• DTB - Really mean with dividend payouts
• Britam - Bear effects. Pensive investors.
• Co-op - Bonus shares every other year (a plus for those already in, but price remains at same levels)
• Kenya Re - Has stagnated in a thin price range for so long

High dividend yields compared to the rest of the market peers (above 7%):
• Barclays/ABSA eg. DY here is 8% compared to Equity's 4% or KCB's 5%
• NMG - market hasn't been very kind to this one. But at Sh 85 a share, the DY is 11% going by last years DPS of 10. Factoring in a reduction to DPS to 7, the yield will be 8%.
• Fahari I-Reit. DY 7%

If you are looking for another great buy I'd recommend Williamson tea. Even during lean years you'll always get something for your investment and when times are good they'll feed you very well.
As the market seems to be quite uncertain for the foreseeable future, this is a safe place to park your cash.
If the radiance of a thousand suns were to burst at once into the sky that would be like the splendour of the mighty one.
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sparkly
#1308 Posted : Tuesday, September 04, 2018 2:45:36 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Blood on the streets and my own is all over.
Life is short. Live passionately.
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Ericsson
#1309 Posted : Tuesday, September 04, 2018 3:18:28 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
sparkly wrote:
Blood on the streets and my own is all over.


NIC bank share price goes below 30.
Next will be Centum,real blood on the streets
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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wukan
#1310 Posted : Wednesday, September 05, 2018 3:39:07 PM
Rank: Veteran

Joined: 11/13/2015
Posts: 1,654
sparkly wrote:
Blood on the streets and my own is all over.


Expect more blood there are no savings

Quote:
Capital Markets Authority has expressed concern about the poor saving culture that Kenyans have developed over the last decade.

Chairman James Ndegwa said the poor saving culture has led to fewer companies being listed in the Nairobi Stock Exchange.

A study conducted by the regulator in June indicates Kenya’s gross savings rate has dropped by almost half in 10 years. In 2007, the savings rate was 11.7 per cent but this has dropped to 6.2 per cent at the end of 2017.
Link
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