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Elliott Wave Analysis Of The NSE 20
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Ericsson
#3061 Posted : Thursday, February 07, 2019 11:11:41 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,809
Location: NAIROBI
https://kenyanwallstreet...ours-to-boost-activity/

The Dar es Salaam Stock exchange has extended its trading time by an hour. It usually operated from 10am to 3pm but will now run from 10am to 4pm starting 11 February. The move was necessitated by the need for more time by bond dealers. Additionally, the extension will favor foreign investors who operate on a different time zone.

Trading hours extended from 5hrs to 6hrs
Kenya's NSE trading hours is 5.5hrs
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Yliett
#3062 Posted : Sunday, February 10, 2019 1:56:23 PM
Rank: New-farer

Joined: 12/23/2018
Posts: 38
Location: germany
What happened in NSSF sounds like big miss-management of data migration. Control systems were not established prior to migration. This should not ever happen, especially with pension money. If they messed up with data migration, how can they be sure in their ability to make adequate corrections?
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rwitre
#3063 Posted : Monday, February 11, 2019 3:11:46 PM
Rank: Member

Joined: 3/8/2018
Posts: 507
Location: Nairobi
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!

Applause Applause

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. d'oh! d'oh!

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)



NMG closes at 71. It's taken a while longer than the rest of its peers in the NSE 20, but it's slowly coming around to lift-off. smile
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mnandii
#3064 Posted : Wednesday, March 06, 2019 11:11:23 AM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304


Safaricom appears to be developing an expanded flat ABC where wave A completed at about Kes 21.77. Now I expect the developing wave B to rise to about Kes 36.49 - 38.70. After completion of wave B I will expect Safcom to fall in wave C to significantly below Kes 21.77 (the wave A low).

The above scenario is negated if Safcom continues down to below Kes 21.77 immediately.
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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mnandii
#3065 Posted : Friday, April 12, 2019 6:34:18 PM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304
I did warn about bank and insurance companies collapsing when the bear in the NSE 20 Share Index took a strong hold. Then I was being told how Kenyan banks have strong capital ratios, ati sijui we have a smart CBK governor? Now I hear there is a bank and an insurance company that are facing difficult times Sad ?
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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sparkly
#3066 Posted : Friday, April 12, 2019 6:50:21 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
mnandii wrote:
I did warn about bank and insurance companies collapsing when the bear in the NSE 20 Share Index took a strong hold. Then I was being told how Kenyan banks have strong capital ratios, ati sijui we have a smart CBK governor? Now I hear there is a bank and an insurance company that are facing difficult times Sad ?


@Mnabii tell us what will happen to KQ, Mumias, HAFR, ARM, Deacons, NIC-CBA
Life is short. Live passionately.
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VituVingiSana
#3067 Posted : Friday, April 12, 2019 6:57:14 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,353
Location: Nairobi
mnandii wrote:
I did warn about bank and insurance companies collapsing when the bear in the NSE 20 Share Index took a strong hold. Then I was being told how Kenyan banks have strong capital ratios, ati sijui we have a smart CBK governor? Now I hear there is a bank and an insurance company that are facing difficult times Sad ?

I doubt you were told all banks were the same. Even back then, NBK had poor fundamentals. Overall the KE banking sector looks OK. There will always be a few stragglers.
Spire, NBK, etc were weak back in 2016 and remain so today.

Even among insurance firms, you have the likes of Jubilee, which may face challenges in some years, and some shady/weak ones that remain on the edge forever.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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obiero
#3068 Posted : Friday, April 12, 2019 7:49:08 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,232
Location: nairobi
sparkly wrote:
mnandii wrote:
I did warn about bank and insurance companies collapsing when the bear in the NSE 20 Share Index took a strong hold. Then I was being told how Kenyan banks have strong capital ratios, ati sijui we have a smart CBK governor? Now I hear there is a bank and an insurance company that are facing difficult times Sad ?


@Mnabii tell us what will happen to KQ, Mumias, HAFR, ARM, Deacons, NIC-CBA

KQ is unchartable since August 2017 to date.. Let no one persuade you otherwise

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Aguytrying
#3069 Posted : Monday, April 15, 2019 9:33:19 AM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
VituVingiSana wrote:
mnandii wrote:
I did warn about bank and insurance companies collapsing when the bear in the NSE 20 Share Index took a strong hold. Then I was being told how Kenyan banks have strong capital ratios, ati sijui we have a smart CBK governor? Now I hear there is a bank and an insurance company that are facing difficult times Sad ?

I doubt you were told all banks were the same. Even back then, NBK had poor fundamentals. Overall the KE banking sector looks OK. There will always be a few stragglers.
Spire, NBK, etc were weak back in 2016 and remain so today.

Even among insurance firms, you have the likes of Jubilee, which may face challenges in some years, and some shady/weak ones that remain on the edge forever.


Chief VVS. Where have you cast your net following KK payout? Or where are you looking at. I have to admit the amount of quality stocks has diminished compared to a few years ago, but I always believe there are some gems to be found.
The investor's chief problem - and even his worst enemy - is likely to be himself
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xtina
#3070 Posted : Monday, April 15, 2019 10:00:09 AM
Rank: Member

Joined: 6/26/2008
Posts: 399
Aguytrying wrote:
VituVingiSana wrote:
mnandii wrote:
I did warn about bank and insurance companies collapsing when the bear in the NSE 20 Share Index took a strong hold. Then I was being told how Kenyan banks have strong capital ratios, ati sijui we have a smart CBK governor? Now I hear there is a bank and an insurance company that are facing difficult times Sad ?

I doubt you were told all banks were the same. Even back then, NBK had poor fundamentals. Overall the KE banking sector looks OK. There will always be a few stragglers.
Spire, NBK, etc were weak back in 2016 and remain so today.

Even among insurance firms, you have the likes of Jubilee, which may face challenges in some years, and some shady/weak ones that remain on the edge forever.


Chief VVS. Where have you cast your net following KK payout? Or where are you looking at. I have to admit the amount of quality stocks has diminished compared to a few years ago, but I always believe there are some gems to be found.



VituVingiSana #1685 Posted : Sunday, March 17, 2019 2:29:31 PM
Quote
Rank: Chief


Joined: 1/3/2007
Posts: 15,387
Location: Nairobi
As we head into 2Q 2019, what next?

I am out of KK. Cash ni ndani but it needs to be deployed starting Monday.

I am willing to hold/wait for 5 years for a pay-off.

Banks look good. Should I add more to what I have?
Equity
I&M [Core]
NIC
Stanbic

Manufacturing is suffering but is it a chance to get in?
BOC? [I don't have any]
FTG [small holding]
ARM [dead and suspended]
Unga [Core. Will Seaboard be back? When? Higher price?]
Cables? [Zero]

Insurance?
Britam [none]
KenRe [Core. Politics?]

Services/Commerce
TPS? [I have some. Nairobi Serena will look and feel very different once it is complete]
C&G [I have some]
Longhorn [Taken off lately. Education is huge business]
Centum
Safaricom? [Expensive but what a performer]

Agrics
Williamson/Kapchorua [Some but the land issue is worrying]
Kakuzi [None but the land issue is worrying]

What I have no interest in owning given the drama, politics, prospects or lack of faith in their financials:
KQ [Negative NAV? Little prospect for a profit for 5 years without JKIA]
NBV
Kurwitu [No idea what it does]
Orchards
Sameer
Eveready
HAFR [Real estate is hurting]
Eagaads [Politics + Drama]
Mumias [Run into the ground]
Olympia [Run by a thief]
Uchumi [Dying]
Transcentury [Dying?]

*There are other firms that might be interesting but given the politics and Kenya's debt situation, I want to be cautious.
Firms need to handle their debt carefully. Don't expand too fast using debt.

Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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