Ebenyo wrote:Angelica _ann wrote:obiero wrote:Ebenyo wrote:obiero wrote:Ebenyo wrote:There is a sister thread called "stocks to buy".it should be activated to bring balance.
@ebenyo Any stock not on this thread should ideally be on the buy list, ama namna gani??
the problem is that our personal tests differ.for example i like carbacid because of 1.current profit margin of 51%
2.Positive cash flow currently at kshs 605,165,000
3.Equity over assets ratio of 92%
Surely how can you advise someone to sell such a stock with those dimensions.Instead its a buy and hold for me.
Are you aware that the firm was suspended just a few years ago
It was suspended for other reasons.........
BOC wanted to buy out carbacid.The cma must have suspected some fishy dealings.
BOC wanted to buy out Carbacid. Matiba refused to sell his 22% holding to BOC.
CMA refused to approve the takeover since it wasn't supported by 90% of the shareholding.
The wrangles led to court cases, Matiba thrown out of Carbacid Board. CMA suspended both BOC and Carbacid.
Matiba privately sold his stake to Centum.
BOC dropped the takeover bid and suspensions were lifted.
Life is short. Live passionately.