Jokes of the dayNumber One:Robert Ochieng > Young Nairobi Stock Exchange Investors
NSE Proverbs:
1. KPLC costs Will be passed down to customers
2. Safaricom is overvalued
Number Two:Never underestimate yourself and the value of humble beginnings and patience:
Imagine the asset value of tomatoes is currently higher than the market value of each share of:
1.KPLC.
2.Mumias Sugar
3.Home Africa
4.Eveready
5.Housing finance.
Tomatoes are currently trading at near value of:
1.KCB
2.Equity bank
3.Nation media
4.NIC bank
Time and chance is a master equalizer. Respect everyone around you.
Don't you think CMA should now list tomatoes under commodities?
24 February at 10:10
Number Three:What's on your mind?
KQ imetangaza imepoteza 800 millions kutokana nakufutiliwa mbali kwa safari za ndege za moja kwa moja za CHINA kutokana na ugojwa wa CORONA VIRUS, but ata kama zingekuwa sinaendelea at end of it all, KQ INGETANGAZA LOSS YA MA BILLIONS, LAST WHEN KQ POSTED PROFIT WAS 2012, na hakukuwa na corona virus, ama ebora in west Africa.
Number Four:Claire Nsengiyumva > Young Nairobi Stock Exchange InvestorsHello dear brothers and sisters! I am SO HAPPY to be here! I live in 🇺🇸 and want to invest in my motherland.
My goal is to
1. Invest in the Nairobi stock exchange
2. Share investing information with African expats living in 🇺🇸, and help them invest back home too! Lets connect!
23 January at 17:18
Roy KaruthiruMy goodness why would anybody in US want to invest in NSE or East Africa to begin with?
That's like switching a Porsche for Demio.
Makes no sense, stick with the dollars its a zombie world down here.
Wilson VenturesFrom the Zombie world, I went to google world to seek who are zombies in character and in nature.
However, I found them to be totally different from the zombies that are found in NSE.
The ones that I found appear to be fictional non beings that can only be found in horror movies.
I extended my search to briefly find out what non zombie markets are offering by picking some counters that I normally hear about with the following current prices converted in Zombie currency,
1) Amazon 2,17,893/= kshs,
2) Apple 32,384/= kshs,
3) Netflix 39,063/=
4) Facebook 21,715/=
5) Microsoft 18,663/=
and finally
6) Google 1,53,519/= per share.
I had checked these prices on 21-2-2020 12 noon and by the latest prices, Amazon has dropped by around 5,900 kshs while the others had all ceded at least 500 kshs.
Based on the above share prices it is evident that some markets are not for everyone.
Some markets would demand huge investments for the deal to be of a meaningful economical sense.
A single amazon share can buy 14,526 Co-op shares currently.
On the side of dividends, I found that they are all poor, very poor dividends payers for those that pays.
Based on the above share prices they pay below 2.8% return. while in NSE we find some counters paying above 10%.
Equally and finally what I would fear most is the volatility of those high value shares, while I don't dispute that one can make gains, Like in any other market, looses can also be huge in a bad season/situations.
In my own personal conclusion, I would say that it makes real sense for someone to consider investing/diversifying in NSE in its current form.
If a person can pick a fundamentally sound counters I would refer to it as a wise idea albeit a zombie wisdom.