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KQ versus Kenya Re
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VituVingiSana
#11 Posted : Thursday, July 25, 2019 4:30:59 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
obiero wrote:
VituVingiSana wrote:
Ericsson wrote:
Kq down 43 cents after sparkly spoke
Applause Applause Applause I hope it keeps on dropping down to 3 and below.

A bad omen
My bad. I meant I hope KenRe keeps dropping down to 3/- or less after the bonus is credited. 3:1 bonus so there will be a huge overhang of shares.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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chiaroscuro
#12 Posted : Thursday, July 25, 2019 8:25:08 AM
Rank: Veteran

Joined: 2/2/2012
Posts: 1,134
Location: Nairobi
sparkly wrote:
KQ 4.90; Kenya Re 3.90

KQ never made a profit for 7 yrs, negative equity, no dividends.

Kenya Re profitable, positive shareholder funds, regular dividend payments.

KQ trades a full one bob above Kenya Re. If this is not witchcraft, I dont know what it is.

To protest this situation, I will refrain from posting on investment section until Kenya Re trades above KQ.

I hope it will happen soon.


In note 2(e) of the audited financial report of KQ - 31/12/2018 - the auditors warn as follows:

"This indicates the existence of a material uncertainty which may cast significant doubt on the Group and Company's ability to continue as a going concern and therefore, may be unable to realize its assets and discharge its liabilities in the normal course of business."

The problem is that people don't read these things!
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sparkly
#13 Posted : Thursday, July 25, 2019 1:24:00 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
chiaroscuro wrote:
sparkly wrote:
KQ 4.90; Kenya Re 3.90

KQ never made a profit for 7 yrs, negative equity, no dividends.

Kenya Re profitable, positive shareholder funds, regular dividend payments.

KQ trades a full one bob above Kenya Re. If this is not witchcraft, I dont know what it is.

To protest this situation, I will refrain from posting on investment section until Kenya Re trades above KQ.

I hope it will happen soon.


In note 2(e) of the audited financial report of KQ - 31/12/2018 - the auditors warn as follows:

"This indicates the existence of a material uncertainty which may cast significant doubt on the Group and Company's ability to continue as a going concern and therefore, may be unable to realize its assets and discharge its liabilities in the normal course of business."

The problem is that people don't read these things!


People read parliamentary committee reports.
Life is short. Live passionately.
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the deal
#14 Posted : Thursday, July 25, 2019 4:05:11 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
The stock (KQ) will bounce back...it was hit by profit taking at around 5 bob...buy the rumour...sell the news...
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VituVingiSana
#15 Posted : Thursday, July 25, 2019 4:27:11 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
the deal wrote:
The stock (KQ) will bounce back...it was hit by profit taking at around 5 bob...buy the rumour...sell the news...
Pump and Dump tactics aren't usually effective on old-timers in Wazua.
If you are 100% sure KQ will hit 5/- then why are you shouting about it? Quietly buy out anyone selling it at less than 5/- and laugh at us afterwards.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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  | | Edit by user: Thursday, July 25, 2019 4:28 PM | Reason: Not specified
obiero
#16 Posted : Thursday, July 25, 2019 5:49:17 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,217
Location: nairobi
VituVingiSana wrote:
the deal wrote:
The stock (KQ) will bounce back...it was hit by profit taking at around 5 bob...buy the rumour...sell the news...
Pump and Dump tactics aren't usually effective on old-timers in Wazua.
If you are 100% sure KQ will hit 5/- then why are you shouting about it? Quietly buy out anyone selling it at less than 5/- and laugh at us afterwards.

ARM is a good example. Some chief almost made me buy it, but my spirit was awake

KQ ABP 4.26
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mwekez@ji
#17 Posted : Thursday, July 25, 2019 6:08:59 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
the deal wrote:
The stock (KQ) will bounce back...it was hit by profit taking at around 5 bob...buy the rumour...sell the news...

Has KQ really traded meaningful volume in a long time? Every time I check I find it trading peanuts
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obiero
#18 Posted : Thursday, July 25, 2019 6:49:13 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,217
Location: nairobi
mwekez@ji wrote:
the deal wrote:
The stock (KQ) will bounce back...it was hit by profit taking at around 5 bob...buy the rumour...sell the news...

Has KQ really traded meaningful volume in a long time? Every time I check I find it trading peanuts

Next to ‘zero’ volume since November 2017, when it came back from the restructuring suspension. A court case will have to arise if Pkosing buyout suggestions are to be taken literally

KQ ABP 4.26
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  | | Edit by user: Thursday, July 25, 2019 6:50 PM | Reason: Not specified
VituVingiSana
#19 Posted : Thursday, July 25, 2019 7:18:49 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
obiero wrote:
mwekez@ji wrote:
the deal wrote:
The stock (KQ) will bounce back...it was hit by profit taking at around 5 bob...buy the rumour...sell the news...

Has KQ really traded meaningful volume in a long time? Every time I check I find it trading peanuts

Next to ‘zero’ volume since November 2017, when it came back from the restructuring suspension. A court case will have to arise if Pkosing buyout suggestions are to be taken literally

Best option for the taxpayer is to let "Old KQ" die a natural death.
Let a "New KQ" take over the good assets (& associated liabilities) and staff it needs/wants.
Let the creditors get what they can from "Old KQ" like we see at ARM.
Pay off KQLC to the extent of the guarantees. No more.
Let the Taxpayer breath.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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VituVingiSana
#20 Posted : Thursday, July 25, 2019 7:20:49 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
obiero wrote:
VituVingiSana wrote:
the deal wrote:
The stock (KQ) will bounce back...it was hit by profit taking at around 5 bob...buy the rumour...sell the news...
Pump and Dump tactics aren't usually effective on old-timers in Wazua.
If you are 100% sure KQ will hit 5/- then why are you shouting about it? Quietly buy out anyone selling it at less than 5/- and laugh at us afterwards.

ARM is a good example. Some chief almost made me buy it, but my spirit was awake
Applause Applause Applause Too bad your spirit was also sleeping when someone was telling you to buy KK Laughing out loudly
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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