Wazua
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UNGA anyone?
Rank: Elder Joined: 6/27/2008 Posts: 4,114
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Opened trading at 13.50... this is good... and not good... because I haven't finished stocking... 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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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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@Mukiha here also sad and excited at the same time.... 
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Rank: Veteran Joined: 6/17/2009 Posts: 1,619
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Same action as yesterday,trade at 13.50,with supply at 12.65!.And why is it not showing on the wazua ticker for top gainers?
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Rank: Veteran Joined: 1/7/2010 Posts: 1,279 Location: nbi
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Nobody has bitten at that price yet. It needs the price and volumes to go up for a few days to confirm the interest. I think it would be too early for the bull to start now. The Governor of Nyeri - 2017
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Rank: Veteran Joined: 6/17/2009 Posts: 1,619
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@wa-ithaka,even if somebody placed a bid with their broker at 13.50,why would the broker go ahead and execute at the higher price there being lower offers.? Well of course apart from his own interests.
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Rank: Veteran Joined: 1/7/2010 Posts: 1,279 Location: nbi
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cnn- beware of pumpers and dumpers The Governor of Nyeri - 2017
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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@wathaika and cnn its clearly you pple dont want to see Unga up...anyways www.mystocks.co.ke and www.rich.co.ke confirm that there were deals done at 13.50...sellers are setting the price at the moment look at the demand-supply disequilibrium....the only way to get those shares is to bid up...that tells u when the results come in this stock will fly....
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Rank: Veteran Joined: 1/7/2010 Posts: 1,279 Location: nbi
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the deal, et al-why this habit of getting emosional about stocks? I own Unga so I clearly want it to shoot up. Realism is the name of the stock-investing The Governor of Nyeri - 2017
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Wa_ithaka wrote:the deal, et al-why this habit of getting emosional about stocks?
I own Unga so I clearly want it to shoot up.
Realism is the name of the stock-investing the only serious post i have seen from u....i dont expect much either in the short term....i'm a cyborg no emotions here...LOL...
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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cnn wrote:@wa-ithaka,even if somebody placed a bid with their broker at 13.50,why would the broker go ahead and execute at the higher price there being lower offers.? Well of course apart from his own interests. A wazuan is trying to up the price ... mukiha, guru, VVS? Life is short. Live passionately.
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Rank: Chief Joined: 1/3/2007 Posts: 18,120 Location: Nairobi
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sparkly wrote:cnn wrote:@wa-ithaka,even if somebody placed a bid with their broker at 13.50,why would the broker go ahead and execute at the higher price there being lower offers.? Well of course apart from his own interests. A wazuan is trying to up the price ... mukiha, guru, VVS? Stop being an idiot. Why would I want to pat 13.50 for a stock where sellers abound at 12.75? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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[/quote]Stop being an idiot. Why would I... [/quote] @vvs tuliza boli, take a joke bwana Life is short. Live passionately.
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Rank: Chief Joined: 1/3/2007 Posts: 18,120 Location: Nairobi
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Stop being an idiot. Why would I... [/quote] @vvs tuliza boli, take a joke bwana [/quote]Not in this case coz you are accusing (even if jokingly) me of market manipulation which is ILLEGAL in Kenya. Furthermore, what may be a joke to you may be reported to the CMA who has the right to open an investigation. Will I be cleared? YES Do I want the hassle? NO Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 1/7/2010 Posts: 1,279 Location: nbi
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the deal-sense of humour bypass seems a requirement on the "investor" page. The Governor of Nyeri - 2017
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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@VVS there's nothing illegal about bidding up a price.... I remember taking jubilee from 174-190 but dont remember getting arrested for it.... But i can assure you i have nothing to do wit unga's price.... But there is some retail investor out there responsible for this.... No institution can dare touch this stock even if they give a bonus Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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if 13.50 is the right price and you want the shares right away...why should my broker stop me from bidding that high after all we know how illiquid Unga is i had to wait 4 days for my order to go through in between i had to write several emails to my broker...actually retail investors are better than jittery foreign investors...look at Safaricom and KQ supply is always high than the demand...the high wheat prices will increase Unga's margins...the maize waiver is still in place the only thing against them is the weak Shilling which increases input costs...
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Well, at least it breached 13 today (if only for a while) GOD BLESS YOUR LIFE
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Rank: Elder Joined: 6/27/2008 Posts: 4,114
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indeed; it touched 13.50, closed at 12 with a VWAP of 12.76 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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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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@the deal retail investors can be foreign and retail and institutions can be foreign and retail.. But institutions both foreign and local cannot touch this stock based on their principles.... But they'll be forced to look at it only if there is a super dividend yield... Mark 12:29
Deuteronomy 4:16
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Rank: Veteran Joined: 1/7/2010 Posts: 1,279 Location: nbi
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Volumes remain thin. Only 4,000 traded today. The Governor of Nyeri - 2017
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