Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Yesterdays trading was a short 1hr 15mins with price manipulation by Faida. I doubt whether Faida mboys will be able to manipulate the market today. Lower low will print!
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Rank: Elder Joined: 6/20/2012 Posts: 3,855 Location: Othumo
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mwekez@ji wrote:Yesterdays trading was a short 1hr 15mins with price manipulation by Faida. I doubt whether Faida mboys will be able to manipulate the market today. Lower low will print! Despite yesterday's manipulation by 1 big boy, the share has started drifting towards wanjiku's affordability levels. Can have additional at levels below 4 bob nothing more. Let us wait and see if the mbus will behave. Thieves
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Rank: Member Joined: 4/14/2011 Posts: 639
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what are the bids currently.I hear there is no demand
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Rank: Member Joined: 2/8/2007 Posts: 808
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I am sure Faida and Kingdom securities will pitch with "demand" sooner or latter. Look and take this to the bank, this share will go the Britak way in another few months. Expect it at 2bob before close of year.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Hunderwear wrote:what are the bids currently.I hear there is no demand
total demand - 300,000
total supply - 2,426,500
Current VWAP - 4.85/-
Open - 5.25/-
High - 5/-
Low - 4.75/-
Down - 7.62%
Let us see how PPT will handle it as it approaches 3.50/- But due to the lack of significant volume, it should be easy for them to float it back above 5/- and create a floor at 4/-
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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Hunderwear wrote:what are the bids currently.I hear there is no demand No bidders, but there are 2.37m offers at 4.75!
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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CIC is a unique insurance company thus it deserves to trade at a premium to the likes of Jubilee...but at the current price it has moved way ahead of fundamentals...4 bob is a good price!
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Rank: Member Joined: 2/22/2010 Posts: 510 Location: De egg
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Kausha wrote:I am sure Faida and Kingdom securities will pitch with "demand" sooner or latter. Look and take this to the bank, this share will go the Britak way in another few months. Expect it at 2bob before close of year. you can't armtwist Sir. Market and if you try he reacts with fury . We ar waiting for this stock hapa hapa jini . Take ua time . Peace be with you
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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the deal wrote:CIC is a unique insurance company thus it deserves to trade at a premium to the likes of Jubilee...but at the current price it has moved way ahead of fundamentals...4 bob is a good price! @the deal, Agreed, I will wait for it at 3.5 and hope some guys despair to sell it at 3!
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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Kausha wrote:I am sure Faida and Kingdom securities will pitch with "demand" sooner or latter. Look and take this to the bank, this share will go the Britak way in another few months. Expect it at 2bob before close of year. Two bob, I doubt, unless they record losses in their HY year results. I am sure the results will be exciting.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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PKoli wrote:Kausha wrote:I am sure Faida and Kingdom securities will pitch with "demand" sooner or latter. Look and take this to the bank, this share will go the Britak way in another few months. Expect it at 2bob before close of year. Two bob, I doubt, unless they record losses in their HY year results. I am sure the results will be exciting. I've also looked at their books from 2010 to their latest Q1 results. Not possible to sink it below 3/- unless euroland goes kaput ushering another nasty GFC. Also the scarcity of volume will make it less volatile. The next 2 weeks will indicate the market balance for the price.$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Veteran Joined: 8/11/2010 Posts: 1,011 Location: nairobi
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also note that Q1 2012 pat was 457m vs 584m of FY 2011.thought still early.we can know Q2 performance when coop will be releasing theirs
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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bartum wrote:also note that Q1 2012 pat was 457m vs 584m of FY 2011.thought still early.we can know Q2 performance when coop will be releasing theirs i never saw those q1 results. were they comprehensive or newspaper reports?
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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2.50 is the maximum price i would pay for Cic. there's no such thing as a special share. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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Aguytrying wrote:2.50 is the maximum price i would pay for Cic. there's no such thing as a special share. @Aguy, Unless you do not want to own CIC, you might have to wait a little longer. Two stocks taught me a lesson; 1. ARM was trading at 28 and I said the maximum I can ever buy is at 26. I had a few but would have added a significant number. I watched it go to 64 and stagnate there for a while. I finally added some at 64. I offloaded at 120. 2. I was encouraged by a friend to buy equity bank, after listing at KES 135. The share was trading at 140 when I arrived at the brokers office at African Alliance, then upper hill. I was to buy about 20,000 shares. I felt 140 was too high and only bought 2,000 at 135 and cancelled the order for equity. Obviously equity went on to announce a bonus of 2 for every one. The 140 worth share went to 300. The rest as they say is history.
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Rank: Veteran Joined: 8/11/2010 Posts: 1,011 Location: nairobi
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PKoli wrote:bartum wrote:also note that Q1 2012 pat was 457m vs 584m of FY 2011.thought still early.we can know Q2 performance when coop will be releasing theirs i never saw those q1 results. were they comprehensive or newspaper reports? it apears in coop bank Q1 results as share of associate.
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Rank: Veteran Joined: 8/11/2010 Posts: 1,011 Location: nairobi
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PKoli wrote:Aguytrying wrote:2.50 is the maximum price i would pay for Cic. there's no such thing as a special share. @Aguy, Unless you do not want to won CIC, you might have to wait a little longer. Two stocks taught me a lesson; 1. ARM was trading at 28 and I said the maximum I can ever buy is at 26. I had a few but would have added a significant number. I watched it go to 64 and stagnate there for a while. I finally added some at 64. I offloaded at 120. 2. I was encouraged by a friend to buy equity bank, after listing at KES 135. The share was trading at 140 when I arrived at the brokers office at African Alliance, then upper hill. I was to buy about 20,000 shares. I felt 140 was too high and only bought 2,000 at 135 and cancelled the order for equity. Obviously equity went on to announce a bonus of 2 for every one. The 140 worth share went to 300. The rest as they say is history. learning the hard way
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Rank: Veteran Joined: 10/11/2009 Posts: 1,223
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PKoli wrote:Aguytrying wrote:2.50 is the maximum price i would pay for Cic. there's no such thing as a special share. @Aguy, Unless you do not want to own CIC, you might have to wait a little longer. Two stocks taught me a lesson; 1. ARM was trading at 28 and I said the maximum I can ever buy is at 26. I had a few but would have added a significant number. I watched it go to 64 and stagnate there for a while. I finally added some at 64. I offloaded at 120. 2. I was encouraged by a friend to buy equity bank, after listing at KES 135. The share was trading at 140 when I arrived at the brokers office at African Alliance, then upper hill. I was to buy about 20,000 shares. I felt 140 was too high and only bought 2,000 at 135 and cancelled the order for equity. Obviously equity went on to announce a bonus of 2 for every one. The 140 worth share went to 300. The rest as they say is history. They also split it 1 to 10 History will not remember you for your IQ. It will remember you for what you did. “Genius is 1 percent inspiration, 99 percent perspiration.” Thomas Edison
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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@pkoli. u are right im not keen on owning cic hence my low price. if i was i would lock it.in at.a much higher price . tough experiences u had. i was once left by dtb and i know. if one decides on a share. even paying 5% more than target is ok. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Price discovery on this counter is ON. Anything goes, even the 2.50 call by @Aguy or the 2.00 call by @yaser
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