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kenol down!,Why?
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VituVingiSana
#11 Posted : Monday, April 06, 2009 4:42:00 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,383
Location: Nairobi
I think the seller was conned but I do not have Kes 45mn otherwise I would have bought them!!! It is a steal at 30/-.

Greedy when others are fearful,Very fearful when others are greedy - to paraphrase WB
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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luxel
#12 Posted : Wednesday, April 08, 2009 4:40:00 AM
Rank: Member

Joined: 7/17/2008
Posts: 152
CMA has decided to suspend the trading of this share until tommorow when then 10% rule will be lifted again to allow the price to correct itself.

@impunity. i hope you have learnt a lesson to spread your investment across various counters. From the way you behaved after kenol fell to kshs.30,i could tell you had a lot interest in this counter,mpaka you interupted martha karua's thread! next time you may not be so lucky.
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Mainat
#13 Posted : Wednesday, April 08, 2009 4:46:00 AM
Rank: Veteran

Joined: 11/21/2006
Posts: 1,590
What does CMA do during the day? It should have been able to make a judgement call by close of play on the day based on the fact that this was one of the few trades that went through then. And it looked like a circular trade. Just revising doesn't really help does it?

www.mjengakenya.blogspot.com
Sehemu ndio nyumba
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Impunity
#14 Posted : Wednesday, April 08, 2009 7:36:00 AM
Rank: Elder

Joined: 3/2/2009
Posts: 26,334
Location: Masada
@luxel

AM not yet recovered but av lost trust in that cartel called NSE....Anyway close to 40% of my portofolio are held there.......Imagine losing 15 Kes in a day when Billionaires like suffering con can hardly gain Kes. 0.05 in a week.!!!!!!!!!


Which is more dirty,the pig or Kenyan mp?
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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VituVingiSana
#15 Posted : Wednesday, April 08, 2009 9:50:00 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,383
Location: Nairobi
The CMA has suspended trades today & will allow trading (new auction) tomorrow.

Greedy when others are fearful,Very fearful when others are greedy - to paraphrase WB
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Evolve
#16 Posted : Thursday, April 09, 2009 7:29:00 AM
Rank: Member

Joined: 9/25/2007
Posts: 96
What happens if the price discovery does not succeed today? Does the reference price for 10% revert to Kshs 30?
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adept
#17 Posted : Thursday, April 09, 2009 7:35:00 AM
Rank: Member

Joined: 12/8/2008
Posts: 359
There is a guy selling 500 at 70/= per share. Surely! Expecting lightning to strike twice perhaps? Or is it sweet revenge smile
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VituVingiSana
#18 Posted : Thursday, April 09, 2009 1:46:00 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,383
Location: Nairobi
No trades on Kenol today. As for your question... according to the idiots at CMA... yes... it reverts to 30... they did that with eagaads... and eagaads is 'trading' (no trades just the reference price) is stuck at pre-bonus levels of 40 or so.

Greedy when others are fearful,Very fearful when others are greedy - to paraphrase WB
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Gordon Gekko
#19 Posted : Tuesday, April 14, 2009 8:46:00 AM
Rank: Elder

Joined: 5/27/2008
Posts: 3,760
First trading since announcement today. Gained 20%,so the 10% rule applies to the first TRADE after announcement,not first DAY after announcement?
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VituVingiSana
#20 Posted : Tuesday, April 14, 2009 10:05:00 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,383
Location: Nairobi
The 10% refers to the VWAP on the 1st trading day AFTER the announcement e.g. an announcement at 8am (on a trading day) means the reference price is set on that day. BUT an announcement at 5pm (on a trading day)... means the reference price is set at the end of trading on the 1st trading day AFTER the announcement.

Greedy when others are fearful,Very fearful when others are greedy - to paraphrase WB
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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