hisah wrote:Swenani wrote:Fyatu wrote:hisah wrote:At the current price of 1.30 this counter is trading below 1 pence unit?!?
At LSE it's priced at KES 22 while at NSE it trades at KES 1.30. Crazy price discount or disconnect! What is going on...?
i beg to differ. In london it is trading at 0.11 pence which is equivalent to penny moja na ndururu in Kenya
Hii hesabu ngumu kweli kama inashida watu wa blue section
Oh dear! my initial calc was right.
@Fyatu you are right. I got lost in my own math as i argued with @vvs. The LSE price is 0.11 pence which converts to KES 0.15.
See the conversion in this link.
http://coinmill.com/GBX_KES.html
"hisah wrote:
In London this thing
trades at 16 pence. That translates to 22cts in KE. Why it trades at a premium in KE is the million dollar question. But this obviously points out to poor investor knowledge."
16 pence = GBP 0.16 = 0.16 x 135 = ?
"The LSE price is
0.11 pence which converts to KES 0.15."
Now that makes much more sense
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett