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NMG FY 2018 and Beyond
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Ericsson
#151 Posted : Monday, August 10, 2020 1:06:47 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
sparkly wrote:
Ericsson wrote:
sparkly wrote:
Ericsson wrote:
Queen wrote:
[quote=Sufficiently Philanga....thropic]
The capital erosion here is mind boggling.
Never seen a stock nosedive at such an alarming rate.
bids now at 8.50Pray Pray Pray


.....and to imagine that this stock was once referred to as a blue-chip, unbelievable.


It's still a constituent of the NSE 20 share index


Standard Group Market Cap 2.04B, NMG Market Cap 1.70B.


Standard group issued shares is 81.7mn


81.7 mn × 24 = 2.04B[/quote

81.7mn*25=2.04bn

Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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KaunganaDoDo
#152 Posted : Monday, August 10, 2020 8:13:46 AM
Rank: Member

Joined: 8/6/2018
Posts: 299
Ebenyo wrote:
sparkly wrote:
Ericsson wrote:
[quote=sparkly][quote=Ericsson][quote=Queen][quote=Sufficiently Philanga....thropic]
The capital erosion here is mind boggling.
Never seen a stock nosedive at such an alarming rate.
bids now at 8.50Pray Pray Pray


.....and to imagine that this stock was once referred to as a blue-chip, unbelievable.



I have seen fire here.From an ABP of 110 I have tried to average down slowly and now I'm at 58.Will try to average further with intention to exit.


Waaa! All the best kaka. Averaging down is now the Optimal Feasible Solution in your Linear Programming Problem
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Angelica _ann
#153 Posted : Monday, August 10, 2020 8:41:10 AM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
KaunganaDoDo wrote:
Ebenyo wrote:
sparkly wrote:
Ericsson wrote:
[quote=sparkly][quote=Ericsson][quote=Queen][quote=Sufficiently Philanga....thropic]
The capital erosion here is mind boggling.
Never seen a stock nosedive at such an alarming rate.
bids now at 8.50Pray Pray Pray


.....and to imagine that this stock was once referred to as a blue-chip, unbelievable.



I have seen fire here.From an ABP of 110 I have tried to average down slowly and now I'm at 58.Will try to average further with intention to exit.


Waaa! All the best kaka. Averaging down is now the Optimal Feasible Solution in your Linear Programming Problem


This just keeps draining your cash which can be used better elsewhere. Thought KQ and MSC (among others) was a good lesson on averaging down.
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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rwitre
#154 Posted : Monday, August 10, 2020 9:55:49 AM
Rank: Member

Joined: 3/8/2018
Posts: 507
Location: Nairobi
Angelica _ann wrote:
KaunganaDoDo wrote:
Ebenyo wrote:
sparkly wrote:
Ericsson wrote:
[quote=sparkly][quote=Ericsson][quote=Queen][quote=Sufficiently Philanga....thropic]
The capital erosion here is mind boggling.
Never seen a stock nosedive at such an alarming rate.
bids now at 8.50Pray Pray Pray


.....and to imagine that this stock was once referred to as a blue-chip, unbelievable.



I have seen fire here.From an ABP of 110 I have tried to average down slowly and now I'm at 58.Will try to average further with intention to exit.


Waaa! All the best kaka. Averaging down is now the Optimal Feasible Solution in your Linear Programming Problem


This just keeps draining your cash which can be used better elsewhere. Thought KQ and MSC (among others) was a good lesson on averaging down.


This counter has been extremely oversold. Spooked sellers and few buyers. While we agree that revenues have been decreasing, NMG is not the monkey that the stock market is trying to make it seem.


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Ericsson
#155 Posted : Monday, August 10, 2020 10:09:00 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
rwitre wrote:
Angelica _ann wrote:
KaunganaDoDo wrote:
Ebenyo wrote:
sparkly wrote:
Ericsson wrote:
[quote=sparkly][quote=Ericsson][quote=Queen][quote=Sufficiently Philanga....thropic]
The capital erosion here is mind boggling.
Never seen a stock nosedive at such an alarming rate.
bids now at 8.50Pray Pray Pray


.....and to imagine that this stock was once referred to as a blue-chip, unbelievable.



I have seen fire here.From an ABP of 110 I have tried to average down slowly and now I'm at 58.Will try to average further with intention to exit.


Waaa! All the best kaka. Averaging down is now the Optimal Feasible Solution in your Linear Programming Problem


This just keeps draining your cash which can be used better elsewhere. Thought KQ and MSC (among others) was a good lesson on averaging down.


This counter has been extremely oversold. Spooked sellers and few buyers. While we agree that revenues have been decreasing, NMG is not the monkey that the stock market is trying to make it seem.



Half year results will be out this month.
They already issued a profit warning in April.
Revenue and profit decline 8 years in a row
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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mulla
#156 Posted : Monday, August 10, 2020 3:42:28 PM
Rank: Member

Joined: 6/15/2013
Posts: 301
sparkly wrote:
Ericsson wrote:
Queen wrote:
Sufficiently Philanga....thropic wrote:

The capital erosion here is mind boggling.
Never seen a stock nosedive at such an alarming rate.
bids now at 8.50Pray Pray Pray


.....and to imagine that this stock was once referred to as a blue-chip, unbelievable.


It's still a constituent of the NSE 20 share index


Standard Group Market Cap 2.04B, NMG Market Cap 1.70B.

Why is SGL fairing better in the NSE yet they are in the same field?
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Queen
#157 Posted : Monday, August 10, 2020 4:09:06 PM
Rank: Member

Joined: 11/21/2018
Posts: 564
Location: Britain
mulla wrote:
sparkly wrote:
Ericsson wrote:
Queen wrote:
Sufficiently Philanga....thropic wrote:

The capital erosion here is mind boggling.
Never seen a stock nosedive at such an alarming rate.
bids now at 8.50Pray Pray Pray


.....and to imagine that this stock was once referred to as a blue-chip, unbelievable.


It's still a constituent of the NSE 20 share index


Standard Group Market Cap 2.04B, NMG Market Cap 1.70B.

Why is SGL fairing better in the NSE yet they are in the same field?


Conversely, why was NMG always fairing much much better than SGL yet they have always been in the same sector? Therein lies your answer.
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sparkly
#158 Posted : Monday, August 10, 2020 5:41:28 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Queen wrote:
mulla wrote:
sparkly wrote:
Ericsson wrote:
Queen wrote:
Sufficiently Philanga....thropic wrote:

The capital erosion here is mind boggling.
Never seen a stock nosedive at such an alarming rate.
bids now at 8.50Pray Pray Pray


.....and to imagine that this stock was once referred to as a blue-chip, unbelievable.


It's still a constituent of the NSE 20 share index


Standard Group Market Cap 2.04B, NMG Market Cap 1.70B.

Why is SGL fairing better in the NSE yet they are in the same field?


Conversely, why was NMG always fairing much much better than SGL yet they have always been in the same sector? Therein lies your answer.


Closed at 9.06 today. wtf is happening? Anyone with inside information?
Life is short. Live passionately.
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Ebenyo
#159 Posted : Tuesday, August 11, 2020 9:12:25 AM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,016
Location: Kitale
sparkly wrote:
Queen wrote:
mulla wrote:
sparkly wrote:
Ericsson wrote:
Queen wrote:
Sufficiently Philanga....thropic wrote:

The capital erosion here is mind boggling.
Never seen a stock nosedive at such an alarming rate.
bids now at 8.50Pray Pray Pray


.....and to imagine that this stock was once referred to as a blue-chip, unbelievable.


It's still a constituent of the NSE 20 share index


Standard Group Market Cap 2.04B, NMG Market Cap 1.70B.

Why is SGL fairing better in the NSE yet they are in the same field?


Conversely, why was NMG always fairing much much better than SGL yet they have always been in the same sector? Therein lies your answer.


Closed at 9.06 today. wtf is happening? Anyone with inside information?



Maybe the market reacted to this news:

http://www.google.co.ke/...w28-tCQfIj0ay-uYg50pHBM
Towards the goal of financial freedom
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VituVingiSana
#160 Posted : Tuesday, August 11, 2020 9:36:01 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
I wish NMG the best.

Grew up reading its newspapers and looked forward to the pullouts in the Sunday Nation.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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