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Banks & Rights issues
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guru267
#11 Posted : Monday, August 02, 2010 5:32:21 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
cnn wrote:
@horton and stocksmaster,i am in agreement.I saw the potential in this counter immediately they announced first quarter results and got in at 200.I felt having come up 31% net of commissions at 270 i could as well take profits of half the shares ,that way any downward risk if any will not be a concern.I will hold the other half to the rights announcement.

@cnn isn't it a bit too early to sell HALF... I mean considering u've made the money so fast and the down side risk is low... I think you should stay put for a bit longer... Think about this.. Fund managers are raiding the counter at 270 meaning it still has value in it right!?
Mark 12:29
Deuteronomy 4:16
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kyt
#12 Posted : Monday, August 02, 2010 6:10:48 PM
Rank: Elder

Joined: 11/7/2007
Posts: 2,182
i got in at 202 on average and i was complaining it was too HIGH LOL
LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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cnn
#13 Posted : Monday, August 02, 2010 6:29:56 PM
Rank: Veteran

Joined: 6/17/2009
Posts: 1,627
@guru,we all have our different ways,the half is already gone today,i will live with what i got.If in my view there are counters i see more upward traction than SCBK,why not put my money there.
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Horton
#14 Posted : Thursday, August 05, 2010 8:55:05 AM
Rank: Veteran

Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
These guys should be announcing today I believe as they did last year
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stocksmaster
#15 Posted : Thursday, August 05, 2010 10:23:12 AM
Rank: Member

Joined: 9/26/2006
Posts: 463
Location: CENTRAL PROVINCE
@ Horton:
True, the Mother company announced yesterday and they usually announce either on the same day or one day after.

Happy hunting
x handle: @stocksmaster79
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  | | Edit by user: Thursday, August 05, 2010 10:50 AM | Reason: grammatical
mycool
#16 Posted : Thursday, August 05, 2010 10:46:44 AM
Rank: Member

Joined: 4/30/2007
Posts: 92
Can one participate in the rights issue with a share certificate?Not yet immobilized n am told it may take a while.
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VituVingiSana
#17 Posted : Thursday, August 05, 2010 10:49:35 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
mycool wrote:
Can one participate in the rights issue with a share certificate?Not yet immobilized n am told it may take a while.
Yes
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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mycool
#18 Posted : Thursday, August 05, 2010 11:20:22 AM
Rank: Member

Joined: 4/30/2007
Posts: 92
@VituVingiSana,passed the same question to my broker n says i have to immobilize.Please lemme know how i can do it.
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youcan'tstopusnow
#19 Posted : Thursday, August 05, 2010 11:47:45 AM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
4 posts in 4 years? A post for every year...
GOD BLESS YOUR LIFE
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Horton
#20 Posted : Thursday, August 05, 2010 1:17:41 PM
Rank: Veteran

Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
mycool wrote:
@VituVingiSana,passed the same question to my broker n says i have to immobilize.Please lemme know how i can do it.


1.get a new broker
2. Buy the allocated number of shares as per the allotment letter u will receive by post from Stanchart

N dude where u been all these years?
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