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VituVingiSana
#1131 Posted : Wednesday, February 22, 2017 3:25:53 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,441
Location: Nairobi
obiero wrote:
hisah wrote:
Closed at all time low at KES 1.00

Will this be the first stock to trade below parity at NSE? d'oh!

Technically speaking, the stock is already at zero worth, so any price drop is irrelevant. Though ideally no stock can trade in cents territory

Technically speaking, is there any other stock at zero worth? Please help!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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obiero
#1132 Posted : Wednesday, February 22, 2017 4:04:56 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,478
Location: nairobi
VituVingiSana wrote:
obiero wrote:
hisah wrote:
Closed at all time low at KES 1.00

Will this be the first stock to trade below parity at NSE? d'oh!

Technically speaking, the stock is already at zero worth, so any price drop is irrelevant. Though ideally no stock can trade in cents territory

Technically speaking, is there any other stock at zero worth? Please help!

This is the only one I can think of
COOP 306,100 ABP 31.96, KEGN 112,100 ABP 10.64, MTNU 131,000 ABP 10.21
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sparkly
#1133 Posted : Wednesday, February 22, 2017 7:42:23 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
obiero wrote:
VituVingiSana wrote:
obiero wrote:
hisah wrote:
Closed at all time low at KES 1.00

Will this be the first stock to trade below parity at NSE? d'oh!

Technically speaking, the stock is already at zero worth, so any price drop is irrelevant. Though ideally no stock can trade in cents territory

Technically speaking, is there any other stock at zero worth? Please help!

This is the only one I can think of


I know of others in negative equity territory.
Life is short. Live passionately.
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hisah
#1134 Posted : Thursday, February 23, 2017 2:54:14 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Several trades at 95cts with VWAP at 95cts which means the market will likely close at 95cts. Has such a price been recorded at NSE? Trading sub zero cts will be surreal stuff.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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obiero
#1135 Posted : Thursday, February 23, 2017 3:12:34 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,478
Location: nairobi
hisah wrote:
Several trades at 95cts with VWAP at 95cts which means the market will likely close at 95cts. Has such a price been recorded at NSE? Trading sub zero cts will be surreal stuff.

The most honorable thing for the management would have been to ask for delisting.. Then gather the pieces at OTC
COOP 306,100 ABP 31.96, KEGN 112,100 ABP 10.64, MTNU 131,000 ABP 10.21
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hisah
#1136 Posted : Friday, February 24, 2017 6:44:32 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
obiero wrote:
hisah wrote:
Several trades at 95cts with VWAP at 95cts which means the market will likely close at 95cts. Has such a price been recorded at NSE? Trading sub zero cts will be surreal stuff.

The most honorable thing for the management would have been to ask for delisting.. Then gather the pieces at OTC

I agree that it should be delisted. The market has emphatically voted no confidence with a landslide margin! Closed at 95cts. 100 shares requires KES 95 for the minimum trade rule!!

CMA the market is watching...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Spikes
#1137 Posted : Friday, February 24, 2017 9:03:44 AM
Rank: Elder

Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
hisah wrote:
obiero wrote:
hisah wrote:
Several trades at 95cts with VWAP at 95cts which means the market will likely close at 95cts. Has such a price been recorded at NSE? Trading sub zero cts will be surreal stuff.

The most honorable thing for the management would have been to ask for delisting.. Then gather the pieces at OTC

I agree that it should be delisted. The market has emphatically voted no confidence with a landslide margin! Closed at 95cts. 100 shares requires KES 95 for the minimum trade rule!!

CMA the market is watching...

No need of delisting. Let the market control itself. Zero is the limit!
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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hisah
#1138 Posted : Wednesday, March 01, 2017 3:00:08 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
VWAP will close today @90cts.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Angelica _ann
#1139 Posted : Wednesday, March 01, 2017 3:04:06 PM
Rank: Elder

Joined: 12/7/2012
Posts: 11,941
hisah wrote:
VWAP will close today @90cts.

Saw that today and i was like ... for real Pray Pray Pray
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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kaka2za
#1140 Posted : Wednesday, March 01, 2017 4:53:05 PM
Rank: Elder

Joined: 10/3/2008
Posts: 4,058
Location: Gwitu
Angelica _ann wrote:
hisah wrote:
VWAP will close today @90cts.

Saw that today and i was like ... for real Pray Pray Pray


I wonder who is buying and selling this stock!
Truth forever on the scaffold
Wrong forever on the throne
(James Russell Rowell)
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