obiero wrote:VituVingiSana wrote:obiero wrote:Ericsson wrote:Ebenyo wrote:Ericsson wrote:Share price now at ksh.47.15 as at close of Wednesday 10 July 2019.
I see people getting burnt in this counter on it's way down.
I'm among those burnt here;with an ABP of 101.
The best way is to average down but I don't have cash now.
I don't regret because i strive to maintain a diversified stocks portfolio.
NMG should venture into digital tv and take on Multichoice brand of Dstv and startimes.
This will be the best way to stay relevant.
Do you see them venturing into digital TV?
Their biggest revenue earner is the daily print/newspaper.
Their TV and radio stations are dead.
Multichoice and Star times invest in content research.
Whatever you do, please do not average down on this one.. Sell now and redistribute to other more viable counters. I know more about the firm than most of its current management
Like you did at I&M about 2 years ago? Since then I&M has given a bonus and increased its dividend. And profits are up huge since 2017.
*I am not saying folks should buy NMG but do you really know what you think you know?
How's ARM? Will it trade again? You are not a deity..
ARM is dead. Kabisa. It will NOT trade.
On the other hand, perhaps (I do NOT know) NMG has a chance to re-invent itself. It does have cash unlike some firms and isn't looking for a bailout.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett