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CFC-Stanbic 2009
Rank: Elder Joined: 6/27/2008 Posts: 4,114
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VituVingiSana wrote:I am in agreement with @proverB coz the management has show sub-par performance... I would rather buy NIC or DTB... This was on April 13; NIC was 33.50 DTB was 78.00 CFC was 42.50 Yesterday's [12th July exactly 3 calendar months later] closing numbers were: NIC = 39.00 [16% up] DTB = 89.00 [14% up] CFC = 83.50 [96% up] Glad I stayed put... Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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Rank: Chief Joined: 1/3/2007 Posts: 18,210 Location: Nairobi
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mukiha wrote:VituVingiSana wrote:I am in agreement with @proverB coz the management has show sub-par performance... I would rather buy NIC or DTB... This was on April 13; NIC was 33.50 DTB was 78.00 CFC was 42.50 Yesterday's [12th July exactly 3 calendar months later] closing numbers were: NIC = 39.00 [16% up] DTB = 89.00 [14% up] CFC = 83.50 [96% up] Glad I stayed put... I am speechless! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/27/2008 Posts: 4,114
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the deal wrote:mukiha wrote:the deal wrote:@ mukiha asante...i'm getting in...i think cfc should ship du toit back to southern africa...i think he will do better there...then hire a competent kenyan c.e.o... Your prayers were answered... partly, though. he was not shipped to SA. Did you buy? yeaah i went in...i bought 2000 shares at 43 bob...then sold the at 71.50...it gave me over over 60% return....with that i outperformed @stockmaster-our index here at Wazua...LOL... You didn't have to sell the whole lot. 1,200 shares should have recovered your cash and you'd still be on this ride towards 100... Where did you take the money? Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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mukiha wrote:the deal wrote:mukiha wrote:the deal wrote:@ mukiha asante...i'm getting in...i think cfc should ship du toit back to southern africa...i think he will do better there...then hire a competent kenyan c.e.o... Your prayers were answered... partly, though. he was not shipped to SA. Did you buy? yeaah i went in...i bought 2000 shares at 43 bob...then sold the at 71.50...it gave me over over 60% return....with that i outperformed @stockmaster-our index here at Wazua...LOL... You didn't have to sell the whole lot. 1,200 shares should have recovered your cash and you'd still be on this ride towards 100... Where did you take the money? thats my regret regret regret regret @mukiha...took the profits and did spend all of it on electronics,used my initial capital to venture into KQ,SCOM,WTK and now Unga...you see with us young people when you see your investment in six figures...u start bragging to ur colleagues that u are the new Warren Buffet...funny but true...
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Rank: Elder Joined: 7/22/2009 Posts: 7,560
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the deal wrote:...you see with us young people when you see your investment in six figures...u start bragging to ur colleagues that u are the new Warren Buffet...funny but true... I choose to look at it from a different angle. You are a young person investing. You should be proud of yourself. Your age mates spend their time in Westlands drinking all they have [and what they don't have]. With your cumulative knowledge, passion and experience, you'll be very far in 10 years! Congratulations! Never 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: Chief Joined: 1/3/2007 Posts: 18,210 Location: Nairobi
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MaichBlack wrote:the deal wrote:...you see with us young people when you see your investment in six figures...u start bragging to ur colleagues that u are the new Warren Buffet...funny but true... I choose to look at it from a different angle. You are a young person investing. You should be proud of yourself. Your age mates spend their time in Westlands drinking all they have [and what they don't have]. With your cumulative knowledge, passion and experience, you'll be very far in 10 years! Congratulations! @thedeal is a boozer... Only Windhoek Lager...  Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Hehehe thanx Folks...i just need to work on my nerves....believe me the stock market is the greatest show on earth besides the World Cup...its not short of drama any moment...now lets see what 2H 2010 brings...1H was greaaat...
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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mukiha wrote:the deal wrote:mukiha wrote:the deal wrote:@ mukiha asante...i'm getting in...i think cfc should ship du toit back to southern africa...i think he will do better there...then hire a competent kenyan c.e.o... Your prayers were answered... partly, though. he was not shipped to SA. Did you buy? yeaah i went in...i bought 2000 shares at 43 bob...then sold the at 71.50...it gave me over over 60% return....with that i outperformed @stockmaster-our index here at Wazua...LOL... You didn't have to sell the whole lot. 1,200 shares should have recovered your cash and you'd still be on this ride towards 100... Where did you take the money? Mambo bado, we will still make money on it after the de-merger. I will be keeping the insurance side of the business. It will be the more unfairly priced i belief. Life is short. Live passionately.
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Rank: Elder Joined: 6/27/2008 Posts: 4,114
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sparkly wrote:
Mambo bado, we will still make money on it after the de-merger. I will be keeping the insurance side of the business. It will be the more unfairly priced i belief.
You do know that Du Toit will be heading that side, don't you? Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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Rank: Elder Joined: 6/27/2008 Posts: 4,114
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I see a guy asking for 90bob, and another one 89. Demand is 30k supply 5.5k I bet the two orders will be taken....what say you? Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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Rank: Veteran Joined: 6/17/2009 Posts: 1,621
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At 95 i will let go.Too ambitious?
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Rank: Chief Joined: 1/3/2007 Posts: 18,210 Location: Nairobi
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cnn wrote:At 95 i will let go.Too ambitious? Offers at 88, 89 & 90 at the moment... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 6/17/2009 Posts: 1,621
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@vvs,i am looking at the next few trading days.
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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@VVS
What are the volumes for demand and supply like? I cannot see live feeds on my cel
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Rank: Chief Joined: 1/3/2007 Posts: 18,210 Location: Nairobi
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PKoli wrote:@VVS
What are the volumes for demand and supply like? I cannot see live feeds on my cel 6,100 bid 2 84 9,500 bid @ 85 2,500 offer @ 88 4,500 offer @ 89 1,000 offer @ 90 Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 1/25/2009 Posts: 184 Location: For now El-Fashier - Darfur
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Who calls the shots??? The sellers or the buyers!! Having stocked this counter at sub 50 and with a target of 55% capital gain i think is its time to take my profit kesho. So expect a huge supply at today average price tomorror!!! Am seriously looking at another bus to ride on. Was eager to take advantage of USE correction after the terrorist attack but it neva responded! Suggestions invited but not OCHL "A bad decision made now is beta that a good one made later!!"
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Rank: Chief Joined: 1/3/2007 Posts: 18,210 Location: Nairobi
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@underweight "A bad decision made now is beta that a good one made later" so... I have a few OCHL to sell...  Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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@VVS
Thanks for update. I think it is worthwhile to wait for stabilization of price. It is more likely to remain stable than to go below 90 bob. On the other we might see it upward.
@Underweight.
I too expected the USE to react negatively. As a tradition, the reaction from Ugandans is too slow. However, demand on most securities is very high from fund managers. Supply has been low and slow since Ugandans are not traders. We will seeing more activities as they start embracing CDS
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Rank: Elder Joined: 7/22/2009 Posts: 7,560
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@vvs - And who'll be making the bad decision here? You for selling or @underweight for buying. LOL. Never 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: Elder Joined: 2/10/2007 Posts: 1,587
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@Maichblack
Depends individual's investment horizon. If VVS is selling after making a loss of say 30% in 2 months and underweight is buying what he is likely to lose say 20% in two months.
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