Rank: Elder Joined: 6/23/2009 Posts: 14,316 Location: nairobi
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MaichBlack wrote:obiero wrote:MaichBlack wrote:Fyatu wrote:obiero wrote:
SLAM, being Sanlam Insurance. Apologies
Thanks. Sanlam balance sheet does not look good. 1. Negative retained earnings. 2. Current price is above NAV Any reason in particular that made you have it in your list? Ama ni jaba ya Exchange bar? Remember, you make money when you BUY. Not when you sell. I think you already have your answer on how (not) to proceed with Sanlam. See my signature below. Remember that you are an investor while I am a trader. What you are implying is impossible at the NSE, people have to sell at some point, whether it is you or your next of kin, a sale will happen I think you misunderstood me. I didn't say don't sell. Buy. Sell. That is all good. What I mean is that money is made at the point of buying. Not selling. Selling just realizes the money already made. Simple example: Everyone knows Dindi Nyoro made money in KPLC at the point of buying. Not selling. Selling just actualizes it. Otherwise everyone would have rushed to buy and later sell KPLC and make as much money as Ndidi Nyoro. But it doesn't work that way! That's a better clarification. People very often know about price but rarely understand the value, thus end up buying at the wrong point, which either leads to a loss or limited upside COOP, IMH, KEGN, KQ, MTNU
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