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CFC Stanbic - where will it stop?
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mukiha
#1 Posted : Friday, November 14, 2008 10:00:00 AM
Rank: Elder


Joined: 6/27/2008
Posts: 4,114
In the recent dip,this stock dropped to 50. Then supply dried out. I tried to get some but couldn't. Eventually took some at 75 earlier in the week. Add to that some earlier purchases and my average buy price is now 95.

The stock is still rather bullish touching 84 on opening bell. Demand still outstrips supply 2:1......and the ride continues....
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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mukiha
#2 Posted : Friday, November 14, 2008 10:17:00 AM
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Joined: 6/27/2008
Posts: 4,114
.....I mean,it has gained 60% in the last 20 days!!!!!!!!!!!!!!!......the ride continues...but where will it stop?

@Tutu - the 'New kid on the block' - do you want to take a ride on this one? But remember PRICES CAN GO DOWN AS WELL AS UP!!!


If I get time I will tell another story of this stock from my archives.....
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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mukiha
#3 Posted : Monday, November 17, 2008 10:40:00 AM
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Joined: 6/27/2008
Posts: 4,114
Small deal done today @sh83...and there is a guy asking for sh88...supply is now slightly higher than demand...but the ride continues...

Many years ago when it was still known as Credit Finance Corporation,I picked a small lot at 135. A few months later,they declared a 22 for3 bonus in readiness to convert to full commercial bank - CFC Bank. Share shot up to 950 the following day after announcement... then gradually came down and I sold out at 650. Price finally settled between 275 and 300 ... that was a sweet ride... is this a repeat?
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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Gordon Gekko
#4 Posted : Monday, November 17, 2008 10:49:00 AM
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Joined: 5/27/2008
Posts: 3,760
@mukiha,with the passion with which you are selling this thing,I wonder.....are you the guy on the bus waving as it speeds away or the manamba hitting the side urging us to get on?
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mukiha
#5 Posted : Friday, November 21, 2008 5:20:00 AM
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Joined: 6/27/2008
Posts: 4,114
@Gekko; I'm neither. I'm the guy you see seated quietly waiting for it to reach cruising speed.... boarded at 115 and 75; my weighted mean is 95; Seems like it will settle in mid-80s...I'll pick some more....
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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jammo
#6 Posted : Monday, November 24, 2008 7:37:00 AM
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Joined: 2/12/2008
Posts: 345
Down two days in a row. Opportunity to board albeit 3weeks late is here.

' I have heard of You,o Lord. Now mine eyes have seen thee!! Baal-Perazim.. The Lord of the Breakthrough!!'
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mukiha
#7 Posted : Monday, November 24, 2008 9:30:00 AM
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Joined: 6/27/2008
Posts: 4,114
Q3 Results... does anyone know?
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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Tutu
#8 Posted : Monday, November 24, 2008 9:38:00 AM
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Joined: 11/12/2008
Posts: 74
@ Mukiha

I will join you,pata potea au sio?


For me to live is Jesus Christ,to die is gain
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mukiha
#9 Posted : Wednesday, November 26, 2008 9:52:00 AM
Rank: Elder


Joined: 6/27/2008
Posts: 4,114
Is it going further down below 75?....I'm trying to get some more at 70...If I succeed,that will bring down my average to 86

... and where are the Q3 results? Has anyone seen them?
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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mukiha
#10 Posted : Thursday, November 27, 2008 5:58:00 AM
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Joined: 6/27/2008
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will my bid of 70 be taken today? Fingers crossed...
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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jammo
#11 Posted : Thursday, November 27, 2008 7:26:00 AM
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Joined: 2/12/2008
Posts: 345
@mukiha..... Counter is basing out..only 500traded yesterday means it needs very few trades to determin price direction. Ur offer of 70 weighs down the odds..especially if supply surpasses demand. So..if its down today..ur offer myt just be the cause. Cycle's turnin. Think coop listin too..u don't need to buy daily..space out..effect will reduce.

' I have heard of You,o Lord. Now mine eyes have seen thee!! Baal-Perazim.. The Lord of the Breakthrough!!'
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jammo
#12 Posted : Thursday, November 27, 2008 7:29:00 AM
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Drat! Spoke too soon. Be careful my friend.

' I have heard of You,o Lord. Now mine eyes have seen thee!! Baal-Perazim.. The Lord of the Breakthrough!!'
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Kiz
#13 Posted : Thursday, November 27, 2008 7:49:00 AM
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Joined: 5/6/2008
Posts: 13
As per results earnings per share end sept is 6.02 and thats for the bank alone without considering subs i.e. insurance and stock broking. Combined ad annualised may be above sh. 10. Assume 6 sh Dividend,this share should be averaging 100 at the current pricess.

Kim
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mukiha
#14 Posted : Tuesday, December 30, 2008 9:14:00 AM
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Joined: 6/27/2008
Posts: 4,114
Today's demand so far is 7,100 Vs supply of 7,500.

Just placed another purchase order at 60. This will bring my average to-date to 80...down from 115!

Is this time to stop further purchases and wait for year-end results in March?
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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jerry
#15 Posted : Tuesday, December 30, 2008 1:46:00 PM
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Joined: 9/29/2006
Posts: 2,570
Has been on my watch list and I think its time to board.

Ecs 11.2 Give portions to seven,yes to eight,for you do not know what disaster may come upon the land.
The opposite of courage is not cowardice, it's conformity.
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xxxxx
#16 Posted : Tuesday, December 30, 2008 10:17:00 PM
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Joined: 3/20/2008
Posts: 503
I'm still waiting for it to start then I'll board

beware the irrational exuberance on the NSE
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mukiha
#17 Posted : Thursday, May 07, 2009 9:48:00 AM
Rank: Elder


Joined: 6/27/2008
Posts: 4,114
Still holding out,but accumulation rate reduced significantly.

Anyone wants to join me?
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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