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Elliott Wave Analysis Of The NSE 20
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Aguytrying
#2041 Posted : Wednesday, August 10, 2016 2:24:43 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
hisah wrote:
lochaz-index wrote:
It would appear Mr market is not entirely convinced with some of the banks' performances.

Kcb at the current price of 32 has a trailing PER of about 4.6! That is some thorough beating. Whatever is getting discounted must be huge.

Save for Nbk (for obvious reasons) is there any other bank trading at such a multiple? If it slides any further it will get to par level versus its book value.

Still not convinced by their rescheduling of the rights issue and sudden about turn on Chase bank(after a less than transparent stint with Imperial bank). Plus their ratios and provisions are not exactly awe-inspiring.

Nic and Stanbic have the ignominy of trading at a discount to NAV - the position previously held by Nbk.

Despite all the above, banks are still churning out impressive numbers quarter after quarter. Something has to give here. This show is yet to come to an end.

I see we have another fan questioning the kcb spectacular nosedive. Welcome to the bandwagon which also has vvs, sparkly, myself and I think two more fans.

What I like about this banking sector nosedive is that it'll reorganize itself to be more robust after this shaving episode. That means the return of the bulls will have sizable energy in equal measure to send bank stocks on a dizzy rally - 200% at least!!


I severely questioned the rights and NPL spike. The ownership going into an election year doesn't also inspire confidence
The investor's chief problem - and even his worst enemy - is likely to be himself
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instinct
#2042 Posted : Wednesday, August 17, 2016 4:11:46 PM
Rank: Member

Joined: 8/17/2007
Posts: 294
things looking up? the agreement on IEBC suggests we will have a peaceful election and is therefore a low risk event...
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lochaz-index
#2043 Posted : Thursday, August 25, 2016 10:15:33 AM
Rank: Veteran

Joined: 9/18/2014
Posts: 1,127
This bear is turning out to be quite unique. When it started out, the doubting Thomases were by the bucket full. One and a half years down the line fear is yet to hit fever pitch while some are calling for the bottom already...interesting chronicles.

Desperation is kicking in slowly but surely as investors discover their predicament with the current dispensation. GOK debt burden is still hovering over the market/economy. The bear may be around for a while longer till that is resolved. That will be the final chapter/episode of this interesting script.
The main purpose of the stock market is to make fools of as many people as possible.
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mlennyma
#2044 Posted : Thursday, August 25, 2016 10:54:40 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Can i expect 200 points slash today?
"Don't let the fear of losing be greater than the excitement of winning."
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mkate_nusu
#2045 Posted : Thursday, August 25, 2016 1:05:19 PM
Rank: Member

Joined: 5/30/2016
Posts: 332
Location: Kayole
mlennyma wrote:
Can i expect 200 points slash today?


I have feeling the much awaited dip below 3000 points will be here before we know it
KEGN, KPLC, KQ, SCOM
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Metasploit
#2046 Posted : Thursday, August 25, 2016 1:17:39 PM
Rank: Veteran

Joined: 3/26/2012
Posts: 985
Location: Dar es salaam,Tanzania
lochaz-index wrote:
This bear is turning out to be quite unique. When it started out, the doubting Thomases were by the bucket full. One and a half years down the line fear is yet to hit fever pitch while some are calling for the bottom already...interesting chronicles.

Desperation is kicking in slowly but surely as investors discover their predicament with the current dispensation. GOK debt burden is still hovering over the market/economy. The bear may be around for a while longer till that is resolved. That will be the final chapter/episode of this interesting script.


I agree..Market sentiments are tied to the economy.It will take time before the economy resolves.The index will go lower than GFC.
These guys will report shrunk profits

“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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littledove
#2047 Posted : Thursday, August 25, 2016 4:10:42 PM
Rank: Veteran

Joined: 7/1/2014
Posts: 927
Location: sky
mlennyma wrote:
Can i expect 200 points slash today?

The Nairobi All Share slumped -5.01% to close at 139.14
The Nairobi NSE20 crashed -4.41% lower to close at 3309.76 a level last reached in March 2012.
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
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lochaz-index
#2048 Posted : Thursday, August 25, 2016 4:57:33 PM
Rank: Veteran

Joined: 9/18/2014
Posts: 1,127
littledove wrote:
mlennyma wrote:
Can i expect 200 points slash today?

The Nairobi All Share slumped -5.01% to close at 139.14
The Nairobi NSE20 crashed -4.41% lower to close at 3309.76 a level last reached in March 2012.

Some action at last. That means the market is some 220 odd points off of the 2011 low of 3090. Keep this pace up and we might take out that low pretty soon.
The main purpose of the stock market is to make fools of as many people as possible.
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hisah
#2049 Posted : Thursday, August 25, 2016 6:21:50 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
littledove wrote:
mlennyma wrote:
Can i expect 200 points slash today?

The Nairobi All Share slumped -5.01% to close at 139.14
The Nairobi NSE20 crashed -4.41% lower to close at 3309.76 a level last reached in March 2012.

I was expecting NSE20 to crash through that floor from the heavy bank stock losses witnessed today. The index now sits right on major support at 3300 handle. Next critical support comes in at 3000, which if broken opens up the GFC low at 2360.

@SPT remember the trouble with the euro chart? NSE20 has followed that chart almost to the T.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Angelica _ann
#2050 Posted : Thursday, August 25, 2016 6:32:17 PM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
hisah wrote:
littledove wrote:
mlennyma wrote:
Can i expect 200 points slash today?

The Nairobi All Share slumped -5.01% to close at 139.14
The Nairobi NSE20 crashed -4.41% lower to close at 3309.76 a level last reached in March 2012.

I was expecting NSE20 to crash through that floor from the heavy bank stock losses witnessed today. The index now sits right on major support at 3300 handle. Next critical support comes in at 3000, which if broken opens up the GFC low at 2360.

@SPT remember the trouble with the euro chart? NSE20 has followed that chart almost to the T.

Was surprised by the overall loss at NSE20 today, was expecting a higher points loss. Tomorrow, then weekend will help to cool nerves!!!
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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