Wazua
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Madness at the NSE
Rank: Elder Joined: 9/23/2010 Posts: 2,220 Location: Sundowner,Amboseli
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lochaz-index wrote:Sufficiently Philanga....thropic wrote: The great unwind. The entire bull charge from 2003 wiped out. I wonder how many retail investors still remain in the market having peaked with the safaricom IPO...drop in numbers should be highly correlated to the bear run. The carnage today especially on the bank stocks was unrelenting KCB's 40% PAT shave having re-energised the bears. Was expecting a sub 1700 today but we are only down 12.81 points to 1738. PPT did indeed show up late to stem further rout towards market close. @SufficientlyP
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Rank: Member Joined: 11/21/2018 Posts: 564 Location: Britain
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Sufficiently Philanga....thropic wrote:lochaz-index wrote:Sufficiently Philanga....thropic wrote: The great unwind. The entire bull charge from 2003 wiped out. I wonder how many retail investors still remain in the market having peaked with the safaricom IPO...drop in numbers should be highly correlated to the bear run. The carnage today especially on the bank stocks was unrelenting KCB's 40% PAT shave having re-energised the bears. Was expecting a sub 1700 today but we are only down 12.81 points to 1738. PPT did indeed show up late to stem further rout towards market close. There is a young generation of investors which has never understood why ailments like diabetes and High Blood Pressure are referred to as the richman's diseases. Any investor in the NSE who has not currently suffered from any stress-related ailments should count themselves extremely lucky.
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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https://www.theeastafric...le-stock-market-2219156
Kenya being sidelined Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 12/1/2007 Posts: 539 Location: Nakuru
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“Kenya, which runs the largest stock market in the region in terms of market capitalisation and number of listed companies pulled out of the project in 2015 after expressing dissatisfaction on how the Pakistan firm was awarded the contracting citing procurement irregularities.“ Ni sisi tulijitoa For investors as a whole, returns decrease as motion increases ~ WB
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Rank: Member Joined: 11/21/2018 Posts: 564 Location: Britain
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winmak wrote:“Kenya, which runs the largest stock market in the region in terms of market capitalisation and number of listed companies pulled out of the project in 2015 after expressing dissatisfaction on how the Pakistan firm was awarded the contracting citing procurement irregularities.“
Ni sisi tulijitoa The reasons cited are as stupid as stupidity itself. The masters of corruption complaining about matters procurement. The height of irony.
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Rank: Chief Joined: 1/3/2007 Posts: 18,098 Location: Nairobi
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Queen wrote:winmak wrote:“Kenya, which runs the largest stock market in the region in terms of market capitalisation and number of listed companies pulled out of the project in 2015 after expressing dissatisfaction on how the Pakistan firm was awarded the contracting citing procurement irregularities.“
Ni sisi tulijitoa The reasons cited are as stupid as stupidity itself. The masters of corruption complaining about matters procurement. The height of irony. Was it "Kenya" that objected or the NSE? 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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VituVingiSana wrote:Queen wrote:winmak wrote:“Kenya, which runs the largest stock market in the region in terms of market capitalisation and number of listed companies pulled out of the project in 2015 after expressing dissatisfaction on how the Pakistan firm was awarded the contracting citing procurement irregularities.“
Ni sisi tulijitoa The reasons cited are as stupid as stupidity itself. The masters of corruption complaining about matters procurement. The height of irony. Was it "Kenya" that objected or the NSE? Corrupt kenyan individuals domiciled at NSE.
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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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Queen wrote:Sufficiently Philanga....thropic wrote:lochaz-index wrote:Sufficiently Philanga....thropic wrote: The great unwind. The entire bull charge from 2003 wiped out. I wonder how many retail investors still remain in the market having peaked with the safaricom IPO...drop in numbers should be highly correlated to the bear run. The carnage today especially on the bank stocks was unrelenting KCB's 40% PAT shave having re-energised the bears. Was expecting a sub 1700 today but we are only down 12.81 points to 1738. PPT did indeed show up late to stem further rout towards market close. There is a young generation of investors which has never understood why ailments like diabetes and High Blood Pressure are referred to as the richman's diseases. Any investor in the NSE who has not currently suffered from any stress-related ailments should count themselves extremely lucky.  Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: New-farer Joined: 6/5/2019 Posts: 19
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Any idea on Gitogo's sale of 11 million cic shares? https://www.businessdail...3SXaud6M_NWxuPS-S9gu-5YI
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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[quote=Esstiko]Any idea on Gitogo's sale of 11 million cic shares? https://www.businessdail...SXaud6M_NWxuPS-S9gu-5YI[/quote] He left the company. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 11/13/2015 Posts: 1,590
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Wueh, the cricket silence in the market. I bought some counters last week and found out I was the only one buying. Same thing yesterday and today. I feel so lonely. Guys come back to the market.
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Rank: Member Joined: 3/8/2018 Posts: 507 Location: Nairobi
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wukan wrote:Wueh, the cricket silence in the market. I bought some counters last week and found out I was the only one buying. Same thing yesterday and today. I feel so lonely. Guys come back to the market. Depressed market Low investor sentiment Shilling flirting with sudden devaluation Political class focused on BBI NSE is a reflection of the economy.
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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rwitre wrote:wukan wrote:Wueh, the cricket silence in the market. I bought some counters last week and found out I was the only one buying. Same thing yesterday and today. I feel so lonely. Guys come back to the market. Depressed market Low investor sentiment Shilling flirting with sudden devaluation Political class focused on BBI NSE is a reflection of the economy. Second wave corona virus delaying recovery. Seems after we are done with COVID-19 it will be 2022 elections campaign top gear Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 11/21/2018 Posts: 564 Location: Britain
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Ericsson wrote:rwitre wrote:wukan wrote:Wueh, the cricket silence in the market. I bought some counters last week and found out I was the only one buying. Same thing yesterday and today. I feel so lonely. Guys come back to the market. Depressed market Low investor sentiment Shilling flirting with sudden devaluation Political class focused on BBI NSE is a reflection of the economy. Second wave corona virus delaying recovery. Seems after we are done with COVID-19 it will be 2022 elections campaign top gear In other words, no reprieve any time soon.
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Rank: Member Joined: 6/15/2013 Posts: 301
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Ericsson wrote:rwitre wrote:wukan wrote:Wueh, the cricket silence in the market. I bought some counters last week and found out I was the only one buying. Same thing yesterday and today. I feel so lonely. Guys come back to the market. Depressed market Low investor sentiment Shilling flirting with sudden devaluation Political class focused on BBI NSE is a reflection of the economy. Second wave corona virus delaying recovery. Seems after we are done with COVID-19 it will be 2022 elections campaign top gear Strategy in NSE now should be accumulation with no optimism of significant gains before 2025(or hold for retirement unless the percentage capital gains are too attractive to hold for that long and those gains can be reinvested elsewhere in a strong undervalued counter)
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Rank: Member Joined: 7/6/2018 Posts: 175 Location: Kinshasa
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BD: "Foreign investors pull KES 1B from NSE pn Covid-19 jitters" https://www.businessdail...covid-19-jitters-2732146If it don't make dollars, it don't make sense
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Rank: Veteran Joined: 11/13/2015 Posts: 1,590
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Institutional investors also ditched NSE Quote:HOW FAR IS JUBILEE IN CUTTING ITS RELIANCE ON EARNINGS FROM THE NAIROBI SECURITIES EXCHANGE (NSE) INVESTMENTS?
We are buying practically no stocks in the stock market. We stopped buying new shares at the NSE three years ago. Where possible, we are ditching stocks.
We are less dependent on the stock market right now. We have taken a similar stand on property investment. Our properties are primarily those for our own needs as opposed to investment purposes. For instance, we have one in Nairobi, Mombasa, Kisumu, Kampala and Burundi but mainly for our office needs. We believe in investments that are good for investors and not just for making a statement. NSE and property investments have condemned many insurers into unstable returns. https://www.businessdail...ter-allianz-deal-2732266
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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[quote=wukan]Institutional investors also ditched NSE Quote:HOW FAR IS JUBILEE IN CUTTING ITS RELIANCE ON EARNINGS FROM THE NAIROBI SECURITIES EXCHANGE (NSE) INVESTMENTS?
We are buying practically no stocks in the stock market. We stopped buying new shares at the NSE three years ago. Where possible, we are ditching stocks.
We are less dependent on the stock market right now. We have taken a similar stand on property investment. Our properties are primarily those for our own needs as opposed to investment purposes. For instance, we have one in Nairobi, Mombasa, Kisumu, Kampala and Burundi but mainly for our office needs. We believe in investments that are good for investors and not just for making a statement. NSE and property investments have condemned many insurers into unstable returns. https://www.businessdail...er-allianz-deal-2732266[/quote] Watalia machozi baadaye Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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Ericsson wrote:[quote=wukan]Institutional investors also ditched NSE Quote:HOW FAR IS JUBILEE IN CUTTING ITS RELIANCE ON EARNINGS FROM THE NAIROBI SECURITIES EXCHANGE (NSE) INVESTMENTS?
We are buying practically no stocks in the stock market. We stopped buying new shares at the NSE three years ago. Where possible, we are ditching stocks.
We are less dependent on the stock market right now. We have taken a similar stand on property investment. Our properties are primarily those for our own needs as opposed to investment purposes. For instance, we have one in Nairobi, Mombasa, Kisumu, Kampala and Burundi but mainly for our office needs. We believe in investments that are good for investors and not just for making a statement. NSE and property investments have condemned many insurers into unstable returns. https://www.businessdail...er-allianz-deal-2732266[/quote] Natalia machozi baadaye Wacha waende. We need to purchase at cheap prices before they come back and drive KCB back to 12PE 😀
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Rank: Chief Joined: 1/3/2007 Posts: 18,098 Location: Nairobi
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Ericsson wrote:[quote=wukan]Institutional investors also ditched NSE Quote:HOW FAR IS JUBILEE IN CUTTING ITS RELIANCE ON EARNINGS FROM THE NAIROBI SECURITIES EXCHANGE (NSE) INVESTMENTS?
We are buying practically no stocks in the stock market. We stopped buying new shares at the NSE three years ago. Where possible, we are ditching stocks.
We are less dependent on the stock market right now. We have taken a similar stand on property investment. Our properties are primarily those for our own needs as opposed to investment purposes. For instance, we have one in Nairobi, Mombasa, Kisumu, Kampala and Burundi but mainly for our office needs. We believe in investments that are good for investors and not just for making a statement. NSE and property investments have condemned many insurers into unstable returns. https://www.businessdail...er-allianz-deal-2732266[/quote] Watalia machozi baadaye Hindsight is 20/20. I wish I had followed their strategy since TanoTena! If not for KK, I would be crying my eyes out! The reality is that most stocks on the NSE are below 2017 prices even if the underlying performance is good. The difference between most of us and Jubilee is they have the ability to deploy a lot of cash into shares when they are ready. In the meantime, they make 6-11% on bonds with little risk. Also $ investments which the KES keeps on depreciating. It's already flirting with 110. Jubilee isn't perfect but it is the best performing insurance firm on the NSE. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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