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Elliott Wave Analysis Of The NSE 20
Aguytrying
#381 Posted : Tuesday, May 19, 2015 3:09:06 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
@hisah. today the red section in the nse has so many shares. blood on the streets...
better start fixed income to prepare for the planting season
The investor's chief problem - and even his worst enemy - is likely to be himself
hisah
#382 Posted : Wednesday, May 20, 2015 12:36:10 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Brokers accuse KRA of shifting goal posts on tax

At this rate the market circuit breakers will soon trigger as freefall ensues... The market is in no mood of such sideshows!
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
winmak
#383 Posted : Wednesday, May 20, 2015 11:07:51 AM
Rank: Member

Joined: 12/1/2007
Posts: 539
Location: Nakuru
Sometimes I think these policy makers don't care what their actions have on stability of the market
For investors as a whole, returns decrease as motion increases ~ WB
winmak
#384 Posted : Wednesday, May 20, 2015 11:10:22 AM
Rank: Member

Joined: 12/1/2007
Posts: 539
Location: Nakuru
Sometimes I think these policy makers don't care what consequences their actions have on stability of the market
For investors as a whole, returns decrease as motion increases ~ WB
mlennyma
#385 Posted : Wednesday, May 20, 2015 2:35:24 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
winmak wrote:
Sometimes I think these policy makers don't care what consequences their actions have on stability of the market

some things happen just because of a careless one man.president.
"Don't let the fear of losing be greater than the excitement of winning."
Cde Monomotapa
#386 Posted : Wednesday, May 20, 2015 2:59:10 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
mlennyma wrote:
winmak wrote:
Sometimes I think these policy makers don't care what consequences their actions have on stability of the market

some things happen just because of a careless one man.president.


They say a wise man changes his mind, legislators while pushing for pensions should also remember where the revenue comes from. Now there is lack of clarity as well. This CGT should also be taken back to the drawing board.

http://www.businessdaily...0/-/hddad4z/-/index.html
mkonomtupu
#387 Posted : Friday, May 22, 2015 10:42:26 AM
Rank: Veteran

Joined: 2/10/2010
Posts: 1,001
Location: River Road

The situation in the kitchen room

Quote:
Government revenue for first nine months of the year fell short of target by a significant Sh93.8 billion, signalling looming funding difficulties. The National Treasury had targeted revenue and grants of Sh874.5 billion, but realised Sh780.7 billion, leaving a gap of Sh93.8 billion. Of the revenue items, the A-I-A had the single-highest shortfall relative to the target at Sh31.6 billion in the nine-month period, bringing in only Sh39.1 billion. The second largest deviation from target was in the grants by donors totalling Sh25.8 billion, below target of Sh45.2 billion meaning less than half of the expected cash was received in the nine month. The third largest shortfall came in the form of pay-as-you-earn taxes, below target of Sh220.5 billion by Sh21.7 billion.
For the nine months to March, experts also attribute the low collections to slow economic growth and probable leakages.


How the people in the ivory tower see it

Quote:
Supplementary Estimates II 2014/2015
Cabinet noted that while Kenya’s economic growth is still resilient, the outcome of the 3rd quarter of the current financial year and the continuation of the global economic stagnation is likely to have a negative impact on the performance of revenues. Cabinet noted that:
Revenues had fallen below target and are expected to be lower by Khs.16.6billion mainly due to administration of large income tax payers and customs due to reduced oil imports following increased production of geothermal energy;
Domestic borrowing - expectations in decline of interest rates resulted in less appetite for Government securities; and
Expenditure pressures – we have received requests for additional funding to cater for emerging priorities related to security operations, forthcoming international conferences and summits, Catholic Nun (Sister Irene) Beatification process, slum upgrading and youth empowerment.
To address the challenges above, Cabinet approved additional spending amounting to Ksh.48.3billion under supplementary No. 2 and approved measures to close the financial gap of Kshs.74.3million.
CABINET OFFICE
NAIROBI
21st May, 2015


What the CBK is doing about it

Quote:
The weighted average interest rate for banks on the overnight borrowing market shot up to 11.0101 percent on Wednesday from 10.3709 percent the previous day, indicating there was a squeeze on liquidity.
The central bank sought to mop up 4 billion shillings from the market on Thursday, reinforcing its desire to cut volatility in the currency market, by pursuing a tightening stance through its open market operations.


What the Certified analysts think of the market

Quote:
In addition to a price correction, market analysts attribute the drop to a mix of factors, including the capital gains tax and a weaker currency but say market fundamentals remain strong. They rule out chances of a prolonged bear run.
“Some stocks may have been overpriced, but this does not mean that the companies themselves are having any problems,” said Standard Investment Bank (SIB) analyst Eric Musau.


hisah
#388 Posted : Friday, May 22, 2015 11:30:04 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
mkonomtupu wrote:

The situation in the kitchen room

Quote:
Government revenue for first nine months of the year fell short of target by a significant Sh93.8 billion, signalling looming funding difficulties. The National Treasury had targeted revenue and grants of Sh874.5 billion, but realised Sh780.7 billion, leaving a gap of Sh93.8 billion. Of the revenue items, the A-I-A had the single-highest shortfall relative to the target at Sh31.6 billion in the nine-month period, bringing in only Sh39.1 billion. The second largest deviation from target was in the grants by donors totalling Sh25.8 billion, below target of Sh45.2 billion meaning less than half of the expected cash was received in the nine month. The third largest shortfall came in the form of pay-as-you-earn taxes, below target of Sh220.5 billion by Sh21.7 billion.
For the nine months to March, experts also attribute the low collections to slow economic growth and probable leakages.


How the people in the ivory tower see it

Quote:
Supplementary Estimates II 2014/2015
Cabinet noted that while Kenya’s economic growth is still resilient, the outcome of the 3rd quarter of the current financial year and the continuation of the global economic stagnation is likely to have a negative impact on the performance of revenues. Cabinet noted that:
Revenues had fallen below target and are expected to be lower by Khs.16.6billion mainly due to administration of large income tax payers and customs due to reduced oil imports following increased production of geothermal energy;
Domestic borrowing - expectations in decline of interest rates resulted in less appetite for Government securities; and
Expenditure pressures – we have received requests for additional funding to cater for emerging priorities related to security operations, forthcoming international conferences and summits, Catholic Nun (Sister Irene) Beatification process, slum upgrading and youth empowerment.
To address the challenges above, Cabinet approved additional spending amounting to Ksh.48.3billion under supplementary No. 2 and approved measures to close the financial gap of Kshs.74.3million.
CABINET OFFICE
NAIROBI
21st May, 2015


What the CBK is doing about it

Quote:
The weighted average interest rate for banks on the overnight borrowing market shot up to 11.0101 percent on Wednesday from 10.3709 percent the previous day, indicating there was a squeeze on liquidity.
The central bank sought to mop up 4 billion shillings from the market on Thursday, reinforcing its desire to cut volatility in the currency market, by pursuing a tightening stance through its open market operations.


What the Certified analysts think of the market

Quote:
In addition to a price correction, market analysts attribute the drop to a mix of factors, including the capital gains tax and a weaker currency but say market fundamentals remain strong. They rule out chances of a prolonged bear run.
“Some stocks may have been overpriced, but this does not mean that the companies themselves are having any problems,” said Standard Investment Bank (SIB) analyst Eric Musau.




Plain an simple, econ readings are down. The market has to reprice that reality. That overvaluation has to deflate to normal reality levels. From the look of things a correction will not do the job so an extended correction(a bear) will check in to finish the job.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
mnandii
#389 Posted : Friday, May 22, 2015 5:29:44 PM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304
Hanergy

A complete impulse wave and then a correction. Trading has been halted on this share.



Notice the 12345 impulse wave. Wave 4 (with the converging trend lines) is a triangle.

Notice the two red lines on the chart. Shows divergence btw price and RSI. Usually happens during a fifth wave.i.e relative strength is stronger in a third wave compared to a fifth wave.

People are speculating the reason for the fall. They will come up with wrong answers.

Quote:
The world's biggest solar technology company by market capitalisation got absolutely slaughtered this week.

Hanergy Thin Film Power is a Hong Kong-listed Chinese firm which has an astonishing boom story, which made its chairman China's richest man.

But on Wednesday it went through the floor — the stock's value was slashed nearly in half, falling 47% before trading was suspended.



link


Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
mnandii
#390 Posted : Friday, May 22, 2015 5:42:08 PM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304
obiero wrote:
if u dont need the money at hand then there is no need to sell.. hold on. better times shall return


Better times? Shame on you

Well, if you are looking at a time frame of plus five years then ....Pray
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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