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SHOULD UCHUMI BE RE-LISTED??? by yaserbigchair
Tommy
#11 Posted : Friday, December 10, 2010 9:48:11 AM
Rank: Veteran

Joined: 12/9/2010
Posts: 894
Location: Nairobi
@Sparkly don't you think 30 will be an over ambition. i however think that at 10 it would be a buy.
Don't wait for the Last Judgment. It happens every day. ~Albert Camus, The Fall, 1956
tony stark
#12 Posted : Friday, December 10, 2010 9:50:05 AM
Rank: Veteran

Joined: 7/8/2008
Posts: 947
sparkly wrote:
qw25041985 wrote:
Yet again Uchumi is a BUY in our improving economy...

@qw what do you think is the fair price for uchumi. If it relisted today at 10/- that might be a buy, but i doubt 30/- would be a buy.

Ati 30/- Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly
How???
simonkabz
#13 Posted : Friday, December 10, 2010 9:56:37 AM
Rank: Elder

Joined: 3/2/2007
Posts: 8,776
Location: Cameroon
Meaning that guys will be trading on liabilities. Heck I can even offer my loans 4sale, any buyer out there? If relisted, wanjiku might burn fingers again. They should get their act 2getha first.
TULIA.........UFUNZWE!
2012
#14 Posted : Friday, December 10, 2010 9:59:15 AM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
I would buy at 5 or 6bob
By the way, did you have to add 'by yaserbigchair' in the title?Laughing out loudly

BBI will solve it
:)
VituVingiSana
#15 Posted : Friday, December 10, 2010 10:11:49 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
Buyer Beware... If you know Uchumi is in trouble then only buy if you are willing to risk it... So saying wanjiku will be conned means either wanjiku is stupid OR wanjiku should not be investing in shares...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
tony stark
#16 Posted : Friday, December 10, 2010 10:15:10 AM
Rank: Veteran

Joined: 7/8/2008
Posts: 947
I am not sure what the relisting requirement are. In my few years of trading i have not seen a relisting happen.
Uchumi has too much debt to suppliers etc, it has a huge debenture. They do not have a clear strategy on their way forward and you can only bank on patriotism for so long! I think it will be a penny stock like neveready where most people lose money and some people make money trading on its fluctuations and it will stay that way for a long time.
simonkabz
#17 Posted : Friday, December 10, 2010 11:43:35 AM
Rank: Elder

Joined: 3/2/2007
Posts: 8,776
Location: Cameroon
@vvs, im surprised u think everyone in the NSE is as informed as u. There r guys buying eveready innocently hoping to make a killing soon enuff. Its such unsuspecting pple these rules aim to protect.
TULIA.........UFUNZWE!
VituVingiSana
#18 Posted : Friday, December 10, 2010 12:41:16 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
simonkabz wrote:
@vvs, im surprised u think everyone in the NSE is as informed as u. There r guys buying eveready innocently hoping to make a killing soon enuff. Its such unsuspecting pple these rules aim to protect.
Caveat Emptor except for outright fraud...
This is not about complex calculations... Simple stuff... Wanjiku buys land, cars, etc!
If the 'innocent' Wanjiku is buying Eveready to make a 'killing' [your words] Shauri yake!!!! High Risk, High Return...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
bwenyenye
#19 Posted : Friday, December 10, 2010 1:02:44 PM
Rank: Elder

Joined: 5/24/2007
Posts: 1,805
Wanjiku is not an investor. We are gamblers.
I Think Therefore I Am
VituVingiSana
#20 Posted : Friday, December 10, 2010 1:09:51 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
There is nothing 'innocent' [stupid, yes. idiotic, yes. risky, yes. gambling, yes.] about wanting to make a killing!!!

As @bweyenye says... gambling is not investing!

Now I am waiting for some idiot to tell me that those sms gambling crap [zawadi 2929, etc] are luring the innocent... It lures in idiots... Says 60/- per sms!!! Ngai fafa!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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