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UNGA anyone?
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VituVingiSana
#191 Posted : Wednesday, July 21, 2010 2:25:47 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
sparkly wrote:
cnn wrote:
@wa-ithaka,even if somebody placed a bid with their broker at 13.50,why would the broker go ahead and execute at the higher price there being lower offers.? Well of course apart from his own interests.


A wazuan is trying to up the price ... mukiha, guru, VVS?
Stop being an idiot. Why would I want to pat 13.50 for a stock where sellers abound at 12.75?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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sparkly
#192 Posted : Wednesday, July 21, 2010 2:29:49 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
[/quote]Stop being an idiot. Why would I... [/quote] @vvs tuliza boli, take a joke bwana
Life is short. Live passionately.
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VituVingiSana
#193 Posted : Wednesday, July 21, 2010 2:48:28 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
sparkly wrote:
Stop being an idiot. Why would I... [/quote] @vvs tuliza boli, take a joke bwana
[/quote]Not in this case coz you are accusing (even if jokingly) me of market manipulation which is ILLEGAL in Kenya. Furthermore, what may be a joke to you may be reported to the CMA who has the right to open an investigation.
Will I be cleared? YES
Do I want the hassle? NO
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Wa_ithaka
#194 Posted : Wednesday, July 21, 2010 3:05:30 PM
Rank: Veteran

Joined: 1/7/2010
Posts: 1,279
Location: nbi
the deal-sense of humour bypass seems a requirement on the "investor" page.
The Governor of Nyeri - 2017
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guru267
#195 Posted : Wednesday, July 21, 2010 5:18:20 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
@VVS there's nothing illegal about bidding up a price.... I remember taking jubilee from 174-190 but dont remember getting arrested for it....
But i can assure you i have nothing to do wit unga's price.... But there is some retail investor out there responsible for this.... No institution can dare touch this stock even if they give a bonus
Mark 12:29
Deuteronomy 4:16
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the deal
#196 Posted : Wednesday, July 21, 2010 5:29:13 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
if 13.50 is the right price and you want the shares right away...why should my broker stop me from bidding that high after all we know how illiquid Unga is i had to wait 4 days for my order to go through in between i had to write several emails to my broker...actually retail investors are better than jittery foreign investors...look at Safaricom and KQ supply is always high than the demand...the high wheat prices will increase Unga's margins...the maize waiver is still in place the only thing against them is the weak Shilling which increases input costs...
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youcan'tstopusnow
#197 Posted : Wednesday, July 21, 2010 5:42:01 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Well, at least it breached 13 today (if only for a while)
GOD BLESS YOUR LIFE
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mukiha
#198 Posted : Wednesday, July 21, 2010 5:47:07 PM
Rank: Elder

Joined: 6/27/2008
Posts: 4,114
indeed; it touched 13.50, closed at 12 with a VWAP of 12.76
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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guru267
#199 Posted : Wednesday, July 21, 2010 6:05:53 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
@the deal retail investors can be foreign and retail and institutions can be foreign and retail.. But institutions both foreign and local cannot touch this stock based on their principles.... But they'll be forced to look at it only if there is a super dividend yield...
Mark 12:29
Deuteronomy 4:16
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Wa_ithaka
#200 Posted : Wednesday, July 21, 2010 6:47:05 PM
Rank: Veteran

Joined: 1/7/2010
Posts: 1,279
Location: nbi
Volumes remain thin. Only 4,000 traded today.
The Governor of Nyeri - 2017
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