VituVingiSana wrote:Tanzania is bure kabisa. I went there (DSE) & they would rather stay without biashara then have Kenyans.
I wanted to buy shares in a Bank but the price was too high using any metric. There was potential but only if you could buy at a lower price.
Offers at MAX (e.g. 11/-) price. Plenty of Offers.
ZERO bids on the Board. NADA. SUFURI.
I told the broker to bid at 10% less (9/-) which was the minimum. Even at 9/- it was too expensive so I bid for only 1,000 shares. I was willing to buy many more at 8/- or so.
Broker refused to bid... Told me ati, it is 'manipulation'... I said BULLSHIT... There are NO bids... If they want to sell they will sell... kwani? I am forcing them to sell?
Ultimately, I walked out... and I have NEVER looked at the lousy DSE again!
BTW, you can only buy certain shares... Kenyans can't buy TBL, BAT (T), etc...
Some time later, the price of the shares of the Bank I wanted to buy dropped like a rock... BURE KABISA...
@VVS
Correct me if am wrong, am beginning to suspect VituVingiSana is your investment model based on the economics law of averages; on average the only way is up... just wondering... apart from Merali is there anywhere u don't venture.... and on average are the rewards above 20%? Same model Alibaba uses? Talking of whom, anyone know where he is?