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Why investing in the NSE is fool's gold and a waste
Bishofu
#101 Posted : Saturday, January 05, 2019 10:03:34 AM
Rank: New-farer


Joined: 7/16/2018
Posts: 23
kenyan2019 wrote:
hardwood wrote:
kenyan2019 wrote:
Easier said than done----->According to a survey released Monday this week by the Kenya National Bureau of Statistics (KNBS), approximately 400,000 micro, small and medium enterprises (MSMEs) did not get to celebrate their second anniversary in the last five years raising concern over sustainability of this critical sector.

https://www.standardmedi...smes-are-dying-annually


So how many businesses have survived? Statistics need to be complete to make sense. Thus they also need to tell us how many businesses were started and how many are surviving. May be over 1 million were started and only 400k collapsed. We need more info.

.

Did you open the Link? ----->“A total of 2.2 million MSMEs were closed in the last five years, 2016 inclusive,” read the report in part which found that a significant 46 per cent of the MSMEs surveyed died in their first year of establishment.


Is there any single one that survived? That's the question...! If there is then somebody did the right things and succeeded.
ombaalbt
#102 Posted : Saturday, January 05, 2019 11:15:50 AM
Rank: New-farer


Joined: 5/19/2014
Posts: 68
Location: Migori
Bishofu wrote:
kenyan2019 wrote:
hardwood wrote:
kenyan2019 wrote:
Easier said than done----->According to a survey released Monday this week by the Kenya National Bureau of Statistics (KNBS), approximately 400,000 micro, small and medium enterprises (MSMEs) did not get to celebrate their second anniversary in the last five years raising concern over sustainability of this critical sector.

https://www.standardmedi...smes-are-dying-annually


So how many businesses have survived? Statistics need to be complete to make sense. Thus they also need to tell us how many businesses were started and how many are surviving. May be over 1 million were started and only 400k collapsed. We need more info.

.

Did you open the Link? ----->“A total of 2.2 million MSMEs were closed in the last five years, 2016 inclusive,” read the report in part which found that a significant 46 per cent of the MSMEs surveyed died in their first year of establishment.


Is there any single one that survived? That's the question...! If there is then somebody did the right things and succeeded.


Which is the point of the discussion. That starting a business is not everyone's cup of tea. And some individuals are better off finding other investment opportunities.
Learning to sit on my hands
kenyan2019
#103 Posted : Saturday, January 05, 2019 1:13:54 PM
Rank: New-farer


Joined: 12/30/2018
Posts: 94
Bishofu wrote:
kenyan2019 wrote:
hardwood wrote:
kenyan2019 wrote:
Easier said than done----->According to a survey released Monday this week by the Kenya National Bureau of Statistics (KNBS), approximately 400,000 micro, small and medium enterprises (MSMEs) did not get to celebrate their second anniversary in the last five years raising concern over sustainability of this critical sector.

https://www.standardmedi...smes-are-dying-annually


So how many businesses have survived? Statistics need to be complete to make sense. Thus they also need to tell us how many businesses were started and how many are surviving. May be over 1 million were started and only 400k collapsed. We need more info.

.

Did you open the Link? ----->“A total of 2.2 million MSMEs were closed in the last five years, 2016 inclusive,” read the report in part which found that a significant 46 per cent of the MSMEs surveyed died in their first year of establishment.


Is there any single one that survived? That's the question...! If there is then somebody did the right things and succeeded.



I posted the link in response to the arguments of bales and ladies clothes. I am from a family who has been in various businesses since 1950s and its not what people are trying to portray. Various aspects matter, for example, if your dad bought a 50 acre land, then you investing in it would be easier now, but you would rarely see a person buying from his own pocket and making it at the same time. The same for other SMEs, especially rent etc. I hope you get my point.
jmbada
#104 Posted : Saturday, January 05, 2019 10:28:28 PM
Rank: Member


Joined: 1/1/2011
Posts: 396
[quote=kenyan2019]Easier said than done----->According to a survey released Monday this week by the Kenya National Bureau of Statistics (KNBS), approximately 400,000 micro, small and medium enterprises (MSMEs) did not get to celebrate their second anniversary in the last five years raising concern over sustainability of this critical sector.

https://www.standardmedi...smes-are-dying-annually[/quote]
That sounds VEEEERRRRRYYY suspect. Business journalists in Kenya are notoriously lazy in analyzing reports. Will need to directly look at the actual survey and conclusions therefrom.
Ericsson
#105 Posted : Sunday, January 06, 2019 7:48:21 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,639
Location: NAIROBI
jmbada wrote:
[quote=kenyan2019]Easier said than done----->According to a survey released Monday this week by the Kenya National Bureau of Statistics (KNBS), approximately 400,000 micro, small and medium enterprises (MSMEs) did not get to celebrate their second anniversary in the last five years raising concern over sustainability of this critical sector.

https://www.standardmedi...smes-are-dying-annually[/quote]
That sounds VEEEERRRRRYYY suspect. Business journalists in Kenya are notoriously lazy in analyzing reports. Will need to directly look at the actual survey and conclusions therefrom.


Journalism in kenya died,local media nwdays aren't interested in conveying the reality on the ground.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
jmbada
#106 Posted : Tuesday, January 08, 2019 10:28:32 AM
Rank: Member


Joined: 1/1/2011
Posts: 396
Ericsson wrote:
jmbada wrote:
[quote=kenyan2019]Easier said than done----->According to a survey released Monday this week by the Kenya National Bureau of Statistics (KNBS), approximately 400,000 micro, small and medium enterprises (MSMEs) did not get to celebrate their second anniversary in the last five years raising concern over sustainability of this critical sector.

https://www.standardmedi...smes-are-dying-annually[/quote]
That sounds VEEEERRRRRYYY suspect. Business journalists in Kenya are notoriously lazy in analyzing reports. Will need to directly look at the actual survey and conclusions therefrom.


Journalism in kenya died,local media nwdays aren't interested in conveying the reality on the ground.

Yes. But this is literallybrwading and transcribing from a report. Should be quite straightforward.
wukan
#107 Posted : Wednesday, January 09, 2019 10:40:06 AM
Rank: Veteran


Joined: 11/13/2015
Posts: 1,568
Quote:
A system outage left Nairobi Securities Exchange (NSE) investors counting heavy losses as trading was halted for about half of the day on Monday.

The trading halt, attributed to a ‘technical hitch’ at the NSE, made it impossible to buy or sell shares.
It is the latest in a streak of costly glitches at the NSE in recent years.

“The NSE wishes to notify market participants, investors, key stakeholders and the general public that trading at the NSE has been temporarily halted due to a technical hitch which occurred on January 8, 2019 at 11.52 a.m.,” said the NSE in a statement.
https://www.businessdail...7088-q920bhz/index.html


Did anyone even notice soko mjinga was offline?
Ericsson
#108 Posted : Wednesday, January 09, 2019 11:02:56 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,639
Location: NAIROBI
wukan wrote:
Quote:
A system outage left Nairobi Securities Exchange (NSE) investors counting heavy losses as trading was halted for about half of the day on Monday.

The trading halt, attributed to a ‘technical hitch’ at the NSE, made it impossible to buy or sell shares.
It is the latest in a streak of costly glitches at the NSE in recent years.

“The NSE wishes to notify market participants, investors, key stakeholders and the general public that trading at the NSE has been temporarily halted due to a technical hitch which occurred on January 8, 2019 at 11.52 a.m.,” said the NSE in a statement.
https://www.businessdail...7088-q920bhz/index.html


Did anyone even notice soko mjinga was offline?


Guys gave up due to the bear run.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Horton
#109 Posted : Wednesday, January 09, 2019 11:56:54 AM
Rank: Veteran


Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
wukan wrote:
Quote:
A system outage left Nairobi Securities Exchange (NSE) investors counting heavy losses as trading was halted for about half of the day on Monday.

The trading halt, attributed to a ‘technical hitch’ at the NSE, made it impossible to buy or sell shares.
It is the latest in a streak of costly glitches at the NSE in recent years.

“The NSE wishes to notify market participants, investors, key stakeholders and the general public that trading at the NSE has been temporarily halted due to a technical hitch which occurred on January 8, 2019 at 11.52 a.m.,” said the NSE in a statement.
https://www.businessdail...7088-q920bhz/index.html


Did anyone even notice soko mjinga was offline?



Lol nope Laughing out loudly
sparkly
#110 Posted : Wednesday, January 09, 2019 4:00:41 PM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Horton wrote:
wukan wrote:
Quote:
A system outage left Nairobi Securities Exchange (NSE) investors counting heavy losses as trading was halted for about half of the day on Monday.

The trading halt, attributed to a ‘technical hitch’ at the NSE, made it impossible to buy or sell shares.
It is the latest in a streak of costly glitches at the NSE in recent years.

“The NSE wishes to notify market participants, investors, key stakeholders and the general public that trading at the NSE has been temporarily halted due to a technical hitch which occurred on January 8, 2019 at 11.52 a.m.,” said the NSE in a statement.
https://www.businessdail...7088-q920bhz/index.html


Did anyone even notice soko mjinga was offline?



Lol nope Laughing out loudly



How did a few hours blackout lead to "heavy losses"
Life is short. Live passionately.
whiteowl
#111 Posted : Thursday, January 10, 2019 12:54:51 AM
Rank: Veteran


Joined: 4/16/2014
Posts: 1,420
Location: Bohemian Grove
sparkly wrote:
Horton wrote:
wukan wrote:
Quote:
A system outage left Nairobi Securities Exchange (NSE) investors counting heavy losses as trading was halted for about half of the day on Monday.

The trading halt, attributed to a ‘technical hitch’ at the NSE, made it impossible to buy or sell shares.
It is the latest in a streak of costly glitches at the NSE in recent years.

“The NSE wishes to notify market participants, investors, key stakeholders and the general public that trading at the NSE has been temporarily halted due to a technical hitch which occurred on January 8, 2019 at 11.52 a.m.,” said the NSE in a statement.
https://www.businessdail...7088-q920bhz/index.html


Did anyone even notice soko mjinga was offline?



Lol nope Laughing out loudly



How did a few hours blackout lead to "heavy losses"


Good question.This story doesnt make sense.Also worth noting is that most "system outages" occur during the bear.
jmbada
#112 Posted : Thursday, January 10, 2019 12:11:43 PM
Rank: Member


Joined: 1/1/2011
Posts: 396
whiteowl wrote:
sparkly wrote:
Horton wrote:
wukan wrote:
Quote:
A system outage left Nairobi Securities Exchange (NSE) investors counting heavy losses as trading was halted for about half of the day on Monday.

The trading halt, attributed to a ‘technical hitch’ at the NSE, made it impossible to buy or sell shares.
It is the latest in a streak of costly glitches at the NSE in recent years.

“The NSE wishes to notify market participants, investors, key stakeholders and the general public that trading at the NSE has been temporarily halted due to a technical hitch which occurred on January 8, 2019 at 11.52 a.m.,” said the NSE in a statement.
https://www.businessdail...7088-q920bhz/index.html


Did anyone even notice soko mjinga was offline?



Lol nope Laughing out loudly



How did a few hours blackout lead to "heavy losses"


Good question.This story doesnt make sense.Also worth noting is that most "system outages" occur during the bear.

Firstly, all respectable exchanges, including the NSE, have triggers for suspending trading during a market free-fall. This was not the case here. I think it much more likely that delayed trading driven by changes in dividend taxes drove 2019 trade volumes that overwhelmed the ATS.
MugundaMan
#113 Posted : Thursday, January 10, 2019 12:46:24 PM
Rank: Elder


Joined: 1/8/2018
Posts: 2,211
Location: DC (Dustbowl County)
ICDC has made a staggering recovery in the past week and a half. Iko kitu.
Swenani
#114 Posted : Thursday, January 10, 2019 1:11:25 PM
Rank: User


Joined: 8/15/2013
Posts: 13,236
Location: Vacuum
MugundaMan wrote:
ICDC has made a staggering recovery in the past week and a half. Iko kitu.

Kumbe you're a stalker to the casino?
If Obiero did it, Who Am I?
Angelica _ann
#115 Posted : Thursday, January 10, 2019 1:43:57 PM
Rank: Elder


Joined: 12/7/2012
Posts: 11,901
Swenani wrote:
MugundaMan wrote:
ICDC has made a staggering recovery in the past week and a half. Iko kitu.

Kumbe you're a stalker to the casino?


He has always said that he has 1% of his investment portfolio in the NSE casino.
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
MugundaMan
#116 Posted : Thursday, January 10, 2019 4:14:58 PM
Rank: Elder


Joined: 1/8/2018
Posts: 2,211
Location: DC (Dustbowl County)
Angelica _ann wrote:
Swenani wrote:
MugundaMan wrote:
ICDC has made a staggering recovery in the past week and a half. Iko kitu.

Kumbe you're a stalker to the casino?


He has always said that he has 1% of his investment portfolio in the NSE casino.



I also said I will jump back in when ICDC hits 5 bob and Safcom 10 bob. Casino is very interesting. Reminds me of that ka alleyway on Kimathi st where I usually pass and see gambling addicts playing slots with dazed glazed over looks in their eyes. If gava is not careful crime will skyrocket due to gambling debts. Gambling addiction is worse than crack cocaine - thats why Mumias is still heavily traded!
MaichBlack
#117 Posted : Sunday, January 13, 2019 8:30:35 PM
Rank: Elder


Joined: 7/22/2009
Posts: 7,451
I will not comment!!! Just visit the link
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
Beler
#118 Posted : Friday, January 18, 2019 4:46:23 PM
Rank: New-farer


Joined: 1/15/2019
Posts: 31
I also prefer for stock that always give us good high dividend yields too. Thank you for sharing this. I am thinking about new strategy and will do homework on this this weekend.
tom_boy
#119 Posted : Tuesday, August 27, 2019 11:27:03 PM
Rank: Member


Joined: 2/20/2007
Posts: 767
tom_boy wrote:
When I reflect on my NSE journey, my major failing has been selling out too early. Examples of shares I held long ago that I sold too early, for no apparent reason include

Equity bank - I held these at initial listing before the very first split.

Safaricom - bought at 6sh and sold at 16 thinking the market was too hot and about to crash. This was in late 2016.

ARM - bought at 9shs many yrs ago. Sold at 15 shortly after. Little did I know I could have ridden it all the was past 100.

C and G at around 10 bob
Sasini at around 10bob

Some stocks I have gotten lucky.
Bought Uchumi at 10bob and sold at 20bob in a space of about 2 months then the scandals happened and price never recovered.

Got KQ at 7 bob, those years and sold at 94shs. Pure luck.

I also remember losing a cummulative 6 figure sum on this same NSE.

All in all, I am wiser now.

I know when others are running scared, its time to buckle down and invest.

My portfolio consists of
NIC at 23 (not complaining)
Bamburi at 183(sold at 150)
WTH at 160 holding
FTGH at 4.5holding.will avg down
Britam at 10.30will avg down
LKL at 4.30holding
TPS at 21.50holding
Jubilee at 460holding
KPL at 3.50sold at 4.50
Kengen at 7.05 holding
Equity at 40averaging down
KCB at 44averaging down
Kk at 15sold at 22
Purchased
CFC at 90.50
Safcon at 21.50
NIC at 22

Of course these are recently acquired positions.
My philosophy is that when everyone thinks the end will not come, its doom and gloom all round, then the light will finally come. Are we there yet, I have no clue, but that time will come.




Have lost less than 10% of my portfolio thus far. Major anxiety with FTGH but looks like company is moving along slowly. Still feels risky to me. My strategy is equal weight on all shares at the point of purchase i.e I put down the same amount of cash on any stock I invest in.
They must find it difficult....... those who have taken authority as the truth, rather than truth as the authority. -G. Massey.
obiero
#120 Posted : Wednesday, August 28, 2019 10:29:41 AM
Rank: Elder


Joined: 6/23/2009
Posts: 13,472
Location: nairobi
tom_boy wrote:
tom_boy wrote:
When I reflect on my NSE journey, my major failing has been selling out too early. Examples of shares I held long ago that I sold too early, for no apparent reason include

Equity bank - I held these at initial listing before the very first split.

Safaricom - bought at 6sh and sold at 16 thinking the market was too hot and about to crash. This was in late 2016.

ARM - bought at 9shs many yrs ago. Sold at 15 shortly after. Little did I know I could have ridden it all the was past 100.

C and G at around 10 bob
Sasini at around 10bob

Some stocks I have gotten lucky.
Bought Uchumi at 10bob and sold at 20bob in a space of about 2 months then the scandals happened and price never recovered.

Got KQ at 7 bob, those years and sold at 94shs. Pure luck.

I also remember losing a cummulative 6 figure sum on this same NSE.

All in all, I am wiser now.

I know when others are running scared, its time to buckle down and invest.

My portfolio consists of
NIC at 23 (not complaining)
Bamburi at 183(sold at 150)
WTH at 160 holding
FTGH at 4.5holding.will avg down
Britam at 10.30will avg down
LKL at 4.30holding
TPS at 21.50holding
Jubilee at 460holding
KPL at 3.50sold at 4.50
Kengen at 7.05 holding
Equity at 40averaging down
KCB at 44averaging down
Kk at 15sold at 22
Purchased
CFC at 90.50
Safcon at 21.50
NIC at 22

Of course these are recently acquired positions.
My philosophy is that when everyone thinks the end will not come, its doom and gloom all round, then the light will finally come. Are we there yet, I have no clue, but that time will come.




Have lost less than 10% of my portfolio thus far. Major anxiety with FTGH but looks like company is moving along slowly. Still feels risky to me. My strategy is equal weight on all shares at the point of purchase i.e I put down the same amount of cash on any stock I invest in.

That strategy is difficult to ensure success, since different companies face different dynamics, from management, scale etc.. I would suggest you decipher fundamentals keenly and pursue good dividend paying stocks

HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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