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ODD lots are my Pain in the wrong Place
Rank: Member Joined: 7/13/2010 Posts: 160 Location: rift Valley-Naks
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Odd lots can be sold together with the rest of the shares but you'll need to quote a shilling less the average mkt price.The problem is that they take a bit of some time but eventually they get sold.Speak to your respective brokers on how to dispose them. ''i can calculate the motion of heavenly bodies,but not the madness of people''-Isaac Newton
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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I also have 60 jubilee but there is no way i can sell below market price.... I'll wait for a split or more bonuses Mark 12:29
Deuteronomy 4:16
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Rank: Member Joined: 7/13/2010 Posts: 160 Location: rift Valley-Naks
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guru267 wrote:I also have 60 jubilee but there is no way i can sell below market price.... I'll wait for a split or more bonuses Not a bad idea for a blue chip stock.You can also accumulate the cheques and re-validate when its a good amount. ''i can calculate the motion of heavenly bodies,but not the madness of people''-Isaac Newton
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Rank: Veteran Joined: 5/23/2010 Posts: 868 Location: La Islas Galápagos
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its ok for me to laugh coz i have odd lots in uchumi, they'll have to split it 100 to 1 for me to sell. thats a vision 2030 A bad day fishing is better than a good day at work
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Rank: New-farer Joined: 6/23/2010 Posts: 52 Location: Majuu
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So if this odd lots are cheaper than the average, am I able to buy for portifolio built up? Especially for the shares I plan for longterm investment? Is that somebody I have to ask my broker about? As an investor I behave like a tick, patiently waiting on grass and larch onto the first cow that shows up. As an investor I dont behave like a tick...I jump off the the cow as soon as am fully engorged before it dies...
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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MBiaLoss, most Kenyans (me included) are too stubborn to sell at below market price. But would you blame us really? Free annual reports for life and free goodies if we wish at the AGMs. Heaven GOD BLESS YOUR LIFE
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Rank: Member Joined: 11/24/2011 Posts: 833
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any development on this odd lot business. i am a proud owner of 13 centum and 20 scangroup shares
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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pariah wrote:any development on this odd lot business. i am a proud owner of 13 centum and 20 scangroup shares I was entitled to 7 shares during NIC's latest rights issue  GOD BLESS YOUR LIFE
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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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youcan'tstopusnow wrote:mBiaLoss, such shares come about as a result of bonuses e.g. if you had 300 nic shares. A 1 for 10 bonus is given. This adds you 30 shares giving you a grand total of 330 shares (I've always wanted to say grand total ) You then sell 300 shares after the bonus books closure (since you can only sell in lots of 100) Thus leaving you with 30 shares, not to mention a lifetime supply of financial reports. If another 1 for 10 bonus is given, you'll have 33 shar es So, with your 33 shares, they declare a 1 for 10, you will be left with 36.3 shares. Can it happen? Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Member Joined: 10/7/2010 Posts: 251 Location: nairobi
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By the way, half of my jubilee holdings, and it is substantial has been built from buying in the old lots board. This is a vital lesson I learnt from going to the trading floor before introduction of CDS and ATS.
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Rank: Member Joined: 10/7/2010 Posts: 251 Location: nairobi
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And I wish the online adding system can put a window for odd lots.
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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dunkang wrote:youcan'tstopusnow wrote:mBiaLoss, such shares come about as a result of bonuses e.g. if you had 300 nic shares. A 1 for 10 bonus is given. This adds you 30 shares giving you a grand total of 330 shares (I've always wanted to say grand total ) You then sell 300 shares after the bonus books closure (since you can only sell in lots of 100) Thus leaving you with 30 shares, not to mention a lifetime supply of financial reports. If another 1 for 10 bonus is given, you'll have 33 shar es So, with your 33 shares, they declare a 1 for 10, you will be left with 36.3 shares. Can it happen? Utapewa 36, most likeky. GOD BLESS YOUR LIFE
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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madebe wrote:And I wish the online adding system can put a window for odd lots.
Dyer and blair platform as the option of buying and selling odd lots...just ask your broker anaweza kusaidia "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Member Joined: 10/7/2010 Posts: 251 Location: nairobi
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yes u can sell the odd lot, but blindly. i meant we should be able to see what is being offered in the odd lots boards. in India and other jurisdictions, there are brokers or people whose only job is to buy odd lots at lower prices and aggregate them to sell for a higher price. that is a job ill love to do!
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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madebe wrote:yes u can sell the odd lot, but blindly. i meant we should be able to see what is being offered in the odd lots boards. in India and other jurisdictions, there are brokers or people whose only job is to buy odd lots at lower prices and aggregate them to sell for a higher price. that is a job ill love to do! I once did that for Centum using the CFC online system. But as you mention, I was flying blind. It was only for a couple of hundred shares though. My take is that easy trading of 'odd lots' should be facilited AT MARKET PRICE. Hii mambo ya multiples of 100 iishe. That is inefficiency. GOD BLESS YOUR LIFE
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Rank: Member Joined: 1/2/2008 Posts: 268 Location: Nairobi
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murchr wrote:madebe wrote:And I wish the online adding system can put a window for odd lots.
Dyer and blair platform as the option of buying and selling odd lots...just ask your broker anaweza kusaidia Yes, even online has the option, but the problem is that you cannot see the prices on offer, you will just fly blind and depend on guess work. I have been buying KenRe odd shares @17.10 and 17.00 for 2 weeks now in lots of 99. I am not sure whether there have been offers with less prices or not. That is the major problem.
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Rank: Veteran Joined: 7/1/2014 Posts: 903 Location: sky
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icecube wrote:murchr wrote:madebe wrote:And I wish the online adding system can put a window for odd lots.
Dyer and blair platform as the option of buying and selling odd lots...just ask your broker anaweza kusaidia Yes, even online has the option, but the problem is that you cannot see the prices on offer, you will just fly blind and depend on guess work. I have been buying KenRe odd shares @17.10 and 17.00 for 2 weeks now in lots of 99. I am not sure whether there have been offers with less prices or not. That is the major problem. I have Kenya re odd lots, I don't know exactly which year they appeared, I will try to sell them at 17 There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
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Rank: Member Joined: 1/2/2008 Posts: 268 Location: Nairobi
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The odd lots appear from bonuses. I faced the same problem but I learned here how to deal with them. Instead of selling, I have been buying more...
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ODD lots are my Pain in the wrong Place
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