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Why investing in the NSE is fool's gold and a waste
Rank: New-farer Joined: 7/16/2018 Posts: 23
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kenyan2019 wrote:hardwood wrote:kenyan2019 wrote:Easier said than done----->According to a survey released Monday this week by the Kenya National Bureau of Statistics (KNBS), approximately 400,000 micro, small and medium enterprises (MSMEs) did not get to celebrate their second anniversary in the last five years raising concern over sustainability of this critical sector. https://www.standardmedi...smes-are-dying-annually So how many businesses have survived? Statistics need to be complete to make sense. Thus they also need to tell us how many businesses were started and how many are surviving. May be over 1 million were started and only 400k collapsed. We need more info. . Did you open the Link? ----->“A total of 2.2 million MSMEs were closed in the last five years, 2016 inclusive,” read the report in part which found that a significant 46 per cent of the MSMEs surveyed died in their first year of establishment. Is there any single one that survived? That's the question...! If there is then somebody did the right things and succeeded.
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Rank: New-farer Joined: 5/19/2014 Posts: 68 Location: Migori
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Bishofu wrote:kenyan2019 wrote:hardwood wrote:kenyan2019 wrote:Easier said than done----->According to a survey released Monday this week by the Kenya National Bureau of Statistics (KNBS), approximately 400,000 micro, small and medium enterprises (MSMEs) did not get to celebrate their second anniversary in the last five years raising concern over sustainability of this critical sector. https://www.standardmedi...smes-are-dying-annually So how many businesses have survived? Statistics need to be complete to make sense. Thus they also need to tell us how many businesses were started and how many are surviving. May be over 1 million were started and only 400k collapsed. We need more info. . Did you open the Link? ----->“A total of 2.2 million MSMEs were closed in the last five years, 2016 inclusive,” read the report in part which found that a significant 46 per cent of the MSMEs surveyed died in their first year of establishment. Is there any single one that survived? That's the question...! If there is then somebody did the right things and succeeded. Which is the point of the discussion. That starting a business is not everyone's cup of tea. And some individuals are better off finding other investment opportunities. Learning to sit on my hands
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Rank: New-farer Joined: 12/30/2018 Posts: 94
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Bishofu wrote:kenyan2019 wrote:hardwood wrote:kenyan2019 wrote:Easier said than done----->According to a survey released Monday this week by the Kenya National Bureau of Statistics (KNBS), approximately 400,000 micro, small and medium enterprises (MSMEs) did not get to celebrate their second anniversary in the last five years raising concern over sustainability of this critical sector. https://www.standardmedi...smes-are-dying-annually So how many businesses have survived? Statistics need to be complete to make sense. Thus they also need to tell us how many businesses were started and how many are surviving. May be over 1 million were started and only 400k collapsed. We need more info. . Did you open the Link? ----->“A total of 2.2 million MSMEs were closed in the last five years, 2016 inclusive,” read the report in part which found that a significant 46 per cent of the MSMEs surveyed died in their first year of establishment. Is there any single one that survived? That's the question...! If there is then somebody did the right things and succeeded. I posted the link in response to the arguments of bales and ladies clothes. I am from a family who has been in various businesses since 1950s and its not what people are trying to portray. Various aspects matter, for example, if your dad bought a 50 acre land, then you investing in it would be easier now, but you would rarely see a person buying from his own pocket and making it at the same time. The same for other SMEs, especially rent etc. I hope you get my point.
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Rank: Member Joined: 1/1/2011 Posts: 396
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[quote=kenyan2019]Easier said than done----->According to a survey released Monday this week by the Kenya National Bureau of Statistics (KNBS), approximately 400,000 micro, small and medium enterprises (MSMEs) did not get to celebrate their second anniversary in the last five years raising concern over sustainability of this critical sector. https://www.standardmedi...smes-are-dying-annually[/quote] That sounds VEEEERRRRRYYY suspect. Business journalists in Kenya are notoriously lazy in analyzing reports. Will need to directly look at the actual survey and conclusions therefrom.
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Rank: Elder Joined: 12/4/2009 Posts: 10,701 Location: NAIROBI
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jmbada wrote:[quote=kenyan2019]Easier said than done----->According to a survey released Monday this week by the Kenya National Bureau of Statistics (KNBS), approximately 400,000 micro, small and medium enterprises (MSMEs) did not get to celebrate their second anniversary in the last five years raising concern over sustainability of this critical sector. https://www.standardmedi...smes-are-dying-annually[/quote] That sounds VEEEERRRRRYYY suspect. Business journalists in Kenya are notoriously lazy in analyzing reports. Will need to directly look at the actual survey and conclusions therefrom. Journalism in kenya died,local media nwdays aren't interested in conveying the reality on the ground. Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 1/1/2011 Posts: 396
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Ericsson wrote:jmbada wrote:[quote=kenyan2019]Easier said than done----->According to a survey released Monday this week by the Kenya National Bureau of Statistics (KNBS), approximately 400,000 micro, small and medium enterprises (MSMEs) did not get to celebrate their second anniversary in the last five years raising concern over sustainability of this critical sector. https://www.standardmedi...smes-are-dying-annually[/quote] That sounds VEEEERRRRRYYY suspect. Business journalists in Kenya are notoriously lazy in analyzing reports. Will need to directly look at the actual survey and conclusions therefrom. Journalism in kenya died,local media nwdays aren't interested in conveying the reality on the ground. Yes. But this is literallybrwading and transcribing from a report. Should be quite straightforward.
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Rank: Veteran Joined: 11/13/2015 Posts: 1,595
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Quote:A system outage left Nairobi Securities Exchange (NSE) investors counting heavy losses as trading was halted for about half of the day on Monday. The trading halt, attributed to a ‘technical hitch’ at the NSE, made it impossible to buy or sell shares. It is the latest in a streak of costly glitches at the NSE in recent years. “The NSE wishes to notify market participants, investors, key stakeholders and the general public that trading at the NSE has been temporarily halted due to a technical hitch which occurred on January 8, 2019 at 11.52 a.m.,” said the NSE in a statement. https://www.businessdail...7088-q920bhz/index.html
Did anyone even notice soko mjinga was offline?
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Rank: Elder Joined: 12/4/2009 Posts: 10,701 Location: NAIROBI
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wukan wrote:Quote:A system outage left Nairobi Securities Exchange (NSE) investors counting heavy losses as trading was halted for about half of the day on Monday. The trading halt, attributed to a ‘technical hitch’ at the NSE, made it impossible to buy or sell shares. It is the latest in a streak of costly glitches at the NSE in recent years. “The NSE wishes to notify market participants, investors, key stakeholders and the general public that trading at the NSE has been temporarily halted due to a technical hitch which occurred on January 8, 2019 at 11.52 a.m.,” said the NSE in a statement. https://www.businessdail...7088-q920bhz/index.html
Did anyone even notice soko mjinga was offline? Guys gave up due to the bear run. Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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wukan wrote:Quote:A system outage left Nairobi Securities Exchange (NSE) investors counting heavy losses as trading was halted for about half of the day on Monday. The trading halt, attributed to a ‘technical hitch’ at the NSE, made it impossible to buy or sell shares. It is the latest in a streak of costly glitches at the NSE in recent years. “The NSE wishes to notify market participants, investors, key stakeholders and the general public that trading at the NSE has been temporarily halted due to a technical hitch which occurred on January 8, 2019 at 11.52 a.m.,” said the NSE in a statement. https://www.businessdail...7088-q920bhz/index.html
Did anyone even notice soko mjinga was offline? Lol nope
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Horton wrote:wukan wrote:Quote:A system outage left Nairobi Securities Exchange (NSE) investors counting heavy losses as trading was halted for about half of the day on Monday. The trading halt, attributed to a ‘technical hitch’ at the NSE, made it impossible to buy or sell shares. It is the latest in a streak of costly glitches at the NSE in recent years. “The NSE wishes to notify market participants, investors, key stakeholders and the general public that trading at the NSE has been temporarily halted due to a technical hitch which occurred on January 8, 2019 at 11.52 a.m.,” said the NSE in a statement. https://www.businessdail...7088-q920bhz/index.html
Did anyone even notice soko mjinga was offline? Lol nope How did a few hours blackout lead to "heavy losses" Life is short. Live passionately.
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Rank: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove
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sparkly wrote:Horton wrote:wukan wrote:Quote:A system outage left Nairobi Securities Exchange (NSE) investors counting heavy losses as trading was halted for about half of the day on Monday. The trading halt, attributed to a ‘technical hitch’ at the NSE, made it impossible to buy or sell shares. It is the latest in a streak of costly glitches at the NSE in recent years. “The NSE wishes to notify market participants, investors, key stakeholders and the general public that trading at the NSE has been temporarily halted due to a technical hitch which occurred on January 8, 2019 at 11.52 a.m.,” said the NSE in a statement. https://www.businessdail...7088-q920bhz/index.html
Did anyone even notice soko mjinga was offline? Lol nope How did a few hours blackout lead to "heavy losses" Good question.This story doesnt make sense.Also worth noting is that most "system outages" occur during the bear.
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Rank: Member Joined: 1/1/2011 Posts: 396
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whiteowl wrote:sparkly wrote:Horton wrote:wukan wrote:Quote:A system outage left Nairobi Securities Exchange (NSE) investors counting heavy losses as trading was halted for about half of the day on Monday. The trading halt, attributed to a ‘technical hitch’ at the NSE, made it impossible to buy or sell shares. It is the latest in a streak of costly glitches at the NSE in recent years. “The NSE wishes to notify market participants, investors, key stakeholders and the general public that trading at the NSE has been temporarily halted due to a technical hitch which occurred on January 8, 2019 at 11.52 a.m.,” said the NSE in a statement. https://www.businessdail...7088-q920bhz/index.html
Did anyone even notice soko mjinga was offline? Lol nope How did a few hours blackout lead to "heavy losses" Good question.This story doesnt make sense.Also worth noting is that most "system outages" occur during the bear. Firstly, all respectable exchanges, including the NSE, have triggers for suspending trading during a market free-fall. This was not the case here. I think it much more likely that delayed trading driven by changes in dividend taxes drove 2019 trade volumes that overwhelmed the ATS.
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Rank: Elder Joined: 1/8/2018 Posts: 2,211 Location: DC (Dustbowl County)
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ICDC has made a staggering recovery in the past week and a half. Iko kitu.
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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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MugundaMan wrote:ICDC has made a staggering recovery in the past week and a half. Iko kitu. Kumbe you're a stalker to the casino? If Obiero did it, Who Am I?
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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Swenani wrote:MugundaMan wrote:ICDC has made a staggering recovery in the past week and a half. Iko kitu. Kumbe you're a stalker to the casino? He has always said that he has 1% of his investment portfolio in the NSE casino. In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Elder Joined: 1/8/2018 Posts: 2,211 Location: DC (Dustbowl County)
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Angelica _ann wrote:Swenani wrote:MugundaMan wrote:ICDC has made a staggering recovery in the past week and a half. Iko kitu. Kumbe you're a stalker to the casino? He has always said that he has 1% of his investment portfolio in the NSE casino. I also said I will jump back in when ICDC hits 5 bob and Safcom 10 bob. Casino is very interesting. Reminds me of that ka alleyway on Kimathi st where I usually pass and see gambling addicts playing slots with dazed glazed over looks in their eyes. If gava is not careful crime will skyrocket due to gambling debts. Gambling addiction is worse than crack cocaine - thats why Mumias is still heavily traded!
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Rank: Elder Joined: 7/22/2009 Posts: 7,459
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I will not comment!!! Just visit the linkNever count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Rank: New-farer Joined: 1/15/2019 Posts: 31
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I also prefer for stock that always give us good high dividend yields too. Thank you for sharing this. I am thinking about new strategy and will do homework on this this weekend.
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Rank: Member Joined: 2/20/2007 Posts: 767
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tom_boy wrote:When I reflect on my NSE journey, my major failing has been selling out too early. Examples of shares I held long ago that I sold too early, for no apparent reason include
Equity bank - I held these at initial listing before the very first split.
Safaricom - bought at 6sh and sold at 16 thinking the market was too hot and about to crash. This was in late 2016.
ARM - bought at 9shs many yrs ago. Sold at 15 shortly after. Little did I know I could have ridden it all the was past 100.
C and G at around 10 bob Sasini at around 10bob
Some stocks I have gotten lucky. Bought Uchumi at 10bob and sold at 20bob in a space of about 2 months then the scandals happened and price never recovered.
Got KQ at 7 bob, those years and sold at 94shs. Pure luck.
I also remember losing a cummulative 6 figure sum on this same NSE.
All in all, I am wiser now.
I know when others are running scared, its time to buckle down and invest.
My portfolio consists of NIC at 23 (not complaining) Bamburi at 183(sold at 150) WTH at 160 holding FTGH at 4.5holding.will avg down Britam at 10.30will avg down LKL at 4.30holding TPS at 21.50holding Jubilee at 460holding KPL at 3.50sold at 4.50 Kengen at 7.05 holding Equity at 40averaging down KCB at 44averaging down Kk at 15sold at 22 Purchased CFC at 90.50 Safcon at 21.50 NIC at 22 Of course these are recently acquired positions. My philosophy is that when everyone thinks the end will not come, its doom and gloom all round, then the light will finally come. Are we there yet, I have no clue, but that time will come.
Have lost less than 10% of my portfolio thus far. Major anxiety with FTGH but looks like company is moving along slowly. Still feels risky to me. My strategy is equal weight on all shares at the point of purchase i.e I put down the same amount of cash on any stock I invest in. They must find it difficult....... those who have taken authority as the truth, rather than truth as the authority. -G. Massey.
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Rank: Elder Joined: 6/23/2009 Posts: 13,530 Location: nairobi
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tom_boy wrote:tom_boy wrote:When I reflect on my NSE journey, my major failing has been selling out too early. Examples of shares I held long ago that I sold too early, for no apparent reason include
Equity bank - I held these at initial listing before the very first split.
Safaricom - bought at 6sh and sold at 16 thinking the market was too hot and about to crash. This was in late 2016.
ARM - bought at 9shs many yrs ago. Sold at 15 shortly after. Little did I know I could have ridden it all the was past 100.
C and G at around 10 bob Sasini at around 10bob
Some stocks I have gotten lucky. Bought Uchumi at 10bob and sold at 20bob in a space of about 2 months then the scandals happened and price never recovered.
Got KQ at 7 bob, those years and sold at 94shs. Pure luck.
I also remember losing a cummulative 6 figure sum on this same NSE.
All in all, I am wiser now.
I know when others are running scared, its time to buckle down and invest.
My portfolio consists of NIC at 23 (not complaining) Bamburi at 183(sold at 150) WTH at 160 holding FTGH at 4.5holding.will avg down Britam at 10.30will avg down LKL at 4.30holding TPS at 21.50holding Jubilee at 460holding KPL at 3.50sold at 4.50 Kengen at 7.05 holding Equity at 40averaging down KCB at 44averaging down Kk at 15sold at 22 Purchased CFC at 90.50 Safcon at 21.50 NIC at 22 Of course these are recently acquired positions. My philosophy is that when everyone thinks the end will not come, its doom and gloom all round, then the light will finally come. Are we there yet, I have no clue, but that time will come.
Have lost less than 10% of my portfolio thus far. Major anxiety with FTGH but looks like company is moving along slowly. Still feels risky to me. My strategy is equal weight on all shares at the point of purchase i.e I put down the same amount of cash on any stock I invest in. That strategy is difficult to ensure success, since different companies face different dynamics, from management, scale etc.. I would suggest you decipher fundamentals keenly and pursue good dividend paying stocks HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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