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Why the Hell is EA Cables not responding to NSE index rise?
Rank: Member Joined: 8/15/2008 Posts: 26 Location: Kampala
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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E.A Cables is being eaten alive by cheap imports. But its not the only laggard at the NSE. Others which have never rallied include Kenya RE and Access Kenya. KCB is just picking up. GOD BLESS YOUR LIFE
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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The Tanzanian branch is what has contributed to the dismal performance of the stock. I have noticed thin volumes on most of the days. I have a feeling until the full results are announced, not many people are willing to take a position in this security
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Rank: Member Joined: 8/17/2010 Posts: 116
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Not in near future. FY 2009 turnover declined 28% to 2.8 billion from 3.9 billion reported in 2008.E A Cables issued FY 2010 profit warning. Firm posted a 51% drop in Q1 pretax profit. Tanzania unit hurt by bad debt.
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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That copper business is complex Life is short. Live passionately.
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Rank: Veteran Joined: 7/24/2008 Posts: 781
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save yourself dude...get out while you still can. The utimate goal of investing is to buy low sell high;if we re-write this core equation in psychology terms it becomes buy fear sell greed.
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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I sometimes wonder How someone even buys such a counter.... Mark 12:29
Deuteronomy 4:16
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Rank: Veteran Joined: 8/11/2010 Posts: 1,011 Location: nairobi
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guru267 wrote:I sometimes wonder How someone even buys such a counter.... so you want the fellows who bought during their ipo to remain with it- die with.case of being forced to remain with wet monkey on you laps
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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guru267 wrote:I sometimes wonder How someone even buys such a counter.... They had embarked on an ambitious regional expansion. There was no knowing everything was going to go wrong GOD BLESS YOUR LIFE
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Every company has its bad day. Question is if cables will wriggle itself out of the rut it is in presently. Management see confident from their regular dividend policy. If you don't want to lose your money, get out and come back when their profits stabilise and price bottoms out. Life is short. Live passionately.
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Why the Hell is EA Cables not responding to NSE index rise?
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