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STOCKS TO SELL by yaserbigchair
VituVingiSana
#661 Posted : Thursday, August 25, 2016 10:34:20 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,038
Location: Nairobi
obiero wrote:
mnandii wrote:
mkate_nusu wrote:
More to join. Exercise Caution!!!

mkate_nusu wrote:
To be added to the list.

obiero wrote:

stocks to avoid 11.08.16: atlas, barclays, britam, cables, carbacid, cfcstanbic, cic, eabl, eapc, eveready, express, home afrika, hfck, kurwitu, kq, marshalls, mumias, nbk, olympia, sameer, stanchart, tpsea,transcentury, uchumi, umeme



arm, scangroup, ftgh, nic, coop, cargeneral, orchards, nbv, nse, deacons


Avoid ALL stocks!

KenyaRe especially

Agreed! I want it to fall to 10/- coz @VVS is waiting in the wings!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
obiero
#662 Posted : Friday, August 26, 2016 6:45:26 AM
Rank: Elder


Joined: 6/23/2009
Posts: 13,463
Location: nairobi
VituVingiSana wrote:
obiero wrote:
mnandii wrote:
mkate_nusu wrote:
More to join. Exercise Caution!!!

mkate_nusu wrote:
To be added to the list.

obiero wrote:

stocks to avoid 11.08.16: atlas, barclays, britam, cables, carbacid, cfcstanbic, cic, eabl, eapc, eveready, express, home afrika, hfck, kurwitu, kq, marshalls, mumias, nbk, olympia, sameer, stanchart, tpsea,transcentury, uchumi, umeme



arm, scangroup, ftgh, nic, coop, cargeneral, orchards, nbv, nse, deacons


Avoid ALL stocks!

KenyaRe especially

Agreed! I want it to fall to 10/- coz @VVS is waiting in the wings!

Kenya Re as significant holder of listed bank stock shall take a knock of ages

HF 428,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
guru267
#663 Posted : Friday, August 26, 2016 8:25:21 AM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
obiero wrote:
VituVingiSana wrote:
obiero wrote:
mnandii wrote:
mkate_nusu wrote:
More to join. Exercise Caution!!!

mkate_nusu wrote:
To be added to the list.

obiero wrote:

stocks to avoid 11.08.16: atlas, barclays, britam, cables, carbacid, cfcstanbic, cic, eabl, eapc, eveready, express, home afrika, hfck, kurwitu, kq, marshalls, mumias, nbk, olympia, sameer, stanchart, tpsea,transcentury, uchumi, umeme



arm, scangroup, ftgh, nic, coop, cargeneral, orchards, nbv, nse, deacons


Avoid ALL stocks!

KenyaRe especially

Agreed! I want it to fall to 10/- coz @VVS is waiting in the wings!

Kenya Re as significant holder of listed bank stock shall take a knock of ages


The best thing is that unlike other insurers, they do not pass paper NSE gains or losses through the P&L.
Mark 12:29
Deuteronomy 4:16
VituVingiSana
#664 Posted : Friday, August 26, 2016 10:02:56 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,038
Location: Nairobi
obiero wrote:
VituVingiSana wrote:
obiero wrote:
mnandii wrote:
mkate_nusu wrote:
More to join. Exercise Caution!!!

mkate_nusu wrote:
To be added to the list.

obiero wrote:

stocks to avoid 11.08.16: atlas, barclays, britam, cables, carbacid, cfcstanbic, cic, eabl, eapc, eveready, express, home afrika, hfck, kurwitu, kq, marshalls, mumias, nbk, olympia, sameer, stanchart, tpsea,transcentury, uchumi, umeme



arm, scangroup, ftgh, nic, coop, cargeneral, orchards, nbv, nse, deacons


Avoid ALL stocks!

KenyaRe especially

Agreed! I want it to fall to 10/- coz @VVS is waiting in the wings!

Kenya Re as significant holder of listed bank stock shall take a knock of ages
I wish more folks thought like @Obiero ... I would love to pick up more during the "downturn" smile smile smile
@Obiero - Make them sell KenRe!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
obiero
#665 Posted : Friday, August 26, 2016 10:38:08 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,463
Location: nairobi
guru267 wrote:
obiero wrote:
VituVingiSana wrote:
obiero wrote:
mnandii wrote:
mkate_nusu wrote:
More to join. Exercise Caution!!!

mkate_nusu wrote:
To be added to the list.

obiero wrote:

stocks to avoid 11.08.16: atlas, barclays, britam, cables, carbacid, cfcstanbic, cic, eabl, eapc, eveready, express, home afrika, hfck, kurwitu, kq, marshalls, mumias, nbk, olympia, sameer, stanchart, tpsea,transcentury, uchumi, umeme



arm, scangroup, ftgh, nic, coop, cargeneral, orchards, nbv, nse, deacons


Avoid ALL stocks!

KenyaRe especially

Agreed! I want it to fall to 10/- coz @VVS is waiting in the wings!

Kenya Re as significant holder of listed bank stock shall take a knock of ages


The best thing is that unlike other insurers, they do not pass paper NSE gains or losses through the P&L.

True.. But why invest in listed stocks and not disclose the indicative performance

HF 428,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
Ericsson
#666 Posted : Saturday, August 27, 2016 6:56:53 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,626
Location: NAIROBI
@Obiero
kenya Re doesn't have a significant holding in banks that's why it has being resilient.
It's investment in quoted equities is less than 10% of its assets base.
Government securities, deposits in banks, properties and investment in private equity like Zep Re, Uganda Re takes the bulk of its investment.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Realtreaty
#667 Posted : Saturday, August 27, 2016 6:54:07 PM
Rank: Elder


Joined: 8/16/2011
Posts: 2,260
Now its not time to sell, its time to CRY and Buy!!!!
Sickamp; Brick wall
obiero
#668 Posted : Saturday, August 27, 2016 7:15:29 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,463
Location: nairobi
Ericsson wrote:
@Obiero
kenya Re doesn't have a significant holding in banks that's why it has being resilient.
It's investment in quoted equities is less than 10% of its assets base.
Government securities, deposits in banks, properties and investment in private equity like Zep Re, Uganda Re takes the bulk of its investment.

How many KCB shares does KenyaRe hold

HF 428,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
Ericsson
#669 Posted : Sunday, August 28, 2016 2:16:32 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,626
Location: NAIROBI
@Obiero
Roughly around 20mn shares
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
obiero
#670 Posted : Sunday, August 28, 2016 8:13:16 AM
Rank: Elder


Joined: 6/23/2009
Posts: 13,463
Location: nairobi
Ericsson wrote:
@Obiero
Roughly around 20mn shares

That's about half a billion at current price..

HF 428,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
VituVingiSana
#671 Posted : Sunday, August 28, 2016 9:43:38 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,038
Location: Nairobi
That has wiped off about KES 0.50 off the NAV/share of KenRe. With an existing NAV/share of KenRe of 30-ish... Can KenRe bear the loss of KES 0.50?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
VituVingiSana
#672 Posted : Sunday, August 28, 2016 9:47:10 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,038
Location: Nairobi
I am a Warren Buffett fan. And love moments like these when (misplaced) fear runs rampant.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
obiero
#673 Posted : Sunday, August 28, 2016 9:52:24 AM
Rank: Elder


Joined: 6/23/2009
Posts: 13,463
Location: nairobi
VituVingiSana wrote:
That has wiped off about KES 0.50 off the NAV/share of KenRe. With an existing NAV/share of KenRe of 30-ish... Can KenRe bear the loss of KES 0.50?

Let us discuss more end of week..

HF 428,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
Spikes
#674 Posted : Monday, August 29, 2016 5:31:43 AM
Rank: Elder


Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
http://www.businessdaily...4864-12qjdj8/index.html


Smart guys left long time ago. They never allowed their stake's fate to chance. PE Helios exited at a 10% premium when Equity was rallying around kes 50/- is like they had prior information. Of course they must have read Jubilee manifesto keenly and made a decision based on facts. Those who bought their stake e.g NSSF were just sentimental. Some of the fund managers and CEOs from government institutions are simple mediocre political appointees. Bleeding continues in a few hours from now.

PE Helios went home with more than 300% capital gain!!!
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
Ericsson
#675 Posted : Monday, August 29, 2016 7:34:07 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,626
Location: NAIROBI
@Spikes
NSSF kenya also sold out their stake in equity bank.
They didn't hold it for long.NSSF Uganda are the ones still holding their stake
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
VituVingiSana
#676 Posted : Monday, August 29, 2016 8:09:25 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,038
Location: Nairobi
Spikes wrote:
http://www.businessdailyafrica.com/PE-Helios-rakes-in-Sh52bn-from-Equity-stake-sale/539552-2874864-12qjdj8/index.html


Smart guys left long time ago. They never allowed their stake's fate to chance. PE Helios exited at a 10% premium when Equity was rallying around kes 50/- is like they had prior information. Of course they must have read Jubilee manifesto keenly and made a decision based on facts. Those who bought their stake e.g NSSF were just sentimental. Some of the fund managers and CEOs from government institutions are simple mediocre political appointees. Bleeding continues in a few hours from now.

PE Helios went home with more than 300% capital gain!!!

NSSF managers do not really care. They are not investing their money!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#677 Posted : Monday, August 29, 2016 9:18:05 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,626
Location: NAIROBI
@VVS
I was just clarifying to spikes that NSSF no longer have a stake in equity not whether NSSF managers really care
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
researchfirst
#678 Posted : Monday, August 29, 2016 10:29:40 AM
Rank: Member


Joined: 2/24/2015
Posts: 154
Location: Nairobi
VituVingiSana wrote:
I am a Warren Buffett fan. And love moments like these when (misplaced) fear runs rampant.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett


Amen, brother! I just wish I had more cash!!! The killing that some will make from this time is astounding.
streetwise
#679 Posted : Monday, August 29, 2016 10:36:21 AM
Rank: Veteran


Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
And why is BBK gaining when all other banks are crashing dowards
lochaes
#680 Posted : Monday, August 29, 2016 10:43:43 AM
Rank: New-farer


Joined: 6/30/2014
Posts: 86
Location: nairobi
streetwise wrote:
And why is BBK gaining when all other banks are crashing dowards


maybe its the interim dividend
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