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Kenol Trades
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VituVingiSana
#1 Posted : Tuesday, April 07, 2009 10:09:00 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,095
Location: Nairobi
D&B did a shady deal by selling 1.4mn Kenol shares across their books at 30/- on the prompt board. There are NO sellers for Kenol at the moment. NSE needs to leave out these trades for VWAP purposes.

*** At 1.05pm there were bids at 33 for 392,000 shares but no sellers. So the share will remain illiquid for a long time.

Greedy when others are fearful,Very fearful when others are greedy - to paraphrase WB
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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VituVingiSana
#2 Posted : Tuesday, April 07, 2009 10:11:00 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,095
Location: Nairobi
The 1.4mn share trade was done yesterday. The ordinary/normal board had bids at 49 but very small trades happened as the results were quite good considering the hassles for Kenol in 2008 due to PEV & high crude prices.

Greedy when others are fearful,Very fearful when others are greedy - to paraphrase WB
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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