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How to tell NSE has bottomed out
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Sufficiently Philanga....thropic
#3251 Posted : Tuesday, May 07, 2013 11:22:14 AM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
hisah wrote:
May 13th it goes exdiv... Chart looks toppish. Big support around 35.


This one will need Heavy duty Gas Munroe shock absorbers post 13thsmile
Wonder why the Q1 results delay?
Over to @Obiero for the latest at the Exchange bar
@SufficientlyP
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Sufficiently Philanga....thropic
#3252 Posted : Tuesday, May 07, 2013 11:28:43 AM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
Serious volumes around simba and member AON(as of now).
@Mwekezaji needed to shed more light on foreign participation so far!
@SufficientlyP
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mwanahisa
#3253 Posted : Tuesday, May 07, 2013 11:39:00 AM
Rank: Elder

Joined: 6/2/2008
Posts: 1,438
Sufficiently Philanga....thropic wrote:
Serious volumes around simba and member AON(as of now).
@Mwekezaji needed to shed more light on foreign participation so far!


As at 11.35 a.m.

Equity Bank - Foreigners are 26.32% NET SELLERS; while on
KCB - Foreigners are 99.55% NET BUYERS.

It looks like they are rotating out of Member into the Lion. Are they trying to get in on Simba's dividends or what is the story here?
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Sufficiently Philanga....thropic
#3254 Posted : Tuesday, May 07, 2013 11:55:19 AM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
Many thanks @mwanahisa. That foreign participation data is interesting.
Me thinks they're being duped into Simba.
They could be net sellers post Q1 resultssmile
@Obiero, we are still here!/?,!)
@SufficientlyP
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mwekez@ji
#3255 Posted : Tuesday, May 07, 2013 1:36:12 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
Sufficiently Philanga....thropic wrote:
Many thanks @mwanahisa. That foreign participation data is interesting.
Me thinks they're being duped into Simba.
They could be net sellers post Q1 resultssmile
@Obiero, we are still here!/?,!)


Also to note is that Memba has recorded the highest net foreign outflow in the market over the past two weeks (Week ending 26th April, net foreign outflow - USD334.4K; week ending 3rd May, net foreign outflow - USD1,004.1K). Over the same period, Simba has recorded net foreign inflow of USD 2,158.90. Foreign funds rotation is a strong hypothesis here. ... foreigners in Memba mus have been spooked by the high turnover of CFOs, unsatisfactory quality of the Q1 2013 growth and the below chart (#post 3256)

On Simba Q1 2013 results, @Rich is calling +20% growth while @Obiero (Xchange Bar) & @guru are calling flat to negative growth #Now_Waiting #Simba_is_Reporting_this_Week
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mwekez@ji
#3256 Posted : Tuesday, May 07, 2013 1:38:02 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
#Memba - Note its behavior every time its RSI hits over 70


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Sufficiently Philanga....thropic
#3257 Posted : Tuesday, May 07, 2013 2:04:41 PM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
mwekez@ji wrote:
#Memba - Note its behavior every time its RSI hits over 70



Interearing that RSI observation. Didnt know it had actually hit 70. Needs to come down for foreign interest to pick.
Fundamentally,the NPL ratio spike by more than 50% y/y, as you well noted needs some urgent address.
@SufficientlyP
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  | | Edit by user: Tuesday, May 07, 2013 2:20 PM | Reason: Not specified
hisah
#3258 Posted : Tuesday, May 07, 2013 2:16:09 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
cnn wrote:
hisah wrote:
May 13th it goes exdiv... Chart looks toppish. Big support around 35.


I am no cartoonist,@hisah...what do they tell you on EABL..now crossing the 330 mark yet the demand is still robust,i gave up trying to understand it.
Even that KCB could sustain the current prices if foreigners sustain their bidding ex dividend.

EABL and mpesa bank have been on boosters since Nov 2012 - that Ethiopian special agreement deal. Foreign bids have been relentless and on huge volume...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#3259 Posted : Tuesday, May 07, 2013 3:48:52 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
mwekez@ji wrote:
Sufficiently Philanga....thropic wrote:
Many thanks @mwanahisa. That foreign participation data is interesting.
Me thinks they're being duped into Simba.
They could be net sellers post Q1 resultssmile
@Obiero, we are still here!/?,!)


Also to note is that Memba has recorded the highest net foreign outflow in the market over the past two weeks (Week ending 26th April, net foreign outflow - USD334.4K; week ending 3rd May, net foreign outflow - USD1,004.1K). Over the same period, Simba has recorded net foreign inflow of USD 2,158.90. Foreign funds rotation is a strong hypothesis here. ... foreigners in Memba mus have been spooked by the high turnover of CFOs, unsatisfactory quality of the Q1 2013 growth and the below chart (#post 3256)

On Simba Q1 2013 results, @Rich is calling +20% growth while @Obiero (Xchange Bar) & @guru are calling flat to negative growth #Now_Waiting #Simba_is_Reporting_this_Week

Waiting to see the NPL item. If it looks like Equity's then CBK will likely be forced to start cutting rates going forward...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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the deal
#3260 Posted : Tuesday, May 07, 2013 4:15:35 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
There will be a huge gap between KCB and Equity Bank Pretax Profit Items...EB is ahead by a long shot but KCB can still suprise! CFC Stanbic Q1 13 PBT likely to come in between 50-100% over last year!
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  | | Edit by user: Tuesday, May 07, 2013 4:18 PM | Reason: Not specified
569 Pages«<324325326327328>»
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