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Car & General - Huge Price Jumps
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VituVingiSana
#1 Posted : Wednesday, May 05, 2010 2:11:29 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
What's up with C&G... low volumes, huge price jumps...

From low 30s to 45/- today...

Year end is 30 Sep 2010 so does someone know the 1H 2009-10 results beforehand????
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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guru267
#2 Posted : Thursday, May 06, 2010 6:21:56 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
@VVS an illiquid stock like C&G can move very high up because it is very hard to find supply or very far down because of it being hard to find demand...

many internet sites have put it as a stock to watch because of its price friendly products
Mark 12:29
Deuteronomy 4:16
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Surealligator
#3 Posted : Thursday, May 06, 2010 6:48:57 AM
Rank: User

Joined: 6/27/2008
Posts: 709
Location: Velayat-e Faryab
@ Guru267 and Vituz

I find this company sickening with their sick 67 cents dividend pay out. How do they arrive at the sick figure even when their EPS is 8.80. When will they ever start paying some different even if it is .50 or 5 shillings for a change. Find the dividends history of this company for the last five or ten yrs.
Go overdrive in purchasing the goods when there's blood on the streets, expecially if the blood is your own
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VituVingiSana
#4 Posted : Thursday, May 06, 2010 12:35:37 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
LOL... You are right... There is a weird 67 cents... no idea why... lakini I think it is a legacy of a bonus...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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the deal
#5 Posted : Monday, May 10, 2010 4:09:23 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
actually if take a closer look at the those end of year results...turnover doubled but the cost of sales and cost of distribution of their goods tripled n caused their profits to tumble...if they can reduce the cost of sales then they can create value for their owners...
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sparkly
#6 Posted : Monday, May 10, 2010 7:29:05 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Their working capital funded by overdrafts year in year out. They also have a poultry farm in Tanzania
Life is short. Live passionately.
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PKoli
#7 Posted : Monday, May 10, 2010 8:21:24 PM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
Car and General is too illiquid. Today it only traded 1000 shares, so the rice should not trouble people.

I would rather keep with BOC
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VituVingiSana
#8 Posted : Tuesday, May 11, 2010 2:22:36 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
Lakini, another rise in price today... Is there something we do not know?

Are there no sellers at this price?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Wa_ithaka
#9 Posted : Tuesday, May 11, 2010 8:12:00 AM
Rank: Veteran

Joined: 1/7/2010
Posts: 1,279
Location: nbi
Anybody seen the announcement?
The Governor of Nyeri - 2017
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VituVingiSana
#10 Posted : Tuesday, May 11, 2010 9:23:08 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
1H profits up almost 50%.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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