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NMG FY 2018 and Beyond
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Queen
#161 Posted : Tuesday, August 11, 2020 9:58:39 AM
Rank: Member

Joined: 11/21/2018
Posts: 564
Location: Britain
sparkly wrote:
Queen wrote:
mulla wrote:
sparkly wrote:
Ericsson wrote:
Queen wrote:
Sufficiently Philanga....thropic wrote:

The capital erosion here is mind boggling.
Never seen a stock nosedive at such an alarming rate.
bids now at 8.50Pray Pray Pray


.....and to imagine that this stock was once referred to as a blue-chip, unbelievable.


It's still a constituent of the NSE 20 share index


Standard Group Market Cap 2.04B, NMG Market Cap 1.70B.

Why is SGL fairing better in the NSE yet they are in the same field?


Conversely, why was NMG always fairing much much better than SGL yet they have always been in the same sector? Therein lies your answer.


Closed at 9.06 today. wtf is happening? Anyone with inside information?


Quite devastating. This stock now reminds me of KQ which I once saw trading at 136/= per share.
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lochaz-index
#162 Posted : Wednesday, August 12, 2020 10:14:39 AM
Rank: Veteran

Joined: 9/18/2014
Posts: 1,127
Sufficiently Philanga....thropic wrote:

The capital erosion here is mind boggling.
Never seen a stock nosedive at such an alarming rate.
bids now at 8.50Pray Pray Pray

Whoa! Are they still paying dividends? This share raced down past SGL and is now trading at almost a third of it. If the market is a discounting mechanism, then there is something horrendously wrong with this one. The collapse is eerily reminiscent of ARM. Hell of a beating.
The main purpose of the stock market is to make fools of as many people as possible.
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Metch
#163 Posted : Friday, August 14, 2020 11:24:13 AM
Rank: Member

Joined: 12/22/2015
Posts: 224
Location: Mombasa, Kenya
lochaz-index wrote:
Sufficiently Philanga....thropic wrote:

The capital erosion here is mind boggling.
Never seen a stock nosedive at such an alarming rate.
bids now at 8.50Pray Pray Pray

Whoa! Are they still paying dividends? This share raced down past SGL and is now trading at almost a third of it. If the market is a discounting mechanism, then there is something horrendously wrong with this one. The collapse is eerily reminiscent of ARM. Hell of a beating.


NMG is in a sharp bounce. Will it sustain?
HY results loading
Start!
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Ebenyo
#164 Posted : Friday, August 14, 2020 6:01:20 PM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,022
Location: Kitale
Metch wrote:
lochaz-index wrote:
Sufficiently Philanga....thropic wrote:

The capital erosion here is mind boggling.
Never seen a stock nosedive at such an alarming rate.
bids now at 8.50Pray Pray Pray

Whoa! Are they still paying dividends? This share raced down past SGL and is now trading at almost a third of it. If the market is a discounting mechanism, then there is something horrendously wrong with this one. The collapse is eerily reminiscent of ARM. Hell of a beating.


NMG is in a sharp bounce. Will it sustain?
HY results loading


Any good news or is it just speculation?
Towards the goal of financial freedom
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Ericsson
#165 Posted : Saturday, August 29, 2020 12:59:12 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,834
Location: NAIROBI
Ebenyo wrote:
Metch wrote:
lochaz-index wrote:
Sufficiently Philanga....thropic wrote:

The capital erosion here is mind boggling.
Never seen a stock nosedive at such an alarming rate.
bids now at 8.50Pray Pray Pray

Whoa! Are they still paying dividends? This share raced down past SGL and is now trading at almost a third of it. If the market is a discounting mechanism, then there is something horrendously wrong with this one. The collapse is eerily reminiscent of ARM. Hell of a beating.


NMG is in a sharp bounce. Will it sustain?
HY results loading


Any good news or is it just speculation?


HY loss before tax at Ksh.328mn
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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obiero
#166 Posted : Saturday, August 29, 2020 5:24:09 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,443
Location: nairobi
Ericsson wrote:
Ebenyo wrote:
Metch wrote:
lochaz-index wrote:
Sufficiently Philanga....thropic wrote:

The capital erosion here is mind boggling.
Never seen a stock nosedive at such an alarming rate.
bids now at 8.50Pray Pray Pray

Whoa! Are they still paying dividends? This share raced down past SGL and is now trading at almost a third of it. If the market is a discounting mechanism, then there is something horrendously wrong with this one. The collapse is eerily reminiscent of ARM. Hell of a beating.


NMG is in a sharp bounce. Will it sustain?
HY results loading


Any good news or is it just speculation?


HY loss before tax at Ksh.328mn

Damn
COOP 306,100 ABP 31.96, KEGN 112,100 ABP 10.64, MTNU 131,000 ABP 10.21
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Metch
#167 Posted : Sunday, August 30, 2020 9:16:42 AM
Rank: Member

Joined: 12/22/2015
Posts: 224
Location: Mombasa, Kenya
obiero wrote:
Ericsson wrote:
Ebenyo wrote:
Metch wrote:
lochaz-index wrote:
Sufficiently Philanga....thropic wrote:

The capital erosion here is mind boggling.
Never seen a stock nosedive at such an alarming rate.
bids now at 8.50Pray Pray Pray

Whoa! Are they still paying dividends? This share raced down past SGL and is now trading at almost a third of it. If the market is a discounting mechanism, then there is something horrendously wrong with this one. The collapse is eerily reminiscent of ARM. Hell of a beating.


NMG is in a sharp bounce. Will it sustain?
HY results loading


Any good news or is it just speculation?


HY loss before tax at Ksh.328mn

Damn


Monday will be a treat
Start!
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Angelica _ann
#168 Posted : Sunday, August 30, 2020 9:53:58 AM
Rank: Elder

Joined: 12/7/2012
Posts: 11,941
Metch wrote:
obiero wrote:
Ericsson wrote:
Ebenyo wrote:
Metch wrote:
lochaz-index wrote:
Sufficiently Philanga....thropic wrote:

The capital erosion here is mind boggling.
Never seen a stock nosedive at such an alarming rate.
bids now at 8.50Pray Pray Pray

Whoa! Are they still paying dividends? This share raced down past SGL and is now trading at almost a third of it. If the market is a discounting mechanism, then there is something horrendously wrong with this one. The collapse is eerily reminiscent of ARM. Hell of a beating.


NMG is in a sharp bounce. Will it sustain?
HY results loading


Any good news or is it just speculation?


HY loss before tax at Ksh.328mn

Damn


Monday will be a treat


Current price has factored the bad news. Price likely to hold for now, I don't expect a (sharp) drop from last week.
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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rwitre
#169 Posted : Monday, September 07, 2020 12:51:08 PM
Rank: Member

Joined: 3/8/2018
Posts: 507
Location: Nairobi
Ericsson wrote:
Ebenyo wrote:
Metch wrote:
lochaz-index wrote:
Sufficiently Philanga....thropic wrote:

The capital erosion here is mind boggling.
Never seen a stock nosedive at such an alarming rate.
bids now at 8.50Pray Pray Pray

Whoa! Are they still paying dividends? This share raced down past SGL and is now trading at almost a third of it. If the market is a discounting mechanism, then there is something horrendously wrong with this one. The collapse is eerily reminiscent of ARM. Hell of a beating.


NMG is in a sharp bounce. Will it sustain?
HY results loading


Any good news or is it just speculation?


HY loss before tax at Ksh.328mn


Current spot price 18.50

Four weeks ago traded at 9.00

Over 100% gain for some fortunate traders.

Nice V-shaped recovery.

Still insisting that NMG was massively oversold by panicking investors. It remains undervalued.
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Ebenyo
#170 Posted : Monday, September 07, 2020 2:46:56 PM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,022
Location: Kitale
rwitre wrote:
Ericsson wrote:
Ebenyo wrote:
Metch wrote:
lochaz-index wrote:
Sufficiently Philanga....thropic wrote:

The capital erosion here is mind boggling.
Never seen a stock nosedive at such an alarming rate.
bids now at 8.50Pray Pray Pray

Whoa! Are they still paying dividends? This share raced down past SGL and is now trading at almost a third of it. If the market is a discounting mechanism, then there is something horrendously wrong with this one. The collapse is eerily reminiscent of ARM. Hell of a beating.


NMG is in a sharp bounce. Will it sustain?
HY results loading


Any good news or is it just speculation?


HY loss before tax at Ksh.328mn


Current spot price 18.50

Four weeks ago traded at 9.00

Over 100% gain for some fortunate traders.

Nice V-shaped recovery.

Still insisting that NMG was massively oversold by panicking investors. It remains undervalued.




For those who entered at 110 like me I think it has been very hard.Many might have panicked sale.But I'm staying put with my abp now being 49 after some buys.
Towards the goal of financial freedom
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