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Kenya Power HY 2019

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madhaquer		#21 Posted : Tuesday, February 26, 2019 12:31:25 PM
Rank: Member Joined: 11/10/2010 Posts: 281 Location: Nairobi		I bought this stock at 17.25 in mid 2015. I'm looking at over 75% loss on that trade. I should just have drunk that money or put it in the sacco or created a sportpesa account. It's just ridiculous!
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Superprime1		#22 Posted : Tuesday, February 26, 2019 4:54:05 PM
Rank: Member Joined: 5/2/2018 Posts: 267		madhaquer wrote: I bought this stock at 17.25 in mid 2015. I'm looking at over 75% loss on that trade. I should just have drunk that money or put it in the sacco or created a sportpesa account. It's just ridiculous! Why not consider averaging down?
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madhaquer		#23 Posted : Thursday, February 28, 2019 8:06:14 PM
Rank: Member Joined: 11/10/2010 Posts: 281 Location: Nairobi		I'm considering to exit the market for now. Of all my 2015 trades, only kcb has positive price gains and even that is 14%. The NSE isn't a good consideration as a short term parking for money.
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muandiwambeu		#24 Posted : Thursday, February 28, 2019 9:16:03 PM
Rank: Veteran Joined: 8/28/2015 Posts: 1,247		madhaquer wrote: I'm considering to exit the market for now. Of all my 2015 trades, only kcb has positive price gains and even that is 14%. The NSE isn't a good consideration as a short term parking for money. Stock market do get rougue at tyms ,Behold, a sower went forth to sow;....
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Horton		#25 Posted : Thursday, February 28, 2019 9:57:33 PM
Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi		madhaquer wrote: I'm considering to exit the market for now. Of all my 2015 trades, only kcb has positive price gains and even that is 14%. The NSE isn't a good consideration as a short term parking for money. If you invested that money in Cytonn. In 3 years u would have made a net of 45% (18% is before tax)
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madhaquer		#26 Posted : Friday, March 01, 2019 7:10:55 AM
Rank: Member Joined: 11/10/2010 Posts: 281 Location: Nairobi		Horton wrote: madhaquer wrote: I'm considering to exit the market for now. Of all my 2015 trades, only kcb has positive price gains and even that is 14%. The NSE isn't a good consideration as a short term parking for money. If you invested that money in Cytonn. In 3 years u would have made a net of 45% (18% is before tax) It wasn't a big enough investment to attract the Cytonn money managers. If only we could predict the future. Market outcomes are a matter of hindsight.
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deadpoet		#27 Posted : Friday, March 01, 2019 7:57:47 AM
Rank: Member Joined: 9/27/2006 Posts: 506		Superprime1 wrote: madhaquer wrote: I bought this stock at 17.25 in mid 2015. I'm looking at over 75% loss on that trade. I should just have drunk that money or put it in the sacco or created a sportpesa account. It's just ridiculous! Why not consider averaging down? S/He might have to buy even more shares than his original purchase to average down effectively.
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Superprime1		#28 Posted : Friday, March 01, 2019 8:32:07 AM
Rank: Member Joined: 5/2/2018 Posts: 267		deadpoet wrote: Superprime1 wrote: madhaquer wrote: I bought this stock at 17.25 in mid 2015. I'm looking at over 75% loss on that trade. I should just have drunk that money or put it in the sacco or created a sportpesa account. It's just ridiculous! Why not consider averaging down? S/He might have to buy even more shares than his original purchase to average down effectively. Sure. The challenge with averaging down comes about when you are already deep inside with both feet; otherwise it should be possible over time. You can take heart in the fact that Kenya Power isn't going anywhere in the foreseeable future (until the law changes to intro competition in electricity vending), which could give you time to average down and perhaps exit at a profit.
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Mucher		#29 Posted : Wednesday, March 06, 2019 5:22:20 PM
Rank: New-farer Joined: 1/15/2019 Posts: 33		I just cannot distinguish what is generally wrong with this company? It is posting decreased profits but sales are up. Electricity business has always been good business as costs of operations should be relatively constant and market is relatively stable as everybody needs electricity
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VituVingiSana		#30 Posted : Wednesday, March 27, 2019 4:48:23 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,347 Location: Nairobi		Mucher wrote: I just cannot distinguish what is generally wrong with this company? It is posting decreased profits but sales are up. Electricity business has always been good business as costs of operations should be relatively constant and market is relatively stable as everybody needs electricity Does this help? https://www.standardmedi...taff-in-sh1b-token-fraud Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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