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Why investing in the NSE is fool's gold and a waste
Rank: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove
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sparkly wrote:Horton wrote:wukan wrote:Quote:A system outage left Nairobi Securities Exchange (NSE) investors counting heavy losses as trading was halted for about half of the day on Monday. The trading halt, attributed to a ‘technical hitch’ at the NSE, made it impossible to buy or sell shares. It is the latest in a streak of costly glitches at the NSE in recent years. “The NSE wishes to notify market participants, investors, key stakeholders and the general public that trading at the NSE has been temporarily halted due to a technical hitch which occurred on January 8, 2019 at 11.52 a.m.,” said the NSE in a statement. https://www.businessdail...7088-q920bhz/index.html
Did anyone even notice soko mjinga was offline? Lol nope  How did a few hours blackout lead to "heavy losses" Good question.This story doesnt make sense.Also worth noting is that most "system outages" occur during the bear.
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Rank: Member Joined: 1/1/2011 Posts: 396
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whiteowl wrote:sparkly wrote:Horton wrote:wukan wrote:Quote:A system outage left Nairobi Securities Exchange (NSE) investors counting heavy losses as trading was halted for about half of the day on Monday. The trading halt, attributed to a ‘technical hitch’ at the NSE, made it impossible to buy or sell shares. It is the latest in a streak of costly glitches at the NSE in recent years. “The NSE wishes to notify market participants, investors, key stakeholders and the general public that trading at the NSE has been temporarily halted due to a technical hitch which occurred on January 8, 2019 at 11.52 a.m.,” said the NSE in a statement. https://www.businessdail...7088-q920bhz/index.html
Did anyone even notice soko mjinga was offline? Lol nope How did a few hours blackout lead to "heavy losses" Good question.This story doesnt make sense.Also worth noting is that most "system outages" occur during the bear. Firstly, all respectable exchanges, including the NSE, have triggers for suspending trading during a market free-fall. This was not the case here. I think it much more likely that delayed trading driven by changes in dividend taxes drove 2019 trade volumes that overwhelmed the ATS.
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Rank: Elder Joined: 1/8/2018 Posts: 2,212 Location: DC (Dustbowl County)
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ICDC has made a staggering recovery in the past week and a half. Iko kitu.
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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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MugundaMan wrote:ICDC has made a staggering recovery in the past week and a half. Iko kitu. Kumbe you're a stalker to the casino? If Obiero did it, Who Am I?
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Rank: Elder Joined: 12/7/2012 Posts: 11,935
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Swenani wrote:MugundaMan wrote:ICDC has made a staggering recovery in the past week and a half. Iko kitu. Kumbe you're a stalker to the casino? He has always said that he has 1% of his investment portfolio in the NSE casino. In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Elder Joined: 1/8/2018 Posts: 2,212 Location: DC (Dustbowl County)
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Angelica _ann wrote:Swenani wrote:MugundaMan wrote:ICDC has made a staggering recovery in the past week and a half. Iko kitu. Kumbe you're a stalker to the casino? He has always said that he has 1% of his investment portfolio in the NSE casino. I also said I will jump back in when ICDC hits 5 bob and Safcom 10 bob. Casino is very interesting. Reminds me of that ka alleyway on Kimathi st where I usually pass and see gambling addicts playing slots with dazed glazed over looks in their eyes. If gava is not careful crime will skyrocket due to gambling debts. Gambling addiction is worse than crack cocaine - thats why Mumias is still heavily traded!
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Rank: Elder Joined: 7/22/2009 Posts: 7,840
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I will not comment!!! Just visit the linkNever count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Rank: New-farer Joined: 1/15/2019 Posts: 31
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I also prefer for stock that always give us good high dividend yields too. Thank you for sharing this. I am thinking about new strategy and will do homework on this this weekend.
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Rank: Member Joined: 2/20/2007 Posts: 767
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tom_boy wrote:When I reflect on my NSE journey, my major failing has been selling out too early. Examples of shares I held long ago that I sold too early, for no apparent reason include
Equity bank - I held these at initial listing before the very first split.
Safaricom - bought at 6sh and sold at 16 thinking the market was too hot and about to crash. This was in late 2016.
ARM - bought at 9shs many yrs ago. Sold at 15 shortly after. Little did I know I could have ridden it all the was past 100.
C and G at around 10 bob
Sasini at around 10bob
Some stocks I have gotten lucky.
Bought Uchumi at 10bob and sold at 20bob in a space of about 2 months then the scandals happened and price never recovered.
Got KQ at 7 bob, those years and sold at 94shs. Pure luck.
I also remember losing a cummulative 6 figure sum on this same NSE.
All in all, I am wiser now.
I know when others are running scared, its time to buckle down and invest.
My portfolio consists of
NIC at 23 (not complaining)
Bamburi at 183(sold at 150)
WTH at 160 holding
FTGH at 4.5holding.will avg down
Britam at 10.30will avg down
LKL at 4.30holding
TPS at 21.50holding
Jubilee at 460holding
KPL at 3.50sold at 4.50
Kengen at 7.05 holding
Equity at 40averaging down
KCB at 44averaging down
Kk at 15sold at 22
Purchased
CFC at 90.50
Safcon at 21.50
NIC at 22
Of course these are recently acquired positions.
My philosophy is that when everyone thinks the end will not come, its doom and gloom all round, then the light will finally come. Are we there yet, I have no clue, but that time will come.
Have lost less than 10% of my portfolio thus far. Major anxiety with FTGH but looks like company is moving along slowly. Still feels risky to me. My strategy is equal weight on all shares at the point of purchase i.e I put down the same amount of cash on any stock I invest in. They must find it difficult....... those who have taken authority as the truth, rather than truth as the authority. -G. Massey.
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Rank: Elder Joined: 6/23/2009 Posts: 14,226 Location: nairobi
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tom_boy wrote:tom_boy wrote:When I reflect on my NSE journey, my major failing has been selling out too early. Examples of shares I held long ago that I sold too early, for no apparent reason include
Equity bank - I held these at initial listing before the very first split.
Safaricom - bought at 6sh and sold at 16 thinking the market was too hot and about to crash. This was in late 2016.
ARM - bought at 9shs many yrs ago. Sold at 15 shortly after. Little did I know I could have ridden it all the was past 100.
C and G at around 10 bob
Sasini at around 10bob
Some stocks I have gotten lucky.
Bought Uchumi at 10bob and sold at 20bob in a space of about 2 months then the scandals happened and price never recovered.
Got KQ at 7 bob, those years and sold at 94shs. Pure luck.
I also remember losing a cummulative 6 figure sum on this same NSE.
All in all, I am wiser now.
I know when others are running scared, its time to buckle down and invest.
My portfolio consists of
NIC at 23 (not complaining)
Bamburi at 183(sold at 150)
WTH at 160 holding
FTGH at 4.5holding.will avg down
Britam at 10.30will avg down
LKL at 4.30holding
TPS at 21.50holding
Jubilee at 460holding
KPL at 3.50sold at 4.50
Kengen at 7.05 holding
Equity at 40averaging down
KCB at 44averaging down
Kk at 15sold at 22
Purchased
CFC at 90.50
Safcon at 21.50
NIC at 22
Of course these are recently acquired positions.
My philosophy is that when everyone thinks the end will not come, its doom and gloom all round, then the light will finally come. Are we there yet, I have no clue, but that time will come.
Have lost less than 10% of my portfolio thus far. Major anxiety with FTGH but looks like company is moving along slowly. Still feels risky to me. My strategy is equal weight on all shares at the point of purchase i.e I put down the same amount of cash on any stock I invest in. That strategy is difficult to ensure success, since different companies face different dynamics, from management, scale etc.. I would suggest you decipher fundamentals keenly and pursue good dividend paying stocks
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Wazua
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Why investing in the NSE is fool's gold and a waste
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