@Double-A,

Hating on ICDC will not increase the fortunes of scrap metal

ICDC:

REAL profits; dani yage
price to book value; dani yage
Dividends; nyweee
Projects in pipeline; too many to count jameni
Management expertise; dani yaghe kabisaaa
Political connections; dani yage
Waht more do you want jameni?

On the other hand
HAFR (scrap metal)

REAL profits; zero from IPO. Big round zero, very zero. Has never made a coin. This alone should have scared you off.
Price to book; means nothing in this case because profits are zero and assets are encumbered by hefty debts and books are regularly cooked. The company itself has admitted to this. What more do you want to be told by them?
Projects in pipeline; Beside mugunda sales for third parties, hakuna kitu cha maana. In fact pipeline projects of yesteryears have all collapsed. Ilango, Lakeview, need I mention more?
Management Expertise: Zero. This fellows have a bloated workforce and crazy expenses that seem to be growing yearly yet dwindling cash flows and incomplete or collapsed projects. They should have been fired years ago.
Political connections; zero

Afadhali hata Sportpesa, my sista. At least with SportPesa when one gambles they know it is complete pata potea. To speculate on this thing (scrap metal) is to literally throw good money down the pit latrine and enjoy it. Maanchap kweli kweli.

Relax kaka....those "almost half a million shares" on sale are just worth around Sh 400,000.
That 100 shares demand is a bored speculator teasing the market

Meaning:
Those heavily invested in HAFR are not selling.
New buyers are hesitant.

This does not call for panic.

Whatever you say papa!
that ka hun'red is a market maker from among the major brokers trying to prevent a complete collapse of the stock by showing some token demand. And even then he did not want to risk anything beyond a massive 80 bob on this super nyani on this particular day

Relax, you are looking too much into 'our' share. You continue sub dividing plots as we reap on HAFR. Kila mutu na ...... chake.

You are wasting energy on small matters. My 50k shares in HAFR are speculative. IMO HAFR is worth 8bob per share but even if 4 bob is realized in the next 3 years, I will have made 100% per annum.

With regards to your "tumbling down" narrative, half the trading session is almost over and only 26,200 shares have been traded, at a value of Sh. 20,560.00.

For perspective, the news that caused the recent rapid rise, the investor Zeyun Yang acquired an 8.2 per cent stake, worth around Sh23.2 million. Minor price swings by speculators on edge, and bigger wallets gradually stocking up. Guess which direction the tide will turn.

I repeat: "There is no cause for panic". I'm not touching the sell button. I am also not looking to get rich overnight. I believe HAFR is undervalued.

Anyway...I'll mark this post. Will return to it soon. That time you'll be saying hindsight is 20/20.

Do you have the moral authority to value HAFR? You should first apologize to all the people who bought on your recomendation


https://www.google.com/a...asAMP-4jelat/index.html

As the price drops like a millstone in a deep ocean around speculators necks, demand becomes zero and supply near zero. Simply because holders of scrap metal are "digging in," scared to cut their losses while in the red, while hoping for a Hail Mary recovery of the stock while buyers do not want to touch this supernyani. The result is deadlock and a steady tumble downwards. Rwitre hebu overturn the laws of economics again for us today with your alternative take on this