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What's the Worst mistake and/Best decision you have made in the NSE todate?
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mukiha
#101 Posted : Tuesday, August 03, 2010 10:19:10 PM
Rank: Elder


Joined: 6/27/2008
Posts: 4,114
2012 wrote:
mukiha wrote:
WORST: buying Kenya Finance Bank and advising 3 friends to follow me.... It folded before the end of the year and we lost all our cash!



Was it OTC? I don't remember ever seeing this counter trading in the bourse.

@2012; KFB was a listed bank; previously known as Kenya Finance Corporation - used to sponsor the "Professional View" programme on VoK. Was associated with FT Nyammo founder of Inoorero University [formerly, KSPS]

BTW; OTC was also a listed company! That's the bus company which gave the name "OTC" to the bus-stage in Nairobi.... but I never owned their shares...
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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guru267
#102 Posted : Tuesday, August 03, 2010 10:43:24 PM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
mukiha wrote:
2012 wrote:
mukiha wrote:
WORST: buying Kenya Finance Bank and advising 3 friends to follow me.... It folded before the end of the year and we lost all our cash!



Was it OTC? I don't remember ever seeing this counter trading in the bourse.

@2012; KFB was a listed bank; previously known as Kenya Finance Corporation - used to sponsor the "Professional View" programme on VoK. Was associated with FT Nyammo founder of Inoorero University [formerly, KSPS]

BTW; OTC was also a listed company! That's the bus company which gave the name "OTC" to the bus-stage in Nairobi.... but I never owned their shares...

Hearing of defunct listed companies and investors losing their money sends chills down my spine like no one knows
Mark 12:29
Deuteronomy 4:16
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sparkly
#103 Posted : Tuesday, August 03, 2010 10:50:22 PM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
@cicero with retrospect uchumi was a good investment. How many companies get to be rescued by the government, and the fraudsters prosecuted? When they get re-listed i might buy, if the price is right (below NAV), as people rush to dispose.
Life is short. Live passionately.
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youcan'tstopusnow
#104 Posted : Tuesday, August 03, 2010 11:15:32 PM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
sparkly wrote:
@cicero with retrospect uchumi was a good investment. How many companies get to be rescued by the government, and the fraudsters prosecuted? When they get re-listed i might buy, if the price is right (below NAV), as people rush to dispose.

DJ C.K is still living the life. Bet he doesn't give a damn about Cicero and his shares. Cicero, maximum of 9 months, i see uchumi coming back to the bourse. But Tusky's is the old Uchumi
GOD BLESS YOUR LIFE
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youcan'tstopusnow
#105 Posted : Tuesday, August 03, 2010 11:20:56 PM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
guru, if its any consolation, I'm sure Mumias and Jubilee will stand the test of time
GOD BLESS YOUR LIFE
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sparkly
#106 Posted : Wednesday, August 04, 2010 6:58:46 AM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
[/quote]
DJ C.K is still living the life. Bet he doesn't give a damn about Cicero and his... [/quote]
the bugger, is he still a director?
Life is short. Live passionately.
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youcan'tstopusnow
#107 Posted : Wednesday, August 04, 2010 9:31:46 AM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
sparkly wrote:

DJ C.K is still living the life. Bet he doesn't give a damn about Cicero and his... [/quote]
the bugger, is he still a director? [/quote]
I don't know whether he's still a director, but I I highly doubt whether he's still around. Though maybe in centum's board (if not, surely his proxies) since he controls 26.82 percent of the company
GOD BLESS YOUR LIFE
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Chaka
#108 Posted : Wednesday, August 04, 2010 12:47:07 PM
Rank: Elder


Joined: 2/16/2007
Posts: 2,114
@2012,
Does OTC mean 'over the counter' or 'overseas transport company' ?
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sparkly
#109 Posted : Wednesday, August 04, 2010 2:12:53 PM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Chaka wrote:
@2012,
Does OTC mean 'over the counter' or 'overseas transport company' ?

it means whatever you want it to mean, thats why you define the initials in parenthesis first.
Life is short. Live passionately.
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ProverB
#110 Posted : Wednesday, August 04, 2010 3:00:17 PM
Rank: Veteran


Joined: 3/12/2010
Posts: 1,199
Location: Eastlander
obiero wrote:
proverb u have made soo many mistakes. u make me feel good about my faults. they pale soo much in comparison to urs.


smile smile
Lessons learnt.. i've made more than i lost..and smartly too.. smile smile
..Let your light so shine before men, that they may see your good works, and glorify your Father which is in heaven...Matt5:16
- 1769 Oxford King James Bible 'Authorized Version
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VituVingiSana
#111 Posted : Wednesday, August 04, 2010 4:44:59 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,136
Location: Nairobi
@mukiha - We are old... LOL... When you mentioned KFB (formerly KFC) which was ft nyammo & thugs! I had KFB too... they gave a huge bonus at the last minute then collapsed soon thereafter!

They 'forced' Pan Africa Insurance to 'invest' in KFB since ft & cronies controlled PAI too...

Anyway, PAI then got Sanlam as a majority shareholder...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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kyt
#112 Posted : Wednesday, August 04, 2010 4:52:50 PM
Rank: Elder


Joined: 11/7/2007
Posts: 2,182
that was way too far!! this is the first time in my LIFE that i am hearing of KTB. OTC to me was a bus company that i never rode in. i just heard it in passing. my mistake was buying in sameer at 36 then sold at 12.5 yikes that was painful
LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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