Wazua
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Madness at the NSE
Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru
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Ericsson wrote:The temporary rally seems to have come to a halt Wrong call my friend. The 3-year bull has just began. The fresh Uhuru Kenyatta millionaires are just about to get minted. Dumb money becomes dumb only when it listens to smart money
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Rank: Member Joined: 11/17/2018 Posts: 173 Location: Mars
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Ericsson wrote: The temporary rally seems to have come to a halt The sellers available are just too many.
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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I can’t buy or sell anything. SBG says all joint accounts have been affected from CDSC. Anyone else in the same doldrums?
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Rank: Member Joined: 7/1/2014 Posts: 895 Location: sky
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Horton wrote:I can’t buy or sell anything. SBG says all joint accounts have been affected from CDSC. Anyone else in the same doldrums? kingdom securities too, the error is "tradeswitch not active" There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
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Rank: Veteran Joined: 8/28/2015 Posts: 1,247
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Fyatu wrote:wukan wrote:Ericsson wrote:Fyatu wrote:Sufficiently Philanga....thropic wrote:Following the Prseident's refusal to sign the Finance bill until the rate cap is done away with, September 2019's 10 year low of 2420 will be the floor..... Woe unto those who are not inside the market.....watabaki tu kukula na macho. Market conditions still weak to push a rally.Top gainer today is at 4%. This bear will teach many a lesson. The problem is structural and interest rates on their own won't deal with the underlying structural issues. Fiscal stimulus has failed to stimulate the expected growth now they will try monetary stimulus. You need to look at point 3 of the president's memo. Technically looking at the chart you can see the tail has to be longer than where it is now to complete the correction. I am not a TA, however, i have noticed general lack of supply in most stocks over the recent past(6 months)and reduced turnover hinting that perhaps we have bottomed-out. I am keen to know how low the NSE20 can go as you seem to suggest. Can it go sub 1500 points? If it goes sub 1500 what will be the price of KCB or Equity or Safaricom etc shares? . Is there a possibility of seeing KCB at sub 17 bob or Safaricom at sub 12 bob? Will Britam trade at 3bob? I strongly doubt the index will go any lower than 2420.Also, you will notice that most companies posted improved numbers HY2019 and there were less profit warnings. Most tier 1 banks performed very well and are highly likely to post better results FY2019 that previously posted pre-rate cap. The bear is good. I want it to last a little longer so that i can cement my positions. I have also noted mombatha nairofi express way costing a whooping 300binions has been put on hold. Now bitcoins are smashing 8000$dollar mark just like that. Ratecap about to nyegethia watu wa mortage. Soon they will be singing maxine, murder she wrote here. Catch 2-2 situation. Maangaiko maangaiko ya kila siku yalimfanya binandam kumzahau mungu wao. ,Behold, a sower went forth to sow;....
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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littledove wrote:Horton wrote:I can’t buy or sell anything. SBG says all joint accounts have been affected from CDSC. Anyone else in the same doldrums? kingdom securities too, the error is "tradeswitch not active" Ah right. Thanks. Was thinking of selling a few KCB 🤦🏽♂️
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Rank: Elder Joined: 12/4/2009 Posts: 10,639 Location: NAIROBI
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Four counters rallying; --Safaricom --Equity Bank ---KCB ---NCBA The rest mute Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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Horton wrote:littledove wrote:Horton wrote:I can’t buy or sell anything. SBG says all joint accounts have been affected from CDSC. Anyone else in the same doldrums? kingdom securities too, the error is "tradeswitch not active" Ah right. Thanks. Was thinking of selling a few KCB 🤦🏽♂️ Be serious about your life HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Elder Joined: 12/4/2009 Posts: 10,639 Location: NAIROBI
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obiero wrote:Horton wrote:littledove wrote:Horton wrote:I can’t buy or sell anything. SBG says all joint accounts have been affected from CDSC. Anyone else in the same doldrums? kingdom securities too, the error is "tradeswitch not active" Ah right. Thanks. Was thinking of selling a few KCB 🤦🏽♂️ Be serious about your life Labda ameumwa mahali na anataka urgent cash Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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Ericsson wrote:obiero wrote:Horton wrote:littledove wrote:Horton wrote:I can’t buy or sell anything. SBG says all joint accounts have been affected from CDSC. Anyone else in the same doldrums? kingdom securities too, the error is "tradeswitch not active" Ah right. Thanks. Was thinking of selling a few KCB 🤦🏽♂️ Be serious about your life Labda ameumwa mahali na anataka urgent cash You have a point.. But what would stop him from pledging the same and use it as collateral HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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obiero wrote:Ericsson wrote:obiero wrote:Horton wrote:littledove wrote:Horton wrote:I can’t buy or sell anything. SBG says all joint accounts have been affected from CDSC. Anyone else in the same doldrums? kingdom securities too, the error is "tradeswitch not active" Ah right. Thanks. Was thinking of selling a few KCB 🤦🏽♂️ Be serious about your life Labda ameumwa mahali na anataka urgent cash You have a point.. But what would stop him from pledging the same and use it as collateral Yaah needed some cash but sorted with a short term loan from a friend
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Rank: Member Joined: 7/1/2014 Posts: 895 Location: sky
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https://www.businessdailyafrica.com/news/A-third-of-NSE-firms-risk-hostile-buyout/539546-5328746-63smi8z/index.htmlAt least 20 or a third of the companies listed on the Nairobi Securities Exchange (NSE) risk forceful takeover by their majority shareholders - which in turn could lead to their delisting from the bourse - following changes to the law that now make it easier for top owners to compulsorily acquire minority investors. The Statute Law (Miscellaneous Amendments) Act No. 12 of 2019 now allows shareholders with a 50 percent stake to make compulsory acquisitions of shares held by the remaining investors. The takeover threshold previously stood at 90 percent, a level that made it difficult for top shareholders of Unga Group and logistics firm Express Kenya to forcibly buy out minority investors. As a result, they were unable to delist the firms. The drastic law change caught many stakeholders by surprise with NSE fretful that this could egg on multinational firms to delist at a time when the Nairobi bourse has been plagued by lack of fresh listings. “We were not involved in the amendments,” an NSE director who requested anonymity told the Business Daily. “The 90 percent threshold was meant to ensure that nearly all shareholders are in agreement in takeover deals.” The law change was sponsored by Aden Duale, the Majority Leader at the National Assembly, suggesting that it had the backing of the government.SOMETHING VERY VERY WRONG WITH THIS GOVERNMENT There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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littledove wrote:https://www.businessdailyafrica.com/news/A-third-of-NSE-firms-risk-hostile-buyout/539546-5328746-63smi8z/index.htmlAt least 20 or a third of the companies listed on the Nairobi Securities Exchange (NSE) risk forceful takeover by their majority shareholders - which in turn could lead to their delisting from the bourse - following changes to the law that now make it easier for top owners to compulsorily acquire minority investors. The Statute Law (Miscellaneous Amendments) Act No. 12 of 2019 now allows shareholders with a 50 percent stake to make compulsory acquisitions of shares held by the remaining investors. The takeover threshold previously stood at 90 percent, a level that made it difficult for top shareholders of Unga Group and logistics firm Express Kenya to forcibly buy out minority investors. As a result, they were unable to delist the firms. The drastic law change caught many stakeholders by surprise with NSE fretful that this could egg on multinational firms to delist at a time when the Nairobi bourse has been plagued by lack of fresh listings. “We were not involved in the amendments,” an NSE director who requested anonymity told the Business Daily. “The 90 percent threshold was meant to ensure that nearly all shareholders are in agreement in takeover deals.” The law change was sponsored by Aden Duale, the Majority Leader at the National Assembly, suggesting that it had the backing of the government.SOMETHING VERY VERY WRONG WITH THIS GOVERNMENT This government is running a sustained campaign to kill local enterprise. Life is short. Live passionately.
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Rank: Elder Joined: 12/4/2009 Posts: 10,639 Location: NAIROBI
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sparkly wrote:littledove wrote:https://www.businessdailyafrica.com/news/A-third-of-NSE-firms-risk-hostile-buyout/539546-5328746-63smi8z/index.htmlAt least 20 or a third of the companies listed on the Nairobi Securities Exchange (NSE) risk forceful takeover by their majority shareholders - which in turn could lead to their delisting from the bourse - following changes to the law that now make it easier for top owners to compulsorily acquire minority investors. The Statute Law (Miscellaneous Amendments) Act No. 12 of 2019 now allows shareholders with a 50 percent stake to make compulsory acquisitions of shares held by the remaining investors. The takeover threshold previously stood at 90 percent, a level that made it difficult for top shareholders of Unga Group and logistics firm Express Kenya to forcibly buy out minority investors. As a result, they were unable to delist the firms. The drastic law change caught many stakeholders by surprise with NSE fretful that this could egg on multinational firms to delist at a time when the Nairobi bourse has been plagued by lack of fresh listings. “We were not involved in the amendments,” an NSE director who requested anonymity told the Business Daily. “The 90 percent threshold was meant to ensure that nearly all shareholders are in agreement in takeover deals.” The law change was sponsored by Aden Duale, the Majority Leader at the National Assembly, suggesting that it had the backing of the government.SOMETHING VERY VERY WRONG WITH THIS GOVERNMENT This government is running a sustained campaign to kill local enterprise. Manifesto ndio hiyo Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 7/21/2010 Posts: 6,175 Location: nairobi
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This topic is becoming relevant.one bank has hit 10% with the others on steroids "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Member Joined: 1/18/2019 Posts: 185 Location: kenya
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Rank: Elder Joined: 9/23/2010 Posts: 2,218 Location: Sundowner,Amboseli
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Sufficiently Philanga....thropic wrote:Following the Prseident's refusal to sign the Finance bill until the rate cap is done away with, September 2019's 10 year low of 2420 will be the floor..... This will hold into next year @SufficientlyP
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Rank: Elder Joined: 12/4/2009 Posts: 10,639 Location: NAIROBI
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nairobby wrote:NSE is back baby! Be careful Recession coming in 2020. Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 9/23/2010 Posts: 2,218 Location: Sundowner,Amboseli
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Rank: Elder Joined: 9/23/2010 Posts: 2,218 Location: Sundowner,Amboseli
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Co-op bank rallying hard! HAFR, the monkey, sitting at the table with the big boys.Wonders these @SufficientlyP
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