Rank: Elder Joined: 6/23/2009 Posts: 14,341 Location: nairobi
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sparkly wrote:Gatheuzi wrote:sparkly wrote:Gatheuzi wrote:maka wrote:Gatheuzi wrote:I had got in @ 72. Too bad I did not cost average downwards when the price fell to the level of 20s. All the same I think I will even out soon. Woiiii... @Maka bona watukubusha hizo zida za KQ. I bought in Sep 07 at 72 and watched price drop to 20s around May 2009. However lucky for me I disembarked when price rose to 46 in Oct 2010 booking looses of 36%. Lucky for me this was on low volumes of 1K shares so I lost only 26K. I used the proceeds of 46K to buy DTB at 119 and have never regretted that decision. My first story with KQ was sweet I had only bought 1K shares in 2004 at average of 17 and sold in 2005 at 79 a piece booking 364% gains or KES62K, sadly this was just a small trade I had made. So my net gain in KQ for the 2 trades come to 62-27=35K. Posted in 2015. @Gatheuzi are you still invested? @Sparkly, I already divested from KQ into DTB. As I had explained, the first stock trade in NSE to make me real money was KQ. With 364% gains in less than 2 years, I thought I was a genius. But later on I thought I could be twice lucky which went the other way and lost 36% of the capital. DTB trade was awesome, I disembarked in 2011 and bought "buroti maguta maguta". Stocks are fun and currently I am slowly accumulating SCB mainly for dividends. At least you made money. KQ is unlikely to prosper within our lifetime. Watch and learn COOP, IMH, KEGN, MTNU
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