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CMC not a favourite to foreign investors,banks are.
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jupiter
#1 Posted : Friday, July 03, 2009 8:31:00 AM
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Joined: 4/8/2009
Posts: 71
Just read carefully the market behaviour right now.

All that glitters is not gold
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jupiter
#2 Posted : Friday, July 03, 2009 8:41:00 AM
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Joined: 4/8/2009
Posts: 71
Most half year results expected to be unimpressive while at the same time foreign investors are coming in. How do we expect the market to behave in the next few weeks. I doubt if cmc will keep up with the chase. I think I need to dispose it at anything btwn 12.20 and 13.00 so that I my jump into those counters behaving more positively. Banks are obviously a foreign investor favourite. Please advice.

All that glitters is not gold
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Iborian
#3 Posted : Friday, July 03, 2009 9:02:00 AM
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Joined: 4/17/2009
Posts: 194
Looks like you have made up your mind so just act on it. The fear for many investors is that because of the recession,CMC is unlikely to make much money this year. Govt has also indicated that it wont be buying new cars over the next year. But our mkt is fickle - if the stock starts moving up for a few days,everyone will forget their misgivings and pile into the share. As a contrarian investor,I will be willing to take off the share from you at Kshs 12. But you can currently get about Kshs 12.80 on the open market. Take your pick.
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mukiha
#4 Posted : Friday, July 03, 2009 12:19:00 PM
Rank: Elder


Joined: 6/27/2008
Posts: 4,114
...but Uhuru Kenyatta's new official vehicle is a VW (a CMC brand).....will other government officers follow his example? Time will tell.

In the meantime,CMC closes its yea on 30th Sept.....so we are waiting for Q3 results later this month....

Behind the gardens...Behind the wall...Under the tree (Including: Red...Dark Blue...Yellow)
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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VituVingiSana
#5 Posted : Friday, July 03, 2009 8:46:00 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,097
Location: Nairobi
See his quote at the end of the comment. Buy a good company at a fair (or cheap) price NOT something that is a 'favourite' of someone else.


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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ktr
#6 Posted : Saturday, July 04, 2009 3:44:00 PM
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Joined: 5/6/2009
Posts: 30
Companies offering non-essential services e.g. Cmc will slug behind in this era of global recession hence the disposing and jumping into a co.that could yield higher returns is better.but if u know the recession will end soon,jupiter better hold.when the economy improves even cmc will be also the favourite.

...better bitter butter.
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gathinga
#7 Posted : Monday, July 06, 2009 4:23:00 AM
Rank: Veteran


Joined: 11/30/2006
Posts: 635
EABL also attracting some foreign attention

see link

http://www.gathinga.blogspot.com/
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