hisah wrote:Racing to the bottom with an all time low of 1.25. Below KES 1 trading the increments/decrements in cents will be crazy. E.g. from KES 1 down to 95cts is a decrease of 5% and vice versa. This will be a volatility ulcers central zone! A 10cts increment will not be possible if price sinks below 95cts and vice versa since it'll be breaking the 10% daily price ceiling/limit. This means only 5cts increment/decrement moves are permitted once price sinks below KES 1.
During a material announcement event (no daily price limit) with the price sub KES 1 the up or down price volatility will be sheer madness!
So will NSE let this thing trade sub KES 1 or will be delisted and replaced with Stanlib?
The share has no worth. It is useless.. Even current volumes show no one is interested at existing price! So who will buy at 95cents. As for me, unless its given for free.. Wont buy at any price. The bandia firm is unravelling
COOP 306,100 ABP 31.96, KEGN 112,100 ABP 10.64, MTNU 131,000 ABP 10.21