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Madness at the NSE
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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wukan wrote: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 With which money does he want people to save? The savings rate has dropped due to deterioration of the state of the economy Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Hello Joined: 8/22/2017 Posts: 6 Location: nrb
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Ericsson wrote:wukan wrote: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 With which money does he want people to save? The savings rate has dropped due to deterioration of the state of the economy How can one save when meeting daily basic needs is a struggle?
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Rank: Elder Joined: 6/23/2009 Posts: 14,213 Location: nairobi
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Natim wrote:Ericsson wrote:wukan wrote: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 With which money does he want people to save? The savings rate has dropped due to deterioration of the state of the economy How can one save when meeting daily basic needs is a struggle? I talked early about the two men but no one was ready to listen
KQ ABP 4.26
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Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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wukan wrote: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 Ouch! Lower savings, lower investments, more GoK borrowing, credit freeze, higher taxes...some vicious cycle this is. It is going to be be a journey of gradual lower lows(like the pre 2002 trend) for the NSE then the final rout to occur possibly when KES gives way. A shock therapy of sorts is needed to rejig the fundies and general psyche of the average citizen. It is however very tough to try and hazard where such will emanate from and the likelihood of such a path being taken. All indications are that GoK is averse to biting the bullet in any way. The main purpose of the stock market is to make fools of as many people as possible.
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Rank: Elder Joined: 9/23/2010 Posts: 2,225 Location: Sundowner,Amboseli
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Meanwhile, today we are on our way to breach the Dec 2011 low of 3070 on the NSE 20. Next stop will be the Jan 2017 low of 2790. If this too is taken out, we shall be staring at the March 2009 lows of 2360. If Uhuru refuses to bite the bullet at this level and tame his huge appetite for loans, then we can look at more rout targeting the September 2002 low of 1005   @SufficientlyP
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Rank: Elder Joined: 12/7/2012 Posts: 11,935
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Rank: Member Joined: 6/15/2013 Posts: 301
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I don't know where I will get the money, but I will. I will not miss that party of sub3000
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Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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Sufficiently Philanga....thropic wrote:Meanwhile, today we are on our way to breach the Dec 2011 low of 3070 on the NSE 20. Next stop will be the Jan 2017 low of 2790. If this too is taken out, we shall be staring at the March 2009 lows of 2360. If Uhuru refuses to bite the bullet at this level and tame his huge appetite for loans, then we can look at more rout targeting the September 2002 low of 1005 I think anything below 3000 will translate into a long winter. From the reaction of KE eurobond yields I would say it is almost a certainty. Of critical importance right now despite the irksome nature of their involvement, is for KE to remain in the good graces of the IMF. Yank that support out and it becomes a very steep and nasty decline across all asset classes. That implies the VAT on petroleum stays and the rate cap goes. Note that yield on the 10yr note has been declining (about a 100bps) since the advent of the caps against a tide of rising global interest rates. The more the cap remains the more destructive the snap will be when it is finally lifted. This is coz it will have to rise that much faster to catch up with the global average for EM/FM. The rate cap has worked in similar fashion to a currency peg and this is a bad environment for the cbk to try and defend it. All things held constant, how KE will navigate next year will be the deciding factor when principal bullet payments on debt come due. The main purpose of the stock market is to make fools of as many people as possible.
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Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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mulla wrote:I don't know where I will get the money, but I will. I will not miss that party of sub3000 Buying will be the easy part. Staying put - awaiting the uptick - in spite of falling or stagnant prices will be the hard part. The main purpose of the stock market is to make fools of as many people as possible.
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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lochaz-index wrote:mulla wrote:I don't know where I will get the money, but I will. I will not miss that party of sub3000 Buying will be the easy part. Staying put - awaiting the uptick - in spite of falling or stagnant prices will be the hard part. To be honest at the moment Id rather buy fixed income... Then with the coupon payments buy stocks... Equities will be down for a while... possunt quia posse videntur
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