obiero wrote:hisah wrote:Racing to the bottom with an all time low of 1.25. Below KES 1 trading the increments/decrements in cents will be crazy. E.g. from KES 1 down to 95cts is a decrease of 5% and vice versa. This will be a volatility ulcers central zone! A 10cts increment will not be possible if price sinks below 95cts and vice versa since it'll be breaking the 10% daily price ceiling/limit. This means only 5cts increment/decrement moves are permitted once price sinks below KES 1.
During a material announcement event (no daily price limit) with the price sub KES 1 the up or down price volatility will be sheer madness!
So will NSE let this thing trade sub KES 1 or will be delisted and replaced with Stanlib?
The share has no worth. It is useless.. Even current volumes show no one is interested at existing price! So who will buy at 95cents. As for me, unless its given for free.. Wont buy at any price. The bandia firm is unravelling
I agree with @obiero ... HAFR was designed to con wanjiku from the beginning. It's just a matter of time before it is suspended.
Shady management? Do not buy. Period.
Other firms include Merali's pieces of crap, most GoK controlled firms, Olympia, etc...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett