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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: 1,997 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: 10,778 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: 13,761 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
COOP 255,000 ABP 15.85; IMH 5,000 ABP 35.55; KQ 604,200 ABP 6.96; MTN 23,800 ABP 5.20
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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: 11,920
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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: 1,997 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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Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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When was bonus shares expected to be credited to cds? Towards the goal of financial freedom
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Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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Ebenyo wrote:When was bonus shares expected to be credited to cds? 3 months later i havent seen the bonus shares in my cds. Towards the goal of financial freedom
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Rank: Member Joined: 3/9/2010 Posts: 320 Location: kenya
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Ebenyo wrote:Ebenyo wrote:When was bonus shares expected to be credited to cds? 3 months later i havent seen the bonus shares in my cds. On 15-12-2020 Work hard at your job and you can make a living. Work hard on yourself and you can make a fortune.
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Rank: Member Joined: 3/9/2010 Posts: 320 Location: kenya
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cyruskulei wrote:Ebenyo wrote:Ebenyo wrote:When was bonus shares expected to be credited to cds? 3 months later i havent seen the bonus shares in my cds. On 15-12-2020 This announcement was made on DN. Anyone who has got?  Work hard at your job and you can make a living. Work hard on yourself and you can make a fortune.
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Rank: Member Joined: 7/6/2018 Posts: 175 Location: Kinshasa
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cyruskulei wrote:cyruskulei wrote:Ebenyo wrote:Ebenyo wrote:When was bonus shares expected to be credited to cds? 3 months later i havent seen the bonus shares in my cds. On 15-12-2020 This announcement was made on DN. Anyone who has got? Mine was updated today. If it don't make dollars, it don't make sense
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Rank: New-farer Joined: 2/27/2018 Posts: 56 Location: Cambrian Dc
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Anyone with an idea as to when these guys will release their results? If the radiance of a thousand suns were to burst at once into the sky that would be like the splendour of the mighty one.
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Rank: Elder Joined: 12/4/2009 Posts: 10,778 Location: NAIROBI
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VyaBureSiachi wrote:Anyone with an idea as to when these guys will release their results? Give them till end month. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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VyaBureSiachi wrote:Anyone with an idea as to when these guys will release their results? Don't expect anything.They already announced shares buy back.That means results will not be good. Towards the goal of financial freedom
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Rank: Chief Joined: 1/3/2007 Posts: 18,211 Location: Nairobi
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Ebenyo wrote:VyaBureSiachi wrote:Anyone with an idea as to when these guys will release their results? Don't expect anything.They already announced shares buy back.That means results will not be good. Nonsense. I do not know what NMG's results will be but using your poor logic, Apple and Berkshire which have share buyback programs in place for 2-3 years should have announced poor results. Have you seen Apple's results since 2018? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 12/1/2007 Posts: 539 Location: Nakuru
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VituVingiSana wrote:Ebenyo wrote:VyaBureSiachi wrote:Anyone with an idea as to when these guys will release their results? Don't expect anything.They already announced shares buy back.That means results will not be good. Nonsense. I do not know what NMG's results will be but using your poor logic, Apple and Berkshire which have share buyback programs in place for 2-3 years should have announced poor results. Have you seen Apple's results since 2018? Language yawa.... For investors as a whole, returns decrease as motion increases ~ WB
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