Forester wrote:And the DJ will not sell even if someone offered Kshs.100 per share. I wonder how much this a counter will be same time next year. This one will get the guys who bought sub 30/- into the millionaires club.
But the DJ might not be very smart. He told everyone he plans to increase his holding to 30% before actually doing it. At that time the share was selling at 25/=. That announcement has made him pay through the nose! He has been buying the share at a premium. All the way to 60's
Shares that would have cost him 823 million had he bought quietly will end potentially costing him 2.1 Billion!!!
He would have saved approximately 1.3 Billion (give or take) had he not spoken!!!
That I don't understand!!! And he was not bluffing because he has actually been buying!
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.