Investors need to do their due diligence. The media is not paid to be a financial advisor. You can't even sue them for such misinfo. Funny how the broker world also works like the media even though they're paid to give proper advice! Some broker samples for the year so far: -

1. Broker X says KCB is a sell due to right issue dilution. A few months later KCB is up.
2. Broker X upgrades MSC to a buy due to power co-generation and sugar rally. A few months later it's on a slide.
3. Broker X upgrades SCOM to a buy since it has withstood the competition. A few months later...
4. Broker X upgrades Equity to a buy on stellar growth. The price has since reached a glass ceiling...
5. But the best one was the referendum positive review. Just to be fair to the media and brokers/financial advisors, I too got this one wrong. I should have stuck with the volume indicator (diminishing) which called for a pause or correction and NSE has struggled to break 4700 for 3 months running.

In short, Mr. Market doesn't like crowded roads or the public domain since this makes it difficult for the bus to go uphill. I hope the lessons have been learned.

@hisah When KCB went ex rights it was trading at 22 and when it was cum rights and before that it was trading at close to 24 and this is also the period when the brokers issued the sell recommendation....

During the rights issue the share fell to 17.65 and has since risen to 22-23 level meaning if you bought KCB at the time of the SELL recommendation you are still probably at a loss or breaking even...

And if you checked closely enough you would have noticed KCB was upgraded to a buy (by the same brokers) when it was trading at 18-19 after the results of the rights issue


Brokers can be right some times

The market watch guy on nation on thursday has been putting mumias in his basket ever since the fy results.... They can predict based on the core principles and behaviour of stocks. But no one can always predict what will really happen and more importantly when it'll happen.

@Sparkly, please differentiate between inventory and assets. If you, a shareholder, does not own the company's assets, pray tell, who owns them? Answer this please. Who owns a company's assets?

And do not say, the company. Who owns the company? Why do you receive dividends?

Inakaa hakuna biashara leo? ama buyers have put a freeze on this one??