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Odd lots
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manziwamtaa
#1 Posted : Monday, January 17, 2011 10:25:38 AM
Rank: Member

Joined: 11/14/2006
Posts: 28
Hi,

Does anyone out there have good advice on how to get rid of some odd lots I have on my portfolio? Suntra says I should place a sale/purchase order at lower than market price but still they haven't managed to sell/buy. Is anyone else in this situation??
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VituVingiSana
#2 Posted : Monday, January 17, 2011 10:46:42 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
How do you buy & sell odd lots?
[The old system was listing them in a different board. The prices varied substantially from the normal board]
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Sober
#3 Posted : Monday, January 17, 2011 11:03:22 AM
Rank: Elder

Joined: 11/27/2007
Posts: 3,604
[quote=VituVingiSana]How do you buy & sell odd lots?
[The old system was listing them in a different board. The prices varied substantially from the normal board][/quote
most people with odd lots are as a result of the old IPO allocations. you have to sell at a lowere price and it is your brocker to oversee that. i had the same issue with Old KPLC and Kengen stock but it was reactified.
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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amolo
#4 Posted : Monday, January 17, 2011 11:03:57 AM
Rank: Member

Joined: 1/29/2007
Posts: 70
I am willing to buy Odd Lots from the following counters to top up mine since I also have odd lots in these counters: EABL, DTB, ARM, Equity, Centum. But as you have been cotrrectly advised the price is normally sustantially lower
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youcan'tstopusnow
#5 Posted : Monday, January 17, 2011 11:17:10 AM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
manziwamtaa, I have seen odd lots traded at market price many times.
GOD BLESS YOUR LIFE
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VituVingiSana
#6 Posted : Monday, January 17, 2011 11:18:33 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
amolo wrote:
I am willing to buy Odd Lots from the following counters to top up mine since I also have odd lots in these counters: EABL, DTB, ARM, Equity, Centum. But as you have been cotrrectly advised the price is normally sustantially lower

Good for you coz you can buy them at a lower price... expect for the minimum commission...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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mlennyma
#7 Posted : Monday, January 17, 2011 11:52:18 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
I have kcb 16,centum 20,kre 72, cfc 83, sasini 56,kengen 8..,iam still doing away with them in vain.
"Don't let the fear of losing be greater than the excitement of winning."
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My 2 cents
#8 Posted : Monday, January 17, 2011 12:24:47 PM
Rank: Veteran

Joined: 6/2/2010
Posts: 1,091
To buy or sell odd lots please do not place a minimum purchase/sale price and they order will go though quicker. Essentially all odd lots are below 100 shares. You are not going to save much quoting max/min prices. e.g I needed to buy 33 KPLC shares to round of my total shares to a non odd number. How would I have saved by specifying a price limit? Even if they were bought at 3/= above market (unlikely) I would simply have paid 100/= more
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The Merchant
#9 Posted : Monday, January 17, 2011 12:30:19 PM
Rank: Veteran

Joined: 5/24/2010
Posts: 846
Location: KENYA
Can one specialize on buying odd lots peke yake? Looks like it can be quite lucrative.
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maskana
#10 Posted : Monday, January 17, 2011 3:01:10 PM
Rank: New-farer

Joined: 1/8/2011
Posts: 48
Location: muranga
Have 41 kre and 31 kengen.Been trying to sell but in vain
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