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Nation Media Group HY 2019 profit down 24%
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sparkly
#91 Posted : Thursday, February 25, 2021 7:54:51 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
maka wrote:
sparkly wrote:
Ebenyo wrote:
Ericsson wrote:
https://mobile.twitter.com/tradingroomke/status/1364812872942039040/photo/1

NMG wants to do a share buyback of 10% of its issued shares to boost the share price



Good move.As long as they buy in a good price that represent fair value of the company.


The lower the buying price, the better for them. I will througn in a few coins to lower by ABP which stands at around 52 bob.



Wueeeh hapa mulichomeka.Sad


Kuungua my fren. My capital loss is KShs 250k 😪😪😪
Life is short. Live passionately.
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Ericsson
#92 Posted : Thursday, February 25, 2021 8:02:39 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
sparkly wrote:
maka wrote:
sparkly wrote:
Ebenyo wrote:
Ericsson wrote:
https://mobile.twitter.com/tradingroomke/status/1364812872942039040/photo/1

NMG wants to do a share buyback of 10% of its issued shares to boost the share price



Good move.As long as they buy in a good price that represent fair value of the company.


The lower the buying price, the better for them. I will througn in a few coins to lower by ABP which stands at around 52 bob.



Wueeeh hapa mulichomeka.Sad


Kuungua my fren. My capital loss is KShs 250k 😪😪😪


https://pbs.twimg.com/me...at=jpg&name=900x900

Omba wanunue at ksh.60
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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VituVingiSana
#93 Posted : Monday, March 01, 2021 9:39:04 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
+10% every day for the past 3 trading sessions.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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blackcobra
#94 Posted : Monday, March 01, 2021 12:07:58 PM
Rank: New-farer

Joined: 1/7/2010
Posts: 68
Location: kenya
Ericsson wrote:
https://mobile.twitter.com/tradingroomke/status/1364812872942039040/photo/1

NMG wants to do a share buyback of 10% of its issued shares to boost the share price



I would not agree with this fact that its a good idea to buyback. Stock buyback is a manipulative practice, whereby a company buys its own shares on the open market.

A company can gain investor's confidence by growing earnings like creating better products, adding more services or conducting research and development — essentially, investing in the future. This way, investors will feel better placed to invest in the company. To me, a stock buyback is simply a way for a company to manipulate its share prices by creating artificial demand for its own stock. .

After the manipulation happens, the stock might crash...
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sparkly
#95 Posted : Tuesday, March 02, 2021 4:50:24 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Ericsson wrote:
sparkly wrote:
maka wrote:
sparkly wrote:
Ebenyo wrote:
Ericsson wrote:
https://mobile.twitter.com/tradingroomke/status/1364812872942039040/photo/1

NMG wants to do a share buyback of 10% of its issued shares to boost the share price



Good move.As long as they buy in a good price that represent fair value of the company.


The lower the buying price, the better for them. I will througn in a few coins to lower by ABP which stands at around 52 bob.



Wueeeh hapa mulichomeka.Sad


Kuungua my fren. My capital loss is KShs 250k 😪😪😪


https://pbs.twimg.com/me...at=jpg&name=900x900

Omba wanunue at ksh.60


Unlikely given the market price.

Life is short. Live passionately.
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mlennyma
#96 Posted : Friday, March 05, 2021 10:47:26 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
After gamblers make the share recover, the buyout plan will be shelved
"Don't let the fear of losing be greater than the excitement of winning."
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VituVingiSana
#97 Posted : Friday, March 05, 2021 9:10:37 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
blackcobra wrote:
Ericsson wrote:
https://mobile.twitter.com/tradingroomke/status/1364812872942039040/photo/1

NMG wants to do a share buyback of 10% of its issued shares to boost the share price


I would not agree with this fact that its a good idea to buyback. Stock buyback is a manipulative practice, whereby a company buys its own shares on the open market.

A company can gain investor's confidence by growing earnings like creating better products, adding more services or conducting research and development — essentially, investing in the future. This way, investors will feel better placed to invest in the company. To me, a stock buyback is simply a way for a company to manipulate its share prices by creating artificial demand for its own stock. .

After the manipulation happens, the stock might crash...
Let's tackle each point:
1) The company does not gain from price manipulation (though some shareholders may) and NMG's price was quite low when the buyback was announced. It has run up 60% so the motivation for a buyback from the COMPANY's end has reduced.
2) NMG has introduced new products eg paid subscription for Nation. I expect they will add Business Daily soon. Also the NBA deal. Perhaps they may even add some football if they can get the rights.
3) If you do not like it, sell the shares at the higher (+60%) price.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Ericsson
#98 Posted : Saturday, March 06, 2021 6:30:55 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
https://youtu.be/bc4Y8PDovmA

Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ebenyo
#99 Posted : Sunday, March 07, 2021 8:47:33 PM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,016
Location: Kitale
sparkly wrote:
maka wrote:
sparkly wrote:
[quote=Ebenyo][quote=Ericsson]https://mobile.twitter.com/tradingroomke/status/1364812872942039040/photo/1

NMG wants to do a share buyback of 10% of its issued shares to boost the share price



Good move.As long as they buy in a good price that represent fair value of the company.


The lower the buying price, the better for them. I will througn in a few coins to lower by ABP which stands at around 52 bob.



My abp is 49 after working it down from my buying price of 110
Towards the goal of financial freedom
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Metch
#100 Posted : Monday, March 08, 2021 10:59:06 AM
Rank: Member

Joined: 12/22/2015
Posts: 224
Location: Mombasa, Kenya
Ebenyo wrote:
sparkly wrote:
maka wrote:
sparkly wrote:
[quote=Ebenyo][quote=Ericsson]https://mobile.twitter.com/tradingroomke/status/1364812872942039040/photo/1

NMG wants to do a share buyback of 10% of its issued shares to boost the share price



Good move.As long as they buy in a good price that represent fair value of the company.


The lower the buying price, the better for them. I will througn in a few coins to lower by ABP which stands at around 52 bob.



My abp is 49 after working it down from my buying price of 110


Investors have the strongest stomach muscles waah. From 110 to 10 and now upward till they say never mind buyback is shelved
Start!
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