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Why investing in the NSE is fool's gold and a waste
Rank: Veteran Joined: 2/2/2012 Posts: 1,134 Location: Nairobi
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NewMoney wrote:Where can I get the number of issued shares for all NSE companies? I would like to start tracking market cap for each of the companies. Business Daily - every day!
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Rank: Elder Joined: 12/9/2009 Posts: 6,592 Location: Nairobi
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I started buying shares in the NSE in 1998. I have not seen it this bad yet. Not that the shares never used to lose value significantly, it used to happen but you'd not worry since you knew that fundamentals were strong and this was just a trend - it was like the weather. Now, the hope is no longer there in the NSE,fundamental are weak and it feels more like gambling than investing. Who else feels this way?
BBI will solve it :)
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Rank: Member Joined: 2/20/2007 Posts: 767
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2012 wrote:I started buying shares in the NSE in 1998. I have not seen it this bad yet. Not that the shares never used to lose value significantly, it used to happen but you'd not worry since you knew that fundamentals were strong and this was just a trend - it was like the weather. Now, the hope is no longer there in the NSE,fundamental are weak and it feels more like gambling than investing. Who else feels this way? Woi, take cover guys, @mugundaman will come out once more with dc manenos However, I have not despaired yet. After accounting for dividends, my portfolio is only 300sh in the black. Not too bad. Unless Kenya descends into total anarchy, the sun will surely rise in the NSE. This is a market cycle. Cycles can last upto 10yrs. Best time to do your buying but cautiously. They must find it difficult....... those who have taken authority as the truth, rather than truth as the authority. -G. Massey.
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Rank: Member Joined: 12/17/2011 Posts: 887
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Mugundaman is right about the NSE being a big casino and a waste of time unless someone is being unethical by engaging in “illegal” insider trading....Then you can make lots of money. Otherwise, it’s just like any other form of gambling and a waste of time. Nunueni shamba or do a business with that money instead. Shambas have made people very rich in Kenya, you just have to be patient. On this one, I am with mugundaman.
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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tom_boy wrote:2012 wrote:I started buying shares in the NSE in 1998. I have not seen it this bad yet. Not that the shares never used to lose value significantly, it used to happen but you'd not worry since you knew that fundamentals were strong and this was just a trend - it was like the weather. Now, the hope is no longer there in the NSE,fundamental are weak and it feels more like gambling than investing. Who else feels this way? Woi, take cover guys, @mugundaman will come out once more with dc manenos However, I have not despaired yet. After accounting for dividends, my portfolio is only 300sh in the black. Not too bad. Unless Kenya descends into total anarchy, the sun will surely rise in the NSE. This is a market cycle. Cycles can last upto 10yrs. Best time to do your buying but cautiously. He will come here with stories of red hawt economy, home ownership journeys and booming real estate. Reality: 1. Only public sector and curruption sector are growing, fueled by chinese loans, eurobond and insatiable greed of govt officials; 2. Private sector starved of funds because of rate caps and govt not paying up debts owed; 3. Businesses that should be thriving are reporting losses, retrenching employees or collapsing all together e.g. ARM, Uchumi, Barclays, Nakumatt, Choppies, KQ, KP; 4. How are the shamba based businesses doing? Ask Suraya, Home Afrika, Centum, Housing Finance etc Bottomline is that the private sector is in direct competition with public sector and corruption sectors and it is not doing very well. Try sell a shamba to genuine hardworking Kenyans today utajua hujui. Life is short. Live passionately.
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Rank: Veteran Joined: 7/8/2008 Posts: 947
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sparkly wrote:tom_boy wrote:2012 wrote:I started buying shares in the NSE in 1998. I have not seen it this bad yet. Not that the shares never used to lose value significantly, it used to happen but you'd not worry since you knew that fundamentals were strong and this was just a trend - it was like the weather. Now, the hope is no longer there in the NSE,fundamental are weak and it feels more like gambling than investing. Who else feels this way? Woi, take cover guys, @mugundaman will come out once more with dc manenos However, I have not despaired yet. After accounting for dividends, my portfolio is only 300sh in the black. Not too bad. Unless Kenya descends into total anarchy, the sun will surely rise in the NSE. This is a market cycle. Cycles can last upto 10yrs. Best time to do your buying but cautiously. He will come here with stories of red hawt economy, home ownership journeys and booming real estate. Reality: 1. Only public sector and curruption sector are growing, fueled by chinese loans, eurobond and insatiable greed of govt officials; 2. Private sector starved of funds because of rate caps and govt not paying up debts owed; 3. Businesses that should be thriving are reporting losses, retrenching employees or collapsing all together e.g. ARM, Uchumi, Barclays, Nakumatt, Choppies, KQ, KP; 4. How are the shamba based businesses doing? Ask Suraya, Home Afrika, Centum, Housing Finance etc Bottomline is that the private sector is in direct competition with public sector and corruption sectors and it is not doing very well. Try sell a shamba to genuine hardworking Kenyans today utajua hujui. This is why this DC maneno hawt story works on Wazua. You have more "investors" in the forum. That is people looking to park money for the foreseeable future. But the people pushing on the dustbowl hawt manenos have been in the lands market and know that getting in ni harusi getting out is matanga. Teh people pushing to but but on the forum do not reflect the reality. The people being fired from these companies will start selling their ploti maguta maguta and the same depression that is happening in the apartment market is coming to cast it's gloom on the ploti maguta maguta. It's rought ochea!
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Rank: Elder Joined: 1/8/2018 Posts: 2,211 Location: DC (Dustbowl County)
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tom_boy wrote:2012 wrote:I started buying shares in the NSE in 1998. I have not seen it this bad yet. Not that the shares never used to lose value significantly, it used to happen but you'd not worry since you knew that fundamentals were strong and this was just a trend - it was like the weather. Now, the hope is no longer there in the NSE,fundamental are weak and it feels more like gambling than investing. Who else feels this way?
Woi, take cover guys, @mugundaman will come out once more with dc manenos However, I have not despaired yet. After accounting for dividends, my portfolio is only 300sh in the black. Not too bad. Unless Kenya descends into total anarchy, the sun will surely rise in the NSE. This is a market cycle. Cycles can last upto 10yrs. Best time to do your buying but cautiously.  I will not rub it in today except to say I told ya so. There has been a structural shift with regards to the NSE. Everyone has realised it is a con game and rigged kabisa in Kenya so they have been exiting in droves for the past 10 years. After all the scandals no right thinking Kenyan should invest in this casino. You will be the last ones left hanging on for dear life to tattered stocks. I will not mention the joys we are enjoying in terms of returns in DC having sat out of the brutal NSE shaving because that indeed would be rubbing more salt into the wound
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Rank: Elder Joined: 1/8/2018 Posts: 2,211 Location: DC (Dustbowl County)
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sparkly wrote:tom_boy wrote:2012 wrote:I started buying shares in the NSE in 1998. I have not seen it this bad yet. Not that the shares never used to lose value significantly, it used to happen but you'd not worry since you knew that fundamentals were strong and this was just a trend - it was like the weather. Now, the hope is no longer there in the NSE,fundamental are weak and it feels more like gambling than investing. Who else feels this way? Woi, take cover guys, @mugundaman will come out once more with dc manenos However, I have not despaired yet. After accounting for dividends, my portfolio is only 300sh in the black. Not too bad. Unless Kenya descends into total anarchy, the sun will surely rise in the NSE. This is a market cycle. Cycles can last upto 10yrs. Best time to do your buying but cautiously. He will come here with stories of red hawt economy, home ownership journeys and booming real estate. Reality: 1. Only public sector and curruption sector are growing, fueled by chinese loans, eurobond and insatiable greed of govt officials; 2. Private sector starved of funds because of rate caps and govt not paying up debts owed; 3. Businesses that should be thriving are reporting losses, retrenching employees or collapsing all together e.g. ARM, Uchumi, Barclays, Nakumatt, Choppies, KQ, KP; 4. How are the shamba based businesses doing? Ask Suraya, Home Afrika, Centum, Housing Finance etc Bottomline is that the private sector is in direct competition with public sector and corruption sectors and it is not doing very well. Try sell a shamba to genuine hardworking Kenyans today utajua hujui. After being hit by the reality that the crumbling casino is going nowhere fast and his battered portfolio is getting shaved thoroughly, Sparkles launches a pre-emptive attack on the booming real estate sector! My ribs!
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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MugundaMan wrote:sparkly wrote:tom_boy wrote:2012 wrote:I started buying shares in the NSE in 1998. I have not seen it this bad yet. Not that the shares never used to lose value significantly, it used to happen but you'd not worry since you knew that fundamentals were strong and this was just a trend - it was like the weather. Now, the hope is no longer there in the NSE,fundamental are weak and it feels more like gambling than investing. Who else feels this way? Woi, take cover guys, @mugundaman will come out once more with dc manenos However, I have not despaired yet. After accounting for dividends, my portfolio is only 300sh in the black. Not too bad. Unless Kenya descends into total anarchy, the sun will surely rise in the NSE. This is a market cycle. Cycles can last upto 10yrs. Best time to do your buying but cautiously. He will come here with stories of red hawt economy, home ownership journeys and booming real estate. Reality: 1. Only public sector and curruption sector are growing, fueled by chinese loans, eurobond and insatiable greed of govt officials; 2. Private sector starved of funds because of rate caps and govt not paying up debts owed; 3. Businesses that should be thriving are reporting losses, retrenching employees or collapsing all together e.g. ARM, Uchumi, Barclays, Nakumatt, Choppies, KQ, KP; 4. How are the shamba based businesses doing? Ask Suraya, Home Afrika, Centum, Housing Finance etc Bottomline is that the private sector is in direct competition with public sector and corruption sectors and it is not doing very well. Try sell a shamba to genuine hardworking Kenyans today utajua hujui. After being hit by the reality that the crumbling casino is going nowhere fast and his battered portfolio is getting shaved thoroughly, Sparkles launches a pre-emptive attack on the booming real estate sector! My ribs! Fast Moving Consumer Goods (FMCG) Enterprises are closing down and you want to tell us that real estate is booming? Kuwa seriousLife is short. Live passionately.
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Rank: Elder Joined: 7/28/2015 Posts: 9,562 Location: Rodi Kopany, Homa Bay
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I got into the NSE during the safaricom, Kengen, eveready IPOs. Then added NIC and KQ. Then safaricom went down to 2 bob and neveready died. Sold everything though still have some odd lots. I never want to hear about NSE upus again. Saves me the stress of watching prices, charts, prompt boards everyday.
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Rank: Member Joined: 3/1/2019 Posts: 170 Location: Nairobi
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hardwood wrote:I got into the NSE during the safaricom, Kengen, eveready IPOs. Then added NIC and KQ. Then safaricom went down to 2 bob and neveready died. Sold everything though still have some odd lots. I never want to hear about NSE upus again. Saves me the stress of watching prices, charts, prompt boards everyday. Seems you made all the errors mentioned to be avoided in any investor's guide Neve sell in panic and avoid emotions with investing
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Rank: Member Joined: 3/1/2019 Posts: 170 Location: Nairobi
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The NSE is going to rise up trust me... companies that are led by professionals and are taking advantage of the latest technologies and changing economic landscape like safaricom and kcb will thrive. forget the other bs companies with clearly questionable fundamentals or those that smell like political interference, any company that exhibit some kind of cartel-like behaviour are to be avoided too.
With that in mind, value and money is going to be made, I can guarantee that, even foreign investors are flocking in droves into NSE but their focus is the kind of companies I mentioned.
Watch this thread.
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Rank: Elder Joined: 12/7/2012 Posts: 11,901
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hardwood wrote:I got into the NSE during the safaricom, Kengen, eveready IPOs. Then added NIC and KQ. Then safaricom went down to 2 bob and neveready died. Sold everything though still have some odd lots. I never want to hear about NSE upus again. Saves me the stress of watching prices, charts, prompt boards everyday. Got the statement of one of my cdsc accounts juzi - for August 2019, (reactivated coz of recent Kenya Re bonus issue), I just laughed. Some of the odd lots in there are crazy + useless. To imagine I once bought into the companies is just creepy. #BlueChip - Max 4 companies; BAT, Safcom, Stanchart & Jubilee. In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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Take cover in Bitcoin...You can't go wrong in this one...A new game changer on the globe.  John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 1/8/2018 Posts: 2,211 Location: DC (Dustbowl County)
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Jumping from NSE casino to bitfraud is like dismounting a speeding car that is on fire into a massive lake of boiling lava and thinking you are extremely smart.
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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MugundaMan wrote:Jumping from NSE casino to bitfraud is like dismounting a speeding car that is on fire into a massive lake of boiling lava and thinking you are extremely smart. Hakuna biashara haina changamoto lakini la muhimu ni kujua vile unakabiliana na cheche za kupoteza hela... We apply Technical Analysis aka TA while wading through the murky 'lava' ...the end of the story money is made while idle investing in real estate is crumbling due to oversupply. In Mombasa I have seen unoccupied office spaces increasing each day... Tafakari ya babu @MugundaMan John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 1/8/2018 Posts: 2,211 Location: DC (Dustbowl County)
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Spikes wrote:MugundaMan wrote:Jumping from NSE casino to bitfraud is like dismounting a speeding car that is on fire into a massive lake of boiling lava and thinking you are extremely smart. Hakuna biashara haina changamoto lakini la muhimu ni kujua vile unakabiliana na cheche za kupoteza hela... We apply Technical Analysis aka TA while wading through the murky 'lava' ...the end of the story money is made while idle investing in real estate is crumbling due to oversupply. In Mombasa I have seen unoccupied office spaces increasing each day... Tafakari ya babu @MugundaMan No wonder when I asked rwitre to provide the fundamentals of Bitcoin for analysis, all he could do was post some crumbling links to Forbes the basic sum of which was "value of bitcoin is subjective." He did not even know the meaning of the term. But bleeding red on bitfraud is his expertise. TA (whether for Equities, Debt or Bitfraud) is laughable voodoo science. This is why you hear of many FA billionaires but ZERO millionaires let alone Billionaires who made their money from TA in any of the three fields. TA is no different from how they used to mine for oil in Texas. A woman with loose britches would dance vigorously over a spot of land. Wherever her britches fell to the ground is where they would mine.
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Rank: Member Joined: 3/8/2018 Posts: 507 Location: Nairobi
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MugundaMan wrote:Spikes wrote:MugundaMan wrote:Jumping from NSE casino to bitfraud is like dismounting a speeding car that is on fire into a massive lake of boiling lava and thinking you are extremely smart. Hakuna biashara haina changamoto lakini la muhimu ni kujua vile unakabiliana na cheche za kupoteza hela... We apply Technical Analysis aka TA while wading through the murky 'lava' ...the end of the story money is made while idle investing in real estate is crumbling due to oversupply. In Mombasa I have seen unoccupied office spaces increasing each day... Tafakari ya babu @MugundaMan No wonder when I asked rwitre to provide the fundamentals of Bitcoin for analysis, all he could do was post some crumbling links to Forbes the basic sum of which was "value of bitcoin is subjective." He did not even know the meaning of the term. But bleeding red on bitfraud is his expertise. TA (whether for Equities, Debt or Bitfraud) is laughable voodoo science. This is why you hear of many FA billionaires but ZERO millionaires let alone Billionaires who made their money from TA in any of the three fields. TA is no different from how they used to mine for oil in Texas. A woman with loose britches would dance vigorously over a spot of land. Wherever her britches fell to the ground is where they would mine. Different categories of people: 1. Flatearthers who believe the earth is flat regardless of what you show or tell them. 2. Anti-vaxx moms who believe the entire pharmaceutical industry is a scam, and vaccines will kill their kids. 3. Political fanatics who know that their party is all that matters, and differing opinions are useless. Hold a conversation with any of these people, and you will learn your lesson on prioritizing the debates you want to expend your energy on. MM, you share the same attributes as these people when it comes to investing, and are simply not worth the effort.
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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rwitre wrote:MugundaMan wrote:Spikes wrote:MugundaMan wrote:Jumping from NSE casino to bitfraud is like dismounting a speeding car that is on fire into a massive lake of boiling lava and thinking you are extremely smart. Hakuna biashara haina changamoto lakini la muhimu ni kujua vile unakabiliana na cheche za kupoteza hela... We apply Technical Analysis aka TA while wading through the murky 'lava' ...the end of the story money is made while idle investing in real estate is crumbling due to oversupply. In Mombasa I have seen unoccupied office spaces increasing each day... Tafakari ya babu @MugundaMan No wonder when I asked rwitre to provide the fundamentals of Bitcoin for analysis, all he could do was post some crumbling links to Forbes the basic sum of which was "value of bitcoin is subjective." He did not even know the meaning of the term. But bleeding red on bitfraud is his expertise. TA (whether for Equities, Debt or Bitfraud) is laughable voodoo science. This is why you hear of many FA billionaires but ZERO millionaires let alone Billionaires who made their money from TA in any of the three fields. TA is no different from how they used to mine for oil in Texas. A woman with loose britches would dance vigorously over a spot of land. Wherever her britches fell to the ground is where they would mine. Different categories of people: 1. Flatearthers who believe the earth is flat regardless of what you show or tell them. 2. Anti-vaxx moms who believe the entire pharmaceutical industry is a scam, and vaccines will kill their kids. 3. Political fanatics who know that their party is all that matters, and differing opinions are useless. Hold a conversation with any of these people, and you will learn your lesson on prioritizing the debates you want to expend your energy on. MM, you share the same attributes as these people when it comes to investing, and are simply not worth the effort. A good summary who MM is.  John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 1/8/2018 Posts: 2,211 Location: DC (Dustbowl County)
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Again, when unable to respond cogently to the issues raised by MM about your voodoo science, 1) respond with garbage sideshows of zero substance, or 2) ATTACK his person or better yet, 3) Seek to get him BANNED from Wazoo. My ribs! Spikes and rwitre have still not told us why, If Bitcoin is such a "profitable" enterprise with crazy high returns. 1. How come there are no known bitcoin multimillionaires/billionaires in Kenya? - The ones on the NSE are all known - The ones in real estate are all known You would assume if Bitfrauders are making 1000% returns per annum, they could start with 100k and become billionaires through compounding in a few years right? Waaaapi? Some of these chaps do not even own a decent mkebe of a car let alone any delusional bitcoin "profits" Could it be because Spikes and Rwitre are bleeding red daily in their bitfraud portfolios and the only place where their phantom profits are taking place is in their minds?
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