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Elliott Wave Analysis Of The NSE 20
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Liv
#2301 Posted : Tuesday, January 10, 2017 1:34:59 AM
Rank: Veteran

Joined: 11/14/2006
Posts: 1,311
VituVingiSana wrote:
mlennyma wrote:
http://allafrica.com/stories/201701050196.html

Wow!
Does Safcom buy GoK bonds? GoK pays Safcom then Safcom buys GoK bonds. A "gentleman's" agreement between the two?

GoK is starving for cash at the moment.


How does a gentleman's agreement between the 2 work? Bonds are sold by CBK through competitive bidding while treasury pays bills owed by government.
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VituVingiSana
#2302 Posted : Tuesday, January 10, 2017 11:06:18 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
Liv wrote:
VituVingiSana wrote:
mlennyma wrote:
http://allafrica.com/stories/201701050196.html

Wow!
Does Safcom buy GoK bonds? GoK pays Safcom then Safcom buys GoK bonds. A "gentleman's" agreement between the two?

GoK is starving for cash at the moment.


How does a gentleman's agreement between the 2 work? Bonds are sold by CBK through competitive bidding while treasury pays bills owed by government.

CBK is an agent of GoK/Treasury - the borrower.
CBK also holds bonds/bills issued by GoK/Treasury.
GoK/Treasury (in consultation with CBK) can determine the cut-off point for issuance of GoK paper.
Bob chats with Henry. Henry calls Patrick. Henry tells Bob what to bid. Bob bids. Patrick accepts the bid on behalf of Henry. All good.
[Didn't GoK single-source the system from Safcom?]
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Liv
#2303 Posted : Tuesday, January 10, 2017 11:46:06 AM
Rank: Veteran

Joined: 11/14/2006
Posts: 1,311
VituVingiSana wrote:
Liv wrote:
VituVingiSana wrote:
mlennyma wrote:
http://allafrica.com/stories/201701050196.html

Wow!
Does Safcom buy GoK bonds? GoK pays Safcom then Safcom buys GoK bonds. A "gentleman's" agreement between the two?

GoK is starving for cash at the moment.


How does a gentleman's agreement between the 2 work? Bonds are sold by CBK through competitive bidding while treasury pays bills owed by government.

CBK is an agent of GoK/Treasury - the borrower.
CBK also holds bonds/bills issued by GoK/Treasury.
GoK/Treasury (in consultation with CBK) can determine the cut-off point for issuance of GoK paper.
Bob chats with Henry. Henry calls Patrick. Henry tells Bob what to bid. Bob bids. Patrick accepts the bid on behalf of Henry. All good.
[Didn't GoK single-source the system from Safcom?]


Haha.... you've got jokes @Vitu....lol
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Metasploit
#2304 Posted : Tuesday, January 10, 2017 2:21:35 PM
Rank: Veteran

Joined: 3/26/2012
Posts: 985
Location: Dar es salaam,Tanzania
Metasploit wrote:
Safaricom trying to defend 18.50 and on good volumes..Next support is 17.50-18



SAFARICOM ON A FREE FALL...KSH 18 CANNOT EVEN HOLD

“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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Metasploit
#2305 Posted : Tuesday, January 10, 2017 2:25:21 PM
Rank: Veteran

Joined: 3/26/2012
Posts: 985
Location: Dar es salaam,Tanzania
And judging by the volumes 17.50 will print..

“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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Metasploit
#2306 Posted : Tuesday, January 10, 2017 2:27:00 PM
Rank: Veteran

Joined: 3/26/2012
Posts: 985
Location: Dar es salaam,Tanzania
Oh..we are concerned with it because it is the bellweather stock

“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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mlennyma
#2307 Posted : Tuesday, January 10, 2017 3:36:39 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Metasploit wrote:
And judging by the volumes 17.50 will print..

the whole market is wounded and bleeding
"Don't let the fear of losing be greater than the excitement of winning."
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WWW
  | | Edit by user: Tuesday, January 10, 2017 3:37 PM | Reason: Not specified
hisah
#2308 Posted : Tuesday, January 10, 2017 3:44:06 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
mlennyma wrote:
Metasploit wrote:
And judging by the volumes 17.50 will print..

the whole market is wounded and bleeding

Quite concerned with FTSE NSE KE 15. I don't like the chart pattern of the most liquid 15 counters Pray

If this index fails to hold 150 handle (the rate cap shock low) on the weekly, the fat tails will be plenty since it's moving ahead of NASI and NSE20!
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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  | | Edit by user: Tuesday, January 10, 2017 3:47 PM | Reason: Not specified
Sufficiently Philanga....thropic
#2309 Posted : Tuesday, January 10, 2017 4:40:09 PM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli


According to the above cartoon, pre-Kibaki days, the NSE 20 bottomed in September 2002 at 1005 and the ascent started a month later with the Kibaki tosha declaration in October. Kibaki took over in Jan 2003 with the index(NSE 20) opening the year at 1385 and would cross the 2,000 level in May 2003 and the 5,000 mark( last seen in the 1994 inflation related Bull) in October 2006.
#DownMemoryLane
@SufficientlyP
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  | | Edit by user: Tuesday, January 10, 2017 5:42 PM | Reason: Not specified
Sufficiently Philanga....thropic
#2310 Posted : Tuesday, January 10, 2017 5:01:14 PM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
Sufficiently Philanga....thropic wrote:
Next support, 3070 low of December 2011,below that opens up to 2360, the March 2009 GFC lows.


NSE 20 down 33 points today to close at 3083Sad
With USD Bulls on the driver's seat, Safcom on a downward trend and credit growth at an all time low, NSE 20 would need divine intervention to stay above the 3,000 psychological level. The 3070 support level is now under serious threat!
@SufficientlyP
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372 Pages«<229230231232233>»
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