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Is the NSE Dead??
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VituVingiSana
#61 Posted : Thursday, October 19, 2023 10:16:32 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,055
Location: Nairobi
Angelica _ann wrote:
KCB is yet to see bad things. For Safaricom, Ethiopia will take time to bring positive contribution to the profits & Ndegwa still doesn't inspire 3+ years down the line.

Let me swear & die with the traditional; BAT, Stanchart & ABSA. Thinking of Williamson & Kapchorua 🤔

All "controlled" by foreigners smile

ABSA's market cap > KCB market cap shows how much KCB's share price has fallen. Huge NPLs.

I really enjoy the dividends from WTK/KTC but the catch is politics come 2027. I think in 2008 they had equipment that was destroyed.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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My 2 cents
#62 Posted : Tuesday, October 24, 2023 5:28:34 PM
Rank: Veteran


Joined: 6/2/2010
Posts: 1,059
Nikubaya!!!!!!!
When will we reach bottom for heavensake!!!!
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wukan
#63 Posted : Wednesday, October 25, 2023 8:12:58 AM
Rank: Veteran


Joined: 11/13/2015
Posts: 1,568
My 2 cents wrote:
Nikubaya!!!!!!!
When will we reach bottom for heavensake!!!!


Relax the macros are starting to moderate. Dollar index failed to get to march to 110. Local bond yields are now above eurobond. CBK finally stopped maintaining the artificial exchange rate.

Always good to remember when George Soros was shorting the pound he had hedged by also buying UK equities. Currency depreciations are good for equities.


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My 2 cents
#64 Posted : Wednesday, October 25, 2023 1:48:27 PM
Rank: Veteran


Joined: 6/2/2010
Posts: 1,059
The Kenya shilling is chasing bonds and USD. Meaning investors are generally buying these two assets - Bonds and USD. The CBK governor has just stated that the shilling is still over-valued. So those who are wisely protecting their purchasing power are divesting from the Kenya Shilling.
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VituVingiSana
#65 Posted : Wednesday, October 25, 2023 2:13:30 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,055
Location: Nairobi
wukan wrote:
My 2 cents wrote:
Nikubaya!!!!!!!
When will we reach bottom for heavensake!!!!


Relax the macros are starting to moderate. Dollar index failed to get to march to 110. Local bond yields are now above eurobond. CBK finally stopped maintaining the artificial exchange rate.

Always good to remember when George Soros was shorting the pound he had hedged by also buying UK equities. Currency depreciations are good for equities.


Currency depreciations are good for equities.
Not for all equities.

Firms with huge FX loans suffering huge FX losses
KPLC
KQ
Unga

And many, many more.

Unless you are net cash [no FX debt] eg Carbacid or an exporter eg WTK, you will suffer losses.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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wukan
#66 Posted : Wednesday, October 25, 2023 2:15:22 PM
Rank: Veteran


Joined: 11/13/2015
Posts: 1,568
My 2 cents wrote:
The Kenya shilling is chasing bonds and USD. Meaning investors are generally buying these two assets - Bonds and USD. The CBK governor has just stated that the shilling is still over-valued. So those who are wisely protecting their purchasing power are divesting from the Kenya Shilling.


Bulls make money, bears make money, pigs get slaughtered.

Every housewife is now talking about infrastructure bonds and USD. A shoeshine lad will tell you Kshs is headed to 200. It's time to get out of that trade
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VituVingiSana
#67 Posted : Wednesday, October 25, 2023 2:16:16 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,055
Location: Nairobi
My 2 cents wrote:
The Kenya shilling is chasing bonds and USD. Meaning investors are generally buying these two assets - Bonds and USD. The CBK governor has just stated that the shilling is still over-valued. So those who are wisely protecting their purchasing power are divesting from the Kenya Shilling.

USD MMFs > KES Bonds > Equities for now.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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wukan
#68 Posted : Wednesday, October 25, 2023 2:17:22 PM
Rank: Veteran


Joined: 11/13/2015
Posts: 1,568

Pigs get slaughtered

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VituVingiSana
#69 Posted : Wednesday, October 25, 2023 2:23:11 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,055
Location: Nairobi
wukan wrote:
My 2 cents wrote:
The Kenya shilling is chasing bonds and USD. Meaning investors are generally buying these two assets - Bonds and USD. The CBK governor has just stated that the shilling is still over-valued. So those who are wisely protecting their purchasing power are divesting from the Kenya Shilling.


Bulls make money, bears make money, pigs get slaughtered.

Every housewife is now talking about infrastructure bonds and USD. A shoeshine lad will tell you Kshs is headed to 200. It's time to get out of that trade

Jibran Qureishi of Stanbic told us about the KES falling like a rock lakini Njoro threatened Stanbic KE.
Anyway, here we are!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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VituVingiSana
#70 Posted : Wednesday, October 25, 2023 2:28:47 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,055
Location: Nairobi
wukan wrote:

Pigs get slaughtered


Ghana did not default on its bonds Laughing out loudly
They just restructured them to pay 0% when inflation is 40% Laughing out loudly
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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wukan
#71 Posted : Thursday, October 26, 2023 8:08:20 AM
Rank: Veteran


Joined: 11/13/2015
Posts: 1,568
Quote:
Retail investors have loaned the Kenyan government an extra Sh174 billion this year as they flee from the stock market which has lost 29.4 percent of its wealth since January.


Source

You can't make this stuff upPray

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obiero
#72 Posted : Thursday, October 26, 2023 2:59:15 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,475
Location: nairobi
wukan wrote:
Quote:
Retail investors have loaned the Kenyan government an extra Sh174 billion this year as they flee from the stock market which has lost 29.4 percent of its wealth since January.


Source

You can't make this stuff upPray


Benjamin Graham has always been right

HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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wukan
#73 Posted : Wednesday, December 06, 2023 6:28:14 AM
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Joined: 11/13/2015
Posts: 1,568
Pigs get slaughtered.smile



Let's see how this plays
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wukan
#74 Posted : Thursday, March 14, 2024 2:20:52 PM
Rank: Veteran


Joined: 11/13/2015
Posts: 1,568
wukan wrote:
My 2 cents wrote:
The Kenya shilling is chasing bonds and USD. Meaning investors are generally buying these two assets - Bonds and USD. The CBK governor has just stated that the shilling is still over-valued. So those who are wisely protecting their purchasing power are divesting from the Kenya Shilling.


Bulls make money, bears make money, pigs get slaughtered.

Every housewife is now talking about infrastructure bonds and USD. A shoeshine lad will tell you Kshs is headed to 200. It's time to get out of that trade


Reason I like trading macros, you catch the wind it will sail you far.

USD speculators got a good kick in the nuts. Equities was a good hedgesmile
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