obiero wrote:VituVingiSana wrote:obiero wrote:VituVingiSana wrote:obiero wrote:VituVingiSana wrote:Horton wrote:Was at babyshop in sarit centre recently. These guys need to slash their prices by over 50% and inprove Staff attitude for them to earn customer loyalty or goodwill. They seemed to treat their customer like they are doing them a favor
It seems all they are doing is flogging a dead horse. I am glad I dumped mine [at a loss] and moved on.
Wait a minute sir. Have you ever made a profit from your investments. Asking in humility
Good Question
The answer is YES
BUT I have not had a 100% success rate.
My "poor" investments include:
KQ [sold out. Break-even?]
Olympia [sold out at a loss. Matu the Thief]
ADSS [sold out at a huge loss]
Kenya Finance [Collapsed. Nyammo the Thug]
Deacons [sold out at a loss]
KCB [sold out. There was a Rights Issue but the price dropped. Then KCB did another Rights Issue soon thereafter at a lower price. I should have held on.]
Sasini [sold out after seeing what Merali the Merciless did to Firestone/Sameer shareholders]
(among others)
The "good" news is that I have had some heavy hitters that covered my mistakes.
CUT YOUR LOSSES if you think the management is lousy or a bunch of thieves.
Well noted. In future I would suggest that you stick to large caps since the kahoonas primarily stalk illiquid counters that are easy to manipulate
I disagree. There’s nothing wrong with well-run small caps. I have FTGH and C&G in my portfolio. KQ was a big cap...
KQ never went down and out, it's you who left the party just before the cute ladies arrived, and please please FTG inaweza kuchomeka very soon
Dear @Obiero, I sold/disposed most of my KQ in 2012 between 13-14. Since then, it has been divided into 4 bits [the "consolidation"] and trades at 16 therefore the "2012" 13 = "2018" 4 ... I am happy & relieved to have left the party. You an enjoy what's left!
FTGH - Not a core holding but I am confident the profitability will bloom in 2018. FY 2017 has been horrible with elections, tight money markets and losses from Nakumatt. [From the 1H report and profit warning]
Deacons - A disaster but I bailed out (at a loss). Reinvested into other shares.
I used some of the proceeds to buy Unga. Even if Seaboard pays stated NAV of 49, I am ahead of the game. If they pay stated NAV (49) + revalued land (last done in 2013 and not included in the Balance Sheet) + 1H PAT = 60/-
Deacons failed coz it tried to target the middle income folks with prices that were anything but middle income!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett