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Stockbrokers to stop trading at NSE for a month
Rank: Member Joined: 6/14/2010 Posts: 521 Location: Nairobi
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Reuters thinks its a Threat! Hope Reuters is right and hope to see trading tomorrow http://af.reuters.com/ar...ws/idAFKBN0LN1I220150219
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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 bad omen "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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mlennyma wrote: bad omen @mlennyma, How will you survive given your addiction to the NSE?  "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: 13,551 Location: nairobi
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Fetero wrote:obiero wrote:Fetero wrote:murchr wrote:hisah wrote:Like I said in my signature CGT is DoA. You can't fight capital. Very sad indeed. Poor show from Treasury. Totally disappointed by this lot Esp that KRA guy, total lack of creativity. Suspension as of tomorrow, wao! I hope this will stop capital flight. This is the perfect time to catch discounted waves. And the angel of the Lord said to them Behold manna from heaven and eat! @fetero this is not a time to joke.. please @Obiero, am Trying to tell my heart to cool down in that verse my brother. I just jumped with my two feet jana by purchasing quite some volume. Cool down my heart oh my soul...it feels like red hot pepper in my mouth....I need some cold water please guys. @fetero. mos mos osiepna.. stockmarket di maber. meaning, take heart my friend, the stockmarket shall be well
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: 4/22/2009 Posts: 2,863
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Am sure when @MaichBlack said the other day that this govt will one day collect "100% of nothing" he didn't have this in mind..... Sema ulcers central!!!! IF YOU EXPECT ME TO POST ANYTHING POSITIVE ABOUT ASENO, YOU MAY AS WELL SIT ON A PIN
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Rank: Member Joined: 1/16/2014 Posts: 114
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mwenza wrote:Am sure when @MaichBlack said the other day that this govt will one day collect "100% of nothing" he didn't have this in mind..... Sema ulcers central!!!! wa wa wa! Am extremely lucky to have sold some shares last week for funding a project I am working on. This will get angry, I feel for those who have entered into contracts and the expected to fund the projects through sale of shares, What will happen to employees of businesses that rely on Stock market to pay them for example, stockbrokers? Massive loss of jobs. The party is over the bear will officially kick in after trades resume, starting with foreigners exit. confidence in our market will go down tremendously. fear makes people live a miserable life.
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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On the brighter side, CGT on stocks may be abolished ;)
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Rank: Member Joined: 6/14/2010 Posts: 521 Location: Nairobi
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stockshunter wrote:mwenza wrote:Am sure when @MaichBlack said the other day that this govt will one day collect "100% of nothing" he didn't have this in mind..... Sema ulcers central!!!! wa wa wa! Am extremely lucky to have sold some shares last week for funding a project I am working on. This will get angry, I feel for those who have entered into contracts and the expected to fund the projects through sale of shares, What will happen to employees of businesses that rely on Stock market to pay them for example, stockbrokers? Massive loss of jobs. The party is over the bear will officially kick in after trades resume, starting with foreigners exit. confidence in our market will go down tremendously. On the flip side..This is enough pressure to suspend the CGT on stocks till KRA puts their house in order.
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Rank: Member Joined: 6/14/2010 Posts: 521 Location: Nairobi
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obiero wrote:Fetero wrote:obiero wrote:Fetero wrote:murchr wrote:hisah wrote:Like I said in my signature CGT is DoA. You can't fight capital. Very sad indeed. Poor show from Treasury. Totally disappointed by this lot Esp that KRA guy, total lack of creativity. Suspension as of tomorrow, wao! I hope this will stop capital flight. This is the perfect time to catch discounted waves. And the angel of the Lord said to them Behold manna from heaven and eat! @fetero this is not a time to joke.. please @Obiero, am Trying to tell my heart to cool down in that verse my brother. I just jumped with my two feet jana by purchasing quite some volume. Cool down my heart oh my soul...it feels like red hot pepper in my mouth....I need some cold water please guys. @fetero. mos mos osiepna.. stockmarket di maber. meaning, take heart my friend, the stockmarket shall be well Hii mambo ni mbaya kweli. @Obiero speaking in tongues makes it even more grave>
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Rank: Member Joined: 1/16/2014 Posts: 114
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mwekez@ji wrote:On the brighter side, CGT on stocks may be abolished ;) By then the damage maybe irreversible in near future, the homeostasis of the market will be disturbed. fear makes people live a miserable life.
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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Boris Boyka wrote:muganda wrote:Hope you are holding the right shares... because brokers are going to test the Warren Buffett saying of 'I buy on the assumption that they could close the market the next day and not reopen it for five years."And what's with this group-think, first from teachers, to media, now brokers! Kenyan stockbrokers plan to suspend trading at the Nairobi Securities Exchange (NSE) for a month to await a court ruling on a capital gains tax row. http://www.businessdailyafrica....38/-/wjh73i/-/index.html This one is dangerous practice.  Market reaction will not be pleasant... I understand the woes of the Stockbrokers. They are being made responsible for their clients' Tax Calculations! Who wants to be responsible for someone else's Tax Calculations unless you are paid to do so AND have the necessary information. KRA did not release guidelines until late December. And then keeps on revising the guidelines as folks find holes in them. CGT is not the problem but the law/guidelines/implementation was not properly thought out. Ridiculous! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove
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I'm proud of my country. We resolve everything through strikes
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Rank: Veteran Joined: 7/1/2014 Posts: 903 Location: sky
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trading will continue normally tomorrow, although opening might delay, reliable sources 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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Rank: User Joined: 1/20/2014 Posts: 3,528
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Meetings in progress both for digital migration and CGT>>>>>>>>>>>>>>>> In an effort to ward off what would be a crippling stoppage at the bourse, Kenya's Capital Markets Authority (CMA) called for a meeting on Thursday night with bourse members and the NSE, to "discuss measures to protect the systemic stability of the capital markets in Kenya", the CMA said in a statement. Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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Rank: Elder Joined: 2/26/2008 Posts: 4,449
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obiero wrote:this is why I voted for Raila The one who launched StarTimes then opposed it or the one who called NSE investors drug barons? Leave politics out of this one.
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Rank: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove
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This is one good way of sparking capital flight. What treasury/KRA are doing is akin to economic sabotage. Guys are really scared! users browsing this topic>> Fetero, Guest (23), littledove , MoneyMonger ,
murchr , VituVingiSana , whiteowl
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Rank: New-farer Joined: 10/24/2014 Posts: 14
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This government seems bent on killing entreprise in kenya. Discouraging capital investments is like throwing this debt ladden economy to the dogs.
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Rank: Elder Joined: 2/26/2008 Posts: 4,449
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Leave the Executive out of this. Let the systems run their course. Short term discomfort for long term stability.
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Rank: Member Joined: 7/3/2014 Posts: 245
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muganda wrote:Hope you are holding the right shares... because brokers are going to test the Warren Buffett saying of 'I buy on the assumption that they could close the market the next day and not reopen it for five years."And what's with this group-think, first from teachers, to media, now brokers! Kenyan stockbrokers plan to suspend trading at the Nairobi Securities Exchange (NSE) for a month to await a court ruling on a capital gains tax row. http://www.businessdailyafrica....38/-/wjh73i/-/index.html Weak shilling,Sideways market, vapor volumes , brokers vs Kra swordplay, FTA Media blackout, Militarization of the security forces and many more..... Time to defend your stock portfolios ladies and gents, GOLD... In the world of securities, courage and patience become the supreme virtues after adequate knowledge and a tested judgment are at hand.
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Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
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VituVingiSana wrote:Boris Boyka wrote:muganda wrote:Hope you are holding the right shares... because brokers are going to test the Warren Buffett saying of 'I buy on the assumption that they could close the market the next day and not reopen it for five years."And what's with this group-think, first from teachers, to media, now brokers! Kenyan stockbrokers plan to suspend trading at the Nairobi Securities Exchange (NSE) for a month to await a court ruling on a capital gains tax row. http://www.businessdailyafrica....38/-/wjh73i/-/index.html This one is dangerous practice. Market reaction will not be pleasant... I understand the woes of the Stockbrokers. They are being made responsible for their clients' Tax Calculations! Who wants to be responsible for someone else's Tax Calculations unless you are paid to do so AND have the necessary information. KRA did not release guidelines until late December. And then keeps on revising the guidelines as folks find holes in them. CGT is not the problem but the law/guidelines/implementation was not properly thought out. Ridiculous! @vvs indeed the stockbrokers are between a hard place and a rock...but that caught me unawares given my meal was cooking well ready to eat . This confusion will affect market unless it is resolved today. Poor Advisory. Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Stockbrokers to stop trading at NSE for a month
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