Fear set in at NSE,and people started bidding at 4bob ( lowest)! I managed to sell mine at 5bob,making a cool 1bob loss!

Anyway,fear not! Demand is slowly building........I guess 3bob or even 2bob is far too low! The share could settle at 4-5bob range! Well,that is my guess!

But you shall remember the LORD your God,for it is He who is giving you power to make wealth,that He may confirm His covenant which He swore to your fathers,as it is this day. Deu 8:18

being a culprit of the 2nd ipo @49 i have been able to average to 9.75

with 13800 shares would it be advisable to sell at current losses or HANG on with hope of better price.

jammo,eli,njunge et al please advice...thanks


anyone who lives within their means suffer from lack of imagination

@ njunge

yes i can wait till end of the year as long as the patience pays .my fear was i keep holding for so long yet the price may stagnate.

thanks


anyone who lives within their means suffer from lack of imagination

So if you decide to sell now,then you shall have half of you cash...........as in 9.75/2 = 4.8

That's the bid price people were placing today...............It went as high as 5.20bob,before dropping to 5bob.

In short,you'll get half of your cash back. Now,we are in this business to make money. Not to make losses! I would suggest that you wait.......................Sample this:

While I was at the market today,I overhead a lady speak thus: ' I swear,I will never take in a loss. I once took in a loss when Equity was 312bob,and it went to 170bob and she sold the shares and make a cool loss. Her 0.5M was reduced considerably! She has since learnt to wait,even if its 5 years. This time round,she owns mumias shares which she bought at 12bob,and now the dem share is 5bob. Her verdict: She will wait.'

Selling shares at a loss is giving away 'free' money to someone else! Someone who is ready to wait and make a profit from the same shares! So at that instance you are making a loss and he is making a profit (by buying from you). My verdict: wait,unless there is no otherwise,sell the dem thing: Take in the loss!


But you shall remember the LORD your God,for it is He who is giving you power to make wealth,that He may confirm His covenant which He swore to your fathers,as it is this day. Deu 8:18

I bought this company at 60 in 2007 and was lucky to get off at 30. Truth is after analyzing the company I knew it should have been worth about 6kshs but I was blinded by the market sentiment at that time.
Time is the friend of the good company but the enemy of the bad company.
The main problem with this company seems to be ownership - if it was more privately owned they would be less likely to make as many blunders and for politicians to take advantage of the company.
However at some point it's bound to get very cheap but buying a bad company may eventually lead to losses.