This thing called the prompt board should be banned...its robbing unsuspecting investors...

Should prompt board be banned or normal board done away with?

The difference between normal and prompt is only the settlement duration (time for brokers to pay each other),4 days vs 1 day. Shares on the other hand are obtained instantaneously from CDSC.

So perhaps seeing that we're now in the age of Internet and RTGS, the normal board can now be done away with, and everything settled in the 1 day.

i second Mukenya

@instinct somebody sold his KQ shares today on the prompt board at 52 bob yet the price was hovering btwn 55-56...i saw the same thing the other day with KPLC and NMG...

I'll try this once more (reminds me of some mboys in primo who had to repeat the multiplication tables on their way to school just so they could remember what 2*2 was).

Point number one-anybody can trade on the prompt board.
Point number two- the prompt board is there for those who need liquidity quickly. That is hwy you'll see peeps accepting lower prices. So they can cash at t+1.
Point number three- if you can't make mbesa in the NSE, you can't make at Gikomba so stop clutching at straws...