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TransCentury Limited in HY15 loss of Ksh. 676Mn
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mlennyma
#71 Posted : Tuesday, January 19, 2016 8:53:44 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
hisah wrote:
@fyatu, are you still averaging down? Get out of dodge while you still can...

among the living dead firms,where did they take the borrowed money? delay in projects can kill a company
"Don't let the fear of losing be greater than the excitement of winning."
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  | | Edit by user: Tuesday, January 19, 2016 8:56 AM | Reason: Not specified
Fyatu
#72 Posted : Tuesday, January 19, 2016 10:25:32 AM
Rank: Veteran

Joined: 1/20/2011
Posts: 1,820
Location: Nakuru
hisah wrote:
@fyatu, are you still averaging down? Get out of dodge while you still can...


I have decided to do nothing....not buy nor sell. I boarded at kshs. 31 per share. The news that the CEO has bolted nearly sent me to meet my ancestors. I have been in this market since 2006. I have made mistakes, many mistakes. Half the time, the biggest mistake is selling at a loss.
Dumb money becomes dumb only when it listens to smart money
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sparkly
#73 Posted : Tuesday, January 19, 2016 11:43:01 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Fyatu wrote:
hisah wrote:
@fyatu, are you still averaging down? Get out of dodge while you still can...


I have decided to do nothing....not buy nor sell. I boarded at kshs. 31 per share. The news that the CEO has bolted nearly sent me to meet my ancestors. I have been in this market since 2006. I have made mistakes, many mistakes. Half the time, the biggest mistake is selling at a loss.


Better to sell. You might just recover some losses by putting the money in a more promising investment.
Life is short. Live passionately.
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lochaz-index
#74 Posted : Tuesday, January 19, 2016 12:05:20 PM
Rank: Veteran

Joined: 9/18/2014
Posts: 1,127
sparkly wrote:
Fyatu wrote:
hisah wrote:
@fyatu, are you still averaging down? Get out of dodge while you still can...


I have decided to do nothing....not buy nor sell. I boarded at kshs. 31 per share. The news that the CEO has bolted nearly sent me to meet my ancestors. I have been in this market since 2006. I have made mistakes, many mistakes. Half the time, the biggest mistake is selling at a loss.


Better to sell. You might just recover some losses by putting the money in a more promising investment.


It is going to be tough business staying in the market for the entirety of the bear run irrespective of which stock you hold. This share is looking like the ugliest of the ugly ducklings...cut your losses or this will turn out to be the biggest mistake of your investing career.
The main purpose of the stock market is to make fools of as many people as possible.
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muandiwambeu
#75 Posted : Tuesday, January 19, 2016 12:28:43 PM
Rank: Veteran

Joined: 8/28/2015
Posts: 1,247
Fyatu wrote:
hisah wrote:
@fyatu, are you still averaging down? Get out of dodge while you still can...


I have decided to do nothing....not buy nor sell. I boarded at kshs. 31 per share. The news that the CEO has bolted nearly sent me to meet my ancestors. I have been in this market since 2006. I have made mistakes, many mistakes. Half the time, the biggest mistake is selling at a loss.

Sad Sad . may i say that @nse landmines map is a hardy tool to come by now. how i wish i stopped tipp toeing in this drama and jump in with both legs and run. Think Think Pray Pray
,Behold, a sower went forth to sow;....
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hisah
#76 Posted : Tuesday, January 19, 2016 3:07:12 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Fyatu wrote:
hisah wrote:
@fyatu, are you still averaging down? Get out of dodge while you still can...


I have decided to do nothing....not buy nor sell. I boarded at kshs. 31 per share. The news that the CEO has bolted nearly sent me to meet my ancestors. I have been in this market since 2006. I have made mistakes, many mistakes. Half the time, the biggest mistake is selling at a loss.

TCL defaults on its eurobond reads a headline in March. Can you put up with that shockwave? If so, then all the best.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#77 Posted : Tuesday, January 19, 2016 4:16:03 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
NSE should have launched the derivatives so that there could be bets placed on the odds of TCL defaulting.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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MuchNo
#78 Posted : Tuesday, January 19, 2016 7:45:34 PM
Rank: Member

Joined: 4/3/2008
Posts: 48
Gachao Kiuna resigned last Thursday according to the press. Also, one of their Directors, Joe Karago, resigned the same day. What gives?

Here's a link to the BD article: http://goo.gl/H8NtTk
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MuchNo
#79 Posted : Tuesday, January 19, 2016 7:56:11 PM
Rank: Member

Joined: 4/3/2008
Posts: 48
[quote=MuchNo]Gachao Kiuna resigned last Thursday according to the press. Also, one of their Directors, Joe Karago, resigned the same day. What gives?

Here's a link to the BD article: http://goo.gl/H8NtTk[/quote]

Could there be a rescue package in the works that required the good doctor be absent? Anyone have any insight into what's up?
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VituVingiSana
#80 Posted : Tuesday, January 19, 2016 7:59:33 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,350
Location: Nairobi
hisah wrote:
NSE should have launched the derivatives so that there could be bets placed on the odds of TCL defaulting.

KQ, HAFR... Others who have or will default on loans.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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