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Rank: Elder Joined: 6/23/2009 Posts: 13,547 Location: nairobi
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Ericsson wrote:http://www.businessdailyafrica.com/markets/news/Large-caps-tighten-grip-on-bourse-in-quarter-three/3815534-4161078-pdmi1cz/index.html
The wealth of investors at the Nairobi bourse continued to be concentrated in five blue-chips in the quarter ended September, underlining the struggle by the regulator to attract large firms.
Safaricom, East African Breweries, Equity, KCB and British American Tobacco marginally increased their share at the Nairobi Securities Exchange to an average of 65.88 per cent from 65.67 per cent. Which struggle and they have failed to sign off the KQ open offer issue..
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
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Obiero prophesy of blood in the NSE may come to pass based on the aftermath that will follow after announcement by IEBC of the re-run results Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 13,547 Location: nairobi
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Ericsson wrote:Obiero prophesy of blood in the NSE may come to pass based on the aftermath that will follow after announcement by IEBC of the re-run results As an active participant in the economy I would prefer that the NSE rises endlessly but reality shows that the reverse is more likely. Lets await the resistance statement this evening
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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obiero wrote:Ericsson wrote:Obiero prophesy of blood in the NSE may come to pass based on the aftermath that will follow after announcement by IEBC of the re-run results As an active participant in the economy I would prefer that the NSE rises endlessly but reality shows that the reverse is more likely. Lets await the resistance statement this evening The resistance statement will have no consequence. The matters brought before the SCOK will. It will be a good time to buy because if SCOK upholds the elections, the madness thread will resurrect. "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Elder Joined: 6/23/2009 Posts: 13,547 Location: nairobi
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murchr wrote:obiero wrote:Ericsson wrote:Obiero prophesy of blood in the NSE may come to pass based on the aftermath that will follow after announcement by IEBC of the re-run results As an active participant in the economy I would prefer that the NSE rises endlessly but reality shows that the reverse is more likely. Lets await the resistance statement this evening The resistance statement will have no consequence. The matters brought before the SCOK will. It will be a good time to buy because if SCOK upholds the elections, the madness thread will resurrect. Ok murch. Let’s wait and see
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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obiero wrote:murchr wrote:obiero wrote:Ericsson wrote:Obiero prophesy of blood in the NSE may come to pass based on the aftermath that will follow after announcement by IEBC of the re-run results As an active participant in the economy I would prefer that the NSE rises endlessly but reality shows that the reverse is more likely. Lets await the resistance statement this evening The resistance statement will have no consequence. The matters brought before the SCOK will. It will be a good time to buy because if SCOK upholds the elections, the madness thread will resurrect. Ok murch. Let’s wait and see Rule of law is king... John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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Tough on Yellen and also a smack in the face for Taylor. Not too certain on Jerome's track record. The main purpose of the stock market is to make fools of as many people as possible.
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Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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https://www.vanguardngr....market-share-big-5/amp/
Present banking situation in Nigeria. Reads like a current and future synopsis of KE banking sector. The difference is consolidation is yet to happen on a large scale in KE which will cull most tier III and IV. Interest caps quickened the process seeing as tier III and IV are collectively under water in terms of profitability. The caps inadvertently relieved them off of their competitive advantage which was higher pricing of loans by taking on the extra risk. Liquidity wise, rates (both horizontal and vertical) have become extremely prohibitive for the small boys. As the economy soldiers on in a funk, some tier II will begin to feel the strain leaving the big boys squaring it out amongst themselves. The main purpose of the stock market is to make fools of as many people as possible.
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Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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ECB is prepping the stage for a wholesale bail-in programme in the event (almost a certainty) of a banking crisis by doing away with deposit protection. Probably emboldened by the low scale uproar in countries where it has been instituted already, they are now aiming for the jugular. http://www.zerohedge.com...s-end-deposit-protectionThe main purpose of the stock market is to make fools of as many people as possible.
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Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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RE:Venezuela default Quote:The management disaster is spectacular and the greatest example of the devastating effect of socialism is the state-owned oil company. PdVSA, the national oil company, has gone from being one of the most efficient and profitable twenty years ago, to end up importing oil.
Although Venezuela has the largest reserves of crude oil in the world — 296 billion barrels — the country began importing oil last year. Its production is less than 2.7 million barrels per day, a drop of 20% in less than two decades, while the Chavez.Maduro regime multiplied its workforce by five, to 175,000 “workers”. https://mises.org/wire/v...zuelas-default-disaster
Some solid advice for KE: Quote:Venezuela had 12,700 private companies when Chávez took power, according to Conindustria. Today there is less than one-third of that figure. To the economic destruction, the regime added the assault on private property with expropriations of more than 690 companies in twelve years. Today, those expropriated companies are technically bankrupt and those that survive are zombies producing less than half of the figures prior to the confiscation. And an ominous parting shot: Quote:Ecuador, the “example” that populists used on how to “confront the IMF” and encourage default, has doubled its debt, mortgaged the country with China at much higher rates than those of the IMF and finally had to ask for help to… the IMF. This is “success.”
Correa in Ecuador defaulted on 3.2 billion US dollars to finish depending on China at a much higher cost (7.5%) and shorter maturities (8 years). And Ecuador now discovers that its real debt is more than 41.8 billion dollars instead of the 27.8 billion that Correa left as “official”. That hole will cost billions in adjustments. This is the reality of default and re-structuring. Things get worse. The main purpose of the stock market is to make fools of as many people as possible.
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Rank: Member Joined: 3/23/2011 Posts: 304
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http://www.zerohedge.com...onths-bond-rout-spreads
The euphoria from the year-end melt up in Europe and the US failed to inspire Chinese traders, and overnight China markets suffered sharp losses, with the Shanghai Composite plunging 2.3%, its biggest one day drop since June 2016, over growing fears that the local bond rout is getting out of control. You dont have to be great to START but you have to start to be GREAT!!!!!!!!
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Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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lochaz-index wrote:Dow tops 23000. There is no stopping this juggernaut. This has to be the rally that has managed to wrong foot the most number of pros not to mention the canon fodder retail investors. http://www.zerohedge.com...7-10-17/dow-hits-23000. Almost zero euphoria from inception in 2009 to date, just steady chugging as the bears continually lose their shirts. How much further up and for how long? Dow pops 24000! Breadth of the advance is incredible...big caps(S&P) and small(Russell) caps alike pushing the limits. With the tax reform yet to be enacted it seems it will be bull season at least for H1 2018. https://www.cnbc.com/amp...h-tax-reform-senate.htmlThe main purpose of the stock market is to make fools of as many people as possible.
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Rank: Member Joined: 3/23/2011 Posts: 304
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lochaz-index wrote:[quote=lochaz-index]Dow tops 23000. There is no stopping this juggernaut. This has to be the rally that has managed to wrong foot the most number of pros not to mention the canon fodder retail investors. http://www.zerohedge.com...7-10-17/dow-hits-23000. Almost zero euphoria from inception in 2009 to date, just steady chugging as the bears continually lose their shirts. How much further up and for how long? Dow pops 24000! Breadth of the advance is incredible...big caps(S&P) and small(Russell) caps alike pushing the limits. With the tax reform yet to be enacted it seems it will be bull season at least for H1 2018. https://www.cnbc.com/amp...-tax-reform-senate.html[/quote] PPT team deployed today...thin liquidity + news that Flynn will testify against Trump = 400 point drop from the high of the day on Dow. You dont have to be great to START but you have to start to be GREAT!!!!!!!!
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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lochaz-index wrote:[quote=lochaz-index]Dow tops 23000. There is no stopping this juggernaut. This has to be the rally that has managed to wrong foot the most number of pros not to mention the canon fodder retail investors. http://www.zerohedge.com...7-10-17/dow-hits-23000. Almost zero euphoria from inception in 2009 to date, just steady chugging as the bears continually lose their shirts. How much further up and for how long? Dow pops 24000! Breadth of the advance is incredible...big caps(S&P) and small(Russell) caps alike pushing the limits. With the tax reform yet to be enacted it seems it will be bull season at least for H1 2018. https://www.cnbc.com/amp...-tax-reform-senate.html[/quote] There's no way capital will flow into our lackluster market. "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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murchr wrote:lochaz-index wrote:[quote=lochaz-index]Dow tops 23000. There is no stopping this juggernaut. This has to be the rally that has managed to wrong foot the most number of pros not to mention the canon fodder retail investors. http://www.zerohedge.com...7-10-17/dow-hits-23000. Almost zero euphoria from inception in 2009 to date, just steady chugging as the bears continually lose their shirts. How much further up and for how long? Dow pops 24000! Breadth of the advance is incredible...big caps(S&P) and small(Russell) caps alike pushing the limits. With the tax reform yet to be enacted it seems it will be bull season at least for H1 2018. https://www.cnbc.com/amp...-tax-reform-senate.html[/quote] There's no way capital will flow into our lackluster market. Already at 26000. Parabolic/maniac phase isn't that far off at these levels of bullish persistence. Since the election, the dow has added +8000 points compared to an an equivalent gain in an eight year slug procession. The main purpose of the stock market is to make fools of as many people as possible.
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Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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lochaz-index wrote:Cryptos have an unlikely/unwelcomed guest-formerly-foe called the government aka the ultimate party pooper. The latest development is state backed cryptos which will be no different to state backed fiat with all the built-in downsides like control, regulation and most importantly monopoly...mainstreaming has its perks but with major downsides since it will most likely lose the allure/lustre that popularised it in the first place. If this doesn't break the crypto-mania swirling around, I don't know what will. Even the IMF is toying with the idea of a crypto SDR. https://mises.org/blog/n...-vs-state-backed-crypto True to form, govts are very busy ruining the crypto party. Nasty hangovers await when the hype dies down. The main purpose of the stock market is to make fools of as many people as possible.
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Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
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https://www.the-star.co....r-imperial-bank_c1699600Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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Ericsson wrote:https://www.the-star.co.ke/news/2018/01/18/three-banks-submit-bids-for-imperial-bank_c1699600 If kcb succeed,it will be a great addition with anticipated move for Nbk.However,SBM seems like they present big offers than anyone else whenever they submit bids.They beat everyone in Chase bank and now they are coming for Imperial. Towards the goal of financial freedom
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Rank: Member Joined: 3/23/2011 Posts: 304
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Sea of red today...S&P500 -2% Worst Drop since September 2016. Dow down 600+ points -2.3% PPT team getting ready? Or is this the start of the long awaited pullback? You dont have to be great to START but you have to start to be GREAT!!!!!!!!
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