Wazua
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Uchumi resume trading 31st may
Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Rank: New-farer Joined: 4/29/2011 Posts: 21 Location: kenya
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if am not wrong cma clearly indicated that existing shareholders cnot sel a share for a period of one year to ensure stability of stock price one can go to google to verify
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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BAHALI YAKE wrote:if am not wrong cma clearly indicated that existing shareholders cnot sel a share for a period of one year to ensure stability of stock price one can go to google to verify That applies to Key shareholders only i.e top 10 shareholders.
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Rank: New-farer Joined: 1/8/2011 Posts: 48 Location: muranga
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Where will I start with this one.....surely let the market decide for me...
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Rank: Member Joined: 1/1/2010 Posts: 518 Location: kandara, Murang'a
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BAHALI YAKE wrote:if am not wrong cma clearly indicated that existing shareholders cnot sel a share for a period of one year to ensure stability of stock price one can go to google to verify What would it mean then its back trading if shareholders can't sell? Its just the Major ones Foresight..
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Rank: Elder Joined: 6/27/2008 Posts: 4,114
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Don't forget; after 5yrs outside, 10% rule will not hold. So there is bound to be large fluctuations on day one. Best to wait it out and make your move on day two. Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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mukiha wrote:Don't forget; after 5yrs outside, 10% rule will not hold. So there is bound to be large fluctuations on day one. Best to wait it out and make your move on day two. By then opportunity might be gone. GOD BLESS YOUR LIFE
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Rank: Elder Joined: 3/2/2009 Posts: 26,331 Location: Masada
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@gatoho I too thought so,no reason for resuming trade if what @Bahali says was true. Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi
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My survey puts uchumi among the most expensive supermarkets to shop in,uchumi is not stable and still needs a partner and competition without huge capital will be a test...my best offer 2bob "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Member Joined: 5/8/2008 Posts: 77
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I sincerely dont see it settling under 15shs. I would also pick up any shares under 10bob, on the 1st day.
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Uchumi resume trading 31st may
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