innairobi wrote:And if anyone here has invested all their life savings in Equity Bank, they need to stop smoking such powerful weed.
moneydust wrote: However bullish JM might be on equity shares...it would be financial stupidity to put all his eggs in one basket especially after making such returns..and am very sure equity represents the biggest chunk of his wealth.
Exactly. These guys - JM, Jimnah, Munga etc. have invested in different sectors of our economy and every now and then they will need to raise cash. For all we know, JM would be planning to do an 'equity' in a different sector and him and his golf buddies have decided to each raise a ka-loose billion each to fund the project.
The reasoning by some people here is funny to say the least. A good number of wazuans are business owners. Do they invest in the NSE [read
other businesses]? Of course they do! Does that mean they've lost faith in their own businesses? Of course not! Many of us have sold part of our portfolio - even when the price is not right - because we have come across a red hot deal which we cannot let pass by.
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.