Nation Media Group (NMG) should bottom soon and make recovery toward initially 26.00 and 44.00.

Matatus are not easy to police. Good luck for GOK

where is KQ going?

@vvs



You have been a strong defender of Banks even when I stated that they would face dire straits in this bear market and some will likely collapse.

This haircut that KCB is facing will morph into massive defaults soon. The assumption that these restructured loans will be repaid is false - if one cannot suddenly pay his loans due to 'corona' which has been with us for just about 3 months then expect them to default. The financial situation they find themselves in will not just go away even if Corona is managed.

The reason for financial difficulties does not arise from Corona. This is a key point that people will have to contend with. The financial difficulties arise because in a major bear market (depression) that we find ourselves in makes them reluctant to spend. This reluctance is driven by fear, fear of the unknown. In such a situation money flow is restricted and alas the depression.

My friend,

For me "value" is based on price and future outlook (intrinsic value). I am not a good trader. I am not good enough to spot trends or movements, etc. I am confident that my current holdings will do fine from this point onwards. Not all will do well but the portfolio will be OK.

Let's be specific. KCB. Have you seen me pitching KCB for many years? I know KCB's share price has jumped over the years (good for shareholders) but I am not a fan of KCB. Something in my gut feels uneasy about it. I like to snore at night.