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ODD lots are my Pain in the wrong Place
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tkzee
#21 Posted : Sunday, July 25, 2010 3:59:24 PM
Rank: Member

Joined: 7/13/2010
Posts: 160
Location: rift Valley-Naks
Odd lots can be sold together with the rest of the shares but you'll need to quote a shilling less the average mkt price.The problem is that they take a bit of some time but eventually they get sold.Speak to your respective brokers on how to dispose them.
''i can calculate the motion of heavenly bodies,but not the madness of people''-Isaac Newton
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guru267
#22 Posted : Sunday, July 25, 2010 4:16:58 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
I also have 60 jubilee but there is no way i can sell below market price.... I'll wait for a split or more bonuses
Mark 12:29
Deuteronomy 4:16
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tkzee
#23 Posted : Sunday, July 25, 2010 4:29:26 PM
Rank: Member

Joined: 7/13/2010
Posts: 160
Location: rift Valley-Naks
guru267 wrote:
I also have 60 jubilee but there is no way i can sell below market price.... I'll wait for a split or more bonuses

Not a bad idea for a blue chip stock.You can also accumulate the cheques and re-validate when its a good amount.
''i can calculate the motion of heavenly bodies,but not the madness of people''-Isaac Newton
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StatMeister
#24 Posted : Sunday, July 25, 2010 6:26:59 PM
Rank: Veteran

Joined: 5/23/2010
Posts: 868
Location: La Islas Galápagos
its ok for me to laugh coz i have odd lots in uchumi, they'll have to split it 100 to 1 for me to sell. thats a vision 2030
A bad day fishing is better than a good day at work
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mBiaLoss
#25 Posted : Monday, July 26, 2010 7:36:13 AM
Rank: New-farer

Joined: 6/23/2010
Posts: 52
Location: Majuu
So if this odd lots are cheaper than the average, am I able to buy for portifolio built up? Especially for the shares I plan for longterm investment? Is that somebody I have to ask my broker about?
As an investor I behave like a tick, patiently waiting on grass and larch onto the first cow that shows up. As an investor I dont behave like a tick...I jump off the the cow as soon as am fully engorged before it dies...
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youcan'tstopusnow
#26 Posted : Monday, July 26, 2010 7:48:33 AM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
MBiaLoss, most Kenyans (me included) are too stubborn to sell at below market price. But would you blame us really? Free annual reports for life and free goodies if we wish at the AGMs. Heaven
GOD BLESS YOUR LIFE
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pariah
#27 Posted : Monday, April 01, 2013 8:22:43 PM
Rank: Member

Joined: 11/24/2011
Posts: 833
any development on this odd lot business. i am a proud owner of 13 centum and 20 scangroup shares
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youcan'tstopusnow
#28 Posted : Monday, April 01, 2013 9:14:30 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
pariah wrote:
any development on this odd lot business. i am a proud owner of 13 centum and 20 scangroup shares

I was entitled to 7 shares during NIC's latest rights issuesmile
GOD BLESS YOUR LIFE
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dunkang
#29 Posted : Monday, April 01, 2013 9:50:27 PM
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
youcan'tstopusnow wrote:
mBiaLoss, such shares come about as a result of bonuses e.g. if you had 300 nic shares. A 1 for 10 bonus is given. This adds you 30 shares giving you a grand total of 330 shares (I've always wanted to say grand totalsmile ) You then sell 300 shares after the bonus books closure (since you can only sell in lots of 100) Thus leaving you with 30 shares, not to mention a lifetime supply of financial reports. If another 1 for 10 bonus is given, you'll have 33 shar es


So, with your 33 shares, they declare a 1 for 10, you will be left with 36.3 shares. Can it happen?
Receive with simplicity everything that happens to you.” ― Rashi

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madebe
#30 Posted : Monday, April 01, 2013 10:03:59 PM
Rank: Member

Joined: 10/7/2010
Posts: 251
Location: nairobi
By the way, half of my jubilee holdings, and it is substantial has been built from buying in the old lots board. This is a vital lesson I learnt from going to the trading floor before introduction of CDS and ATS.
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