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Transcentury records a 20% rise in its debut.
Rank: Elder Joined: 10/13/2009 Posts: 1,950 Location: in kenya
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It rose to 60/= b4 easing at 55.98 http://af.reuters.com/ar...s/idAFLDE76D06Y20110714
I pity the guy who bought it at 60/= I think he will get seriously burnt. '......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
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Rank: Elder Joined: 7/21/2010 Posts: 6,191 Location: nairobi
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Just a matter of time and the dust settles...this gives me hope to buy more britak and dump at 15 "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Member Joined: 9/21/2006 Posts: 422 Location: Nairobi
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...this is hot air baloon that will come down tumbling, give it a few days. Th 60/= buy could have been one of the shareholders trying to manipulate the price upwards to enable him offload......Ha! Britak ng'o, will wait for it @ 5 bob
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Rank: Elder Joined: 11/27/2007 Posts: 3,604
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What of the volumes. They speak themselves. African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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Rank: Elder Joined: 9/23/2010 Posts: 2,221 Location: Sundowner,Amboseli
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Well, lets see how the price unfolds! @SufficientlyP
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Rank: Chief Joined: 1/3/2007 Posts: 18,223 Location: Nairobi
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These buyers are 'insiders' just bidding the price up. The same thing happened with Firestone/Sameer... Going forward, I expect to see lower prices. I wish I could short TCL... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 6/21/2010 Posts: 514 Location: Nairobi
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Early indications, guys are kind of afraid of this share though its still early to tell. Supply: 489,100 Demand: 15,400 It has been stuck there for sometime. 'They say money cannot buy me happiness but when i compare when i had none and now, i'm happier' Kevin O'leary
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Rank: Chief Joined: 1/3/2007 Posts: 18,223 Location: Nairobi
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BIDS 19,400 Quantity Price Splits Time 4,000 53.00 2 10:11:38 15,400 52.00 2 10:11:38 - - - - - - - - - - - - ASKS 487,600 Quantity Price Splits Time 6,000 56.00 2 10:11:38 10,100 56.50 1 10:11:38 99,200 57.00 2 10:11:38 22,300 58.00 1 10:11:38 100,000 59.00 1 10:11:38 TRADES Quantity Price Time 900 56.00 10:11:36 600 56.00 09:46:19 5,000 56.00 09:46:19 1,000 55.00 09:31:05 800 57.00 09:30:04 Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 1/3/2007 Posts: 18,223 Location: Nairobi
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The 'owners' of TCL will keep it above 50 to 'encourage' buyers but I am staying out. Look at the anemic trading. TCL will not benefit much from the reduced taxes for Listed firms since it doesn't have 'direct' businesses but has Operating Subsidiaries. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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VituVingiSana wrote:These buyers are 'insiders' just bidding the price up. The same thing happened with Firestone/Sameer... Going forward, I expect to see lower prices. I wish I could short TCL...
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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In one year the guys who buy this stock above 50.00, WILL BE CRYING The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Member Joined: 6/21/2010 Posts: 514 Location: Nairobi
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Trading at 52. Total shares traded 53,000. Total asks 515,300 Total bids 20,300. This share is getting a beating. Lets wait for Monday & see but as it looks even the owners cannot drive this share or even the EA cable Half year results given in record time to help TCL's price. 'They say money cannot buy me happiness but when i compare when i had none and now, i'm happier' Kevin O'leary
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Rank: Elder Joined: 7/21/2010 Posts: 6,191 Location: nairobi
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My offer is 30bob..no more or to hell with it. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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Aguytrying wrote:In one year the guys who buy this stock above 50.00, WILL BE CRYING >>> I'll give them a month. The opposite of courage is not cowardice, it's conformity.
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Mr market will teach this guys a lesson...KEEP YOUR OVER PRICED SHARE AT HOME.
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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HAHAHA! Zero/0/Sufuri/Nothing/Kaput/Nunge bids GOD BLESS YOUR LIFE
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Supply 200K. Only a matter of time before it dips below 50 GOD BLESS YOUR LIFE
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Rank: Elder Joined: 11/27/2007 Posts: 3,604
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any incoming news? i mean, these guys must have listed it in the AIM segment so as to reduce the expectations in terms of the volumes traded. how can this be explained... African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Who advised TCL on this thing? This was just pure greed. 50 bob for this piece of.... GOD BLESS YOUR LIFE
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Rank: Elder Joined: 10/13/2009 Posts: 1,950 Location: in kenya
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This share will be like EGAD very unpredictable. It is in the hands of very clever minds. '......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
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Transcentury records a 20% rise in its debut.
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