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Is the NSE Dead??
Jon Jones
#1 Posted : Wednesday, June 16, 2021 6:58:28 AM
Rank: Member


Joined: 9/11/2015
Posts: 203
Location: Thika
Nowadays, most money in Kenya is in Private Equity. Companies are choosing to stay unlisted and sourcing for funds from private investors.

Usually, private companies only list when they want to offload shells on wananchi. The real quality small and medium companies are avoiding the stock exchange at all costs.

The era of quality companies on the NSE is coming to an end. In the last 10 years, very few quality companies have listed. Since 2010-11, most of the companies that have listed were shells being sold to the common man.

For wazuans, you guys might need to look for investment opportunities elsewhere because decent investable companies are no longer listing.

It was by sheer luck that Nakumatt wasn't offloaded to wananchi on time.
Since men have learned to shoot without missing, I have learned to fly without perching
subaru
#2 Posted : Wednesday, June 16, 2021 10:14:05 AM
Rank: Member


Joined: 3/15/2010
Posts: 386
Location: nairobie
some were indeed shells and we have paid heavily for that so do you have any opportunities elsewhere we can jump to
Ericsson
#3 Posted : Wednesday, June 16, 2021 10:33:59 AM
Rank: Elder


Joined: 12/4/2009
Posts: 9,934
Location: NAIROBI
Jon Jones wrote:
Nowadays, most money in Kenya is in Private Equity. Companies are choosing to stay unlisted and sourcing for funds from private investors.

Usually, private companies only list when they want to offload shells on wananchi. The real quality small and medium companies are avoiding the stock exchange at all costs.

The era of quality companies on the NSE is coming to an end. In the last 10 years, very few quality companies have listed. Since 2010-11, most of the companies that have listed were shells being sold to the common man.

For wazuans, you guys might need to look for investment opportunities elsewhere because decent investable companies are no longer listing.

It was by sheer luck that Nakumatt wasn't offloaded to wananchi on time.



Fix the economy, everything else will follow.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Jon Jones
#4 Posted : Wednesday, June 16, 2021 7:47:12 PM
Rank: Member


Joined: 9/11/2015
Posts: 203
Location: Thika
subaru wrote:
some were indeed shells and we have paid heavily for that so do you have any opportunities elsewhere we can jump to

In the last 5 years, private equity deals in Kenya have totaled $1.5 billion.
Link: https://www.standardmedi...on-private-equity-deals

Kenya ranks third in Private Equity in Africa after South Africa and Nigeria. Decent local companies such as Java, Quickmart etc chose the private equity route instead of listing. Only garbage lands in the NSE.

For more opportunities, you will have to look internationally, look into other asset classes e.g crypto, local businesses ie partnerships etc.
Since men have learned to shoot without missing, I have learned to fly without perching
Jon Jones
#5 Posted : Wednesday, June 16, 2021 7:51:59 PM
Rank: Member


Joined: 9/11/2015
Posts: 203
Location: Thika
Ericsson wrote:
Jon Jones wrote:
Nowadays, most money in Kenya is in Private Equity. Companies are choosing to stay unlisted and sourcing for funds from private investors.

Usually, private companies only list when they want to offload shells on wananchi. The real quality small and medium companies are avoiding the stock exchange at all costs.

The era of quality companies on the NSE is coming to an end. In the last 10 years, very few quality companies have listed. Since 2010-11, most of the companies that have listed were shells being sold to the common man.

For wazuans, you guys might need to look for investment opportunities elsewhere because decent investable companies are no longer listing.

It was by sheer luck that Nakumatt wasn't offloaded to wananchi on time.



Fix the economy, everything else will follow.

Easier said than done. As an investor (not politician), you have no say. You can only vote with your feet ie seeking opportunities elsewhere.

I have been a wazuan for almost 10 years, some as a guest. There is a strong correlation between traffic to this website with how well the local stock market is doing. The smart investors became inactive because opportunities disappeared. We have been in a protracted drawdown since 1st January 2007 when the market hit 5774 points. Today we are at 1911 points 14 years later with no end in sight. It has been hard to make any money in the NSE for the last 7 years. A 67% drawdown. Some people have made money, but generally, the average investor has been underwater for 14 years.

Today the NSE 20 share index is where it was in 2003.
Since men have learned to shoot without missing, I have learned to fly without perching
McGill
#6 Posted : Wednesday, June 16, 2021 9:00:21 PM
Rank: New-farer


Joined: 8/1/2019
Posts: 54
Jon Jones wrote:
subaru wrote:
some were indeed shells and we have paid heavily for that so do you have any opportunities elsewhere we can jump to

In the last 5 years, private equity deals in Kenya have totaled $1.5 billion.
Link: https://www.standardmedi...on-private-equity-deals

Kenya ranks third in Private Equity in Africa after South Africa and Nigeria. Decent local companies such as Java, Quickmart etc chose the private equity route instead of listing. Only garbage lands in the NSE.

For more opportunities, you will have to look internationally, look into other asset classes e.g crypto, local businesses ie partnerships etc.


You can join forces with some Wazuans and buyout some good local companies.
Ericsson
#7 Posted : Thursday, June 17, 2021 8:35:05 AM
Rank: Elder


Joined: 12/4/2009
Posts: 9,934
Location: NAIROBI
Jon Jones wrote:
Ericsson wrote:
Jon Jones wrote:
Nowadays, most money in Kenya is in Private Equity. Companies are choosing to stay unlisted and sourcing for funds from private investors.

Usually, private companies only list when they want to offload shells on wananchi. The real quality small and medium companies are avoiding the stock exchange at all costs.

The era of quality companies on the NSE is coming to an end. In the last 10 years, very few quality companies have listed. Since 2010-11, most of the companies that have listed were shells being sold to the common man.

For wazuans, you guys might need to look for investment opportunities elsewhere because decent investable companies are no longer listing.

It was by sheer luck that Nakumatt wasn't offloaded to wananchi on time.



Fix the economy, everything else will follow.

Easier said than done. As an investor (not politician), you have no say. You can only vote with your feet ie seeking opportunities elsewhere.

I have been a wazuan for almost 10 years, some as a guest. There is a strong correlation between traffic to this website with how well the local stock market is doing. The smart investors became inactive because opportunities disappeared. We have been in a protracted drawdown since 1st January 2007 when the market hit 5774 points. Today we are at 1911 points 14 years later with no end in sight. It has been hard to make any money in the NSE for the last 7 years. A 67% drawdown. Some people have made money, but generally, the average investor has been underwater for 14 years.

Today the NSE 20 share index is where it was in 2003.



You become an active trader,if you see the company you have invested in things are starting to go south,you jump out and protect your losses or exit with your minimal profit.
There are other options to protect your capital such as money market,government securities
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Receptor
#8 Posted : Friday, June 18, 2021 10:51:28 AM
Rank: New-farer


Joined: 7/1/2019
Posts: 78
Jon Jones wrote:
Nowadays, most money in Kenya is in Private Equity. Companies are choosing to stay unlisted and sourcing for funds from private investors.

Usually, private companies only list when they want to offload shells on wananchi. The real quality small and medium companies are avoiding the stock exchange at all costs.

The era of quality companies on the NSE is coming to an end. In the last 10 years, very few quality companies have listed. Since 2010-11, most of the companies that have listed were shells being sold to the common man.

For wazuans, you guys might need to look for investment opportunities elsewhere because decent investable companies are no longer listing.

It was by sheer luck that Nakumatt wasn't offloaded to wananchi on time.


hehehehe...fatigue in the casino is real. The 14-year old bear is taking its toll on wazuans like @Jon Jones. My brother this is the time you should be stacking grossly undervalued gems in the NSE/casino like a nonsense.

As for listing quality firms, Devki is on record promising a listing on NSE. Other wahindis making insane profits from Kenyans should also be cajoled to list their companies and "give back" to wazua capitalists who have a knack in investing in stocks.

The way things are going, Kenya will need some sort of legislation to compel companies(especially foreign companies) to forfeit minority shareholding to Kenyans through NSE.
Ericsson
#9 Posted : Friday, June 18, 2021 11:51:48 AM
Rank: Elder


Joined: 12/4/2009
Posts: 9,934
Location: NAIROBI
Receptor wrote:
Jon Jones wrote:
Nowadays, most money in Kenya is in Private Equity. Companies are choosing to stay unlisted and sourcing for funds from private investors.

Usually, private companies only list when they want to offload shells on wananchi. The real quality small and medium companies are avoiding the stock exchange at all costs.

The era of quality companies on the NSE is coming to an end. In the last 10 years, very few quality companies have listed. Since 2010-11, most of the companies that have listed were shells being sold to the common man.

For wazuans, you guys might need to look for investment opportunities elsewhere because decent investable companies are no longer listing.

It was by sheer luck that Nakumatt wasn't offloaded to wananchi on time.


hehehehe...fatigue in the casino is real. The 14-year old bear is taking its toll on wazuans like @Jon Jones. My brother this is the time you should be stacking grossly undervalued gems in the NSE/casino like a nonsense.

As for listing quality firms, Devki is on record promising a listing on NSE. Other wahindis making insane profits from Kenyans should also be cajoled to list their companies and "give back" to wazua capitalists who have a knack in investing in stocks.

The way things are going, Kenya will need some sort of legislation to compel companies(especially foreign companies) to forfeit minority shareholding to Kenyans through NSE.


The foreign companies it's not guaranteed they are doing well financially.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Aguytrying
#10 Posted : Saturday, June 19, 2021 9:16:56 AM
Rank: Elder


Joined: 7/11/2010
Posts: 5,037
Jon Jones wrote:
subaru wrote:
some were indeed shells and we have paid heavily for that so do you have any opportunities elsewhere we can jump to

In the last 5 years, private equity deals in Kenya have totaled $1.5 billion.
Link: https://www.standardmedi...on-private-equity-deals

Kenya ranks third in Private Equity in Africa after South Africa and Nigeria. Decent local companies such as Java, Quickmart etc chose the private equity route instead of listing. Only garbage lands in the NSE.

For more opportunities, you will have to look internationally, look into other asset classes e.g crypto, local businesses ie partnerships etc.


It is difficult to disagree with you. The slump / bear market has lasted way too long. An investor who switched to other ventures would have had a much higher chance of making profits. I'm not saying leave the NSE completely, buy undervalued gems. But invest in other more profitable ventures in the meanwhile. Spread out your exposure while reducing NSE investments. For example Just seen a tweet today that DSE Tz stock exchange is up 40% this year with a dividend yield of 12% to boot.
The investor's chief problem - and even his worst enemy - is likely to be himself
muandiwambeu
#11 Posted : Saturday, June 19, 2021 1:18:14 PM
Rank: Veteran


Joined: 8/28/2015
Posts: 1,243
Jon Jones wrote:
Nowadays, most money in Kenya is in Private Equity. Companies are choosing to stay unlisted and sourcing for funds from private investors.

Usually, private companies only list when they want to offload shells on wananchi. The real quality small and medium companies are avoiding the stock exchange at all costs.

The era of quality companies on the NSE is coming to an end. In the last 10 years, very few quality companies have listed. Since 2010-11, most of the companies that have listed were shells being sold to the common man.

For wazuans, you guys might need to look for investment opportunities elsewhere because decent investable companies are no longer listing.

It was by sheer luck that Nakumatt wasn't offloaded to wananchi on time.

It's even harder to disagree. An economist would say an economy dies, but I disagree, economy is an abstraction to conceal real persons like you and me who are likely to exterminate having lost their livelihoods.
If you believe in your economy, then u believe in your life and a brighter future, vv is also true. It doesn't matter how high or low you might be. Wakeup to reality of real living.
,Behold, a sower went forth to sow;....
McGill
#12 Posted : Sunday, June 20, 2021 9:53:13 AM
Rank: New-farer


Joined: 8/1/2019
Posts: 54
Aguytrying wrote:
Jon Jones wrote:
subaru wrote:
some were indeed shells and we have paid heavily for that so do you have any opportunities elsewhere we can jump to

In the last 5 years, private equity deals in Kenya have totaled $1.5 billion.
Link: https://www.standardmedi...on-private-equity-deals

Kenya ranks third in Private Equity in Africa after South Africa and Nigeria. Decent local companies such as Java, Quickmart etc chose the private equity route instead of listing. Only garbage lands in the NSE.

For more opportunities, you will have to look internationally, look into other asset classes e.g crypto, local businesses ie partnerships etc.


It is difficult to disagree with you. The slump / bear market has lasted way too long. An investor who switched to other ventures would have had a much higher chance of making profits. I'm not saying leave the NSE completely, buy undervalued gems. But invest in other more profitable ventures in the meanwhile. Spread out your exposure while reducing NSE investments. For example Just seen a tweet today that DSE Tz stock exchange is up 40% this year with a dividend yield of 12% to boot.


I think it's Nigerian Stock Exchange and not DSE.
Ericsson
#13 Posted : Sunday, June 20, 2021 11:46:26 AM
Rank: Elder


Joined: 12/4/2009
Posts: 9,934
Location: NAIROBI
Jon Jones wrote:
Ericsson wrote:
Jon Jones wrote:
Nowadays, most money in Kenya is in Private Equity. Companies are choosing to stay unlisted and sourcing for funds from private investors.

Usually, private companies only list when they want to offload shells on wananchi. The real quality small and medium companies are avoiding the stock exchange at all costs.

The era of quality companies on the NSE is coming to an end. In the last 10 years, very few quality companies have listed. Since 2010-11, most of the companies that have listed were shells being sold to the common man.

For wazuans, you guys might need to look for investment opportunities elsewhere because decent investable companies are no longer listing.

It was by sheer luck that Nakumatt wasn't offloaded to wananchi on time.



Fix the economy, everything else will follow.

Easier said than done. As an investor (not politician), you have no say. You can only vote with your feet ie seeking opportunities elsewhere.

I have been a wazuan for almost 10 years, some as a guest. There is a strong correlation between traffic to this website with how well the local stock market is doing. The smart investors became inactive because opportunities disappeared. We have been in a protracted drawdown since 1st January 2007 when the market hit 5774 points. Today we are at 1911 points 14 years later with no end in sight. It has been hard to make any money in the NSE for the last 7 years. A 67% drawdown. Some people have made money, but generally, the average investor has been underwater for 14 years.

Today the NSE 20 share index is where it was in 2003.


NSE 20 share index is a good barometer,a better gauge is the individual counter you own or hold.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#14 Posted : Sunday, June 20, 2021 11:48:06 AM
Rank: Elder


Joined: 12/4/2009
Posts: 9,934
Location: NAIROBI
Aguytrying wrote:
Jon Jones wrote:
subaru wrote:
some were indeed shells and we have paid heavily for that so do you have any opportunities elsewhere we can jump to

In the last 5 years, private equity deals in Kenya have totaled $1.5 billion.
Link: https://www.standardmedi...on-private-equity-deals

Kenya ranks third in Private Equity in Africa after South Africa and Nigeria. Decent local companies such as Java, Quickmart etc chose the private equity route instead of listing. Only garbage lands in the NSE.

For more opportunities, you will have to look internationally, look into other asset classes e.g crypto, local businesses ie partnerships etc.


It is difficult to disagree with you. The slump / bear market has lasted way too long. An investor who switched to other ventures would have had a much higher chance of making profits. I'm not saying leave the NSE completely, buy undervalued gems. But invest in other more profitable ventures in the meanwhile. Spread out your exposure while reducing NSE investments. For example Just seen a tweet today that DSE Tz stock exchange is up 40% this year with a dividend yield of 12% to boot.


Safaricom is up 20% year to date
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
sparkly
#15 Posted : Tuesday, June 29, 2021 11:26:27 AM
Rank: Elder


Joined: 9/23/2009
Posts: 8,001
Location: Enk are Nyirobi
In this market, we just collect dividends and chill out.

Thankfully, BAT, I&M, Centum, Kenya Re, Kengen and NCBA have come through with dividends since Covid started.
Life is short. Live passionately.
xtina
#16 Posted : Tuesday, June 29, 2021 11:44:38 AM
Rank: Member


Joined: 6/26/2008
Posts: 346
sparkly wrote:
In this market, we just collect dividends and chill out.

Thankfully, BAT, I&M, Centum, Kenya Re, Kengen and NCBA have come through with dividends since Covid started.


Stanchart and Stanbic too, plus dividends from my sacco.
VituVingiSana
#17 Posted : Tuesday, June 29, 2021 12:44:15 PM
Rank: Chief


Joined: 1/3/2007
Posts: 17,594
Location: Nairobi
xtina wrote:
sparkly wrote:
In this market, we just collect dividends and chill out.

Thankfully, BAT, I&M, Centum, Kenya Re, Kengen and NCBA have come through with dividends since Covid started.


Stanchart and Stanbic too, plus dividends from my sacco.
Didn't NCBA stiff us in 2020? Announced then cancelled? I&M (respect) came though in 2020 and 2021.

Kenya Re in 2020 was very low but better than zero. They can do better with all the cash it has.

BAT is awesome. Also Jubilee. Stanchart reduced it but better than cancelling it like Equity (2 years with zero dividends).
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
sparkly
#18 Posted : Wednesday, June 30, 2021 8:41:14 AM
Rank: Elder


Joined: 9/23/2009
Posts: 8,001
Location: Enk are Nyirobi
VituVingiSana wrote:
xtina wrote:
sparkly wrote:
In this market, we just collect dividends and chill out.

Thankfully, BAT, I&M, Centum, Kenya Re, Kengen and NCBA have come through with dividends since Covid started.


Stanchart and Stanbic too, plus dividends from my sacco.
Didn't NCBA stiff us in 2020? Announced then cancelled? I&M (respect) came though in 2020 and 2021.

Kenya Re in 2020 was very low but better than zero. They can do better with all the cash it has.

BAT is awesome. Also Jubilee. Stanchart reduced it but better than cancelling it like Equity (2 years with zero dividends).


NCBA paid 2020 dividends 2 weeks ago.
Life is short. Live passionately.
Ericsson
#19 Posted : Wednesday, June 30, 2021 9:03:30 AM
Rank: Elder


Joined: 12/4/2009
Posts: 9,934
Location: NAIROBI
sparkly wrote:
VituVingiSana wrote:
xtina wrote:
sparkly wrote:
In this market, we just collect dividends and chill out.

Thankfully, BAT, I&M, Centum, Kenya Re, Kengen and NCBA have come through with dividends since Covid started.


Stanchart and Stanbic too, plus dividends from my sacco.
Didn't NCBA stiff us in 2020? Announced then cancelled? I&M (respect) came though in 2020 and 2021.

Kenya Re in 2020 was very low but better than zero. They can do better with all the cash it has.

BAT is awesome. Also Jubilee. Stanchart reduced it but better than cancelling it like Equity (2 years with zero dividends).


NCBA paid 2020 dividends 2 weeks ago.

He meant for the FY2019 dividends whose payment date was in 2020.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
VituVingiSana
#20 Posted : Wednesday, June 30, 2021 9:08:55 AM
Rank: Chief


Joined: 1/3/2007
Posts: 17,594
Location: Nairobi
sparkly wrote:
VituVingiSana wrote:
xtina wrote:
sparkly wrote:
In this market, we just collect dividends and chill out.

Thankfully, BAT, I&M, Centum, Kenya Re, Kengen and NCBA have come through with dividends since Covid started.


Stanchart and Stanbic too, plus dividends from my sacco.
Didn't NCBA stiff us in 2020? Announced then cancelled? I&M (respect) came though in 2020 and 2021.

Kenya Re in 2020 was very low but better than zero. They can do better with all the cash it has.

BAT is awesome. Also Jubilee. Stanchart reduced it but better than cancelling it like Equity (2 years with zero dividends).


NCBA paid 2020 dividends 2 weeks ago.

"Didn't NCBA stiff us in 2020?" Kiingereza ilikuja na meli Laughing out loudly
IN 2020 not for FY2020.
Didn't NCBA announce dividends for FY2019 in 2020 and then cancel in 2020?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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