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STOCKS TO SELL by yaserbigchair
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Sufficiently Philanga....thropic
#201 Posted : Thursday, December 02, 2010 4:31:49 PM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
chemos wrote:
Guys whats your take on this.

Lets say if i have 10000 KPLC shares now and sell them at 25 bob now and then wait for january when rights shares start trading and use the cash to buy the shares then at lets say 20-21 bob effectively increasing the shares that i have to 11900.

is that a good idea albeit being risky?
Very risky. It is highly likely you will end up with at most 80% of your existing KPLC portfolio, not to mention that 4% will go to the brokers & co as commissions.
You may however be lucky if Kibaki and Raila decide to fight!
@SufficientlyP
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  | | Edit by moderator: Thursday, December 02, 2010 4:46 PM | Reason: quote
yaserbigchair
#202 Posted : Thursday, December 02, 2010 7:30:45 PM
Rank: Member

Joined: 7/19/2006
Posts: 118
Location: Mombasa
@Chemo... DO EXACTLY THAT!

Even though they managed to push the price to 24.25, I don't think they will manage to break through the 25/-

So sell at least at 24 tomorrow, don't be too greedy.

Then get in again when they all.
Sound that I love most: Is the ringing bell of Stock Market.
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Sober
#203 Posted : Thursday, December 02, 2010 7:35:34 PM
Rank: Elder

Joined: 11/27/2007
Posts: 3,604
yaserbigchair wrote:
@Sober
Ask your broker to genuinely tells you what he/she holds on KPLC for this December and what will happen when the rights starts trading i.e 24th January.

Then please Post his/her reply here.

THANKS.

Have you ever realised you better placed to do your research than rely on your broker? Unless he you are talking of the fund managers because theirs is more complicated.
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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Gatheuzi
#204 Posted : Friday, December 03, 2010 7:49:59 AM
Rank: Veteran

Joined: 8/16/2009
Posts: 994
Most of the debt owed to KPLC is by govt institutions and the City Councils. I just watched this clip on 9pm news on NTV where city council of Mombasa claims they are out of electricity yet they even claim that they are owed 300M by KPLC.they resulted to holding some vehicles and the poor KPLC workers.

Councils are just run by a bunch of idiots.
Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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Sober
#205 Posted : Friday, December 03, 2010 8:34:39 AM
Rank: Elder

Joined: 11/27/2007
Posts: 3,604
Gatheuzi wrote:
Most of the debt owed to KPLC is by govt institutions and the City Councils. I just watched this clip on 9pm news on NTV where city council of Mombasa claims they are out of electricity yet they even claim that they are owed 300M by KPLC.they resulted to holding some vehicles and the poor KPLC workers.

Councils are just run by a bunch of idiots.

I thought it was 24 million. Anyway it makes ño much difference because even banks have bad loans.
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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alikujia
#206 Posted : Friday, December 03, 2010 11:53:07 AM
Rank: Member

Joined: 5/27/2010
Posts: 324
Location: nrb
tricky. But i think the coumcil needs kplc more than the other way round. Ooh no... maybe no - because the council can ban them from its jurisdiction?
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Sober
#207 Posted : Friday, December 03, 2010 11:59:24 AM
Rank: Elder

Joined: 11/27/2007
Posts: 3,604
alikujia wrote:
tricky. But i think the coumcil needs kplc more than the other way round. Ooh no... maybe no - because the council can ban them from its jurisdiction?


Stop lying to yourself KPLC is a national distributor managed by proffesionals. The mombasa city council( or is it county) is run by a bunch of councillors with quetionable academic qualification.
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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Sufficiently Philanga....thropic
#208 Posted : Friday, December 03, 2010 1:09:05 PM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
alikujia wrote:
tricky. But i think the coumcil needs kplc more than the other way round. Ooh no... maybe no - because the council can ban them from its jurisdiction?

KPLC doent have to be in that county to survive!
IMHO, the county needs KPLC more, at least for now!
@SufficientlyP
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Sober
#209 Posted : Friday, December 03, 2010 1:12:47 PM
Rank: Elder

Joined: 11/27/2007
Posts: 3,604
There is some miscommcation here. According to the council, they were to be exempted from come connection fee. Money which they clain KPLC is now demanding.
The ten cars held have been released today.
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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mzeekijana
#210 Posted : Friday, December 03, 2010 2:12:57 PM
Rank: Member

Joined: 11/12/2010
Posts: 111
Location: MOMBASA
Sober wrote:
.... The mombasa city council( or is it county) is run by a bunch of councillors with quetionable academic qualification.


What u have just said is the TRUTH and NOTHING but the TRUTH....Kwanza starting with their mayor...Aaaaargh...just sickening council..
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