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How to tell NSE has bottomed out
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Metasploit
#4171 Posted : Tuesday, October 15, 2013 11:03:17 PM
Rank: Veteran

Joined: 3/26/2012
Posts: 985
Location: Dar es salaam,Tanzania
Posts disappear when Markets correct.

That aside,CFC touched a low of 75 (13% from last trading high of 85),Eabl closed at 316(9% from last trading high of 345,and potential of touching a low of 305),KCB touched a low of 47 (6.3% from all time high of 50),Safcom(very bullish) might retouch 9.05 due to build in supply at 9.10.Correction looming on Britam.

US debt ceiling (??will they really default????) and the ICC Nov 12 cases(most likely a defferal ??????)

“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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Aguytrying
#4172 Posted : Wednesday, October 16, 2013 8:39:41 AM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
chase over valued counters at your own risk.
my buy list contains tpse 45.00, kk below 9.00, and I&M bank at 95.00 and or below.

@hisah. something happened to I&M bank. recently as regards volumes very high volumes plus price rally from 85-100. then price stagnated.
The investor's chief problem - and even his worst enemy - is likely to be himself
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hisah
#4173 Posted : Wednesday, October 16, 2013 10:54:19 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Aguytrying wrote:
chase over valued counters at your own risk.
my buy list contains tpse 45.00, kk below 9.00, and I&M bank at 95.00 and or below.

@hisah. something happened to I&M bank. recently as regards volumes very high volumes plus price rally from 85-100. then price stagnated.

I&M is still very new to make any solid conclusions for now. Also being illiquid it doesn't attract my attention.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#4174 Posted : Wednesday, October 16, 2013 11:00:38 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Metasploit wrote:
Posts disappear when Markets correct.

That aside,CFC touched a low of 75 (13% from last trading high of 85),Eabl closed at 316(9% from last trading high of 345,and potential of touching a low of 305),KCB touched a low of 47 (6.3% from all time high of 50),Safcom(very bullish) might retouch 9.05 due to build in supply at 9.10.Correction looming on Britam.

US debt ceiling (??will they really default????) and the ICC Nov 12 cases(most likely a defferal ??????)

Worst case scenario is if the USD rate spikes. The effect will be a global selloff.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Aguytrying
#4175 Posted : Wednesday, October 16, 2013 11:56:26 AM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
hisah wrote:
Aguytrying wrote:
chase over valued counters at your own risk.
my buy list contains tpse 45.00, kk below 9.00, and I&M bank at 95.00 and or below.

@hisah. something happened to I&M bank. recently as regards volumes very high volumes plus price rally from 85-100. then price stagnated.

I&M is still very new to make any solid conclusions for now. Also being illiquid it doesn't attract my attention.


Je vois monsieur Hisah, Je vois.
The investor's chief problem - and even his worst enemy - is likely to be himself
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hisah
#4176 Posted : Wednesday, October 16, 2013 12:03:37 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Interesting bull vs bear fight. This congestion has to be resolved and soon to determine the dorminant trend.



UPDATE: Ascending triangle. Some reading here - http://www.investopedia..../a/ascendingtriangle.asp
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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  | | Edit by user: Wednesday, October 16, 2013 12:17 PM | Reason: Not specified
murchr
#4177 Posted : Wednesday, October 16, 2013 2:18:56 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
Where is @guru267? She must be holding her breath over HAFR. @hisah thanks for the education
"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
.
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VituVingiSana
#4178 Posted : Wednesday, October 16, 2013 4:33:12 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
hisah wrote:
Aguytrying wrote:
chase over valued counters at your own risk.
my buy list contains tpse 45.00, kk below 9.00, and I&M bank at 95.00 and or below.

@hisah. something happened to I&M bank. recently as regards volumes very high volumes plus price rally from 85-100. then price stagnated.

I&M is still very new to make any solid conclusions for now. Also being illiquid it doesn't attract my attention.
Supply not demand is the 'problem' & that's a good problem to have for sellers. That said,

1) The buyers are probably more sophisticated after all it takes 1,000,000/- to buy 1,000 shares hence the share is less prone to 'retail' investor euphoria. The buyers would do their research.
2) "Newish" in the market as pointed out above. It needs the release of good 3Q & 4Q numbers to gain the interest of the larger investing community. DTB is known despite being of similar size & with a much higher price of 180-ish & a few Rights Issues as well as many more branches.
3) It needs a split (5 for 1) to the 20-ish level for increased activity/liquidity. This refers to number of shares traded not necessarily the value. The shareholder list is small & fewer than 1,000 at the moment with the top 100 owning 90% or more of the shares.
4) Marketing of the shares? The directors of I&M are out not out there making speeches/statements. It is a smallish bank in terms of branches unlike DTB.
5) Pricing/value. It is neither a cheap nor pricey bank. It may be in the lower range of PER by my calculations. I estimate the EPS to be 13-14 which is a PER of 7.5-ish
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Pesa Nane
#4179 Posted : Wednesday, October 16, 2013 5:26:08 PM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
VituVingiSana wrote:
hisah wrote:
Aguytrying wrote:
chase over valued counters at your own risk.
my buy list contains tpse 45.00, kk below 9.00, and I&M bank at 95.00 and or below.

@hisah. something happened to I&M bank. recently as regards volumes very high volumes plus price rally from 85-100. then price stagnated.

I&M is still very new to make any solid conclusions for now. Also being illiquid it doesn't attract my attention.
Supply not demand is the 'problem' & that's a good problem to have for sellers. That said,

1) The buyers are probably more sophisticated after all it takes 1,000,000/- to buy 1,000 shares hence the share is less prone to 'retail' investor euphoria. The buyers would do their research.
2) "Newish" in the market as pointed out above. It needs the release of good 3Q & 4Q numbers to gain the interest of the larger investing community. DTB is known despite being of similar size & with a much higher price of 180-ish & a few Rights Issues as well as many more branches.
3) It needs a split (5 for 1) to the 20-ish level for increased activity/liquidity. This refers to number of shares traded not necessarily the value. The shareholder list is small & fewer than 1,000 at the moment with the top 100 owning 90% or more of the shares.
4) Marketing of the shares? The directors of I&M are out not out there making speeches/statements. It is a smallish bank in terms of branches unlike DTB.
5) Pricing/value. It is neither a cheap nor pricey bank. It may be in the lower range of PER by my calculations. I estimate the EPS to be 13-14 which is a PER of 7.5-ish

@VVS, Computer Error!!
Pesa Nane plans to be shilingi when he grows up.
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Pesa Nane
#4180 Posted : Wednesday, October 16, 2013 5:43:03 PM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
VituVingiSana wrote:
hisah wrote:
Aguytrying wrote:
chase over valued counters at your own risk.
my buy list contains tpse 45.00, kk below 9.00, and I&M bank at 95.00 and or below.

@hisah. something happened to I&M bank. recently as regards volumes very high volumes plus price rally from 85-100. then price stagnated.

I&M is still very new to make any solid conclusions for now. Also being illiquid it doesn't attract my attention.
Supply not demand is the 'problem' & that's a good problem to have for sellers. That said,

1) The buyers are probably more sophisticated after all it takes 1,000,000/- to buy 1,000 shares hence the share is less prone to 'retail' investor euphoria. The buyers would do their research.
2) "Newish" in the market as pointed out above. It needs the release of good 3Q & 4Q numbers to gain the interest of the larger investing community. DTB is known despite being of similar size & with a much higher price of 180-ish & a few Rights Issues as well as many more branches.
3) It needs a split (5 for 1) to the 20-ish level for increased activity/liquidity. This refers to number of shares traded not necessarily the value. The shareholder list is small & fewer than 1,000 at the moment with the top 100 owning 90% or more of the shares.
4) Marketing of the shares? The directors of I&M are out not out there making speeches/statements. It is a smallish bank in terms of branches unlike DTB.
5) Pricing/value. It is neither a cheap nor pricey bank. It may be in the lower range of PER by my calculations. I estimate the EPS to be 13-14 which is a PER of 7.5-ish

Biashara Securities limited, which owned 13.92% of I&M Holdings, was wound up and the shares transferred to the individual BSL shareholders bringing the total number of I&M shareholders to approx. 1,800. Highest shareholder, Ziyungi Ltd, owns 18.74% (BD, 10/10/13)

I&M Factsheet (Circular)
Pesa Nane plans to be shilingi when he grows up.
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  | | Edit by user: Wednesday, October 16, 2013 6:03 PM | Reason: Not specified
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