Wazua
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Madness at the NSE
Rank: Veteran Joined: 7/1/2014 Posts: 903 Location: sky
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even with peaceful conclusion of election the rally lasted only for two days supported by only few counters with very weak demand, what is happening? 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: 6/23/2009 Posts: 13,501 Location: nairobi
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littledove wrote:even with peaceful conclusion of election the rally lasted only for two days supported by only few counters with
very weak demand, what is happening? The market is a living thing, it has a heart, ears, eyes too
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 6/23/2009 Posts: 13,501 Location: nairobi
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littledove wrote:even with peaceful conclusion of election the rally lasted only for two days supported by only few counters with
very weak demand, what is happening? The market is a living thing, it has a heart, ears, eyes too
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 9/23/2010 Posts: 2,220 Location: Sundowner,Amboseli
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littledove wrote:even with peaceful conclusion of election the rally lasted only for two days supported by only few counters with
very weak demand, what is happening? Nothing is happening only that the incoming leader's past history does not inspire any confidence. The road ahead will be long and hard akin to the Moi years. Promotion to the highest level of incompetence is what elections in KE, and i guess the rest of Africa, is all about. Look at the crooks the masses have taken to parliament! The stock market is a sophisticated market(not a fish market) and only works and flourishes where the Formal sector, and not the Informal sector thrives. @SufficientlyP
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Rank: Member Joined: 6/26/2008 Posts: 384
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A certain politician (I won't Name Names is stocking up on KPLC. Not that I trust politicians so much but I can't help but feel something is up. Is there a reason why politicians are buying this 'dead' stock?
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Rank: New-farer Joined: 8/1/2019 Posts: 86
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xtina wrote:A certain politician (I won't Name Names is stocking up on KPLC. Not that I trust politicians so much but I can't help but feel something is up. Is there a reason why politicians are buying this 'dead' stock? I am also confused. I was expecting around a 20% profit then I exit. But with all this noise out here this thing might hit ksh2.00 in a few days. The stock is being hyped so much on fb and twitter streets.
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Rank: Veteran Joined: 6/17/2009 Posts: 1,619
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xtina wrote:A certain politician (I won't Name Names is stocking up on KPLC. Not that I trust politicians so much but I can't help but feel something is up. Is there a reason why politicians are buying this 'dead' stock? One Ndindi Nyoro and i did notice nil supply at the trading maximum limit @ 1.76 for the day.
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Rank: New-farer Joined: 8/1/2019 Posts: 86
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xtina wrote:A certain politician (I won't Name Names is stocking up on KPLC. Not that I trust politicians so much but I can't help but feel something is up. Is there a reason why politicians are buying this 'dead' stock? Maybe he knows something about the FY results due in a few weeks.
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Rank: Elder Joined: 12/4/2009 Posts: 10,678 Location: NAIROBI
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McGill wrote:xtina wrote:A certain politician (I won't Name Names is stocking up on KPLC. Not that I trust politicians so much but I can't help but feel something is up. Is there a reason why politicians are buying this 'dead' stock? Maybe he knows something about the FY results due in a few weeks. One thing is for sure. There will be no dividend declared Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 6/2/2010 Posts: 1,066
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Ericsson wrote:McGill wrote:xtina wrote:A certain politician (I won't Name Names is stocking up on KPLC. Not that I trust politicians so much but I can't help but feel something is up. Is there a reason why politicians are buying this 'dead' stock? Maybe he knows something about the FY results due in a few weeks. One thing is for sure. There will be no dividend declared Yet if they declared just 10cents per share it would cost them only 195 million - peanuts for a company that will probably report more than 5B net profit. Announcing even this puny dividend will go a long way in signalling a change in fortunes to shareholders, which will in turn be great for share price. Surely they can afford 195M - no matter how tight things are.
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Rank: Member Joined: 6/26/2008 Posts: 384
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McGill wrote:xtina wrote:A certain politician (I won't Name Names is stocking up on KPLC. Not that I trust politicians so much but I can't help but feel something is up. Is there a reason why politicians are buying this 'dead' stock? Maybe he knows something about the FY results due in a few weeks. I was thinking it's beyond this. The said politician has been accumulating the stock over the years and has become one of the largest shareholders (though this is only mentioned by the media and may be worth a pinch of salt. I also haven't looked at KPLC recently to see the latest shareholding structure). Is there something we are missing? Why accumulate a 'monkey' stock?
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Rank: Veteran Joined: 6/2/2010 Posts: 1,066
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xtina wrote:McGill wrote:xtina wrote:A certain politician (I won't Name Names is stocking up on KPLC. Not that I trust politicians so much but I can't help but feel something is up. Is there a reason why politicians are buying this 'dead' stock? Maybe he knows something about the FY results due in a few weeks. I was thinking it's beyond this. The said politician has been accumulating the stock over the years and has become one of the largest shareholders (though this is only mentioned by the media and may be worth a pinch of salt. I also haven't looked at KPLC recently to see the latest shareholding structure). Is there something we are missing? Why accumulate a 'monkey' stock? Perhaps he is hoping to engineer a 'Kenyan Gamestop' situation. What better stock that KPLC to try and pull this off.
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Rank: Elder Joined: 6/23/2009 Posts: 13,501 Location: nairobi
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Sufficiently Philanga....thropic wrote:littledove wrote:even with peaceful conclusion of election the rally lasted only for two days supported by only few counters with
very weak demand, what is happening? Nothing is happening only that the incoming leader's past history does not inspire any confidence. The road ahead will be long and hard akin to the Moi years. Promotion to the highest level of incompetence is what elections in KE, and i guess the rest of Africa, is all about. Look at the crooks the masses have taken to parliament! The stock market is a sophisticated market(not a fish market) and only works and flourishes where the Formal sector, and not the Informal sector thrives. The bitter truth
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 12/4/2009 Posts: 10,678 Location: NAIROBI
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My 2 cents wrote:Ericsson wrote:McGill wrote:xtina wrote:A certain politician (I won't Name Names is stocking up on KPLC. Not that I trust politicians so much but I can't help but feel something is up. Is there a reason why politicians are buying this 'dead' stock? Maybe he knows something about the FY results due in a few weeks. One thing is for sure. There will be no dividend declared Yet if they declared just 10cents per share it would cost them only 195 million - peanuts for a company that will probably report more than 5B net profit. Announcing even this puny dividend will go a long way in signalling a change in fortunes to shareholders, which will in turn be great for share price. Surely they can afford 195M - no matter how tight things are. If they are asking for debt moratorium how will they pay dividend Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 5/18/2008 Posts: 796
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xtina wrote:A certain politician (I won't Name Names is stocking up on KPLC. Not that I trust politicians so much but I can't help but feel something is up. Is there a reason why politicians are buying this 'dead' stock? You mean Ndindi Nyoro? It’s not a secret, he admitted it on his social media pages.
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Rank: Veteran Joined: 6/2/2010 Posts: 1,066
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Ericsson wrote:My 2 cents wrote:Ericsson wrote:McGill wrote:xtina wrote:A certain politician (I won't Name Names is stocking up on KPLC. Not that I trust politicians so much but I can't help but feel something is up. Is there a reason why politicians are buying this 'dead' stock? Maybe he knows something about the FY results due in a few weeks. One thing is for sure. There will be no dividend declared Yet if they declared just 10cents per share it would cost them only 195 million - peanuts for a company that will probably report more than 5B net profit. Announcing even this puny dividend will go a long way in signalling a change in fortunes to shareholders, which will in turn be great for share price. Surely they can afford 195M - no matter how tight things are. If they are asking for debt moratorium how will they pay dividend If they excite the share price enough, it may be a good option to raise more equity capital to retire some of the debt.
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Rank: Elder Joined: 12/4/2009 Posts: 10,678 Location: NAIROBI
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My 2 cents wrote:Ericsson wrote:My 2 cents wrote:Ericsson wrote:McGill wrote:xtina wrote:A certain politician (I won't Name Names is stocking up on KPLC. Not that I trust politicians so much but I can't help but feel something is up. Is there a reason why politicians are buying this 'dead' stock? Maybe he knows something about the FY results due in a few weeks. One thing is for sure. There will be no dividend declared Yet if they declared just 10cents per share it would cost them only 195 million - peanuts for a company that will probably report more than 5B net profit. Announcing even this puny dividend will go a long way in signalling a change in fortunes to shareholders, which will in turn be great for share price. Surely they can afford 195M - no matter how tight things are. If they are asking for debt moratorium how will they pay dividend If they excite the share price enough, it may be a good option to raise more equity capital to retire some of the debt. How will they excite the share price? Raise more equity capital you mean a rights issue? A significant reduction of debt will be in the figures of ksh.10 billion plus Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 6/2/2010 Posts: 1,066
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Ericsson wrote:My 2 cents wrote:Ericsson wrote:My 2 cents wrote:Ericsson wrote:McGill wrote:xtina wrote:A certain politician (I won't Name Names is stocking up on KPLC. Not that I trust politicians so much but I can't help but feel something is up. Is there a reason why politicians are buying this 'dead' stock? Maybe he knows something about the FY results due in a few weeks. One thing is for sure. There will be no dividend declared Yet if they declared just 10cents per share it would cost them only 195 million - peanuts for a company that will probably report more than 5B net profit. Announcing even this puny dividend will go a long way in signalling a change in fortunes to shareholders, which will in turn be great for share price. Surely they can afford 195M - no matter how tight things are. If they are asking for debt moratorium how will they pay dividend If they excite the share price enough, it may be a good option to raise more equity capital to retire some of the debt. How will they excite the share price? Raise more equity capital you mean a rights issue? A significant reduction of debt will be in the figures of ksh.10 billion plus By reinstating dividends (costs only 195M for 10 cents per share) alongside other key governance improvement initiatives.
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Rank: Elder Joined: 9/23/2010 Posts: 2,220 Location: Sundowner,Amboseli
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Sufficiently Philanga....thropic wrote:littledove wrote:even with peaceful conclusion of election the rally lasted only for two days supported by only few counters with
very weak demand, what is happening? Nothing is happening only that the incoming leader's past history does not inspire any confidence. The road ahead will be long and hard akin to the Moi years. Promotion to the highest level of incompetence is what elections in KE, and i guess the rest of Africa, is all about. Look at the crooks the masses have taken to parliament! The stock market is a sophisticated market(not a fish market) and only works and flourishes where the Formal sector, and not the Informal sector thrives. Extremely sad to see the Pride of Kenya for the last 2 decades(Safaricom) losing 31% of its value in 100days. Although we can place the currency devaluation, reduction in MTR and the Ethiopian entry as some of the reasons, the biggest reason here is political interference with a view to milking the company to the ground. I just hope it doesn't go the KPLC way, which plunged from KES.15 in 2013 to the current price of KES.1.5 when some people took over the management of the energy sector! Extremely sad!!! @SufficientlyP
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Rank: Member Joined: 9/14/2011 Posts: 834 Location: nairobi
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Sufficiently Philanga....thropic wrote:Sufficiently Philanga....thropic wrote:littledove wrote:even with peaceful conclusion of election the rally lasted only for two days supported by only few counters with
very weak demand, what is happening? Nothing is happening only that the incoming leader's past history does not inspire any confidence. The road ahead will be long and hard akin to the Moi years. Promotion to the highest level of incompetence is what elections in KE, and i guess the rest of Africa, is all about. Look at the crooks the masses have taken to parliament! The stock market is a sophisticated market(not a fish market) and only works and flourishes where the Formal sector, and not the Informal sector thrives. Extremely sad to see the Pride of Kenya for the last 2 decades(Safaricom) losing 31% of its value in 100days. Although we can place the currency devaluation, reduction in MTR and the Ethiopian entry as some of the reasons, the biggest reason here is political interference with a view to milking the company to the ground. I just hope it doesn't go the KPLC way, which plunged from KES.15 in 2013 to the current price of KES.1.5 when some people took over the management of the energy sector! Extremely sad!!! Sad. What happened to those fairy tales that Vodacom calls the shots or have they also eaten enough?
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