what does this rule say? what are the impications?

Speak faith,hope and belief.

The shares are already trading post-split so the 10% rule may not be used but the price will drop 10% & continue till it reaches 10/- or so... slowly but surely within the next 1-2 weeks.

Greedy when others are fearful,Very fearful when others are greedy - to paraphrase WB

@slygat wewe nachekeza mimi mbavu nabujiga gabisa!

1. Fact -EB is the most expensive and accessible bank -yes?
2. Fact -Mwangi's banking background is Trade bank,yes or no?
3. Fact - Some branches are subsidised by others
4. Fact -EB is mwananchi's bank,not even KCB. Why?Apart from the magical political hand,the business model says make your hay while the sun shines. period.


'I am the master of my fate;
I am the captain of my soul.'-Invictus

Yote yawesekana lakini JM miscalculated this time. It is harder to manupulate 10 fools than 1.

Desiderious

This EB thing is generating massive interest here in SK. It seems like every other post is about EB disregarding the rest of the counters.
- First we have the people hoping that EB will come crashing down and repeating the allegations that EB will soon be collapsing that were in Parliament sometime in 2007.
- Next we have the defenders and one might suspect investors in the counter.

This is not helped by the huge volatility in this counter. Either there's people out there purposefully manipulating the price or the market madness has come to bear on this share

The facts so far are as follows
- Equity is successfully expanding in Uganda & S Sudan - which means that its model is working and that political favors cannot be used to explain its success. In any case I have never seen/heard the President directing Kenyans to open accounts in the bank or telling parastatals to channel their money through the bank in stead of banking in KCB or NBK. So the political favor thing is easily discounted. Or at this rate we will have to imagine that Museveni and Kiir are also in EB's pocket. However I do believe EB has it's own political enemies who would love to see the bank in the dust.
- EB just won an award for transparent financial reporting by Africa Investor. Additionally Helios Fund which has a track record in picking investments owns about 24% of the bank. These guys must have done their homework before expressing confidence in the accounting practice by the bank. So it's hard to believe the accusers especially since they have no concrete proof.
Anyway at the end of the day,EB's stock price will be dependent upon the financial success of the bank. If EB continues to make money the stock will go up.
So let's wait and see!
btw when do 1st Quarter results come out?