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Elliott Wave Analysis Of The NSE 20
Rank: Member Joined: 3/8/2018 Posts: 507 Location: Nairobi
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mufasa wrote:lochaz-index wrote:rwitre wrote:Ericsson wrote:bartum wrote:Is the market looking up, chartists what do you say Taking positions in anticipation of full year results and dividends in the financial sector and for companies whose FY ended 31 December SCOM, EQTY, KCB, ICDC taking off. BRIT, JUB, KEGN on queue NMG yet to be cleared Come rally, come!  Market has been consolidating for the last three months or so. This is after erasing the whole 2017 rally and puncturing the Feb 2017 low of 2789. Generally, I don't expect 2019 to be good for EM/FMs but there are always some exceptions. The resistance at these 2700 levels has held for a while now. To the point we can start feeling a new social mood kicking in. Post Dusit attack, Kenyans are beginning to feel more resilient and foreigners are gaining more confidence with our economy. We've overtaken Ethiopia, GDP wise again. The likelihood of them catching up again is not soon. Handshake is bearing fruit. Grand corruption cases have gone down... We're now just dealing with thieves of yester-years. So, yes. A small upward spike is expected. NMG is that one sheep that keeps going back to the pen when the rest of its pals are being herded out to graze in the morning. How does it fall to an all-time low of 60 just when the bull is picking up.  Anyway...we welcome the discount.
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Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi
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A bull doesn't look like this for those who saw the bull years however it starts small,people argue the second year after elections is usually good for markets "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 12/7/2012 Posts: 11,935
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mlennyma wrote:A bull doesn't look like this for those who saw the bull years however it starts small,people argue the second year after elections is usually good for markets the bulls we saw in Kibaki years were real Spanish ones - charged and raged and went back for their brothers. These ones of Jubilee are weak but better than nothing. CC. Equity  In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: New-farer Joined: 2/27/2018 Posts: 59 Location: Cambrian Dc
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rwitre wrote:mufasa wrote:lochaz-index wrote:rwitre wrote:Ericsson wrote:bartum wrote:Is the market looking up, chartists what do you say Taking positions in anticipation of full year results and dividends in the financial sector and for companies whose FY ended 31 December SCOM, EQTY, KCB, ICDC taking off. BRIT, JUB, KEGN on queue NMG yet to be cleared Come rally, come! Market has been consolidating for the last three months or so. This is after erasing the whole 2017 rally and puncturing the Feb 2017 low of 2789. Generally, I don't expect 2019 to be good for EM/FMs but there are always some exceptions. The resistance at these 2700 levels has held for a while now. To the point we can start feeling a new social mood kicking in. Post Dusit attack, Kenyans are beginning to feel more resilient and foreigners are gaining more confidence with our economy. We've overtaken Ethiopia, GDP wise again. The likelihood of them catching up again is not soon. Handshake is bearing fruit. Grand corruption cases have gone down... We're now just dealing with thieves of yester-years. So, yes. A small upward spike is expected. NMG is that one sheep that keeps going back to the pen when the rest of its pals are being herded out to graze in the morning. How does it fall to an all-time low of 60 just when the bull is picking up. Anyway...we welcome the discount. I think NMG is overvalued in my book. Steady declining earnings over the years, depletion of their reserves, PB of 1.43, PE of 8.7, savage cut in dividend. I think the only plays here are the dividend rally then you jump out or strap up for the long haul and wait for a buyout(risking massive capital erosion) If the radiance of a thousand suns were to burst at once into the sky that would be like the splendour of the mighty one.
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Rank: Member Joined: 3/8/2018 Posts: 507 Location: Nairobi
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VyaBureSiachi wrote:rwitre wrote:mufasa wrote:lochaz-index wrote:rwitre wrote:Ericsson wrote:bartum wrote:Is the market looking up, chartists what do you say Taking positions in anticipation of full year results and dividends in the financial sector and for companies whose FY ended 31 December SCOM, EQTY, KCB, ICDC taking off. BRIT, JUB, KEGN on queue NMG yet to be cleared Come rally, come! Market has been consolidating for the last three months or so. This is after erasing the whole 2017 rally and puncturing the Feb 2017 low of 2789. Generally, I don't expect 2019 to be good for EM/FMs but there are always some exceptions. The resistance at these 2700 levels has held for a while now. To the point we can start feeling a new social mood kicking in. Post Dusit attack, Kenyans are beginning to feel more resilient and foreigners are gaining more confidence with our economy. We've overtaken Ethiopia, GDP wise again. The likelihood of them catching up again is not soon. Handshake is bearing fruit. Grand corruption cases have gone down... We're now just dealing with thieves of yester-years. So, yes. A small upward spike is expected. NMG is that one sheep that keeps going back to the pen when the rest of its pals are being herded out to graze in the morning. How does it fall to an all-time low of 60 just when the bull is picking up. Anyway...we welcome the discount. I think NMG is overvalued in my book. Steady declining earnings over the years, depletion of their reserves, PB of 1.43, PE of 8.7, savage cut in dividend. I think the only plays here are the dividend rally then you jump out or strap up for the long haul and wait for a buyout(risking massive capital erosion) Looking at the dividend yield at current price: DPS 10 - DY 16% (last year's total dividend, but can only be wishful thinking this year) DPS 7 - DY 11.6% (30% down from last year, but general expectation for FY2018) DPS 5 - DY 8% (50% down, but if the board suggests anything lower than this there'll be a storm) So with a DPS of 5 ( very drastic cut from last year), Nation Media Group still has a higher dividend yield than nearly every other company on the NSE. Akina Barclays/ABSA are at 8.7%. So yes, there will be a dividend rally.
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Rank: Elder Joined: 10/11/2006 Posts: 2,304
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NSE 20 Share Index  I see no bottom yet. Don't let the rally fool you. Bottom targets remain sub-2000s. Pole. Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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Rank: Veteran Joined: 4/4/2016 Posts: 2,016 Location: Kitale
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mnandii wrote:NSE 20 Share Index I see no bottom yet. Don't let the rally fool you. Bottom targets remain sub-2000s. Pole. The chart was for close of business on Friday 18th Jan 2019. Monday 21 Jan 2019 it closed at 2863.75 Tuesday22nd January 2019 it closed at 2870.73 resistance level at 2700? projected support level at 3000? Towards the goal of financial freedom
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Rank: Elder Joined: 12/4/2009 Posts: 10,809 Location: NAIROBI
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rwitre wrote:VyaBureSiachi wrote:rwitre wrote:mufasa wrote:lochaz-index wrote:rwitre wrote:Ericsson wrote:bartum wrote:Is the market looking up, chartists what do you say Taking positions in anticipation of full year results and dividends in the financial sector and for companies whose FY ended 31 December SCOM, EQTY, KCB, ICDC taking off. BRIT, JUB, KEGN on queue NMG yet to be cleared Come rally, come! Market has been consolidating for the last three months or so. This is after erasing the whole 2017 rally and puncturing the Feb 2017 low of 2789. Generally, I don't expect 2019 to be good for EM/FMs but there are always some exceptions. The resistance at these 2700 levels has held for a while now. To the point we can start feeling a new social mood kicking in. Post Dusit attack, Kenyans are beginning to feel more resilient and foreigners are gaining more confidence with our economy. We've overtaken Ethiopia, GDP wise again. The likelihood of them catching up again is not soon. Handshake is bearing fruit. Grand corruption cases have gone down... We're now just dealing with thieves of yester-years. So, yes. A small upward spike is expected. NMG is that one sheep that keeps going back to the pen when the rest of its pals are being herded out to graze in the morning. How does it fall to an all-time low of 60 just when the bull is picking up. Anyway...we welcome the discount. I think NMG is overvalued in my book. Steady declining earnings over the years, depletion of their reserves, PB of 1.43, PE of 8.7, savage cut in dividend. I think the only plays here are the dividend rally then you jump out or strap up for the long haul and wait for a buyout(risking massive capital erosion) Looking at the dividend yield at current price: DPS 10 - DY 16% (last year's total dividend, but can only be wishful thinking this year) DPS 7 - DY 11.6% (30% down from last year, but general expectation for FY2018) DPS 5 - DY 8% (50% down, but if the board suggests anything lower than this there'll be a storm) So with a DPS of 5 ( very drastic cut from last year), Nation Media Group still has a higher dividend yield than nearly every other company on the NSE. Akina Barclays/ABSA are at 8.7%. So yes, there will be a dividend rally. It has run out of steam Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 10/11/2006 Posts: 2,304
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Stated Sept. 20, 2015 Post Linkmnandii wrote:Pensions fund probed over Sh10bn revenue loss claimQuote:The anti-corruption commission is investigating allegations that at least Sh10 billion in workers’ contributions to the giant National Social Security Fund (NSSF) is at stake following migration to a new information management system.
According to documents seen by Sunday Nation — which have been surrendered to the Ethics and Anti-Corruption Commission and the Labour ministry — the amount in question includes unpaid contributions by employers, uncollected penalties and accrued penalties between 1998 and June 2013. linkExpect to read about more scandals like these. It is sad, but if you depend on your pension to cater for you in your old age, the  you better think again. Pension firms invest in stocks, real estate and other financial assets. With a bear market in all these assets expect them to bleed badly. The government ones are also a cash-cow for the politicians.  Read 'Conquer the Crash' which you should have read yesterday.  Retirees’ cash at risk as NSSF makes costly blundersQuote:The sunset years of millions of employees is at risk following investment blunder by the very agency meant to safeguard and grow their nest eggs.
Flagged by the Auditor-General Edward Ouko in his annual general reports, the National Social Security Fund (NSSF) has hit hard ground in projects running into billions of shillings with legal and other barriers occasioned by bad decisions.
The auditor, for example, could not understand why NSSF sold land in November 2011 and only earned a tenth of the sale price without taking any action to get the rest of the money paid. linkConventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi
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The big 3,safcom,kcb and equity are charging slowly.centum too .....is the bull here? "Don't let the fear of losing be greater than the excitement of winning."
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