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NMG FY 2018 and Beyond
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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sparkly wrote:Ericsson wrote:sparkly wrote:Ericsson wrote:Queen wrote:[quote=Sufficiently Philanga....thropic] The capital erosion here is mind boggling. Never seen a stock nosedive at such an alarming rate. bids now at 8.50  .....and to imagine that this stock was once referred to as a blue-chip, unbelievable. It's still a constituent of the NSE 20 share index Standard Group Market Cap 2.04B, NMG Market Cap 1.70B. Standard group issued shares is 81.7mn 81.7 mn × 24 = 2.04B[/quote 81.7mn*25=2.04bn Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 8/6/2018 Posts: 299
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Ebenyo wrote:sparkly wrote:Ericsson wrote:[quote=sparkly][quote=Ericsson][quote=Queen][quote=Sufficiently Philanga....thropic] The capital erosion here is mind boggling. Never seen a stock nosedive at such an alarming rate. bids now at 8.50 .....and to imagine that this stock was once referred to as a blue-chip, unbelievable. I have seen fire here.From an ABP of 110 I have tried to average down slowly and now I'm at 58.Will try to average further with intention to exit. Waaa! All the best kaka. Averaging down is now the Optimal Feasible Solution in your Linear Programming Problem
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Rank: Elder Joined: 12/7/2012 Posts: 11,935
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KaunganaDoDo wrote:Ebenyo wrote:sparkly wrote:Ericsson wrote:[quote=sparkly][quote=Ericsson][quote=Queen][quote=Sufficiently Philanga....thropic] The capital erosion here is mind boggling. Never seen a stock nosedive at such an alarming rate. bids now at 8.50 .....and to imagine that this stock was once referred to as a blue-chip, unbelievable. I have seen fire here.From an ABP of 110 I have tried to average down slowly and now I'm at 58.Will try to average further with intention to exit. Waaa! All the best kaka. Averaging down is now the Optimal Feasible Solution in your Linear Programming Problem This just keeps draining your cash which can be used better elsewhere. Thought KQ and MSC (among others) was a good lesson on averaging down. 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: Member Joined: 3/8/2018 Posts: 507 Location: Nairobi
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Angelica _ann wrote:KaunganaDoDo wrote:Ebenyo wrote:sparkly wrote:Ericsson wrote:[quote=sparkly][quote=Ericsson][quote=Queen][quote=Sufficiently Philanga....thropic] The capital erosion here is mind boggling. Never seen a stock nosedive at such an alarming rate. bids now at 8.50 .....and to imagine that this stock was once referred to as a blue-chip, unbelievable. I have seen fire here.From an ABP of 110 I have tried to average down slowly and now I'm at 58.Will try to average further with intention to exit. Waaa! All the best kaka. Averaging down is now the Optimal Feasible Solution in your Linear Programming Problem This just keeps draining your cash which can be used better elsewhere. Thought KQ and MSC (among others) was a good lesson on averaging down. This counter has been extremely oversold. Spooked sellers and few buyers. While we agree that revenues have been decreasing, NMG is not the monkey that the stock market is trying to make it seem.
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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rwitre wrote:Angelica _ann wrote:KaunganaDoDo wrote:Ebenyo wrote:sparkly wrote:Ericsson wrote:[quote=sparkly][quote=Ericsson][quote=Queen][quote=Sufficiently Philanga....thropic] The capital erosion here is mind boggling. Never seen a stock nosedive at such an alarming rate. bids now at 8.50 .....and to imagine that this stock was once referred to as a blue-chip, unbelievable. I have seen fire here.From an ABP of 110 I have tried to average down slowly and now I'm at 58.Will try to average further with intention to exit. Waaa! All the best kaka. Averaging down is now the Optimal Feasible Solution in your Linear Programming Problem This just keeps draining your cash which can be used better elsewhere. Thought KQ and MSC (among others) was a good lesson on averaging down. This counter has been extremely oversold. Spooked sellers and few buyers. While we agree that revenues have been decreasing, NMG is not the monkey that the stock market is trying to make it seem. Half year results will be out this month. They already issued a profit warning in April. Revenue and profit decline 8 years in a row Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 6/15/2013 Posts: 301
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sparkly wrote:Ericsson wrote:Queen wrote:Sufficiently Philanga....thropic wrote:The capital erosion here is mind boggling. Never seen a stock nosedive at such an alarming rate. bids now at 8.50 .....and to imagine that this stock was once referred to as a blue-chip, unbelievable. It's still a constituent of the NSE 20 share index Standard Group Market Cap 2.04B, NMG Market Cap 1.70B. Why is SGL fairing better in the NSE yet they are in the same field?
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Rank: Member Joined: 11/21/2018 Posts: 564 Location: Britain
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mulla wrote:sparkly wrote:Ericsson wrote:Queen wrote:Sufficiently Philanga....thropic wrote:The capital erosion here is mind boggling. Never seen a stock nosedive at such an alarming rate. bids now at 8.50 .....and to imagine that this stock was once referred to as a blue-chip, unbelievable. It's still a constituent of the NSE 20 share index Standard Group Market Cap 2.04B, NMG Market Cap 1.70B. Why is SGL fairing better in the NSE yet they are in the same field? Conversely, why was NMG always fairing much much better than SGL yet they have always been in the same sector? Therein lies your answer.
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Queen wrote:mulla wrote:sparkly wrote:Ericsson wrote:Queen wrote:Sufficiently Philanga....thropic wrote:The capital erosion here is mind boggling. Never seen a stock nosedive at such an alarming rate. bids now at 8.50 .....and to imagine that this stock was once referred to as a blue-chip, unbelievable. It's still a constituent of the NSE 20 share index Standard Group Market Cap 2.04B, NMG Market Cap 1.70B. Why is SGL fairing better in the NSE yet they are in the same field? Conversely, why was NMG always fairing much much better than SGL yet they have always been in the same sector? Therein lies your answer. Closed at 9.06 today. wtf is happening? Anyone with inside information? Life is short. Live passionately.
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Rank: Veteran Joined: 4/4/2016 Posts: 2,016 Location: Kitale
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sparkly wrote:Queen wrote:mulla wrote:sparkly wrote:Ericsson wrote:Queen wrote:Sufficiently Philanga....thropic wrote:The capital erosion here is mind boggling. Never seen a stock nosedive at such an alarming rate. bids now at 8.50 .....and to imagine that this stock was once referred to as a blue-chip, unbelievable. It's still a constituent of the NSE 20 share index Standard Group Market Cap 2.04B, NMG Market Cap 1.70B. Why is SGL fairing better in the NSE yet they are in the same field? Conversely, why was NMG always fairing much much better than SGL yet they have always been in the same sector? Therein lies your answer. Closed at 9.06 today. wtf is happening? Anyone with inside information? Maybe the market reacted to this news: http://www.google.co.ke/...w28-tCQfIj0ay-uYg50pHBM
Towards the goal of financial freedom
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Rank: Chief Joined: 1/3/2007 Posts: 18,342 Location: Nairobi
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I wish NMG the best. Grew up reading its newspapers and looked forward to the pullouts in the Sunday Nation. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 11/21/2018 Posts: 564 Location: Britain
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sparkly wrote:Queen wrote:mulla wrote:sparkly wrote:Ericsson wrote:Queen wrote:Sufficiently Philanga....thropic wrote:The capital erosion here is mind boggling. Never seen a stock nosedive at such an alarming rate. bids now at 8.50 .....and to imagine that this stock was once referred to as a blue-chip, unbelievable. It's still a constituent of the NSE 20 share index Standard Group Market Cap 2.04B, NMG Market Cap 1.70B. Why is SGL fairing better in the NSE yet they are in the same field? Conversely, why was NMG always fairing much much better than SGL yet they have always been in the same sector? Therein lies your answer. Closed at 9.06 today. wtf is happening? Anyone with inside information? Quite devastating. This stock now reminds me of KQ which I once saw trading at 136/= per share.
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Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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Sufficiently Philanga....thropic wrote:The capital erosion here is mind boggling. Never seen a stock nosedive at such an alarming rate. bids now at 8.50 Whoa! Are they still paying dividends? This share raced down past SGL and is now trading at almost a third of it. If the market is a discounting mechanism, then there is something horrendously wrong with this one. The collapse is eerily reminiscent of ARM. Hell of a beating. The main purpose of the stock market is to make fools of as many people as possible.
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Rank: Member Joined: 12/22/2015 Posts: 224 Location: Mombasa, Kenya
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lochaz-index wrote:Sufficiently Philanga....thropic wrote:The capital erosion here is mind boggling. Never seen a stock nosedive at such an alarming rate. bids now at 8.50 Whoa! Are they still paying dividends? This share raced down past SGL and is now trading at almost a third of it. If the market is a discounting mechanism, then there is something horrendously wrong with this one. The collapse is eerily reminiscent of ARM. Hell of a beating. NMG is in a sharp bounce. Will it sustain? HY results loading Start!
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Rank: Veteran Joined: 4/4/2016 Posts: 2,016 Location: Kitale
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Metch wrote:lochaz-index wrote:Sufficiently Philanga....thropic wrote:The capital erosion here is mind boggling. Never seen a stock nosedive at such an alarming rate. bids now at 8.50 Whoa! Are they still paying dividends? This share raced down past SGL and is now trading at almost a third of it. If the market is a discounting mechanism, then there is something horrendously wrong with this one. The collapse is eerily reminiscent of ARM. Hell of a beating. NMG is in a sharp bounce. Will it sustain? HY results loading Any good news or is it just speculation? Towards the goal of financial freedom
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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Ebenyo wrote:Metch wrote:lochaz-index wrote:Sufficiently Philanga....thropic wrote:The capital erosion here is mind boggling. Never seen a stock nosedive at such an alarming rate. bids now at 8.50 Whoa! Are they still paying dividends? This share raced down past SGL and is now trading at almost a third of it. If the market is a discounting mechanism, then there is something horrendously wrong with this one. The collapse is eerily reminiscent of ARM. Hell of a beating. NMG is in a sharp bounce. Will it sustain? HY results loading Any good news or is it just speculation? HY loss before tax at Ksh.328mn Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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