Wazua
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Madness at the NSE
Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru
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lochaz-index wrote:wukan wrote:Ericsson wrote:Fyatu wrote:Sufficiently Philanga....thropic wrote:Following the Prseident's refusal to sign the Finance bill until the rate cap is done away with, September 2019's 10 year low of 2420 will be the floor.....  Woe unto those who are not inside the market.....watabaki tu kukula na macho. Market conditions still weak to push a rally.Top gainer today is at 4%. This bear will teach many a lesson. The problem is structural and interest rates on their own won't deal with the underlying structural issues. Fiscal stimulus has failed to stimulate the expected growth now they will try monetary stimulus. You need to look at point 3 of the president's memo. Technically looking at the chart you can see the tail has to be longer than where it is now to complete the correction. Seconded. @SPT that low of 2420 will hold for now but it will be broken down the road. The NSE20 will conjure up a rally after the cap is lifted but I don't envisage it going beyond 3000. Still a traders market through 2020. KE is still hurtling towards an economic shit storm which can't be undone by fiat or a stroke of the pen. Are you suggesting that rate cap is not a significant factor in the slow growth the nation has experienced in the past 3 years and that repealing it will not resuscitate my ailing portfolio? Are you saying that there is a boogy man still lurking around? Dumb money becomes dumb only when it listens to smart money
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Rank: Elder Joined: 6/23/2009 Posts: 14,211 Location: nairobi
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Fyatu wrote:lochaz-index wrote:wukan wrote:Ericsson wrote:Fyatu wrote:Sufficiently Philanga....thropic wrote:Following the Prseident's refusal to sign the Finance bill until the rate cap is done away with, September 2019's 10 year low of 2420 will be the floor..... Woe unto those who are not inside the market.....watabaki tu kukula na macho. Market conditions still weak to push a rally.Top gainer today is at 4%. This bear will teach many a lesson. The problem is structural and interest rates on their own won't deal with the underlying structural issues. Fiscal stimulus has failed to stimulate the expected growth now they will try monetary stimulus. You need to look at point 3 of the president's memo. Technically looking at the chart you can see the tail has to be longer than where it is now to complete the correction. Seconded. @SPT that low of 2420 will hold for now but it will be broken down the road. The NSE20 will conjure up a rally after the cap is lifted but I don't envisage it going beyond 3000. Still a traders market through 2020. KE is still hurtling towards an economic shit storm which can't be undone by fiat or a stroke of the pen. Are you suggesting that rate cap is not a significant factor in the slow growth the nation has experienced in the past 3 years and that repealing it will not resuscitate my ailing portfolio? Are you saying that there is a boogy man still lurking around? The financial sector at the NSE will rally somewhat
KQ ABP 4.26
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Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru
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obiero wrote:Fyatu wrote:lochaz-index wrote:wukan wrote:Ericsson wrote:Fyatu wrote:Sufficiently Philanga....thropic wrote:Following the Prseident's refusal to sign the Finance bill until the rate cap is done away with, September 2019's 10 year low of 2420 will be the floor..... Woe unto those who are not inside the market.....watabaki tu kukula na macho. Market conditions still weak to push a rally.Top gainer today is at 4%. This bear will teach many a lesson. The problem is structural and interest rates on their own won't deal with the underlying structural issues. Fiscal stimulus has failed to stimulate the expected growth now they will try monetary stimulus. You need to look at point 3 of the president's memo. Technically looking at the chart you can see the tail has to be longer than where it is now to complete the correction. Seconded. @SPT that low of 2420 will hold for now but it will be broken down the road. The NSE20 will conjure up a rally after the cap is lifted but I don't envisage it going beyond 3000. Still a traders market through 2020. KE is still hurtling towards an economic shit storm which can't be undone by fiat or a stroke of the pen. Are you suggesting that rate cap is not a significant factor in the slow growth the nation has experienced in the past 3 years and that repealing it will not resuscitate my ailing portfolio? Are you saying that there is a boogy man still lurking around? The financial sector at the NSE will rally somewhat It is not a question of if but when ....to quote Dr. Opus Dumb money becomes dumb only when it listens to smart money
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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Fyatu wrote:obiero wrote:Fyatu wrote:lochaz-index wrote:wukan wrote:Ericsson wrote:Fyatu wrote:Sufficiently Philanga....thropic wrote:Following the Prseident's refusal to sign the Finance bill until the rate cap is done away with, September 2019's 10 year low of 2420 will be the floor..... Woe unto those who are not inside the market.....watabaki tu kukula na macho. Market conditions still weak to push a rally.Top gainer today is at 4%. This bear will teach many a lesson. The problem is structural and interest rates on their own won't deal with the underlying structural issues. Fiscal stimulus has failed to stimulate the expected growth now they will try monetary stimulus. You need to look at point 3 of the president's memo. Technically looking at the chart you can see the tail has to be longer than where it is now to complete the correction. Seconded. @SPT that low of 2420 will hold for now but it will be broken down the road. The NSE20 will conjure up a rally after the cap is lifted but I don't envisage it going beyond 3000. Still a traders market through 2020. KE is still hurtling towards an economic shit storm which can't be undone by fiat or a stroke of the pen. Are you suggesting that rate cap is not a significant factor in the slow growth the nation has experienced in the past 3 years and that repealing it will not resuscitate my ailing portfolio? Are you saying that there is a boogy man still lurking around? The financial sector at the NSE will rally somewhat It is not a question of if but when ....to quote Dr. Opus Coop share price getting a dip Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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Ericsson wrote:Fyatu wrote:Sufficiently Philanga....thropic wrote:Following the Prseident's refusal to sign the Finance bill until the rate cap is done away with, September 2019's 10 year low of 2420 will be the floor..... Woe unto those who are not inside the market.....watabaki tu kukula na macho. Market conditions still weak to push a rally.Top gainer today is at 4%. Kcb, Cooperative bank, Equity bank saw share price appreciation with net foreign selling Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove
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Ericsson wrote:Ericsson wrote:Fyatu wrote:Sufficiently Philanga....thropic wrote:Following the Prseident's refusal to sign the Finance bill until the rate cap is done away with, September 2019's 10 year low of 2420 will be the floor..... Woe unto those who are not inside the market.....watabaki tu kukula na macho. Market conditions still weak to push a rally.Top gainer today is at 4%. Kcb, Cooperative bank, Equity bank saw share price appreciation with net foreign selling Some see this as the last chance to get out without a huge haircut before things get worse.
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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whiteowl wrote:Ericsson wrote:Ericsson wrote:Fyatu wrote:Sufficiently Philanga....thropic wrote:Following the Prseident's refusal to sign the Finance bill until the rate cap is done away with, September 2019's 10 year low of 2420 will be the floor..... Woe unto those who are not inside the market.....watabaki tu kukula na macho. Market conditions still weak to push a rally.Top gainer today is at 4%. Kcb, Cooperative bank, Equity bank saw share price appreciation with net foreign selling Some see this as the last chance to get out without a huge haircut before things get worse. Some? Who are these?
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Rank: Veteran Joined: 11/13/2015 Posts: 1,653
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One of the reasons I'm watching NSE from the sidelines Quote:For every Sh100 that Kenya collected as taxes in the three months to September, it used Sh57 on debt payments, underlining the heavy burden of mounting government borrowing.
Data from the Treasury shows that Sh214.79 billion was used for loan repayments in the first quarter of the financial year, making it the single-largest expenditure in the period to September.
The repayments accounted for 57 percent of the Sh372 billion that the Kenya Revenue Authority (KRA) collected in taxes in the period under review, denying the State the cash it needs for projects like building roads, power plants and revamping the health sector. Quote:The debt payment in the quarter to September is 40 percent more than the Sh153 billion that taxpayers paid in a similar period a year earlier, when loan settlement costs took 46.7 percent of taxes. https://www.businessdail...20324-ei716mz/index.html
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Rank: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove
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wukan wrote:One of the reasons I'm watching NSE from the sidelines Quote:For every Sh100 that Kenya collected as taxes in the three months to September, it used Sh57 on debt payments, underlining the heavy burden of mounting government borrowing.
Data from the Treasury shows that Sh214.79 billion was used for loan repayments in the first quarter of the financial year, making it the single-largest expenditure in the period to September.
The repayments accounted for 57 percent of the Sh372 billion that the Kenya Revenue Authority (KRA) collected in taxes in the period under review, denying the State the cash it needs for projects like building roads, power plants and revamping the health sector. Quote:The debt payment in the quarter to September is 40 percent more than the Sh153 billion that taxpayers paid in a similar period a year earlier, when loan settlement costs took 46.7 percent of taxes. https://www.businessdail...0324-ei716mz/index.html This is also an incentive for CBK to keep the shilling artificially strong.If the shilling weakens by a mere 5%, that would result in 300 billion more to pay With the current 6 trillion loan book since most loans are USD denominated.We're locked in a perpetual credit squeeze.
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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The temporary rally seems to have come to a halt Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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