wazua Mon, Mar 23, 2026
Welcome Guest Search | Active Topics | Log In

3 Pages<123>
Liquidity on NSE - How to boost Liquidity
Options
Previous Topic · Next Topic
mukiha
#11 Posted : Friday, February 05, 2010 7:50:28 AM
Rank: Elder

Joined: 6/27/2008
Posts: 4,114
This reminds me so much of KQ in the 90s. Some fellows even went to court to try and force the GoK to buy back the shares! Remember; it was the largest IPO of the 90s

But SCOM is in quite a different league. 40b shares and 800k holders are not few! The mop up is going to take a while and no wonder the directors have been going on investor roadshows in world capitals.

The share price of SCOM is also a PR concern for the company
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
Back to top
  |
Wa_ithaka
#12 Posted : Friday, February 05, 2010 7:59:29 AM
Rank: Veteran

Joined: 1/7/2010
Posts: 1,279
Location: nbi
VVs- apologies but this is BS. How does having more shares (number) increase liquidity if its just the same number of people trading?
The real underlying issue is that during its bull period, the NSE slaughetered the calf allowing corrupt practices to overwhelm trading.
It doesn't matter if all the shares are trading at Ksh2 if the majority of the investors fear getting caught up in a Francis Thuo/Nyaga/Dsicount kind of daylight robbery of their cash.
The Governor of Nyeri - 2017
Back to top
  |
mukiha
#13 Posted : Friday, February 05, 2010 8:10:22 AM
Rank: Elder

Joined: 6/27/2008
Posts: 4,114
@Wa_ithaka; Yes; this is a greater factor than the price issue. Then add the many fingers burnt by SCOM and the complexity gets compounded
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
Back to top
  |
cnn
#14 Posted : Friday, February 05, 2010 10:27:31 AM
Rank: Veteran

Joined: 6/17/2009
Posts: 1,627
..so much for NSE,Ngenye Kariuki goes under receivership.Where is the end in this circus?
Back to top
  |
VituVingiSana
#15 Posted : Friday, February 05, 2010 10:50:38 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
Wa_ithaka wrote:
VVs- apologies but this is BS. How does having more shares (number) increase liquidity if its just the same number of people trading?
The real underlying issue is that during its bull period, the NSE slaughetered the calf allowing corrupt practices to overwhelm trading.
It doesn't matter if all the shares are trading at Ksh2 if the majority of the investors fear getting caught up in a Francis Thuo/Nyaga/Dsicount kind of daylight robbery of their cash.


Wacha upuzi (said with love)... Read the original post... I do indicate the NSE & brokers need to clean up their act...

Now... the rest is pure psychology & human behavior. Is it rational or logical to pay more if I cut the slice into 2 pieces? NO... lakini folks do it all the time!

Add the flat brokerage rates I propose. That incentivizes trading especially larger trades/volumes...

At 'lower' prices the pool of market participants will increase. Look at Safaricom vs EABL. Part availability of funds. Part human nature.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Back to top
  |
VituVingiSana
#16 Posted : Friday, February 05, 2010 11:11:26 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
cnn wrote:
..so much for NSE,Ngenye Kariuki goes under receivership.Where is the end in this circus?


Of the original 6 brokers...

Shah, Munge - collapsed (Shah had already left at that point to work for Kestrel)
Francis Thuo - collapsed
Nyaga - collapsed (Nyaga had left it in Gakiavih's hands)
Ngenye Kariuki - kaput

Dyer & Blair - Survives
Francis Drummond - Survives (barely I believe)

Lesson (tongue in cheek): Keep your money with a broker that sounds Mzungu!!!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Back to top
  |
Wa_ithaka
#17 Posted : Friday, February 05, 2010 12:18:14 PM
Rank: Veteran

Joined: 1/7/2010
Posts: 1,279
Location: nbi
vvs- you are contradicting yourself, but hey. its friday. Safcom' liquidity also played a part in sinking the NSE
The Governor of Nyeri - 2017
Back to top
  |
VituVingiSana
#18 Posted : Friday, February 05, 2010 12:29:23 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
Wa_ithaka wrote:
vvs- you are contradicting yourself, but hey. its friday. Safcom' liquidity also played a part in sinking the NSE


Nope... it was folks who over-leveraged for safaricom... Folks who had to repay banks panicked!

See MJ interview where they thought safaricom IPO price was set too high by GoK as well
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Back to top
  |
gathinga
#19 Posted : Friday, February 05, 2010 12:57:46 PM
Rank: Veteran

Joined: 11/30/2006
Posts: 635
@vitu. Is it confirmed that Ngenye is kaput?
Back to top
  |
VituVingiSana
#20 Posted : Friday, February 05, 2010 2:38:36 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
gathinga wrote:
@vitu. Is it confirmed that Ngenye is kaput?


6 month mourning period. Reminds me of Discount. Unless someone buys it lakini who wants all the baggage?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Back to top
  |
3 Pages<123>
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Wazua Investor Theme
Powered by YAF | YAF © 2003-2009, Yet Another Forum.NET
Copyright © 2026 Wazua.co.ke. All Rights Reserved.