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How to tell NSE has bottomed out
ChessMaster
#2461 Posted : Thursday, February 28, 2013 12:10:32 PM
Rank: Elder


Joined: 2/23/2009
Posts: 1,626
mnandii wrote:
hisah wrote:
Meanwhile USDKES has broken below 86/- as KES gains over $ to a high of 85.60/-

Wrong footed traders. Close those USDKES longs... Don't fight a desperate CB. CBK will smoke you out...

Broke Treasury


Hopefully they'll learn to economize and thats a good thing.
Uncertainty is certain.Let go
youcan'tstopusnow
#2462 Posted : Thursday, February 28, 2013 12:25:06 PM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Cde Monomotapa wrote:
youcan'tstopusnow wrote:
hisah wrote:
Feb 28th and a flood of results check in from the banking sector... The timing smile

We knew Feb was going to be a bumper month...

@ycsun The 'value trap' remember? smile May KCB crown it kisha tutinge worx. All the best...

Hapo sawa bro.
GOD BLESS YOUR LIFE
hisah
#2463 Posted : Thursday, February 28, 2013 12:27:10 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
mnandii wrote:
hisah wrote:
Meanwhile USDKES has broken below 86/- as KES gains over $ to a high of 85.60/-

Wrong footed traders. Close those USDKES longs... Don't fight a desperate CB. CBK will smoke you out...

Broke Treasury

Broke traders...



Back to Nov 2012 levels... The entire trend rally has been retraced. Herd mentality never wins in the market... Good lesson this.

I have a bad habit of going against the crowd. And so does Mr Market!

People should take time and learn the forex casino. It's not a walk in the park... It's a school of hard knocks... Befriend the casino owners.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
mlennyma
#2464 Posted : Thursday, February 28, 2013 12:46:28 PM
Rank: Elder


Joined: 7/21/2010
Posts: 6,194
Location: nairobi
So one counter like mumias can make you A*s bleed when the market is doing quite well,lesson is that in a plate of meat there are bones too.
"Don't let the fear of losing be greater than the excitement of winning."
S.Mutaga III
#2465 Posted : Thursday, February 28, 2013 1:14:33 PM
Rank: Member


Joined: 3/26/2012
Posts: 830
Mumias appeared cheap on almost all valuation metrics...and a very high dividend yield...once got tempted to make it half of my portfolio...but my lessons on the importance of diversification couldnt let me...its a quarter of my portfolio and exited at 4.55 today...i couldnt stomach large losses...had I not diversiified, I would quit stocks for good.
A successful man is not he who gets the best, it is he who makes the best from what he gets.
mlennyma
#2466 Posted : Thursday, February 28, 2013 1:28:12 PM
Rank: Elder


Joined: 7/21/2010
Posts: 6,194
Location: nairobi
And this is what i call madness,this market is rallying to where now?
"Don't let the fear of losing be greater than the excitement of winning."
ChessMaster
#2467 Posted : Thursday, February 28, 2013 1:48:23 PM
Rank: Elder


Joined: 2/23/2009
Posts: 1,626
mlennyma wrote:
And this is what i call madness,this market is rallying to where now?


I agree.Its just green.Hope the afternoon rush is just as interesting.
Uncertainty is certain.Let go
mlennyma
#2468 Posted : Thursday, February 28, 2013 1:51:00 PM
Rank: Elder


Joined: 7/21/2010
Posts: 6,194
Location: nairobi
After good elections...MONGOLIA AND THE BARRELS OF OIL
"Don't let the fear of losing be greater than the excitement of winning."
mibbz
#2469 Posted : Thursday, February 28, 2013 7:15:58 PM
Rank: Member


Joined: 2/18/2011
Posts: 448
Mumias issue was well known as far back as during the AGM and the CEO hinted.The writing was on the wall a long time ago,people should learn to research and make informed choices.
murchr
#2470 Posted : Thursday, February 28, 2013 8:04:37 PM
Rank: Elder


Joined: 2/26/2012
Posts: 15,980
So far no company has accomplised the 10 div yield that Wazuans love, or what am i missing? Am betting on Kenya RE this time
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
guru267
#2471 Posted : Thursday, February 28, 2013 8:33:00 PM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
murchr wrote:
So far no company has accomplised the 10 div yield that Wazuans love, or what am i missing? Am betting on Kenya RE this time


LMAO Kenya re is the worst stock to bet on for dividends!

I'm betting EPS to come in at 3.30 and DPS at around 0.5 - 0.75! Pray
Mark 12:29
Deuteronomy 4:16
dunkang
#2472 Posted : Thursday, February 28, 2013 8:35:58 PM
Rank: Elder


Joined: 6/2/2011
Posts: 4,818
Location: -1.2107, 36.8831
murchr wrote:
So far no company has accomplised the 10 div yield that Wazuans love, or what am i missing? Am betting on Kenya RE this time

Any dividend yield above 6 percent is highly acceptable if other fundamentals are favourable too.
Receive with simplicity everything that happens to you.” ― Rashi

murchr
#2473 Posted : Thursday, February 28, 2013 8:43:18 PM
Rank: Elder


Joined: 2/26/2012
Posts: 15,980
guru267 wrote:
murchr wrote:
So far no company has accomplised the 10 div yield that Wazuans love, or what am i missing? Am betting on Kenya RE this time


LMAO Kenya re is the worst stock to bet on for dividends!

I'm betting EPS to come in at 3.30 and DPS at around 0.5 - 0.75! Pray


0.6 is more like it, which gives a 5-6% div yield....kweli
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
ChessMaster
#2474 Posted : Friday, March 01, 2013 9:35:02 AM
Rank: Elder


Joined: 2/23/2009
Posts: 1,626
ChessMaster
#2475 Posted : Friday, March 01, 2013 10:32:10 AM
Rank: Elder


Joined: 2/23/2009
Posts: 1,626
Is it election jitters?Slow day.Lets see how it goes.
Uncertainty is certain.Let go
ChessMaster
#2476 Posted : Friday, March 01, 2013 2:31:08 PM
Rank: Elder


Joined: 2/23/2009
Posts: 1,626
Cables trying to establish a new base at 15 with demand resisting it. Supply side has already communicated their intentions although clearly not united.
Uncertainty is certain.Let go
youcan'tstopusnow
#2477 Posted : Friday, March 01, 2013 5:42:27 PM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
NSE was down 8 points from yesterday.

Week on week, turnover declined to Kes.3.2bn from Kes.3.5bn posted the previous week, the number of shares traded stood at 95M against a hefty tally of 180M the previous week.

The NSE 20 Share Index was up 0.73% during the week to stand at 4510.47 points.
All Share Index (NASI) was up 1.81% during the week to settle at 107.18 points.

FTSE NSE Kenya 15 Index was up 4.05 points during the week to stand at 141.01.
FTSE NSE Kenya 25 Index was up 3.76 points during the week to stand at 143.92.
GOD BLESS YOUR LIFE
hisah
#2478 Posted : Friday, March 01, 2013 6:23:23 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
In Dec NSE20 closed @4133. In Jan NSE closed @4416 and in Feb it closed @4518. Still the higher highs monthly pattern continues meaning the bulls are in charge. Also the overstretched technicals have now reset back to neutral as we get ready for the next move. The pattern is almost similar to Oct 2002 - Dec 2002.

Now we wait for the polls then Q1 results from banking sector to gauge 2013 momentum.

Post peaceful polls I see this NSE outcome (Sept 2002 - March 2003). "We're in Dec 2002".

Happy hunting smile

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
guru267
#2479 Posted : Friday, March 01, 2013 8:37:20 PM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
hisah wrote:
Now we wait Q1 results from banking sector to gauge 2013 momentum.


I expect lower results from majority of the banksters! Sad

but a peaceful election should definitely boost H1 numbers...
Mark 12:29
Deuteronomy 4:16
mwekez@ji
#2480 Posted : Friday, March 01, 2013 11:04:43 PM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
guru267 wrote:
hisah wrote:
Now we wait Q1 results from banking sector to gauge 2013 momentum.


I expect lower results from majority of the banksters! Sad

but a peaceful election should definitely boost H1 numbers...


Little on outlook .... especially Q1Sad

Perhaps unsurprisingly few of the banks’ management have expressed a strong view on the outlook for FY13E, especially with elections at our doorstep. From where we stand, we believe there is a consensual view that H1:13E is likely to be tame at best, against perhaps stronger push for asset growth in H2:13E beyond elections in an environment where we would expect a gradual pick-up in economic growth. cfc/sbg securities' banking sector report dd 01.03.2013
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