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Equity to the rest: 'u r finished!'
Rank: Elder Joined: 3/2/2007 Posts: 8,776 Location: Cameroon
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Same day trading of your shares,same day payment of your cash on sale,safe custody of ua shares,use any of its 105 (???) branches countrywide. Damn,EB 4life. U guys r Godsent. Let the MASSIVE EXODUS begin. My lil common sense tells me this is a knockout blow to the small time brokers,move when they can still limp my friends,MOVE! Truest proverb: Mwenda pole hajikwai TULIA.........UFUNZWE!
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Rank: Member Joined: 2/12/2008 Posts: 345
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Trades are settled in 3days..equity's a bank..givin u their own cash upfront jus coz they r sure ur proceeds will come in 3days...watch ur statement..i'm sure they're charging..no bank could forego the chance.
The race is not always to the swift..nor the battle always to the strong..nor food always to the wise..nor riches always to the intelligent..favor is not always to the skilled..or learned..but time and chance happens to all. Ecl9:5..
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Rank: Elder Joined: 3/2/2007 Posts: 8,776 Location: Cameroon
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@J,well,i can bet the majority me n u included can afford to wait longer than 3days. It just gives us an advantage in case of an emergency. Truest proverb: Mwenda pole hajikwai TULIA.........UFUNZWE!
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Rank: Member Joined: 7/17/2008 Posts: 152
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How can they guarantee same day trading of your shares? suppose nobody is willing to buy the shares you are selling. e.g can they guarantee to buy for me Limuru tea shares the same day i order!
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Rank: Elder Joined: 10/18/2008 Posts: 3,434 Location: Kerugoya
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My,my. Language kind sir,language. S**t,Godsend,Halleyuia in one paragraph. Do not invite the wrath of the Almighty. We already have enough to worry about on this market. I DO love Equity though. They are the only salvation for us up country retailers. Live hard,die hard.
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Rank: Member Joined: 2/12/2008 Posts: 345
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Sh22 per share on 19,800shares.... From a spread buy that started in late june on a weekly basis..nice return albeit global crisis!....mmmm... That was thrilling!
The race is not always to the swift..nor the battle always to the strong..nor food always to the wise..nor riches always to the intelligent..favor is not always to the skilled..or learned..but time and chance happens to all. Ecl9:5..
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Rank: Member Joined: 1/11/2008 Posts: 121
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@ Jammo ???? less is more for Architects only!! Less is more....for Architects only!!
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Rank: Elder Joined: 3/2/2007 Posts: 8,776 Location: Cameroon
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@jammo,thats a cool 400k,aint u lucky! How about being sufficiently philanthropic he he Truest proverb: Mwenda pole hajikwai TULIA.........UFUNZWE!
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Rank: Veteran Joined: 11/21/2006 Posts: 1,590
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Jammo-In that case,I don't think you mind being called a pessimist. A pal just made 50% in one week. www.mjengakenya.blogspot.comSehemu ndio nyumba
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Rank: Member Joined: 11/12/2008 Posts: 74
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Ain't a prophet of doom,but this is short lived,i believe ot they are targetting right now is the numbers after you have all moved,they'll stop it. Like they did with same day encashment of salary cheques it was short lived and now they take the normal 4 days.
Like someone asked,how do they guarantee same day trading ot if the demand is higher or lower and vice versa?
Think about it before you jump ship. Remember not all that glitters is GOLD!
For me to live is Jesus Christ,to die is gain
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Rank: Elder Joined: 6/19/2008 Posts: 4,268
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But how much would EB charge for three days as long as i dont have to wait for three days? Depending on what you want to do with the money,that would be negligible. In any case,you might earn it back by selling and buying same day on different shares... by the third day,you might end up with some capital gain on the second share purchased even higher than the charged amount... well,i think it depends on what you look at,the half empty part or half full.
Some deals are like glass. Sometimes it's better to leave them broken than try to hurt yourself putting it back together.
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Rank: Elder Joined: 3/2/2007 Posts: 8,776 Location: Cameroon
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@tutu,u missed my point,do u know how many brokers will tank following the exodus? Already so many are in deep s*** even b4 the migration. I must insist,only the tough will survive. Im better off in EB,4my shares n money. Think harder bro. Truest proverb: Mwenda pole hajikwai TULIA.........UFUNZWE!
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Rank: Member Joined: 11/12/2008 Posts: 74
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@Simonkabz,
nimekusikia kaka but m not a man!!!
For me to live is Jesus Christ,to die is gain
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Rank: Member Joined: 7/16/2008 Posts: 34
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This Equity thing of being in every sector will not end well....just a gut feeling.....why lie i'd be cautious to have my banker taking care of my investments and insurance needs all in one roof!!
The truth shall set you free
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Rank: Member Joined: 8/27/2008 Posts: 70
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Some correction here …EB does not credit your account immediately you give them the sale order (who can ever do that?)…only when they have sold…and then,if you check yr account statement,the proceeds are reflected in the ‘actual balance’… not ‘available balance’. Available balance’ is updated after they receive the actual cash…say in three days or so…
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Rank: Elder Joined: 3/2/2007 Posts: 8,776 Location: Cameroon
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Told u guys,now u can see the kicks of dying horses. Brokers not affiliated to banks are in deep sh**t. Forewarned is forearmed. Truest proverb: Mwenda pole hajikwai TULIA.........UFUNZWE!
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Rank: Member Joined: 3/25/2007 Posts: 55
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EB is the deal,all in one roof
TOMORROW WILL BE BETTER,GOD'S TIMING IS THE BEST
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Rank: Veteran Joined: 5/8/2007 Posts: 885
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Question to all here. if you were to open a college fund for your 1 year old kid,what bank would you go to?? why?? was having chai with some pals and their answers were interesting? got me thinking,most people,deep deep down,do not really trust equity. they bank there,buy/sell shares there,and maintain an account...even several.... but when they get a nice fat cheque.... they bank it at equity...for turnover purposes..... then as soon as it clears they move the funds to their a/cs at BBK,KCB or stanchart........... kwanini jameni?
He who laughs last thinks slowest..
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Rank: Member Joined: 8/18/2007 Posts: 11
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According to business daily one of the reason equity was suspended was because of fast-tracking its client transcation...http://www.bdafrica.com/index.php?option=com_content&task=view&id=13954&Itemid=5812
A penny SAVED is a penny wasted if not INVESTED.
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Rank: Member Joined: 1/13/2009 Posts: 60
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Is EB cutting the arm that feeds it? Does it in wildest dreams imagine it can do without the Brokers....Picking a fight with the brokers is the damnest thing a CDA would get itself in. Guys get real!
The opportunities lie in the challenge. Go for the challenge.
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Equity to the rest: 'u r finished!'
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