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Madness at the NSE
Balaa
#1891 Posted : Friday, November 01, 2019 2:58:01 PM
Rank: Member

Joined: 7/6/2018
Posts: 175
Location: Kinshasa
xtina wrote:
lochaz-index wrote:
xtina wrote:
lochaz-index wrote:
xtina wrote:
I must admit I like seeing the green in banking stocks, feel like offloading a few and re-enter later coz I am not sure this green is gonna last long. Then I buy Centum, Unga and BAT.

Is this wise?



I do not know Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly . The past one year has been absolutely dreadful so it is good to see some positive change. Anyway, I have bitten the bullet and will sell a few, let me enjoy while it lasts since I am not sure we will see this green again, at least in the near future and early 2020.

Ride the wave first then sell once the excitement is fizzling out towards the end of November.


Nimetoka (sijauza zote), wale wamebaki all the best and see you end of year/early 2020. That was a sweet journey and reward for being patient for the last one year. Kesho I am also offloading some Safaricom as it seems the results will be good


Am withcha. There's a time for planting and a time for harvesting. If your crop has matured please harvest lest the pests/rodents will come for it and harvest where they dint sow. It's such an irony that I bought into bank stocks when the rate cap came into effect and now I exit when it's about to get liftedsmile
If it don't make dollars, it don't make sense
Sufficiently Philanga....thropic
#1892 Posted : Tuesday, November 05, 2019 1:28:38 PM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
Balaa wrote:
xtina wrote:
lochaz-index wrote:
xtina wrote:
lochaz-index wrote:
xtina wrote:
I must admit I like seeing the green in banking stocks, feel like offloading a few and re-enter later coz I am not sure this green is gonna last long. Then I buy Centum, Unga and BAT.

Is this wise?



I do not know Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly . The past one year has been absolutely dreadful so it is good to see some positive change. Anyway, I have bitten the bullet and will sell a few, let me enjoy while it lasts since I am not sure we will see this green again, at least in the near future and early 2020.

Ride the wave first then sell once the excitement is fizzling out towards the end of November.


Nimetoka (sijauza zote), wale wamebaki all the best and see you end of year/early 2020. That was a sweet journey and reward for being patient for the last one year. Kesho I am also offloading some Safaricom as it seems the results will be good


Am withcha. There's a time for planting and a time for harvesting. If your crop has matured please harvest lest the pests/rodents will come for it and harvest where they dint sow. It's such an irony that I bought into bank stocks when the rate cap came into effect and now I exit when it's about to get liftedsmile


WordApplause Applause Applause
Lessons you learn along the way!
@SufficientlyP
lochaz-index
#1893 Posted : Tuesday, November 05, 2019 2:54:50 PM
Rank: Veteran

Joined: 9/18/2014
Posts: 1,127
Balaa wrote:
xtina wrote:
lochaz-index wrote:
xtina wrote:
lochaz-index wrote:
xtina wrote:
I must admit I like seeing the green in banking stocks, feel like offloading a few and re-enter later coz I am not sure this green is gonna last long. Then I buy Centum, Unga and BAT.

Is this wise?



I do not know Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly . The past one year has been absolutely dreadful so it is good to see some positive change. Anyway, I have bitten the bullet and will sell a few, let me enjoy while it lasts since I am not sure we will see this green again, at least in the near future and early 2020.

Ride the wave first then sell once the excitement is fizzling out towards the end of November.


Nimetoka (sijauza zote), wale wamebaki all the best and see you end of year/early 2020. That was a sweet journey and reward for being patient for the last one year. Kesho I am also offloading some Safaricom as it seems the results will be good


Am withcha. There's a time for planting and a time for harvesting. If your crop has matured please harvest lest the pests/rodents will come for it and harvest where they dint sow. It's such an irony that I bought into bank stocks when the rate cap came into effect and now I exit when it's about to get liftedsmile

Superb contrarian play!
The main purpose of the stock market is to make fools of as many people as possible.
xtina
#1894 Posted : Tuesday, November 05, 2019 7:32:17 PM
Rank: Member

Joined: 6/26/2008
Posts: 399
Kenya Plans Tougher Tax Measures After Seeing Wider Budget Gap


(Bloomberg) -- Kenya is planning legislation that could compel the payment of contested tax bills before courts rule on them, in a bid to boost government revenue and help plug a widening budget deficit.
Over 300 billion shillings ($2.9 billion) is held up in about 1,000 legal disputes before a tax-appeals tribunal and courts, President Uhuru Kenyatta said Tuesday at a meeting in the Kenyan capital, Nairobi. “Most of these cases have stayed for more than two years,” he said.
The government is drafting a bill seeking to empower the tax agency to enforce mandatory payment of tax even when it’s being contested in the courts. The bill will be presented in four months, Kenyatta said.


Kenyatta’s comments come after the National Treasury increased its 2019-20 budget-deficit forecast to 6.2% of gross domestic product from 5.9% earlier following revenue shortfalls. The government also plans to shift its debt-ceiling, effectively opening up room for more borrowing to fund planned infrastructure expansion.














VituVingiSana
#1895 Posted : Tuesday, November 05, 2019 8:18:40 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,342
Location: Nairobi
xtina wrote:
Kenya Plans Tougher Tax Measures After Seeing Wider Budget Gap


(Bloomberg) -- Kenya is planning legislation that could compel the payment of contested tax bills before courts rule on them, in a bid to boost government revenue and help plug a widening budget deficit.
Over 300 billion shillings ($2.9 billion) is held up in about 1,000 legal disputes before a tax-appeals tribunal and courts, President Uhuru Kenyatta said Tuesday at a meeting in the Kenyan capital, Nairobi. “Most of these cases have stayed for more than two years,” he said.
The government is drafting a bill seeking to empower the tax agency to enforce mandatory payment of tax even when it’s being contested in the courts. The bill will be presented in four months, Kenyatta said.


Kenyatta’s comments come after the National Treasury increased its 2019-20 budget-deficit forecast to 6.2% of gross domestic product from 5.9% earlier following revenue shortfalls. The government also plans to shift its debt-ceiling, effectively opening up room for more borrowing to fund planned infrastructure expansion.
A connected firm could cripple a competitor.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
whiteowl
#1896 Posted : Tuesday, November 05, 2019 10:14:21 PM
Rank: Veteran

Joined: 4/16/2014
Posts: 1,420
Location: Bohemian Grove
VituVingiSana wrote:
xtina wrote:
Kenya Plans Tougher Tax Measures After Seeing Wider Budget Gap


(Bloomberg) -- Kenya is planning legislation that could compel the payment of contested tax bills before courts rule on them, in a bid to boost government revenue and help plug a widening budget deficit.
Over 300 billion shillings ($2.9 billion) is held up in about 1,000 legal disputes before a tax-appeals tribunal and courts, President Uhuru Kenyatta said Tuesday at a meeting in the Kenyan capital, Nairobi. “Most of these cases have stayed for more than two years,” he said.
The government is drafting a bill seeking to empower the tax agency to enforce mandatory payment of tax even when it’s being contested in the courts. The bill will be presented in four months, Kenyatta said.


Kenyatta’s comments come after the National Treasury increased its 2019-20 budget-deficit forecast to 6.2% of gross domestic product from 5.9% earlier following revenue shortfalls. The government also plans to shift its debt-ceiling, effectively opening up room for more borrowing to fund planned infrastructure expansion.
A connected firm could cripple a competitor.


This renders the legal process mute.Its like serving a prison sentence before getting the verdict. This is some high level bs coming from PORK!
Ericsson
#1897 Posted : Tuesday, November 05, 2019 11:41:46 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
whiteowl wrote:
VituVingiSana wrote:
xtina wrote:
Kenya Plans Tougher Tax Measures After Seeing Wider Budget Gap


(Bloomberg) -- Kenya is planning legislation that could compel the payment of contested tax bills before courts rule on them, in a bid to boost government revenue and help plug a widening budget deficit.
Over 300 billion shillings ($2.9 billion) is held up in about 1,000 legal disputes before a tax-appeals tribunal and courts, President Uhuru Kenyatta said Tuesday at a meeting in the Kenyan capital, Nairobi. “Most of these cases have stayed for more than two years,” he said.
The government is drafting a bill seeking to empower the tax agency to enforce mandatory payment of tax even when it’s being contested in the courts. The bill will be presented in four months, Kenyatta said.


Kenyatta’s comments come after the National Treasury increased its 2019-20 budget-deficit forecast to 6.2% of gross domestic product from 5.9% earlier following revenue shortfalls. The government also plans to shift its debt-ceiling, effectively opening up room for more borrowing to fund planned infrastructure expansion.
A connected firm could cripple a competitor.


This renders the legal process mute.Its like serving a prison sentence before getting the verdict. This is some high level bs coming from PORK!


After crippling judiciary now comes this.
Uhuru kenyatta should just finish his term and go in peace.
Remaining duration he can't make any meaningful positive change to the economy
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
sparkly
#1898 Posted : Wednesday, November 06, 2019 8:11:49 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Ericsson wrote:
whiteowl wrote:
VituVingiSana wrote:
xtina wrote:
Kenya Plans Tougher Tax Measures After Seeing Wider Budget Gap


(Bloomberg) -- Kenya is planning legislation that could compel the payment of contested tax bills before courts rule on them, in a bid to boost government revenue and help plug a widening budget deficit.
Over 300 billion shillings ($2.9 billion) is held up in about 1,000 legal disputes before a tax-appeals tribunal and courts, President Uhuru Kenyatta said Tuesday at a meeting in the Kenyan capital, Nairobi. “Most of these cases have stayed for more than two years,” he said.
The government is drafting a bill seeking to empower the tax agency to enforce mandatory payment of tax even when it’s being contested in the courts. The bill will be presented in four months, Kenyatta said.


Kenyatta’s comments come after the National Treasury increased its 2019-20 budget-deficit forecast to 6.2% of gross domestic product from 5.9% earlier following revenue shortfalls. The government also plans to shift its debt-ceiling, effectively opening up room for more borrowing to fund planned infrastructure expansion.
A connected firm could cripple a competitor.


This renders the legal process mute.Its like serving a prison sentence before getting the verdict. This is some high level bs coming from PORK!


After crippling judiciary now comes this.
Uhuru kenyatta should just finish his term and go in peace.
Remaining duration he can't make any meaningful positive change to the economy


1. The Drunk Emperor knows very well that the Tax Appeals Tribunal (TAT) was not sitting from March 2018 to September this year;

2. The reason for TAT not sitting is because members' terms expired in March 2018 and his Govt didn't Gazette new members for more than an year;

3. His Govt further cut the budget for the judiciary (which includes the quasi judicial tribunals like the TAT);

4. He tried to use DCI to collect taxes from Keroche, Wines of the World etc but court told him it doesn't world like that;

5. He harrased, arrested and prosecuted KRA officers, cases still in the courts but tax collection didn't rise;

6. He is now complaining of backlog at TAT as if he doesn't know who caused it;

7. Let the guy drink his whisky, go for foreign trips then retire as the most underwhelming president in the history of Kenya.

Life is short. Live passionately.
heri
#1899 Posted : Wednesday, November 06, 2019 8:26:25 AM
Rank: Member

Joined: 9/14/2011
Posts: 869
Location: nairobi
sparkly wrote:
Ericsson wrote:
whiteowl wrote:
VituVingiSana wrote:
xtina wrote:
Kenya Plans Tougher Tax Measures After Seeing Wider Budget Gap


(Bloomberg) -- Kenya is planning legislation that could compel the payment of contested tax bills before courts rule on them, in a bid to boost government revenue and help plug a widening budget deficit.
Over 300 billion shillings ($2.9 billion) is held up in about 1,000 legal disputes before a tax-appeals tribunal and courts, President Uhuru Kenyatta said Tuesday at a meeting in the Kenyan capital, Nairobi. “Most of these cases have stayed for more than two years,” he said.
The government is drafting a bill seeking to empower the tax agency to enforce mandatory payment of tax even when it’s being contested in the courts. The bill will be presented in four months, Kenyatta said.


Kenyatta’s comments come after the National Treasury increased its 2019-20 budget-deficit forecast to 6.2% of gross domestic product from 5.9% earlier following revenue shortfalls. The government also plans to shift its debt-ceiling, effectively opening up room for more borrowing to fund planned infrastructure expansion.
A connected firm could cripple a competitor.


This renders the legal process mute.Its like serving a prison sentence before getting the verdict. This is some high level bs coming from PORK!


After crippling judiciary now comes this.
Uhuru kenyatta should just finish his term and go in peace.
Remaining duration he can't make any meaningful positive change to the economy


1. The Drunk Emperor knows very well that the Tax Appeals Tribunal (TAT) was not sitting from March 2018 to September this year;

2. The reason for TAT not sitting is because members' terms expired in March 2018 and his Govt. didn't Gazette new members for more than an year;

3. His Govt further cut the budget for the judiciary (which includes the quasi judicial tribunals like the TAT);

4. He tried to use DCI to collect taxes from Keroche, Wines of the World etc but court told him it doesn't world like that;

5. He harrased, arrested and prosecuted KRA officers, cases still in the courts but tax collection didn't rise;

5. He is now complaining of backlog at TAT as if he doesn't know who caused it;

6. Let the guy drink his whisky, go for foreign trips then retire as the most underwhelming president in the history of Kenya.



This is madness. You mean we are hurtling through the skies with no pilot . What a mess
Monk
#1900 Posted : Wednesday, November 06, 2019 10:39:42 AM
Rank: Member

Joined: 7/1/2009
Posts: 272
sparkly wrote:
Ericsson wrote:
whiteowl wrote:
VituVingiSana wrote:
xtina wrote:
Kenya Plans Tougher Tax Measures After Seeing Wider Budget Gap


(Bloomberg) -- Kenya is planning legislation that could compel the payment of contested tax bills before courts rule on them, in a bid to boost government revenue and help plug a widening budget deficit.
Over 300 billion shillings ($2.9 billion) is held up in about 1,000 legal disputes before a tax-appeals tribunal and courts, President Uhuru Kenyatta said Tuesday at a meeting in the Kenyan capital, Nairobi. “Most of these cases have stayed for more than two years,” he said.
The government is drafting a bill seeking to empower the tax agency to enforce mandatory payment of tax even when it’s being contested in the courts. The bill will be presented in four months, Kenyatta said.


Kenyatta’s comments come after the National Treasury increased its 2019-20 budget-deficit forecast to 6.2% of gross domestic product from 5.9% earlier following revenue shortfalls. The government also plans to shift its debt-ceiling, effectively opening up room for more borrowing to fund planned infrastructure expansion.
A connected firm could cripple a competitor.


This renders the legal process mute.Its like serving a prison sentence before getting the verdict. This is some high level bs coming from PORK!


After crippling judiciary now comes this.
Uhuru kenyatta should just finish his term and go in peace.
Remaining duration he can't make any meaningful positive change to the economy


1. The Drunk Emperor knows very well that the Tax Appeals Tribunal (TAT) was not sitting from March 2018 to September this year;

2. The reason for TAT not sitting is because members' terms expired in March 2018 and his Govt didn't Gazette new members for more than an year;

3. His Govt further cut the budget for the judiciary (which includes the quasi judicial tribunals like the TAT);

4. He tried to use DCI to collect taxes from Keroche, Wines of the World etc but court told him it doesn't world like that;

5. He harrased, arrested and prosecuted KRA officers, cases still in the courts but tax collection didn't rise;

6. He is now complaining of backlog at TAT as if he doesn't know who caused it;

7. Let the guy drink his whisky, go for foreign trips then retire as the most underwhelming president in the history of Kenya.



Damn, you are fearless! Having had a taste of natural law (forget legal law), I could never speak so plainly. Good luck.
watesh
#1901 Posted : Wednesday, November 06, 2019 10:43:21 AM
Rank: Veteran

Joined: 8/10/2014
Posts: 992
Location: Kenya
xtina wrote:
Kenya Plans Tougher Tax Measures After Seeing Wider Budget Gap


(Bloomberg) -- Kenya is planning legislation that could compel the payment of contested tax bills before courts rule on them, in a bid to boost government revenue and help plug a widening budget deficit.
Over 300 billion shillings ($2.9 billion) is held up in about 1,000 legal disputes before a tax-appeals tribunal and courts, President Uhuru Kenyatta said Tuesday at a meeting in the Kenyan capital, Nairobi. “Most of these cases have stayed for more than two years,” he said.
The government is drafting a bill seeking to empower the tax agency to enforce mandatory payment of tax even when it’s being contested in the courts. The bill will be presented in four months, Kenyatta said.


Kenyatta’s comments come after the National Treasury increased its 2019-20 budget-deficit forecast to 6.2% of gross domestic product from 5.9% earlier following revenue shortfalls. The government also plans to shift its debt-ceiling, effectively opening up room for more borrowing to fund planned infrastructure expansion.















KRA will take advantage and slap people with outrageous tax demands, spend years in court and spend decades to repay back the outrageous amounts they demanded
muandiwambeu
#1902 Posted : Wednesday, November 06, 2019 10:55:58 AM
Rank: Veteran

Joined: 8/28/2015
Posts: 1,247
watesh wrote:
xtina wrote:
Kenya Plans Tougher Tax Measures After Seeing Wider Budget Gap


(Bloomberg) -- Kenya is planning legislation that could compel the payment of contested tax bills before courts rule on them, in a bid to boost government revenue and help plug a widening budget deficit.
Over 300 billion shillings ($2.9 billion) is held up in about 1,000 legal disputes before a tax-appeals tribunal and courts, President Uhuru Kenyatta said Tuesday at a meeting in the Kenyan capital, Nairobi. “Most of these cases have stayed for more than two years,” he said.
The government is drafting a bill seeking to empower the tax agency to enforce mandatory payment of tax even when it’s being contested in the courts. The bill will be presented in four months, Kenyatta said.


Kenyatta’s comments come after the National Treasury increased its 2019-20 budget-deficit forecast to 6.2% of gross domestic product from 5.9% earlier following revenue shortfalls. The government also plans to shift its debt-ceiling, effectively opening up room for more borrowing to fund planned infrastructure expansion.















KRA will take advantage and slap people with outrageous tax demands, spend years in court and spend decades to repay back the outrageous amounts they demanded

It feels mpeketoni every corner of Kenya. No wonder lamu is very unique in it's population census. Feeling like being tax mpeketone and am in freight mood already. Such laws or registrations are outrageous I say.
,Behold, a sower went forth to sow;....
AndyC
#1903 Posted : Wednesday, November 06, 2019 11:38:15 AM
Rank: Member

Joined: 4/21/2015
Posts: 151
muandiwambeu wrote:
watesh wrote:
xtina wrote:
Kenya Plans Tougher Tax Measures After Seeing Wider Budget Gap


(Bloomberg) -- Kenya is planning legislation that could compel the payment of contested tax bills before courts rule on them, in a bid to boost government revenue and help plug a widening budget deficit.
Over 300 billion shillings ($2.9 billion) is held up in about 1,000 legal disputes before a tax-appeals tribunal and courts, President Uhuru Kenyatta said Tuesday at a meeting in the Kenyan capital, Nairobi. “Most of these cases have stayed for more than two years,” he said.
The government is drafting a bill seeking to empower the tax agency to enforce mandatory payment of tax even when it’s being contested in the courts. The bill will be presented in four months, Kenyatta said.


Kenyatta’s comments come after the National Treasury increased its 2019-20 budget-deficit forecast to 6.2% of gross domestic product from 5.9% earlier following revenue shortfalls. The government also plans to shift its debt-ceiling, effectively opening up room for more borrowing to fund planned infrastructure expansion.















KRA will take advantage and slap people with outrageous tax demands, spend years in court and spend decades to repay back the outrageous amounts they demanded

It feels mpeketoni every corner of Kenya. No wonder lamu is very unique in it's population census. Feeling like being tax mpeketone and am in freight mood already. Such laws or registrations are outrageous I say.


This government will go down as one that got everything they wanted but failing terribly as they wanted all the wrong things.
maka
#1904 Posted : Wednesday, November 06, 2019 12:01:34 PM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
AndyC wrote:
muandiwambeu wrote:
watesh wrote:
xtina wrote:
Kenya Plans Tougher Tax Measures After Seeing Wider Budget Gap


(Bloomberg) -- Kenya is planning legislation that could compel the payment of contested tax bills before courts rule on them, in a bid to boost government revenue and help plug a widening budget deficit.
Over 300 billion shillings ($2.9 billion) is held up in about 1,000 legal disputes before a tax-appeals tribunal and courts, President Uhuru Kenyatta said Tuesday at a meeting in the Kenyan capital, Nairobi. “Most of these cases have stayed for more than two years,” he said.
The government is drafting a bill seeking to empower the tax agency to enforce mandatory payment of tax even when it’s being contested in the courts. The bill will be presented in four months, Kenyatta said.


Kenyatta’s comments come after the National Treasury increased its 2019-20 budget-deficit forecast to 6.2% of gross domestic product from 5.9% earlier following revenue shortfalls. The government also plans to shift its debt-ceiling, effectively opening up room for more borrowing to fund planned infrastructure expansion.















KRA will take advantage and slap people with outrageous tax demands, spend years in court and spend decades to repay back the outrageous amounts they demanded

It feels mpeketoni every corner of Kenya. No wonder lamu is very unique in it's population census. Feeling like being tax mpeketone and am in freight mood already. Such laws or registrations are outrageous I say.


This government will go down as one that got everything they wanted but failing terribly as they wanted all the wrong things.


True....
possunt quia posse videntur
mlennyma
#1905 Posted : Wednesday, November 06, 2019 12:41:21 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
maka wrote:
AndyC wrote:
muandiwambeu wrote:
watesh wrote:
xtina wrote:
Kenya Plans Tougher Tax Measures After Seeing Wider Budget Gap


(Bloomberg) -- Kenya is planning legislation that could compel the payment of contested tax bills before courts rule on them, in a bid to boost government revenue and help plug a widening budget deficit.
Over 300 billion shillings ($2.9 billion) is held up in about 1,000 legal disputes before a tax-appeals tribunal and courts, President Uhuru Kenyatta said Tuesday at a meeting in the Kenyan capital, Nairobi. “Most of these cases have stayed for more than two years,” he said.
The government is drafting a bill seeking to empower the tax agency to enforce mandatory payment of tax even when it’s being contested in the courts. The bill will be presented in four months, Kenyatta said.


Kenyatta’s comments come after the National Treasury increased its 2019-20 budget-deficit forecast to 6.2% of gross domestic product from 5.9% earlier following revenue shortfalls. The government also plans to shift its debt-ceiling, effectively opening up room for more borrowing to fund planned infrastructure expansion.















KRA will take advantage and slap people with outrageous tax demands, spend years in court and spend decades to repay back the outrageous amounts they demanded

It feels mpeketoni every corner of Kenya. No wonder lamu is very unique in it's population census. Feeling like being tax mpeketone and am in freight mood already. Such laws or registrations are outrageous I say.


This government will go down as one that got everything they wanted but failing terribly as they wanted all the wrong things.


True....

Total mess,tyranny of destruction
"Don't let the fear of losing be greater than the excitement of winning."
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