[quote=xxxxx][quote=Fyatu]Hujuma...May be or May be not this is typical "MR MARKET" mood swings. I wait to see..(the learning curve here will be steep for the greenhorns)
[/quote]

I am boarding kama mbaya mbaya. This must be my big break. I'll tell the tales later:-d :-d :-d :-d :-d
[/quote]

You remind me of a story i read about a man known as Wanderi Ndung'u who risked(including leveraging on a bank loan) it all on KQ in the naughties and became a dollar millionaire. I will only consider this monkey when i scrutinize FY 2017 numbers. I will also take a field trip to Athi river and stand outside the gates for a whole day and count the number of 23 tonne trailers leaving the factory to make my decision

[quote=heri]Surely the net assets must be worth something? how can people wait for it at 1 bob[/quote]

My point EXACTLY

[quote=xxxxx][quote=heri]Surely the net assets must be worth something? how can people wait for it at 1 bob[/quote]

My point EXACTLY
[/quote]
The assets in practicality do not belong to the company but its debtors, hence the decapitation. Similar to Nakumatt, Uchumi! Its the bank debt that is killing Kenyan companies and nothing else..

[quote=mulla][quote=Metch][quote=winmak][quote=obiero][quote=mlennyma]Joining mumias, atlas,home Africa price range,the nse of today can make an investor commit suicide [/quote]
suicide over money?? but the burukenge is taking a rapid fall, like never seen in recent memory[/quote]

Possible, there is a Korean Pilot who downed a 737 because of lost cash at the Stock Market... I am sinking a speculative 50k just for kicks[/quote]
U might want to hold your horses. Over 1M shares looking for buyers at 4.50 with zero demand. The journey south is far from over[/quote]
8-[ #-o This is national geographic aircrash investigation.....boarders desperately trying to get out of a burning plane....[/quote]
The most honorable way forward is to delist via majority buyout of wanjiku at a slight premium, say KES 7.50

[quote=wukan][quote=obiero][quote=xxxxx][quote=heri]Surely the net assets must be worth something? how can people wait for it at 1 bob[/quote]

My point EXACTLY
[/quote]
The assets in practicality do not belong to the company but its debtors, hence the decapitation. Similar to Nakumatt, Uchumi! Its the bank debt that is killing Kenyan companies and nothing else..[/quote]

#-o #-o @obiero surely...management gambles should not be blamed on bank debts

In hind sight, Paunrana says the firm should not have built a big plant in Tanzania. “There were too many headwinds that created a perfect storm. But there is no point in regretting. CDC put in $140 million just last year. How could an army of experts from London also get it wrong? Nobody could predict this.”
Read more at: https://www.standardmedia.co.ke/business/article/2001258006/how-arm-aggressive-expansion-into-dar-has-left-pradeep-in-tears
[/quote]
This was predicted right here on wazua when we vetoed TZ as an investment destination. Heck they even banned the Safaricom IPO. Ethipia too has been blacklisted from speculators.. See what they did to the Dangote executive just last week. So when ARM took debt to fund its ambition in TZ, they miscalculated.. Cytonn is another fine example of over leveraged growth rather than organic rise of performance