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Rotich removes caps on foreign ownership in local firms
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obiero
#21 Posted : Wednesday, July 01, 2015 8:24:08 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,217
Location: nairobi
100 BAT shares cost 71,400... Tafakari hayo wanawanjiku

KQ ABP 4.26
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S.Mutaga III
#22 Posted : Wednesday, July 01, 2015 8:37:30 PM
Rank: Member

Joined: 3/26/2012
Posts: 830
whiteowl wrote:
Don't know if it's a good idea but it definitely presents a great opportunity to mint cash.

This action will be of more benefit to foreigners and just a number of Kenyans...probably wazuans. Wanjiku will be milked dry due to increased number of investors with resources and knowledge. Most foreign investors are high net worth buyers and so you should expect stronger rallies...and as long as you are knowledgeable enough, this will be a dream come true.
A successful man is not he who gets the best, it is he who makes the best from what he gets.
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whiteowl
#23 Posted : Wednesday, July 01, 2015 8:48:25 PM
Rank: Veteran

Joined: 4/16/2014
Posts: 1,420
Location: Bohemian Grove
S.Mutaga III wrote:
whiteowl wrote:
Don't know if it's a good idea but it definitely presents a great opportunity to mint cash.

This action will be of more benefit to foreigners and just a number of Kenyans...probably wazuans. Wanjiku will be milked dry due to increased number of investors with resources and knowledge. Most foreign investors are high net worth buyers and so you should expect stronger rallies...and as long as you are knowledgeable enough, this will be a dream come true.

It's definitely a dream come true but let's also wait and see the companies exempt from this rule coz of " strategic importance" to the government.
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Afroblk
#24 Posted : Wednesday, July 01, 2015 10:00:01 PM
Rank: New-farer

Joined: 3/3/2010
Posts: 79
whiteowl wrote:
Don't know if it's a good idea but it definitely presents a great opportunity to mint cash.


This is a terrible idea but at the same time, those smart enough will mint cash. More than ever, the market will be more vulnerable to politics, security etc. Foreigners are quick to exit whenever they sense danger or there's uncertainty, whereas Kenyans will just be vigilant and take minimal action since we're on the ground and understand what's going on. My advise is to have a strategy and some cash reserves to buy when they dump!
Knowledge is contagious...Infect truth!
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VituVingiSana
#25 Posted : Thursday, July 02, 2015 12:06:26 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
enyands wrote:
Wakanyugi wrote:
enyands wrote:
whiteowl wrote:
majimaji wrote:
whiteowl wrote:
Don't know if it's a good idea but it definitely presents a great opportunity to mint cash.

by whom?

Since there are no limits, that means greater volatility during entry and exit of the foreign cash.If you are on the right side of that volatility you can profit immensely. On the flipside the worth of your stocks can be wiped out.



Two things
1 when the foreigners sell their shares or get bonus or dividends they will take the money to invest in their own mother countries instead of investing back here to create more opportunities for mwananchi

2 by disposing off shares in large quantities ( since they buy big big quantites )expect the price of shares to go down real quick because of supply demand thing .so that's very -ve .

3 by disposing large they will need to purchase lot's of dollars at once putting pressure on the supply demand thing on the dollar rate pushing the rate up like what's going on right now 1$ →100 ksh .
For govt they benefit for liquidity and availability of funds and that new tax thing rotich brought on budget but for us we will just be like a Pebble floating in an ocean. Tossed around since we have no power. It's a bad bad thing ...just saying


Those are actually three things (I know how to count).

The problems you cite are fairly short term IMHO. Over the long term increasing FDI is good for the Economy.

Over the short term Kenya has used up it its foreign borrowing limit. What else do you want Rotich to do?




There is mining going on in the country , it will be wrong to tell those big mining companies not to include local ownership .that's the same problem Nigeria is having now . They have a lot of oil but sometimes it breaks my heart to see that in some pump station there is no gas and people have to line ... reason being that the big SHELL COMPANIES ARE 98% OWNED BY FOREIGNERS the remaining 2% owned by abacha and babaginda kins. I don't think we need this in Kenya Shame on you

Nigerians are special. The "big SHELL COMPANIES ARE 98% OWNED BY FOREIGNERS" isn't true. They have refineries lying idle coz the importers are the connected folk.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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VituVingiSana
#26 Posted : Thursday, July 02, 2015 12:08:47 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
Mukiri wrote:
Aguytrying wrote:
Othelo wrote:
biddii wrote:
Which listed companies would these be? From what I can make out:

1. BAT
2. CFC Stanbic
3. Total
4. BOC Kenya
5. Bamburi?
6. EABL
7. Hizo ma Tea + coffee companies
8. Pan africa insurance

Please add any others I have missed.

Thanks



A sad day indeed. We'll be squatters sitting duck in our own country.

Mbut the least we can do s position ourselves to make a mbuck. Wherein above, lies the question?

Well, then do not sell your shares. Why are you selling off your shares then crying about being a sitting duck?
Tomorrow, go out and buy shares in all the firms above.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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VituVingiSana
#27 Posted : Thursday, July 02, 2015 12:10:30 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
MaichBlack wrote:
75% cap was a very good idea. Let Kenyans own 25% of the company even if it is by "force".

We cannot have 100% foreign owned company running the economy. Foreigners can always pack and go if it suits them. Kenyans not so much (of course a few do). For Kenyans it is more than money! That is why you can tell the pride in posts by Kenyans when they post about a company they own shares in. It is not just about dividends and Capital gains. When they discuss shares they own in other countries, you can tell the pride is not there. it is just about the bottom line.

1) Don't sell your shares.
2) Start your own firm.
3) Don't sell off your company.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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VituVingiSana
#28 Posted : Thursday, July 02, 2015 12:12:46 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
S.Mutaga III wrote:
whiteowl wrote:
Don't know if it's a good idea but it definitely presents a great opportunity to mint cash.

This action will be of more benefit to foreigners and just a number of Kenyans...probably wazuans. Wanjiku will be milked dry due to increased number of investors with resources and knowledge. Most foreign investors are high net worth buyers and so you should expect stronger rallies...and as long as you are knowledgeable enough, this will be a dream come true.
Then let those who can make money make money.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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enyands
#29 Posted : Thursday, July 02, 2015 12:54:12 AM
Rank: Elder

Joined: 12/25/2014
Posts: 2,301
Location: kenya
VituVingiSana wrote:
S.Mutaga III wrote:
whiteowl wrote:
Don't know if it's a good idea but it definitely presents a great opportunity to mint cash.

This action will be of more benefit to foreigners and just a number of Kenyans...probably wazuans. Wanjiku will be milked dry due to increased number of investors with resources and knowledge. Most foreign investors are high net worth buyers and so you should expect stronger rallies...and as long as you are knowledgeable enough, this will be a dream come true.
Then let those who can make money make money.



Wanjiku is an endangered species and she endangered by her own kind who has more superior survival habits. Milking dry is the new norm no matter the cost
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VituVingiSana
#30 Posted : Thursday, July 02, 2015 2:38:07 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
enyands wrote:
VituVingiSana wrote:
S.Mutaga III wrote:
whiteowl wrote:
Don't know if it's a good idea but it definitely presents a great opportunity to mint cash.

This action will be of more benefit to foreigners and just a number of Kenyans...probably wazuans. Wanjiku will be milked dry due to increased number of investors with resources and knowledge. Most foreign investors are high net worth buyers and so you should expect stronger rallies...and as long as you are knowledgeable enough, this will be a dream come true.
Then let those who can make money make money.



Wanjiku is an endangered species and she endangered by her own kind who has more superior survival habits. Milking dry is the new norm no matter the cost
Wanjiku is tough. She will evolve. Often, Wanjiku [Buy & Hold] will out-perform the traders.

At many AGMs e.g. BBK, SCBK ... I see 'Wanjiku' who are unpretentious yet they have shares held for 20 years. They are all millionaires.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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