mamilli wrote:Ebenyo wrote:winston wrote:Ebenyo wrote:winston wrote:Assuming the theory that price reflects information available: Then is the current KCB price fully reflecting?
1) Effects from possible purchase of NBK
2) Effects of Interest rate capping
3) Effects of poor first half results
4) Election jitters
Seems to me that Simba is riding these effects well...so far.
1.CMA halted the downtrend when they issued a statement denying the same.
2.The price passed this last year imediately when the new law was signed.It traded at 23-24.
3.Half year results are not yet out.Unless those traders with insider knowledge.
4.Election jitters have refused to affect results in almost all the market.Most counters are up.
Perhaps the exchange bar can help with H1 projections whose announcements should be around 1st/2nd week of August
It seems strange that Mr market is unaffected by market jitters...
im also wondering why election jitters have refused to affect the market.I was waiting to pounce but have not succeeded yet.It could be a ploy by market makers.Lets see how the market behaves after election assuming its settled peacefully.
Hii maneno,the chiefs and elders of the forum can help....most certainly they've been through these motions before.
Going back,NSE started in 1954.Kenya attained independence in 1963.There were general elections in 1962,1969,1974,1979,1983,1988,1992,1997,2002,2007,2013.
How did NSE performed shortly before and after those elections?
Out of those elections,its only 2007 that was hit with violence.
This site was probably created in 2005 or 2006? as stocks kenya? if its so,then we might have guys with clues on what happened shortly before and after 2007 and 2013.
@Vvs,@pesa nane,@obiero,@ericson might have some insight and will they probably share with the johnnie come lately like us?
According to my little knowledge gathered here,my opinion is that this thing has been caused by market makers.Because everybody was expecting the price to fall,they decided to hoodwink everyone so that they will reap shortly after elections.They decided to work the price up so that shortly after elections they sell.
Towards the goal of financial freedom