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NMG FY 2018 and Beyond
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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Rank: Elder Joined: 6/23/2009 Posts: 14,211 Location: nairobi
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Ericsson wrote: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 Damn
KQ ABP 4.26
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Rank: Member Joined: 12/22/2015 Posts: 224 Location: Mombasa, Kenya
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obiero wrote:Ericsson wrote: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 Damn Monday will be a treat Start!
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Rank: Elder Joined: 12/7/2012 Posts: 11,935
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Metch wrote:obiero wrote:Ericsson wrote: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 Damn Monday will be a treat Current price has factored the bad news. Price likely to hold for now, I don't expect a (sharp) drop from last week. 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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Ericsson wrote: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 Current spot price 18.50 Four weeks ago traded at 9.00 Over 100% gain for some fortunate traders. Nice V-shaped recovery. Still insisting that NMG was massively oversold by panicking investors. It remains undervalued.
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Rank: Veteran Joined: 4/4/2016 Posts: 2,016 Location: Kitale
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rwitre wrote:Ericsson wrote: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 Current spot price 18.50 Four weeks ago traded at 9.00 Over 100% gain for some fortunate traders. Nice V-shaped recovery. Still insisting that NMG was massively oversold by panicking investors. It remains undervalued. For those who entered at 110 like me I think it has been very hard.Many might have panicked sale.But I'm staying put with my abp now being 49 after some buys. Towards the goal of financial freedom
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