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STOCKS TO SELL by yaserbigchair
Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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obiero wrote:mnandii wrote:mkate_nusu wrote:More to join. Exercise Caution!!!mkate_nusu wrote:To be added to the list. obiero wrote:
stocks to avoid 11.08.16: atlas, barclays, britam, cables, carbacid, cfcstanbic, cic, eabl, eapc, eveready, express, home afrika, hfck, kurwitu, kq, marshalls, mumias, nbk, olympia, sameer, stanchart, tpsea,transcentury, uchumi, umeme
arm, scangroup, ftgh, nic, coop, cargeneral, orchards, nbv, nse, deacons Avoid ALL stocks! KenyaRe especially Agreed! I want it to fall to 10/- coz @VVS is waiting in the wings! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 13,519 Location: nairobi
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VituVingiSana wrote:obiero wrote:mnandii wrote:mkate_nusu wrote:More to join. Exercise Caution!!!mkate_nusu wrote:To be added to the list. obiero wrote:
stocks to avoid 11.08.16: atlas, barclays, britam, cables, carbacid, cfcstanbic, cic, eabl, eapc, eveready, express, home afrika, hfck, kurwitu, kq, marshalls, mumias, nbk, olympia, sameer, stanchart, tpsea,transcentury, uchumi, umeme
arm, scangroup, ftgh, nic, coop, cargeneral, orchards, nbv, nse, deacons Avoid ALL stocks! KenyaRe especially Agreed! I want it to fall to 10/- coz @VVS is waiting in the wings! Kenya Re as significant holder of listed bank stock shall take a knock of ages
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: 1/21/2010 Posts: 6,675 Location: Nairobi
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obiero wrote:VituVingiSana wrote:obiero wrote:mnandii wrote:mkate_nusu wrote:More to join. Exercise Caution!!!mkate_nusu wrote:To be added to the list. obiero wrote:
stocks to avoid 11.08.16: atlas, barclays, britam, cables, carbacid, cfcstanbic, cic, eabl, eapc, eveready, express, home afrika, hfck, kurwitu, kq, marshalls, mumias, nbk, olympia, sameer, stanchart, tpsea,transcentury, uchumi, umeme
arm, scangroup, ftgh, nic, coop, cargeneral, orchards, nbv, nse, deacons Avoid ALL stocks! KenyaRe especially Agreed! I want it to fall to 10/- coz @VVS is waiting in the wings! Kenya Re as significant holder of listed bank stock shall take a knock of ages The best thing is that unlike other insurers, they do not pass paper NSE gains or losses through the P&L. Mark 12:29
Deuteronomy 4:16
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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obiero wrote:VituVingiSana wrote:obiero wrote:mnandii wrote:mkate_nusu wrote:More to join. Exercise Caution!!!mkate_nusu wrote:To be added to the list. obiero wrote:
stocks to avoid 11.08.16: atlas, barclays, britam, cables, carbacid, cfcstanbic, cic, eabl, eapc, eveready, express, home afrika, hfck, kurwitu, kq, marshalls, mumias, nbk, olympia, sameer, stanchart, tpsea,transcentury, uchumi, umeme
arm, scangroup, ftgh, nic, coop, cargeneral, orchards, nbv, nse, deacons Avoid ALL stocks! KenyaRe especially Agreed! I want it to fall to 10/- coz @VVS is waiting in the wings! Kenya Re as significant holder of listed bank stock shall take a knock of ages I wish more folks thought like @Obiero ... I would love to pick up more during the "downturn"  @Obiero - Make them sell KenRe! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 13,519 Location: nairobi
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guru267 wrote:obiero wrote:VituVingiSana wrote:obiero wrote:mnandii wrote:mkate_nusu wrote:More to join. Exercise Caution!!!mkate_nusu wrote:To be added to the list. obiero wrote:
stocks to avoid 11.08.16: atlas, barclays, britam, cables, carbacid, cfcstanbic, cic, eabl, eapc, eveready, express, home afrika, hfck, kurwitu, kq, marshalls, mumias, nbk, olympia, sameer, stanchart, tpsea,transcentury, uchumi, umeme
arm, scangroup, ftgh, nic, coop, cargeneral, orchards, nbv, nse, deacons Avoid ALL stocks! KenyaRe especially Agreed! I want it to fall to 10/- coz @VVS is waiting in the wings! Kenya Re as significant holder of listed bank stock shall take a knock of ages The best thing is that unlike other insurers, they do not pass paper NSE gains or losses through the P&L. True.. But why invest in listed stocks and not disclose the indicative performance
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: 10,686 Location: NAIROBI
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@Obiero kenya Re doesn't have a significant holding in banks that's why it has being resilient. It's investment in quoted equities is less than 10% of its assets base. Government securities, deposits in banks, properties and investment in private equity like Zep Re, Uganda Re takes the bulk of its investment. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 8/16/2011 Posts: 2,297
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Now its not time to sell, its time to CRY and Buy!!!!  amp; 
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Rank: Elder Joined: 6/23/2009 Posts: 13,519 Location: nairobi
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Ericsson wrote:@Obiero
kenya Re doesn't have a significant holding in banks that's why it has being resilient.
It's investment in quoted equities is less than 10% of its assets base.
Government securities, deposits in banks, properties and investment in private equity like Zep Re, Uganda Re takes the bulk of its investment. How many KCB shares does KenyaRe hold
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: 10,686 Location: NAIROBI
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@Obiero Roughly around 20mn shares Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 13,519 Location: nairobi
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Ericsson wrote:@Obiero
Roughly around 20mn shares That's about half a billion at current price..
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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That has wiped off about KES 0.50 off the NAV/share of KenRe. With an existing NAV/share of KenRe of 30-ish... Can KenRe bear the loss of KES 0.50? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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I am a Warren Buffett fan. And love moments like these when (misplaced) fear runs rampant. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 13,519 Location: nairobi
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VituVingiSana wrote:That has wiped off about KES 0.50 off the NAV/share of KenRe. With an existing NAV/share of KenRe of 30-ish... Can KenRe bear the loss of KES 0.50? Let us discuss more end of week..
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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http://www.businessdaily...4864-12qjdj8/index.html
Smart guys left long time ago. They never allowed their stake's fate to chance. PE Helios exited at a 10% premium when Equity was rallying around kes 50/- is like they had prior information. Of course they must have read Jubilee manifesto keenly and made a decision based on facts. Those who bought their stake e.g NSSF were just sentimental. Some of the fund managers and CEOs from government institutions are simple mediocre political appointees. Bleeding continues in a few hours from now. PE Helios went home with more than 300% capital gain!!! John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 12/4/2009 Posts: 10,686 Location: NAIROBI
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@Spikes NSSF kenya also sold out their stake in equity bank. They didn't hold it for long.NSSF Uganda are the ones still holding their stake Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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Spikes wrote:http://www.businessdailyafrica.com/PE-Helios-rakes-in-Sh52bn-from-Equity-stake-sale/539552-2874864-12qjdj8/index.html
Smart guys left long time ago. They never allowed their stake's fate to chance. PE Helios exited at a 10% premium when Equity was rallying around kes 50/- is like they had prior information. Of course they must have read Jubilee manifesto keenly and made a decision based on facts. Those who bought their stake e.g NSSF were just sentimental. Some of the fund managers and CEOs from government institutions are simple mediocre political appointees. Bleeding continues in a few hours from now.
PE Helios went home with more than 300% capital gain!!! NSSF managers do not really care. They are not investing their money! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 12/4/2009 Posts: 10,686 Location: NAIROBI
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@VVS I was just clarifying to spikes that NSSF no longer have a stake in equity not whether NSSF managers really care Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 2/24/2015 Posts: 154 Location: Nairobi
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VituVingiSana wrote:I am a Warren Buffett fan. And love moments like these when (misplaced) fear runs rampant.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett Amen, brother! I just wish I had more cash!!! The killing that some will make from this time is astounding.
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Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi
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And why is BBK gaining when all other banks are crashing dowards
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Rank: New-farer Joined: 6/30/2014 Posts: 86 Location: nairobi
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streetwise wrote:And why is BBK gaining when all other banks are crashing dowards maybe its the interim dividend
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STOCKS TO SELL by yaserbigchair
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