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Madness at the NSE
Rank: Member Joined: 7/1/2019 Posts: 119
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Sufficiently Philanga....thropic wrote:
Extremely sad to see the Pride of Kenya for the last 2 decades(Safaricom) losing 31% of its value in 100days.
Although we can place the currency devaluation, reduction in MTR and the Ethiopian entry as some of the reasons, the biggest reason here is political interference with a view to milking the company to the ground.
I just hope it doesn't go the KPLC way, which plunged from KES.15 in 2013 to the current price of KES.1.5 when some people took over the management of the energy sector!
Extremely sad!!!
Huyu Ruto awache socialism ama atajua hajui....
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Rank: Elder Joined: 12/4/2009 Posts: 10,639 Location: NAIROBI
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Sufficiently Philanga....thropic wrote:Sufficiently Philanga....thropic wrote:littledove wrote:even with peaceful conclusion of election the rally lasted only for two days supported by only few counters with
very weak demand, what is happening? Nothing is happening only that the incoming leader's past history does not inspire any confidence. The road ahead will be long and hard akin to the Moi years. Promotion to the highest level of incompetence is what elections in KE, and i guess the rest of Africa, is all about. Look at the crooks the masses have taken to parliament! The stock market is a sophisticated market(not a fish market) and only works and flourishes where the Formal sector, and not the Informal sector thrives. Extremely sad to see the Pride of Kenya for the last 2 decades(Safaricom) losing 31% of its value in 100days. Although we can place the currency devaluation, reduction in MTR and the Ethiopian entry as some of the reasons, the biggest reason here is political interference with a view to milking the company to the ground. I just hope it doesn't go the KPLC way, which plunged from KES.15 in 2013 to the current price of KES.1.5 when some people took over the management of the energy sector! Extremely sad!!! Wait for the full year results in second week of May for confirmation Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,639 Location: NAIROBI
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heri wrote:Sufficiently Philanga....thropic wrote:Sufficiently Philanga....thropic wrote:littledove wrote:even with peaceful conclusion of election the rally lasted only for two days supported by only few counters with
very weak demand, what is happening? Nothing is happening only that the incoming leader's past history does not inspire any confidence. The road ahead will be long and hard akin to the Moi years. Promotion to the highest level of incompetence is what elections in KE, and i guess the rest of Africa, is all about. Look at the crooks the masses have taken to parliament! The stock market is a sophisticated market(not a fish market) and only works and flourishes where the Formal sector, and not the Informal sector thrives. Extremely sad to see the Pride of Kenya for the last 2 decades(Safaricom) losing 31% of its value in 100days. Although we can place the currency devaluation, reduction in MTR and the Ethiopian entry as some of the reasons, the biggest reason here is political interference with a view to milking the company to the ground. I just hope it doesn't go the KPLC way, which plunged from KES.15 in 2013 to the current price of KES.1.5 when some people took over the management of the energy sector! Extremely sad!!! Sad. What happened to those fairy tales that Vodacom calls the shots or have they also eaten enough? Vodacom pia wanagula huko. The move to place Safaricom under Vodacom was a wrong move. Late Bob collymore and Michael Joseph were against the move but Vodafone the major shareholder went ahead with the decision. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 9/23/2010 Posts: 2,218 Location: Sundowner,Amboseli
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Anytime now and SCOM gets into a retracement targeting 23. RSI in deeply oversold territory at 29.91  @SufficientlyP
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Rank: Elder Joined: 9/23/2010 Posts: 2,218 Location: Sundowner,Amboseli
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Every bottoming comes with some volume action as can be seen today at the Scom corner! Supply drying up! @SufficientlyP
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Rank: New-farer Joined: 3/28/2016 Posts: 36 Location: nairobi
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I see there is a draft privatisation bill that is out for public participation. Plus I heard Moses Kuria saying that they would want to list some of the KDC's investments which include Coca Cola Bottlers (Not sure if this is Almasi) and Isuzu EA). Interesting times these are.
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Rank: Elder Joined: 12/4/2009 Posts: 10,639 Location: NAIROBI
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kediveKed wrote:I see there is a draft privatisation bill that is out for public participation. Plus I heard Moses Kuria saying that they would want to list some of the KDC's investments which include Coca Cola Bottlers (Not sure if this is Almasi) and Isuzu EA). Interesting times these are.
Moses kuria is a noise maker that you shouldn't waste time listening to. Remember him and GMO maize Importation Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 7/21/2010 Posts: 6,175 Location: nairobi
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Sufficiently Philanga....thropic wrote:Anytime now and SCOM gets into a retracement targeting 23. RSI in deeply oversold territory at 29.91 This prediction has come true...now how high can it go? "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 9/23/2010 Posts: 2,218 Location: Sundowner,Amboseli
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SHORT TERM If you bought at 20.50 last week on Wednesday, you should consider selling at 24 and wait to get back in at 21-22 levels. You would be a fool to stare at a 17% gain in 1 week while SITTING ON YOUR HANDS! @SufficientlyP
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Rank: Elder Joined: 7/21/2010 Posts: 6,175 Location: nairobi
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Sufficiently Philanga....thropic wrote:SHORT TERM
If you bought at 20.50 last week on Wednesday, you should consider selling at 24 and wait to get back in at 21-22 levels.
You would be a fool to stare at a 17% gain in 1 week while SITTING ON YOUR HANDS! I intend to sell and wait at 15-17 because i still believe it will come "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 12/4/2009 Posts: 10,639 Location: NAIROBI
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mlennyma wrote:Sufficiently Philanga....thropic wrote:SHORT TERM
If you bought at 20.50 last week on Wednesday, you should consider selling at 24 and wait to get back in at 21-22 levels.
You would be a fool to stare at a 17% gain in 1 week while SITTING ON YOUR HANDS! I intend to sell and wait at 15-17 because i still believe it will come That price unlikely to be witnessed in first half of this year. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 7/22/2009 Posts: 7,451
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mlennyma wrote:Sufficiently Philanga....thropic wrote:SHORT TERM
If you bought at 20.50 last week on Wednesday, you should consider selling at 24 and wait to get back in at 21-22 levels.
You would be a fool to stare at a 17% gain in 1 week while SITTING ON YOUR HANDS! I intend to sell and wait at 15-17 because i still believe it will come 15 - 17??? On what basis? Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Rank: Veteran Joined: 6/2/2010 Posts: 1,059
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MaichBlack wrote:mlennyma wrote:Sufficiently Philanga....thropic wrote:SHORT TERM
If you bought at 20.50 last week on Wednesday, you should consider selling at 24 and wait to get back in at 21-22 levels.
You would be a fool to stare at a 17% gain in 1 week while SITTING ON YOUR HANDS! I intend to sell and wait at 15-17 because i still believe it will come 15 - 17??? On what basis? A lot depends on the annual results to be announced early May. If they disappoint, the price will be subdued. Regardless, I am also having a tough time picturing sub 20 levels.
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Rank: Chief Joined: 1/3/2007 Posts: 18,055 Location: Nairobi
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My 2 cents wrote:MaichBlack wrote:mlennyma wrote:Sufficiently Philanga....thropic wrote:SHORT TERM
If you bought at 20.50 last week on Wednesday, you should consider selling at 24 and wait to get back in at 21-22 levels.
You would be a fool to stare at a 17% gain in 1 week while SITTING ON YOUR HANDS! I intend to sell and wait at 15-17 because i still believe it will come 15 - 17??? On what basis? A lot depends on the annual results to be announced early May. If they disappoint, the price will be subdued. Regardless, I am also having a tough time picturing sub 20 levels. Never say never. The NSE has shown me things!  Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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MaichBlack wrote:mlennyma wrote:Sufficiently Philanga....thropic wrote:SHORT TERM
If you bought at 20.50 last week on Wednesday, you should consider selling at 24 and wait to get back in at 21-22 levels.
You would be a fool to stare at a 17% gain in 1 week while SITTING ON YOUR HANDS! I intend to sell and wait at 15-17 because i still believe it will come 15 - 17??? On what basis? Technical analysis Life is short. Live passionately.
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Rank: Elder Joined: 7/22/2009 Posts: 7,451
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VituVingiSana wrote:My 2 cents wrote:MaichBlack wrote:mlennyma wrote:Sufficiently Philanga....thropic wrote:SHORT TERM
If you bought at 20.50 last week on Wednesday, you should consider selling at 24 and wait to get back in at 21-22 levels.
You would be a fool to stare at a 17% gain in 1 week while SITTING ON YOUR HANDS! I intend to sell and wait at 15-17 because i still believe it will come 15 - 17??? On what basis? A lot depends on the annual results to be announced early May. If they disappoint, the price will be subdued. Regardless, I am also having a tough time picturing sub 20 levels. Never say never. The NSE has shown me things!  Luckily you are a Warren Buffet student. Short to medium term irrational market behaviour does/should not bother you. Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Rank: Chief Joined: 1/3/2007 Posts: 18,055 Location: Nairobi
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MaichBlack wrote:VituVingiSana wrote:My 2 cents wrote:MaichBlack wrote:mlennyma wrote:Sufficiently Philanga....thropic wrote:SHORT TERM
If you bought at 20.50 last week on Wednesday, you should consider selling at 24 and wait to get back in at 21-22 levels.
You would be a fool to stare at a 17% gain in 1 week while SITTING ON YOUR HANDS! I intend to sell and wait at 15-17 because i still believe it will come 15 - 17??? On what basis? A lot depends on the annual results to be announced early May. If they disappoint, the price will be subdued. Regardless, I am also having a tough time picturing sub 20 levels. Never say never. The NSE has shown me things! Luckily you are a Warren Buffet student. Short to medium term irrational market behaviour does/should not bother you. Though sometimes I do like to see higher prices esp for low dividend yield shares! Or when I want to sell and buy something else. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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The current share price of HF Group Limited (HFCK) is KES 3.45. HFCK closed its last trading day (Wednesday, February 1, 2023) at 3.45 KES per share on the Nairobi Securities Exchange (NSE), recording a 3.9% gain over its previous closing price of 3.32 KES. HF began the year with a share price of 3.19 KES and has since gained 8.15% on that price valuation, ranking it 11th on the NSE in terms of year-to-date performance. Shareholders can be optimistic about HFCK knowing the stock has accrued 13% over the past four-week period—5th best on NSE. Next stop KES 4
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Elder Joined: 9/23/2010 Posts: 2,218 Location: Sundowner,Amboseli
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mlennyma wrote:Sufficiently Philanga....thropic wrote:SHORT TERM
If you bought at 20.50 last week on Wednesday, you should consider selling at 24 and wait to get back in at 21-22 levels.
You would be a fool to stare at a 17% gain in 1 week while SITTING ON YOUR HANDS! I intend to sell and wait at 15-17 because i still believe it will come You might just be lucky. Previous 20.50 support now broken and the floor is now open. Let's see whether it will hold at 20 or break it as well. Remember the stock is trading cum div till 16th after which it will go ex. With maandamano in the works, an imminent replacement of a capable CEO with a political one, biting dollar shortage leading to daily KES loss, and the international markets feeling the heat of a high FED rate, one wonders just how low Scom will go! @SufficientlyP
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Rank: Veteran Joined: 6/2/2010 Posts: 1,059
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Sufficiently Philanga....thropic wrote:mlennyma wrote:Sufficiently Philanga....thropic wrote:SHORT TERM
If you bought at 20.50 last week on Wednesday, you should consider selling at 24 and wait to get back in at 21-22 levels.
You would be a fool to stare at a 17% gain in 1 week while SITTING ON YOUR HANDS! I intend to sell and wait at 15-17 because i still believe it will come You might just be lucky. Previous 20.50 support now broken and the floor is now open. Let's see whether it will hold at 20 or break it as well. Remember the stock is trading cum div till 16th after which it will go ex. With maandamano in the works, an imminent replacement of a capable CEO with a political one, biting dollar shortage leading to daily KES loss, and the international markets feeling the heat of a high FED rate, one wonders just how low Scom will go! sub 20 today
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