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The KenolKobil 2015 pendulum
Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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Aguytrying wrote:Magnate wrote:Can someone shed some more light on block trading at the NSE,I normally see million+ block of shares moved without seeing them being offered as asks/bids on the trading boards.How does this happen?,how does the buyer /seller know what millions of shares are on offer? etc. It's negotiated at the broker level before execution Iam wondering too why such huge blocks don't attract a discount instead they go for a relatively higher price than market price,is this a high value stock confirmation? "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove
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mlennyma wrote:Aguytrying wrote:Magnate wrote:Can someone shed some more light on block trading at the NSE,I normally see million+ block of shares moved without seeing them being offered as asks/bids on the trading boards.How does this happen?,how does the buyer /seller know what millions of shares are on offer? etc. It's negotiated at the broker level before execution Iam wondering too why such huge blocks don't attract a discount instead they go for a relatively higher price than market price,is this a high value stock confirmation? Yes.Must be getting a front row seat before FY.
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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mlennyma wrote:Aguytrying wrote:Magnate wrote:Can someone shed some more light on block trading at the NSE,I normally see million+ block of shares moved without seeing them being offered as asks/bids on the trading boards.How does this happen?,how does the buyer /seller know what millions of shares are on offer? etc. It's negotiated at the broker level before execution Iam wondering too why such huge blocks don't attract a discount instead they go for a relatively higher price than market price,is this a high value stock confirmation? Not really a confirmation of high value stock...I have seen this happen quite a lot especially with the likes of Sasini,lets say there is an investor A who has bought KK over the years and is holding quite a substantial number of KK shares then we have an investor B who wants to purchase a huge block of KK without placing his/her huge bid on board as it would create interest in the share and in turn make the share spike upwards...broker for investor B will approach the one for investor A and agree to cross the shares at a price 10% upwards or downwards of previous VVWAP of KK...usually the seller takes the day crossing at a margin above previous VVWAP and at a rate better than MP... possunt quia posse videntur
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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maka wrote:mlennyma wrote:Aguytrying wrote:Magnate wrote:Can someone shed some more light on block trading at the NSE,I normally see million+ block of shares moved without seeing them being offered as asks/bids on the trading boards.How does this happen?,how does the buyer /seller know what millions of shares are on offer? etc. It's negotiated at the broker level before execution Iam wondering too why such huge blocks don't attract a discount instead they go for a relatively higher price than market price,is this a high value stock confirmation? Not really a confirmation of high value stock...I have seen this happen quite a lot especially with the likes of Sasini,lets say there is an investor A who has bought KK over the years and is holding quite a substantial number of KK shares then we have an investor B who wants to purchase a huge block of KK without placing his/her huge bid on board as it would create interest in the share and in turn make the share spike upwards...broker for investor B will approach the one for investor A and agree to cross the shares at a price 10% upwards or downwards of previous VVWAP of KK...usually the seller takes the day crossing at a margin above previous VVWAP and at a rate better than MP... Very common, saw it in a small exchange where the brokers were literally in the next cubicle. Business conducted after hours. I Wonder what happens at the NSE...calls,emails? Life is short. Live passionately.
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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sparkly wrote:maka wrote:mlennyma wrote:Aguytrying wrote:Magnate wrote:Can someone shed some more light on block trading at the NSE,I normally see million+ block of shares moved without seeing them being offered as asks/bids on the trading boards.How does this happen?,how does the buyer /seller know what millions of shares are on offer? etc. It's negotiated at the broker level before execution Iam wondering too why such huge blocks don't attract a discount instead they go for a relatively higher price than market price,is this a high value stock confirmation? Not really a confirmation of high value stock...I have seen this happen quite a lot especially with the likes of Sasini,lets say there is an investor A who has bought KK over the years and is holding quite a substantial number of KK shares then we have an investor B who wants to purchase a huge block of KK without placing his/her huge bid on board as it would create interest in the share and in turn make the share spike upwards...broker for investor B will approach the one for investor A and agree to cross the shares at a price 10% upwards or downwards of previous VVWAP of KK...usually the seller takes the day crossing at a margin above previous VVWAP and at a rate better than MP... Very common, saw it in a small exchange where the brokers were literally in the next cubicle. Business conducted after hours. I Wonder what happens at the NSE...calls,emails? @ Sparkly just a call is enough had even forgotten it also ensures the stocks are not picked by another broker when placed on the board... possunt quia posse videntur
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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Is it not hypocrisy for any govt officer to wonder why kenyan fuel prices didn't fall as widely expected when the same govt introduced new taxes on diesel,there is alot of noise which might cause a review of the formula or scrapping it altogether. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 8/16/2011 Posts: 2,297
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I have not sold any of my shares i hold. Is the Govt still charging CGT (Capital Gains Tax) fter it was scrapped once more after foreign investors tried to move out? Again Govt comes to be the Dog with rbbies that bite its owner. Though we wanted Govt to regulate and control pricing where oil industry was a boom, it has now come to be that its the same Govt now catering for the oil industry where the boom has weathered.
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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Realtreaty wrote:I have not sold any of my shares i hold. Is the Govt still charging CGT (Capital Gains Tax) fter it was scrapped once more after foreign investors tried to move out? Again Govt comes to be the Dog with rbbies that bite its owner. Though we wanted Govt to regulate and control pricing where oil industry was a boom, it has now come to be that its the same Govt now catering for the oil industry where the boom has weathered. i got emails from my brokers early this month indicating CGT was no more,on the oil prices i forsee action on pricing soon "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Chief Joined: 1/3/2007 Posts: 18,107 Location: Nairobi
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mlennyma wrote:Is it not hypocrisy for any govt officer to wonder why kenyan fuel prices didn't fall as widely expected when the same govt introduced new taxes on diesel,there is alot of noise which might cause a review of the formula or scrapping it altogether. #ThisIsKenya Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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mlennyma wrote:Is it not hypocrisy for any govt officer to wonder why kenyan fuel prices didn't fall as widely expected when the same govt introduced new taxes on diesel,there is alot of noise which might cause a review of the formula or scrapping it altogether. Without the formula I think the price per litre can only be higher, I don't see govt reducing its taxes. But omc will happily increase distribution costs and margins. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Chief Joined: 1/3/2007 Posts: 18,107 Location: Nairobi
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Aguytrying wrote:mlennyma wrote:Is it not hypocrisy for any govt officer to wonder why kenyan fuel prices didn't fall as widely expected when the same govt introduced new taxes on diesel,there is alot of noise which might cause a review of the formula or scrapping it altogether. Without the formula I think the price per litre can only be higher, I don't see govt reducing its taxes. But omc will happily increase distribution costs and margins. Inflation. Salaries and rents have increased. As have the prices of many imported (& local) goods. Transport requires trucks (imported), spares (imported) and maintenance - lubes, tyres,etc (imported). Plus I have waited for many years for a payday! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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VituVingiSana wrote:Aguytrying wrote:mlennyma wrote:Is it not hypocrisy for any govt officer to wonder why kenyan fuel prices didn't fall as widely expected when the same govt introduced new taxes on diesel,there is alot of noise which might cause a review of the formula or scrapping it altogether. Without the formula I think the price per litre can only be higher, I don't see govt reducing its taxes. But omc will happily increase distribution costs and margins. Inflation. Salaries and rents have increased. As have the prices of many imported (& local) goods. Transport requires trucks (imported), spares (imported) and maintenance - lubes, tyres,etc (imported). Plus I have waited for many years for a payday! Amen to that. I was just thinking, if a company was bought out during a bear, that would be so sweet. Then you scoop up deals with the loot The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Chief Joined: 1/3/2007 Posts: 18,107 Location: Nairobi
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Aguytrying wrote:VituVingiSana wrote:Aguytrying wrote:mlennyma wrote:Is it not hypocrisy for any govt officer to wonder why kenyan fuel prices didn't fall as widely expected when the same govt introduced new taxes on diesel,there is alot of noise which might cause a review of the formula or scrapping it altogether. Without the formula I think the price per litre can only be higher, I don't see govt reducing its taxes. But omc will happily increase distribution costs and margins. Inflation. Salaries and rents have increased. As have the prices of many imported (& local) goods. Transport requires trucks (imported), spares (imported) and maintenance - lubes, tyres,etc (imported). Plus I have waited for many years for a payday! Amen to that. I was just thinking, if a company was bought out during a bear, that would be so sweet. Then you scoop up deals with the loot Of course, the price offered might not be as much as during a bull market BUT if the price is fair e.g. 15 ... I would look at adding Unga at 35, KenRe at 21, I&M at 99, etc Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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VituVingiSana wrote:Aguytrying wrote:VituVingiSana wrote:Aguytrying wrote:mlennyma wrote:Is it not hypocrisy for any govt officer to wonder why kenyan fuel prices didn't fall as widely expected when the same govt introduced new taxes on diesel,there is alot of noise which might cause a review of the formula or scrapping it altogether. Without the formula I think the price per litre can only be higher, I don't see govt reducing its taxes. But omc will happily increase distribution costs and margins. Inflation. Salaries and rents have increased. As have the prices of many imported (& local) goods. Transport requires trucks (imported), spares (imported) and maintenance - lubes, tyres,etc (imported). Plus I have waited for many years for a payday! Amen to that. I was just thinking, if a company was bought out during a bear, that would be so sweet. Then you scoop up deals with the loot Of course, the price offered might not be as much as during a bull market BUT if the price is fair e.g. 15 ... I would look at adding Unga at 35, KenRe at 21, I&M at 99, etc we are not selling a fully recovered company the time for selling is behind us so may this selling story disappear "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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mlennyma wrote:VituVingiSana wrote:Aguytrying wrote:VituVingiSana wrote:Aguytrying wrote:mlennyma wrote:Is it not hypocrisy for any govt officer to wonder why kenyan fuel prices didn't fall as widely expected when the same govt introduced new taxes on diesel,there is alot of noise which might cause a review of the formula or scrapping it altogether. Without the formula I think the price per litre can only be higher, I don't see govt reducing its taxes. But omc will happily increase distribution costs and margins. Inflation. Salaries and rents have increased. As have the prices of many imported (& local) goods. Transport requires trucks (imported), spares (imported) and maintenance - lubes, tyres,etc (imported). Plus I have waited for many years for a payday! Amen to that. I was just thinking, if a company was bought out during a bear, that would be so sweet. Then you scoop up deals with the loot Of course, the price offered might not be as much as during a bull market BUT if the price is fair e.g. 15 ... I would look at adding Unga at 35, KenRe at 21, I&M at 99, etc we are not selling a fully recovered company the time for selling is behind us so may this selling story disappear Are you expectant of material announcement? I can see you reverberating a rally in a bear market. When is good news likely to trickle in? Tell me please,I want to dive in wholly. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Chief Joined: 1/3/2007 Posts: 18,107 Location: Nairobi
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Spikes wrote:mlennyma wrote:VituVingiSana wrote:Aguytrying wrote:VituVingiSana wrote:Aguytrying wrote:mlennyma wrote:Is it not hypocrisy for any govt officer to wonder why kenyan fuel prices didn't fall as widely expected when the same govt introduced new taxes on diesel,there is alot of noise which might cause a review of the formula or scrapping it altogether. Without the formula I think the price per litre can only be higher, I don't see govt reducing its taxes. But omc will happily increase distribution costs and margins. Inflation. Salaries and rents have increased. As have the prices of many imported (& local) goods. Transport requires trucks (imported), spares (imported) and maintenance - lubes, tyres,etc (imported). Plus I have waited for many years for a payday! Amen to that. I was just thinking, if a company was bought out during a bear, that would be so sweet. Then you scoop up deals with the loot Of course, the price offered might not be as much as during a bull market BUT if the price is fair e.g. 15 ... I would look at adding Unga at 35, KenRe at 21, I&M at 99, etc we are not selling a fully recovered company the time for selling is behind us so may this selling story disappear Are you expectant of material announcement? I can see you reverberating a rally in a bear market. When is good news likely to trickle in? Tell me please,I want to dive in wholly. Lower working capital debt [thanks to lower cost/liter], higher volumes [increase in vehicles] and no more underwater hedges. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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VituVingiSana wrote:Spikes wrote:mlennyma wrote:VituVingiSana wrote:Aguytrying wrote:VituVingiSana wrote:Aguytrying wrote:mlennyma wrote:Is it not hypocrisy for any govt officer to wonder why kenyan fuel prices didn't fall as widely expected when the same govt introduced new taxes on diesel,there is alot of noise which might cause a review of the formula or scrapping it altogether. Without the formula I think the price per litre can only be higher, I don't see govt reducing its taxes. But omc will happily increase distribution costs and margins. Inflation. Salaries and rents have increased. As have the prices of many imported (& local) goods. Transport requires trucks (imported), spares (imported) and maintenance - lubes, tyres,etc (imported). Plus I have waited for many years for a payday! Amen to that. I was just thinking, if a company was bought out during a bear, that would be so sweet. Then you scoop up deals with the loot Of course, the price offered might not be as much as during a bull market BUT if the price is fair e.g. 15 ... I would look at adding Unga at 35, KenRe at 21, I&M at 99, etc we are not selling a fully recovered company the time for selling is behind us so may this selling story disappear Are you expectant of material announcement? I can see you reverberating a rally in a bear market. When is good news likely to trickle in? Tell me please,I want to dive in wholly. Lower working capital debt [thanks to lower cost/liter], higher volumes [increase in vehicles] and no more underwater hedges. Thanks I would consider joining this counter before profit announcement. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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Spikes wrote:VituVingiSana wrote:Spikes wrote:mlennyma wrote:VituVingiSana wrote:Aguytrying wrote:VituVingiSana wrote:Aguytrying wrote:mlennyma wrote:Is it not hypocrisy for any govt officer to wonder why kenyan fuel prices didn't fall as widely expected when the same govt introduced new taxes on diesel,there is alot of noise which might cause a review of the formula or scrapping it altogether. Without the formula I think the price per litre can only be higher, I don't see govt reducing its taxes. But omc will happily increase distribution costs and margins. Inflation. Salaries and rents have increased. As have the prices of many imported (& local) goods. Transport requires trucks (imported), spares (imported) and maintenance - lubes, tyres,etc (imported). Plus I have waited for many years for a payday! Amen to that. I was just thinking, if a company was bought out during a bear, that would be so sweet. Then you scoop up deals with the loot Of course, the price offered might not be as much as during a bull market BUT if the price is fair e.g. 15 ... I would look at adding Unga at 35, KenRe at 21, I&M at 99, etc we are not selling a fully recovered company the time for selling is behind us so may this selling story disappear Are you expectant of material announcement? I can see you reverberating a rally in a bear market. When is good news likely to trickle in? Tell me please,I want to dive in wholly. Lower working capital debt [thanks to lower cost/liter], higher volumes [increase in vehicles] and no more underwater hedges. Thanks I would consider joining this counter before profit announcement. If u are planning to buy and sell at a profit immediately, you might be in for a shock. THIS IS A BEAR MARKET. It's like looking for a needle in a haystack. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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Aguytrying wrote:Spikes wrote:VituVingiSana wrote:Spikes wrote:mlennyma wrote:VituVingiSana wrote:Aguytrying wrote:VituVingiSana wrote:Aguytrying wrote:mlennyma wrote:Is it not hypocrisy for any govt officer to wonder why kenyan fuel prices didn't fall as widely expected when the same govt introduced new taxes on diesel,there is alot of noise which might cause a review of the formula or scrapping it altogether. Without the formula I think the price per litre can only be higher, I don't see govt reducing its taxes. But omc will happily increase distribution costs and margins. Inflation. Salaries and rents have increased. As have the prices of many imported (& local) goods. Transport requires trucks (imported), spares (imported) and maintenance - lubes, tyres,etc (imported). Plus I have waited for many years for a payday! Amen to that. I was just thinking, if a company was bought out during a bear, that would be so sweet. Then you scoop up deals with the loot Of course, the price offered might not be as much as during a bull market BUT if the price is fair e.g. 15 ... I would look at adding Unga at 35, KenRe at 21, I&M at 99, etc we are not selling a fully recovered company the time for selling is behind us so may this selling story disappear Are you expectant of material announcement? I can see you reverberating a rally in a bear market. When is good news likely to trickle in? Tell me please,I want to dive in wholly. Lower working capital debt [thanks to lower cost/liter], higher volumes [increase in vehicles] and no more underwater hedges. Thanks I would consider joining this counter before profit announcement. If u are planning to buy and sell at a profit immediately, you might be in for a shock. THIS IS A BEAR MARKET. It's like looking for a needle in a haystack. You have overlooked the fact that material announcement converts BEARS into BULLS for a particular counter. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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Spikes wrote:Aguytrying wrote:Spikes wrote:VituVingiSana wrote:Spikes wrote:mlennyma wrote:VituVingiSana wrote:Aguytrying wrote:VituVingiSana wrote:Aguytrying wrote:mlennyma wrote:Is it not hypocrisy for any govt officer to wonder why kenyan fuel prices didn't fall as widely expected when the same govt introduced new taxes on diesel,there is alot of noise which might cause a review of the formula or scrapping it altogether. Without the formula I think the price per litre can only be higher, I don't see govt reducing its taxes. But omc will happily increase distribution costs and margins. Inflation. Salaries and rents have increased. As have the prices of many imported (& local) goods. Transport requires trucks (imported), spares (imported) and maintenance - lubes, tyres,etc (imported). Plus I have waited for many years for a payday! Amen to that. I was just thinking, if a company was bought out during a bear, that would be so sweet. Then you scoop up deals with the loot Of course, the price offered might not be as much as during a bull market BUT if the price is fair e.g. 15 ... I would look at adding Unga at 35, KenRe at 21, I&M at 99, etc we are not selling a fully recovered company the time for selling is behind us so may this selling story disappear Are you expectant of material announcement? I can see you reverberating a rally in a bear market. When is good news likely to trickle in? Tell me please,I want to dive in wholly. Lower working capital debt [thanks to lower cost/liter], higher volumes [increase in vehicles] and no more underwater hedges. Thanks I would consider joining this counter before profit announcement. If u are planning to buy and sell at a profit immediately, you might be in for a shock. THIS IS A BEAR MARKET. It's like looking for a needle in a haystack. You have overlooked the fact that material announcement converts BEARS into BULLS for a particular counter. I haven't overlooked. You have symptoms of getting burnt that's why I keep warning you. Anything you buy this year, be ready to hold for 3 years. Speculating in a bear market is suicidal, chances of success are very low. The investor's chief problem - and even his worst enemy - is likely to be himself
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