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VituVingiSana		#21 Posted : Tuesday, February 20, 2018 7:45:24 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,053 Location: Nairobi		So they finally figured out that they sell over-priced clothes? https://www.businessdail...12886-6ty7laz/index.html Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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Horton		#22 Posted : Wednesday, February 21, 2018 1:44:38 AM
Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi		[quote=VituVingiSana]So they finally figured out that they sell over-priced clothes? https://www.businessdail...2886-6ty7laz/index.html[/quote] Was at babyshop in sarit centre recently. These guys need to slash their prices by over 50% and inprove Staff attitude for them to earn customer loyalty or goodwill. They seemed to treat their customer like they are doing them a favor
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VituVingiSana		#23 Posted : Wednesday, February 21, 2018 7:39:00 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,053 Location: Nairobi		Horton wrote: VituVingiSana wrote: So they finally figured out that they sell over-priced clothes? https://www.businessdail...2886-6ty7laz/index.html Was at babyshop in sarit centre recently. These guys need to slash their prices by over 50% and inprove Staff attitude for them to earn customer loyalty or goodwill. They seemed to treat their customer like they are doing them a favor It seems all they are doing is flogging a dead horse. I am glad I dumped mine [at a loss] and moved on. Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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obiero		#24 Posted : Wednesday, February 21, 2018 11:10:23 PM
Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi		VituVingiSana wrote: Horton wrote: VituVingiSana wrote: So they finally figured out that they sell over-priced clothes? https://www.businessdail...2886-6ty7laz/index.html Was at babyshop in sarit centre recently. These guys need to slash their prices by over 50% and inprove Staff attitude for them to earn customer loyalty or goodwill. They seemed to treat their customer like they are doing them a favor It seems all they are doing is flogging a dead horse. I am glad I dumped mine [at a loss] and moved on. Wait a minute sir. Have you ever made a profit from your investments. Asking in humility HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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VituVingiSana		#25 Posted : Thursday, February 22, 2018 12:01:16 AM
Rank: Chief Joined: 1/3/2007 Posts: 18,053 Location: Nairobi		obiero wrote: VituVingiSana wrote: Horton wrote: VituVingiSana wrote: So they finally figured out that they sell over-priced clothes? https://www.businessdail...2886-6ty7laz/index.html Was at babyshop in sarit centre recently. These guys need to slash their prices by over 50% and inprove Staff attitude for them to earn customer loyalty or goodwill. They seemed to treat their customer like they are doing them a favor It seems all they are doing is flogging a dead horse. I am glad I dumped mine [at a loss] and moved on. Wait a minute sir. Have you ever made a profit from your investments. Asking in humility Good Question The answer is YES BUT I have not had a 100% success rate. My "poor" investments include: KQ [sold out. Break-even?] Olympia [sold out at a loss. Matu the Thief] ADSS [sold out at a huge loss] Kenya Finance [Collapsed. Nyammo the Thug] Deacons [sold out at a loss] KCB [sold out. There was a Rights Issue but the price dropped. Then KCB did another Rights Issue soon thereafter at a lower price. I should have held on.] Sasini [sold out after seeing what Merali the Merciless did to Firestone/Sameer shareholders] (among others) The "good" news is that I have had some heavy hitters that covered my mistakes. CUT YOUR LOSSES if you think the management is lousy or a bunch of thieves. Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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VituVingiSana		#26 Posted : Thursday, February 22, 2018 12:06:52 AM
Rank: Chief Joined: 1/3/2007 Posts: 18,053 Location: Nairobi		LC Waikiki is the type of retailer that Deacons should have partnered with https://www.businessdail...314638-rgeiuf/index.html Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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obiero		#27 Posted : Thursday, February 22, 2018 6:59:40 AM
Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi		VituVingiSana wrote: obiero wrote: VituVingiSana wrote: Horton wrote: VituVingiSana wrote: So they finally figured out that they sell over-priced clothes? https://www.businessdail...2886-6ty7laz/index.html Was at babyshop in sarit centre recently. These guys need to slash their prices by over 50% and inprove Staff attitude for them to earn customer loyalty or goodwill. They seemed to treat their customer like they are doing them a favor It seems all they are doing is flogging a dead horse. I am glad I dumped mine [at a loss] and moved on. Wait a minute sir. Have you ever made a profit from your investments. Asking in humility Good Question The answer is YES BUT I have not had a 100% success rate. My "poor" investments include: KQ [sold out. Break-even?] Olympia [sold out at a loss. Matu the Thief] ADSS [sold out at a huge loss] Kenya Finance [Collapsed. Nyammo the Thug] Deacons [sold out at a loss] KCB [sold out. There was a Rights Issue but the price dropped. Then KCB did another Rights Issue soon thereafter at a lower price. I should have held on.] Sasini [sold out after seeing what Merali the Merciless did to Firestone/Sameer shareholders] (among others) The "good" news is that I have had some heavy hitters that covered my mistakes. CUT YOUR LOSSES if you think the management is lousy or a bunch of thieves. Well noted. In future I would suggest that you stick to large caps since the kahoonas primarily stalk illiquid counters that are easy to manipulate HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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VituVingiSana		#28 Posted : Thursday, February 22, 2018 9:31:11 AM
Rank: Chief Joined: 1/3/2007 Posts: 18,053 Location: Nairobi		obiero wrote: VituVingiSana wrote: obiero wrote: VituVingiSana wrote: Horton wrote: VituVingiSana wrote: So they finally figured out that they sell over-priced clothes? https://www.businessdail...2886-6ty7laz/index.html Was at babyshop in sarit centre recently. These guys need to slash their prices by over 50% and inprove Staff attitude for them to earn customer loyalty or goodwill. They seemed to treat their customer like they are doing them a favor It seems all they are doing is flogging a dead horse. I am glad I dumped mine [at a loss] and moved on. Wait a minute sir. Have you ever made a profit from your investments. Asking in humility Good Question The answer is YES BUT I have not had a 100% success rate. My "poor" investments include: KQ [sold out. Break-even?] Olympia [sold out at a loss. Matu the Thief] ADSS [sold out at a huge loss] Kenya Finance [Collapsed. Nyammo the Thug] Deacons [sold out at a loss] KCB [sold out. There was a Rights Issue but the price dropped. Then KCB did another Rights Issue soon thereafter at a lower price. I should have held on.] Sasini [sold out after seeing what Merali the Merciless did to Firestone/Sameer shareholders] (among others) The "good" news is that I have had some heavy hitters that covered my mistakes. CUT YOUR LOSSES if you think the management is lousy or a bunch of thieves. Well noted. In future I would suggest that you stick to large caps since the kahoonas primarily stalk illiquid counters that are easy to manipulate I disagree. There’s nothing wrong with well-run small caps. I have FTGH and C&G in my portfolio. KQ was a big cap... Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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Ericsson		#29 Posted : Thursday, February 22, 2018 9:57:26 AM
Rank: Elder Joined: 12/4/2009 Posts: 10,639 Location: NAIROBI		obiero wrote: VituVingiSana wrote: Horton wrote: VituVingiSana wrote: So they finally figured out that they sell over-priced clothes? https://www.businessdail...2886-6ty7laz/index.html Was at babyshop in sarit centre recently. These guys need to slash their prices by over 50% and inprove Staff attitude for them to earn customer loyalty or goodwill. They seemed to treat their customer like they are doing them a favor It seems all they are doing is flogging a dead horse. I am glad I dumped mine [at a loss] and moved on. Wait a minute sir. Have you ever made a profit from your investments. Asking in humility Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Ericsson		#30 Posted : Thursday, February 22, 2018 9:59:40 AM
Rank: Elder Joined: 12/4/2009 Posts: 10,639 Location: NAIROBI		obiero wrote: VituVingiSana wrote: obiero wrote: VituVingiSana wrote: Horton wrote: VituVingiSana wrote: So they finally figured out that they sell over-priced clothes? https://www.businessdail...2886-6ty7laz/index.html Was at babyshop in sarit centre recently. These guys need to slash their prices by over 50% and inprove Staff attitude for them to earn customer loyalty or goodwill. They seemed to treat their customer like they are doing them a favor It seems all they are doing is flogging a dead horse. I am glad I dumped mine [at a loss] and moved on. Wait a minute sir. Have you ever made a profit from your investments. Asking in humility Good Question The answer is YES BUT I have not had a 100% success rate. My "poor" investments include: KQ [sold out. Break-even?] Olympia [sold out at a loss. Matu the Thief] ADSS [sold out at a huge loss] Kenya Finance [Collapsed. Nyammo the Thug] Deacons [sold out at a loss] KCB [sold out. There was a Rights Issue but the price dropped. Then KCB did another Rights Issue soon thereafter at a lower price. I should have held on.] Sasini [sold out after seeing what Merali the Merciless did to Firestone/Sameer shareholders] (among others) The "good" news is that I have had some heavy hitters that covered my mistakes. CUT YOUR LOSSES if you think the management is lousy or a bunch of thieves. Well noted. In future I would suggest that you stick to large caps since the kahoonas primarily stalk illiquid counters that are easy to manipulate True @vvs after all this years now you shouldn't be talking about making losses in your Investments in the NSE Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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obiero		#31 Posted : Thursday, February 22, 2018 10:12:36 AM
Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi		VituVingiSana wrote: obiero wrote: VituVingiSana wrote: obiero wrote: VituVingiSana wrote: Horton wrote: VituVingiSana wrote: So they finally figured out that they sell over-priced clothes? https://www.businessdail...2886-6ty7laz/index.html Was at babyshop in sarit centre recently. These guys need to slash their prices by over 50% and inprove Staff attitude for them to earn customer loyalty or goodwill. They seemed to treat their customer like they are doing them a favor It seems all they are doing is flogging a dead horse. I am glad I dumped mine [at a loss] and moved on. Wait a minute sir. Have you ever made a profit from your investments. Asking in humility Good Question The answer is YES BUT I have not had a 100% success rate. My "poor" investments include: KQ [sold out. Break-even?] Olympia [sold out at a loss. Matu the Thief] ADSS [sold out at a huge loss] Kenya Finance [Collapsed. Nyammo the Thug] Deacons [sold out at a loss] KCB [sold out. There was a Rights Issue but the price dropped. Then KCB did another Rights Issue soon thereafter at a lower price. I should have held on.] Sasini [sold out after seeing what Merali the Merciless did to Firestone/Sameer shareholders] (among others) The "good" news is that I have had some heavy hitters that covered my mistakes. CUT YOUR LOSSES if you think the management is lousy or a bunch of thieves. Well noted. In future I would suggest that you stick to large caps since the kahoonas primarily stalk illiquid counters that are easy to manipulate I disagree. There’s nothing wrong with well-run small caps. I have FTGH and C&G in my portfolio. KQ was a big cap... KQ never went down and out, it's you who left the party just before the cute ladies arrived, and please please FTG inaweza kuchomeka very soon HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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VituVingiSana		#32 Posted : Thursday, February 22, 2018 2:01:01 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,053 Location: Nairobi		Ericsson wrote: obiero wrote: VituVingiSana wrote: obiero wrote: VituVingiSana wrote: Horton wrote: VituVingiSana wrote: So they finally figured out that they sell over-priced clothes? https://www.businessdail...2886-6ty7laz/index.html Was at babyshop in sarit centre recently. These guys need to slash their prices by over 50% and inprove Staff attitude for them to earn customer loyalty or goodwill. They seemed to treat their customer like they are doing them a favor It seems all they are doing is flogging a dead horse. I am glad I dumped mine [at a loss] and moved on. Wait a minute sir. Have you ever made a profit from your investments. Asking in humility Good Question The answer is YES BUT I have not had a 100% success rate. My "poor" investments include: KQ [sold out. Break-even?] Olympia [sold out at a loss. Matu the Thief] ADSS [sold out at a huge loss] Kenya Finance [Collapsed. Nyammo the Thug] Deacons [sold out at a loss] KCB [sold out. There was a Rights Issue but the price dropped. Then KCB did another Rights Issue soon thereafter at a lower price. I should have held on.] Sasini [sold out after seeing what Merali the Merciless did to Firestone/Sameer shareholders] (among others) The "good" news is that I have had some heavy hitters that covered my mistakes. CUT YOUR LOSSES if you think the management is lousy or a bunch of thieves. Well noted. In future I would suggest that you stick to large caps since the kahoonas primarily stalk illiquid counters that are easy to manipulate True @vvs after all this years now you shouldn't be talking about making losses in your Investments in the NSE It's naive to think that one can't make losses [despite the years in the NSE]. I am sure I will lose money on some of my investments. An interesting one is KenRe in which I am break-even at best using the "market prices" but way ahead using NAV. Since I can't sell NAV, I am stuck waiting for "price discovery" via a strategic (non-GoK) investor like PIC (SA) OR a takeover. Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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VituVingiSana		#33 Posted : Thursday, February 22, 2018 2:06:45 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,053 Location: Nairobi		obiero wrote: VituVingiSana wrote: obiero wrote: VituVingiSana wrote: obiero wrote: VituVingiSana wrote: Horton wrote: VituVingiSana wrote: So they finally figured out that they sell over-priced clothes? https://www.businessdail...2886-6ty7laz/index.html Was at babyshop in sarit centre recently. These guys need to slash their prices by over 50% and inprove Staff attitude for them to earn customer loyalty or goodwill. They seemed to treat their customer like they are doing them a favor It seems all they are doing is flogging a dead horse. I am glad I dumped mine [at a loss] and moved on. Wait a minute sir. Have you ever made a profit from your investments. Asking in humility Good Question The answer is YES BUT I have not had a 100% success rate. My "poor" investments include: KQ [sold out. Break-even?] Olympia [sold out at a loss. Matu the Thief] ADSS [sold out at a huge loss] Kenya Finance [Collapsed. Nyammo the Thug] Deacons [sold out at a loss] KCB [sold out. There was a Rights Issue but the price dropped. Then KCB did another Rights Issue soon thereafter at a lower price. I should have held on.] Sasini [sold out after seeing what Merali the Merciless did to Firestone/Sameer shareholders] (among others) The "good" news is that I have had some heavy hitters that covered my mistakes. CUT YOUR LOSSES if you think the management is lousy or a bunch of thieves. Well noted. In future I would suggest that you stick to large caps since the kahoonas primarily stalk illiquid counters that are easy to manipulate I disagree. There’s nothing wrong with well-run small caps. I have FTGH and C&G in my portfolio. KQ was a big cap... KQ never went down and out, it's you who left the party just before the cute ladies arrived, and please please FTG inaweza kuchomeka very soon Dear @Obiero, I sold/disposed most of my KQ in 2012 between 13-14. Since then, it has been divided into 4 bits [the "consolidation"] and trades at 16 therefore the "2012" 13 = "2018" 4 ... I am happy & relieved to have left the party. You an enjoy what's left! FTGH - Not a core holding but I am confident the profitability will bloom in 2018. FY 2017 has been horrible with elections, tight money markets and losses from Nakumatt. [From the 1H report and profit warning] Deacons - A disaster but I bailed out (at a loss). Reinvested into other shares. I used some of the proceeds to buy Unga. Even if Seaboard pays stated NAV of 49, I am ahead of the game. If they pay stated NAV (49) + revalued land (last done in 2013 and not included in the Balance Sheet) + 1H PAT = 60/- Deacons failed coz it tried to target the middle income folks with prices that were anything but middle income! Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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