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Kenya Re HY2017
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nashx
#51 Posted : Friday, December 29, 2017 4:30:17 PM
Rank: Member

Joined: 2/28/2014
Posts: 188
Location: Nairobi
The price has largely stagnated...I wouldn't call that "worst performing" given there are stocks in loss territory. I actually bought more today but wanted to know if anyone is aware of any major change in its fundamentals coz with a fair value of almost 37 the current price is not rational. Nevertheless, unless fundamentals have changed this is a stock I intend to hold till full value is realised
Offering my personal finance knowledge for free
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Ericsson
#52 Posted : Friday, December 29, 2017 4:59:43 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,811
Location: NAIROBI
31 December 2016,kenya re closed at 22.50
2 January 2017 it opened at 22.50
29 December 2017 kenya re closes at 18.10
Negative 19.5% for the year.
Maybe next year it does a 70% appreciation
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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sparkly
#53 Posted : Friday, December 29, 2017 5:01:13 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Horton wrote:
Ericsson wrote:
nashx wrote:
Why the sudden decline...What don't I know?


Amongst the top list of worst performing counters this year in the NSE in terms of share price



Value trap?!


So it seems until it's not. I thought Unga was a value trap at 8-10 until it hit 40+
Life is short. Live passionately.
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nashx
#54 Posted : Friday, December 29, 2017 6:03:05 PM
Rank: Member

Joined: 2/28/2014
Posts: 188
Location: Nairobi
http://mobile.nation.co....tem-1-lh3yr7/index.html

Maybe the reason

Also it had the highest net outflows in terms of foreigners
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nashx
#55 Posted : Friday, December 29, 2017 6:04:13 PM
Rank: Member

Joined: 2/28/2014
Posts: 188
Location: Nairobi
Ericsson wrote:
31 December 2016,kenya re closed at 22.50
2 January 2017 it opened at 22.50
29 December 2017 kenya re closes at 18.10
Negative 19.5% for the year.
Maybe next year it does a 70% appreciation


Some of us bought at 17 bob hence why I thought it just stagnated
Offering my personal finance knowledge for free
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sparkly
#56 Posted : Friday, December 29, 2017 6:15:22 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
nashx wrote:
http://mobile.nation.co.ke/news/1950946-4232488-item-1-lh3yr7/index.html

Maybe the reason

Also it had the highest net outflows in terms of foreigners


This is old news to the market. There must be some new news. Perhaps the end year financials are short of expected .
Life is short. Live passionately.
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nashx
#57 Posted : Friday, December 29, 2017 6:26:08 PM
Rank: Member

Joined: 2/28/2014
Posts: 188
Location: Nairobi
sparkly wrote:
nashx wrote:
http://mobile.nation.co.ke/news/1950946-4232488-item-1-lh3yr7/index.html

Maybe the reason

Also it had the highest net outflows in terms of foreigners


This is old news to the market. There must be some new news. Perhaps the end year financials are short of expected .


Ok that is the best I could find...still searching for what else could have spooked the foreigners....It remains a screaming BUY until I find information to the contrary
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sparkly
#58 Posted : Friday, December 29, 2017 7:09:10 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
nashx wrote:
sparkly wrote:
nashx wrote:
http://mobile.nation.co.ke/news/1950946-4232488-item-1-lh3yr7/index.html

Maybe the reason

Also it had the highest net outflows in terms of foreigners


This is old news to the market. There must be some new news. Perhaps the end year financials are short of expected .


Ok that is the best I could find...still searching for what else could have spooked the foreigners....It remains a screaming BUY until I find information to the contrary


Don't think this has anything to do with it, also old news.
https://www.businessdail...617158-lshy8i/index.html
Life is short. Live passionately.
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Ericsson
#59 Posted : Friday, December 29, 2017 7:13:21 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,811
Location: NAIROBI
That piece of land they should just book it in the books as loss in the financial statements.
Start on a clean slate next year.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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obiero
#60 Posted : Friday, December 29, 2017 7:49:10 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,251
Location: nairobi
nashx wrote:
Ericsson wrote:
31 December 2016,kenya re closed at 22.50
2 January 2017 it opened at 22.50
29 December 2017 kenya re closes at 18.10
Negative 19.5% for the year.
Maybe next year it does a 70% appreciation


Some of us bought at 17 bob hence why I thought it just stagnated

I kept telling you guys. This is an old man's stock. People like @vvs who love stability.. I was once a shareholder and I made my returns but I can't go back in

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