MaichBlack wrote:VituVingiSana wrote:MaichBlack wrote:Forester wrote:And the DJ will not sell even if someone offered Kshs.100 per share. I wonder how much this a counter will be same time next year. This one will get the guys who bought sub 30/- into the millionaires club.
But the DJ might not be very smart. He told everyone he plans to increase his holding to 30% before actually doing it. At that time the share was selling at 25/=. That announcement has made him pay through the nose! He has been buying the share at a premium. All the way to 60's
Shares that would have cost him 823 million had he bought quietly will end potentially costing him 2.1 Billion!!!
He would have saved approximately 1.3 Billion (give or take) had he not spoken!!!
That I don't understand!!! And he was not bluffing because he has actually been buying!
1) He was at 25% (or almost at 25%) so he had to announce his intentions per CMA regulations. He is an insider.
2) His purchase of 1% at 'higher' prices raised the value [on the market] of the other 25%.
You write to CMA, not call a press conference and start saying how you cannot sell even at 100/=. You can say all these things AFTER buying.
Blowing one's trumpet must be something the DJ is good at. Let him pay the price that comes with it.
Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.