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Conmen Investment banks and stockbrokers
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lordmwesh
#1 Posted : Wednesday, August 24, 2011 4:37:06 PM
Rank: Member

Joined: 11/14/2006
Posts: 16
Are Trancentury, Britak, Eveready et al. carrots dangled to unsuspecting ignorant investors? Are the owners of such companies finding loopholes to dump their investments to the masses? Is the NSE used to clean dirty money obtained by corruption and looting?

Why do Investment banks and stock brokers give a "BUY" advice when they know the fundamentals of the company are poor or even dead like Eveready?
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kenyainvestor
#2 Posted : Wednesday, August 24, 2011 4:48:08 PM
Rank: Member

Joined: 7/12/2011
Posts: 194
lordmwesh wrote:
Why do Investment banks and stock brokers give a "BUY" advice when they know the fundamentals of the company are poor or even dead like Eveready?

lordmwesh, that is their job. They are paid to do that
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the deal
#3 Posted : Wednesday, August 24, 2011 4:57:30 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Its wrong to misled someone even if you are paid for it *integrity* comes first.
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Mainat
#4 Posted : Wednesday, August 24, 2011 5:12:22 PM
Rank: Veteran

Joined: 11/21/2006
Posts: 1,590
Always read the small print. It normally says CAVEAT EMPTOR. Another thang on the same small print... A fool and his money are soon parted.
Sehemu ndio nyumba
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MoG
#5 Posted : Wednesday, August 24, 2011 5:15:47 PM
Rank: New-farer

Joined: 4/19/2011
Posts: 49
Location: Nairobi
I suspect lack of competency in these guys. Otherwise, they need to do serious soul searching!
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Ali Baba
#6 Posted : Wednesday, August 24, 2011 5:41:51 PM
Rank: Member

Joined: 8/29/2008
Posts: 573
Warren Buffett and Ben Graham....in The Intelligent Investor....says...never ask a barber whether you need a haircut.If you do,the only answer you will get will be affirmative.To answer your question....they give a BUY advice because they make money when you buy/sell.And it matters less whether you sold at a profit or loss.
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Sober
#7 Posted : Wednesday, August 24, 2011 5:51:54 PM
Rank: Elder

Joined: 11/27/2007
Posts: 3,604
Did you know, that those stock brockers dont know if a share will rise in the next two weeks. If they knew then they would be buying the stocks and mking the money instead of giving you.
I do my own research and the broker onle excecutes the order
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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kenyainvestor
#8 Posted : Wednesday, August 24, 2011 6:30:16 PM
Rank: Member

Joined: 7/12/2011
Posts: 194
Sober wrote:
Did you know, that those stock brockers dont know if a share will rise in the next two weeks. If they knew then they would be buying the stocks and mking the money instead of giving you.
I do my own research and the broker onle excecutes the order

Seems people are investing in every listing hoping to pull a 'Kengen'. If you don't bother to at least go through the prospectus, the blame is squarely on you. The ultimate call is yours, not your broker's, whose primarily role is to execute, as Sober says
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Cde Monomotapa
#9 Posted : Wednesday, August 24, 2011 6:38:25 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Mainat wrote:
Always read the small print. It normally says CAVEAT EMPTOR. Another thang on the same small print... A fool and his money are soon parted.
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mlennyma
#10 Posted : Wednesday, August 24, 2011 6:53:11 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
The work of a sales person is to convince buyers,whether they benefit or not provided that what you are selling is genuine and existing.
"Don't let the fear of losing be greater than the excitement of winning."
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