this investment bank makes a 123 million loss for the half year!!! my guy half year!! what will it post for a full year. isnt time people shifted or..... what is your take?

hasta la vista

That is frightening,if you've got shares there brace for the worst,cause share holders are the last to be paid if the bank goes under

Jay

@ Mwana

You can also lose if you sell your shares,they delay giving you your cheque and it colapses before you get your cash. Nothing to do with them pocketing anything.


Want to be a millionaire.... plant a million cabbages and sell them at a bob...

@ mwana.........you are right....if any broker goes under your shares are safe unless you are a shareholder of that specific brokerage company,or had cash in your a/c,of which you wait for assets liquidation to be compensated after settlement of liabilities. However if you're a kengen shareholder,and your broker goes under,kengen records will continue to reflect that you own shares in the company and can transfer the shares to another broker.......... e.g. In a case study of Nyaga stockbrokers,investors didn't loose their shares,they transferred to other stockbrokers. what was lost is any cash balances if any in their accounts which might be compensated though not fully.........I was a nyagah member,transferred to cfc.

don't expect anyone to act like your favourite grandmother in wanting what's best for you.

Havent seen the results yet but for a kenyan investment bank company to make that kind of loss is scary- how long will it take to consume all the reserve and capital. that is assuming loss was mainly due to reduction in commission revenue- means if things/market dont turn up -and they have little control on this,while costs remain constant - how long will they survive. I think all of them should embark on massive reduction of expenses