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KENOL: The selling foreigner
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mv_ufanisi
#1 Posted : Tuesday, August 03, 2010 12:19:16 PM
Rank: Member

Joined: 1/15/2010
Posts: 625
The selling foreigner at KENOL is stopping this bus from taking off. Everyday for about 2 months now - there has beena net sale by foreigners of about 40%-50% on average. With ready supply, the price isn't going anywhere.
If it's one foreigner selling, he/she must have had a huge holding in the stock! Should I be worried? The other buses are already moving.
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qw25041985
#2 Posted : Tuesday, August 03, 2010 12:29:00 PM
Rank: User

Joined: 5/9/2010
Posts: 1,418
Location: Nai
@mv. Make you life simple. What ar' the fundermentals of Everready ?? Do u see growth ahead. Coz i dnt. Sell your holding and buy growth orientd stocks. Mumias sugar comes up fast ...
Your future depends on your dreams so go to sleep !
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the deal
#3 Posted : Tuesday, August 03, 2010 12:54:44 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
HAHAHAHA SELL THE LOSERS....LET THE WINNERS RUUUN....
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mv_ufanisi
#4 Posted : Tuesday, August 03, 2010 12:54:44 PM
Rank: Member

Joined: 1/15/2010
Posts: 625
qw25041985 wrote:
@mv. Make you life simple. What ar' the fundermentals of Everready ?? Do u see growth ahead. Coz i dnt. Sell your holding and buy growth orientd stocks. Mumias sugar comes up fast ...


@qw Thanks for the advice. I will get out after referendum. KENOL stock has been throwing me off balance too many times with all the drama.
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VituVingiSana
#5 Posted : Tuesday, August 03, 2010 12:59:45 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
@mv - Buy value... If there is value... it will show up in the future!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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mv_ufanisi
#6 Posted : Tuesday, August 03, 2010 1:05:43 PM
Rank: Member

Joined: 1/15/2010
Posts: 625
VituVingiSana wrote:
@mv - Buy value... If there is value... it will show up in the future!


I've actually already profited from this baby. The problem is the opportunity cost of holding on this one while the rest of the buses are moving. It's hard to overcome KPRL issues, Court Issues, MoE issues while the foreigners are selling the stock everyday.
Today alone they've sold 60% of about 20million. Who knows how much more they want to sell?
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the deal
#7 Posted : Tuesday, August 03, 2010 1:06:54 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
@mv instead of selling...buy more from the Foreigner...nxt tym u will hear me saying lets buy KK....theres value here...this thing is a multinational....but for Now let the Winners Run maaan pole pole.....
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subaru
#8 Posted : Tuesday, August 03, 2010 1:11:04 PM
Rank: Member

Joined: 3/15/2010
Posts: 391
Location: nairobie
a foreigner is selling large chunks may be there is smoke
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mv_ufanisi
#9 Posted : Tuesday, August 03, 2010 1:17:03 PM
Rank: Member

Joined: 1/15/2010
Posts: 625
subaru wrote:
a foreigner is selling large chunks may be there is smoke


Annoying foreigner should have negotiated a deal to sell to a large buyer in a large chunk and spared us the over supply by selling on the open market.

Anyhow I can always get out of the counter as well.
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Gatheuzi
#10 Posted : Tuesday, August 03, 2010 1:18:49 PM
Rank: Veteran

Joined: 8/16/2009
Posts: 994
KK will eventually have its day. It may not be today or tommorrow but once the KPRL issue is settled, this kid will rock. Last time I checked it was trading below its NAV.

If my buses keep moving at the current speed, I will take some of the profits n u guessed me right... get into KK.
Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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