And you would have trusted cdc to do due deligence for you. Narrow shave. Karibu niruke ndani with all my eggs. Just lucky an inner voice kept me behind the schedule. This counter looked like the last bus remaining on the stage for the just ended mini bull rally. Time for the bulls to exit the stage and welcome the bears on the drivers seat.
Nothing remaining to write home about this economy versa the just prescribe supreme dose of political maladies and malaise. Time to fold up as reasonable gentlsmen 🙌🙌💂👧

Wait.. @vvs was trading stocks in the late 90s

#MzeeNiMimi so when you pretend to educate some of us on "history"

Firms grow and fall.

Barclays was UNTOUCHABLE. Even StanChart was a distant 2nd. KCB looked big but it was all fake profits under Kaminchia and Bii.
KQ was floundering at 8 [when I first bought them and the firm was doing well under Presbury. Naikuni rode the wave but then got greedy. Mudany (of KenGen) was CFO of KQ]
Bamburi saw profits SOAR after price controls were lifted. People like BC Patel made billions by being in the right place at the right time.
KPLC was 20/- and then soared to 200/- as tariffs were increased & after reforms including the removal of Gichuru.
KenGen ("Milkshake") brought the boys to the yard. Money poured into the NSE.

Hubris. Over-expansion [fast growth fueled by debt] can destroy a promising firm. Look at ARM or KQ.
Something similar happened with KenGen [huge debt until GoK converted debt to equity]. Or KPLC. As a rule, I do not like GoK firms coz of the poor financial performance and corruption. I have KenRe but I watch it as much as possible. If I feel things are going the other way, I will bail out.

EABL took on a lot of debt to get into TZ and it is paying a heavy price.
Unga almost went bankrupt when the interest rates soared. It sold the iconic Chester House and Unga House to pay down debt. It also sold Elianto [though I believe that was a shady deal].

Then scams like Merali's firms eg Firestone & Eveready.
Gems [not all is perfect all the time but on balance ] like Aga Khan firms.

Solid firms like BAT have done well. Very little debt vs the profitability of the firm.

Learn from history. That's why I became extremely wary of KQ in 2012 when I saw the presentation/info on "Project Mawingu" ... and I bailed out.

True. The lesson is clear as day that imprudent use of debt is fatal. If not sure, just avoid companies with debt.

Please look at KenGen's financial statements pre-Rights. GoK converted huge loans to equity. KenGen came close to beaching certain debt covenants.