wazua Thu, Mar 19, 2026
Welcome Guest Search | Active Topics | Log In

251 Pages«<177178179180181>»
Madness at the NSE
Options
Previous Topic · Next Topic
obiero
#1781 Posted : Wednesday, August 21, 2019 10:38:56 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,213
Location: nairobi
Monk wrote:
obiero wrote:
VituVingiSana wrote:
obiero wrote:
VituVingiSana wrote:
obiero wrote:
mlennyma wrote:
VituVingiSana wrote:
Ericsson wrote:
Ericsson wrote:
Blood on the streets


https://www.businessdail...40774-bfnrg6/index.html

The share prices of 17 Nairobi Securities Exchange (NSE) listed firms have fallen below Sh5 per unit in a stock market bear run attributed to a mix of corporate governance weaknesses, a tough economy and over-indebtedness.
Kenya Airways has accounted for the biggest fall in capitalisation, losing Sh34.1 billion to be valued at Sh16.4 billion after its share price dropped from Sh8.90 to Sh2.89.
Are you speaking in code? Laughing out loudly

it's worth -ve

According to your analysis, but KQLC value it at KES 8.52
Past tense. They might have done so under duress but not any more. All banks with shares in KQ via KQLC should sensibly take the write-down to zero given the performance of KQ and very small group of buyers.

I don’t know why most people are not plugged into the Open Offer missing link. The current KQ shares trading are fake!
Then you should be BUYING all you can. Borrow and buy KQ shares. Sell your house and buy KQ shares. After all, how long will it take for your house to 3x in value vs KQ?

You know I have houses and not a house


Laughing out loudly Laughing out loudly You've made my day. Without you, I think Wazua would be a very dull place.

I agree! smile

KQ ABP 4.26
Back to top
WWW
  |
Sufficiently Philanga....thropic
#1782 Posted : Wednesday, August 21, 2019 1:56:12 PM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
Could September be the month that we smash the GFC March 2009 low of 2360? Remember Saf goes ex on 3rd, and KCB on 6th(both 1st week of SeptPray

Saving grace going forward would be if the rate cap is done away with....but i don't see this happening with our populist leader. Oh how i miss Kibaki.


@SufficientlyP
Back to top
  |
obiero
#1783 Posted : Wednesday, August 21, 2019 2:02:33 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,213
Location: nairobi
Sufficiently Philanga....thropic wrote:
Could September be the month that we smash the GFC March 2009 low of 2360? Remember Saf goes ex on 3rd, and KCB on 6th(both 1st week of SeptPray

Saving grace going forward would be if the rate cap is done away with....but i don't see this happening with our populist leader. Oh how i miss Kibaki.



No one misses Kibaki more than me

KQ ABP 4.26
Back to top
WWW
  |
Extraterrestrial
#1784 Posted : Wednesday, August 21, 2019 2:10:46 PM
Rank: Member

Joined: 11/17/2018
Posts: 173
Location: Mars
Sufficiently Philanga....thropic wrote:
Could September be the month that we smash the GFC March 2009 low of 2360? Remember Saf goes ex on 3rd, and KCB on 6th(both 1st week of SeptPray

Saving grace going forward would be if the rate cap is done away with....but i don't see this happening with our populist leader. Oh how i miss Kibaki.




Beyond that comes 16 year low.
Back to top
  |
wukan
#1785 Posted : Wednesday, August 21, 2019 2:25:24 PM
Rank: Veteran

Joined: 11/13/2015
Posts: 1,653
Would it have mattered if Kibaki was still president. The impulse wave started in in 2002 had to be corrected. You can't rig markets
Back to top
  |
Extraterrestrial
#1786 Posted : Wednesday, August 21, 2019 2:29:21 PM
Rank: Member

Joined: 11/17/2018
Posts: 173
Location: Mars
Meanwhile, here is a bullish view:

https://twitter.com/mose...1164137733247373312?s=19
Back to top
  |
littledove
#1787 Posted : Wednesday, August 21, 2019 3:40:25 PM
Rank: Veteran

Joined: 7/1/2014
Posts: 927
Location: sky
[quote=Extraterrestrial]Meanwhile, here is a bullish view:

https://twitter.com/mose...164137733247373312?s=19[/quote]

he says "16 year low is like predicting crisis for Kenya....."
The truth is we cant rule out crisis if the government continue with the borrowing spree! we will reach a point where we are unable to service the debts, government will have no money to send to counties, strikes due to unpaid salaries will be the order of the day ( already happening in small scale), lenders will not be willing to lend us, already kra is harassing everybody even those paying taxes honestly and loading unnecessary fees and fines to their tax account, just try to get a tax clearance and you will be shocked and very lucky if your account is clean , in short a crisis is coming
There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
Back to top
WWW
  | | Edit by user: Wednesday, August 21, 2019 3:42 PM | Reason: Not specified
obiero
#1788 Posted : Wednesday, August 21, 2019 5:29:45 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,213
Location: nairobi
littledove wrote:
[quote=Extraterrestrial]Meanwhile, here is a bullish view:

https://twitter.com/mose...164137733247373312?s=19[/quote]

he says "16 year low is like predicting crisis for Kenya....."
The truth is we cant rule out crisis if the government continue with the borrowing spree! we will reach a point where we are unable to service the debts, government will have no money to send to counties, strikes due to unpaid salaries will be the order of the day ( already happening in small scale), lenders will not be willing to lend us, already kra is harassing everybody even those paying taxes honestly and loading unnecessary fees and fines to their tax account, just try to get a tax clearance and you will be shocked and very lucky if your account is clean , in short a crisis is coming

The two men are finishing us, but our good Lord will get us to 2022

KQ ABP 4.26
Back to top
WWW
  |
littledove
#1789 Posted : Thursday, August 22, 2019 8:33:21 AM
Rank: Veteran

Joined: 7/1/2014
Posts: 927
Location: sky
https://www.businessdailyafrica.com/markets/capital/Dusty-storm-sweeps-through-Sh2trn/4259442-5242654-ng5vud/index.html
There is a dusty wind blowing up a storm through the dessert that is the floor of the Nairobi Securities Exchange.

The market that is supposed to hold Sh2.278 trillion, which is 30 per cent of the country’s Gross Domestic Product has no takers sending down stock prices and wiping out billions of shillings in paper wealth.

Walking through its vacant isles, you see a ghost town with rickety store fronts, discoloured dead stock and owners sapped dry with only one distant corner of refuge where all the market players are huddled for safety of their last pieces of silver as they watch advance of the great drought on returns.

A review last week showed that when the market opened on Tuesday, after Eid ul Adha celebrations, 17 counters had zero transactions and 11 counters had transactions that were less than 1,000.

On Wednesday, the situation worsened as 21 counters went without trading while seven had less than 1,000 stocks exchanged.
There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
Back to top
WWW
  |
lochaz-index
#1790 Posted : Thursday, August 22, 2019 8:43:36 AM
Rank: Veteran

Joined: 9/18/2014
Posts: 1,127
Sufficiently Philanga....thropic wrote:
Could September be the month that we smash the GFC March 2009 low of 2360? Remember Saf goes ex on 3rd, and KCB on 6th(both 1st week of SeptPray

Saving grace going forward would be if the rate cap is done away with....but i don't see this happening with our populist leader. Oh how i miss Kibaki.



Indeed. Doing away with the rate cap seems to be the only silver bullet anywhere on the horizon. However, if GoK delays to abolish it, the markets will force them to before end of next year...we know how chaotic that tends to be.

Breaking below the GFC low is ominous for very many reasons and the market being a leading economic indicator is suggesting that something big is about to pop. Below 2360 will open for a challenge on the 2002 low (I don't think it will get there) but a sub 2000 is looking like a dead on certainty at this point in time. A bounce at the current 2400 zone is critical for the sanity of this market however short-lived it will be. The NASI chart looks scarier than the NSE20.
The main purpose of the stock market is to make fools of as many people as possible.
Back to top
  |
251 Pages«<177178179180181>»
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Wazua Investor Theme
Powered by YAF | YAF © 2003-2009, Yet Another Forum.NET
Copyright © 2026 Wazua.co.ke. All Rights Reserved.