ProverB wrote:drake wrote:Assuming you had bought into the stock (CENTUM:KN) that Monday (25.05.09), ON/AFTER hearing Mr Mworia's presentation... and then sold it after 30 days (23.06.09) you would have gotten ~22.7%* return (un-annualized) before fees for that time.
rise in centum had
very..if any, little to do with mr mworia's presentation at mind-speak but the firm's Interim results please.. I bought at about the same time..and NO! i did not attend.
@ProverB
Perhaps you misunderstood me so I'll break it down....
drake wrote:
...... they hosted James Mworia from Centum (23.05.09) 5 months after he had started as CEO & he killed it: he broke down his vision for the company, portfolio re-alignments etc etc and also spoke a bit on personal investing. Everyone left enlightened & impressed.
Assuming you had bought into the stock (CENTUM:KN) that Monday (25.05.09), ON/AFTER hearing Mr Mworia's presentation...
....anyone who might have attended or watched/listened to Mr Mworia's presentation....and then proceeded to buy into the company because they were impressed by the new CEO & his plan would have profited. I'm not saying the run up on the price had anything to do with the presentation.
You would have to look at how ARM, KCB & Serena shares reacted right after their respective CEO's made their appearances to establish/determine if there's any correlation (probably spurious).
However, It's at venues like this when the CEO sometimes 'let's slip' some material, non-public information. e.g. Anyone who attended and was paying attention, knows that Safaricom will have a 'potentially market moving' announcement on Monday or Tuesday and the nature of said announcement.
@Obiero
MJ is why the title of this post reads '& friends'.
Nice shirt.