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119 Pages«<117118119
Madness at the NSE
VituVingiSana
#2361 Posted : Sunday, May 09, 2021 8:26:37 AM
Rank: Chief


Joined: 1/3/2007
Posts: 17,559
Location: Nairobi
cyruskulei wrote:
Realtreaty wrote:
For long time holders the Covid-19 went against Warren Buffet ideals.
.
There is no more attraction in NSE today as holding at 25 and coming to sell at 5 is the worst investment game during shortage of revenue from both own investment and General employment.


Hapa u have expressed pure truth. But to be strong and stay alive might be the only short term option

Berkshire is trading at an all-time high in May 2021.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#2362 Posted : Sunday, May 09, 2021 8:51:17 AM
Rank: Elder


Joined: 12/4/2009
Posts: 9,855
Location: NAIROBI
VituVingiSana wrote:
cyruskulei wrote:
Realtreaty wrote:
For long time holders the Covid-19 went against Warren Buffet ideals.
.
There is no more attraction in NSE today as holding at 25 and coming to sell at 5 is the worst investment game during shortage of revenue from both own investment and General employment.


Hapa u have expressed pure truth. But to be strong and stay alive might be the only short term option

Berkshire is trading at an all-time high in May 2021.


There is alot of liquidity in the American market due to the stimulus plan.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Sufficiently Philanga....thropic
#2363 Posted : Friday, June 25, 2021 11:15:04 AM
Rank: Elder


Joined: 9/23/2010
Posts: 2,160
Location: Sundowner,Amboseli
Been more than a year since Corona came calling and our good old NSE20 is yet to reclaim the 2,000 handleSad
Still stranded at sub 2,000Pray

Markets
Sufficiently Philanga....thropic
#2364 Posted : Friday, June 25, 2021 11:20:04 AM
Rank: Elder


Joined: 9/23/2010
Posts: 2,160
Location: Sundowner,Amboseli
With white elephants crossing KES9 trillion, equivallent to the size of Kenya's entire economy, maybe, just maybe, it might take some miracle for our good old NSE20 to cross the 2,000 mark and stay above it before elections happen next August.


Tenderpreneurs AKA Tano Terror
Markets
mlennyma
#2365 Posted : Thursday, July 08, 2021 12:41:09 PM
Rank: Elder


Joined: 7/21/2010
Posts: 6,116
Location: nairobi
Top banks breaking 52week high
"Don't let the fear of losing be greater than the excitement of winning."
doubletap
#2366 Posted : Tuesday, July 13, 2021 3:26:27 PM
Rank: Member


Joined: 7/17/2014
Posts: 129
Location: Wherethewindblows
[quote=Esstiko]Any idea on Gitogo's sale of 11 million cic shares?

https://www.businessdail...SXaud6M_NWxuPS-S9gu-5YI[/quote]

A bit late to comment on this but just thought that directors of loss making public traded companies should not be given packages like all is well and leave the company worse off due to there poor decisions taken when they were in the driving seat. In my view think there remuneration should be based on yearly performance same way shareholders get dividends when the company does well. Then those salaries... etc.
You have to learn the rules of the game. And then you have to play better than anyone else - Albert Einstein
doubletap
#2367 Posted : Tuesday, July 13, 2021 3:51:11 PM
Rank: Member


Joined: 7/17/2014
Posts: 129
Location: Wherethewindblows
A quick question when comparing stocks. How important is E/P? Was thinking about

Kakuzi:
Share price:372.75,
E/P: 31.74,
Dividend: 18(2020)

Safaricom
Share price: 41.20
E/P:1.71,
Dividend: 0.92(2020)

which would be the better share?
You have to learn the rules of the game. And then you have to play better than anyone else - Albert Einstein
Receptor
#2368 Posted : Tuesday, July 13, 2021 4:41:11 PM
Rank: New-farer


Joined: 7/1/2019
Posts: 78
Sufficiently Philanga....thropic wrote:
Been more than a year since Corona came calling and our good old NSE20 is yet to reclaim the 2,000 handleSad
Still stranded at sub 2,000Pray




No hope of recovery here. Atleast not soon. I have seen people predicting recovery in 2022, others 2023, 2024, 2025 but it is highly unlikely that the NSE 20 will go past 3000 points in the next bull run. As @Wukan pointed out, the Kenyan economy is structurally flawed and requires a major shift. I have seen top 2022 presidential contenders pushing rhetoric about how to fix economy. Hustler is talking about bottoms-up, middle-out approach and Baba is talking about devolution of resources and stimulus package for rural-folk and subsistence farmers. Like the animals in George Orwell's Animal Farm, i cannot tell the difference of Hustler-economics and Baba-economics. They seem to be saying the same thing
Ericsson
#2369 Posted : Tuesday, July 13, 2021 8:55:15 PM
Rank: Elder


Joined: 12/4/2009
Posts: 9,855
Location: NAIROBI
doubletap wrote:
[quote=Esstiko]Any idea on Gitogo's sale of 11 million cic shares?

https://www.businessdail...SXaud6M_NWxuPS-S9gu-5YI[/quote]

A bit late to comment on this but just thought that directors of loss making public traded companies should not be given packages like all is well and leave the company worse off due to there poor decisions taken when they were in the driving seat. In my view think there remuneration should be based on yearly performance same way shareholders get dividends when the company does well. Then those salaries... etc.


Tom Gitogo tried his best in turning around the company.
Are you able to point out a poor decision he made.Plus that was the package he negotiated/was given when he was appointed.
The decisions leading to the poor performance were made before Tom became ceo.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
doubletap
#2370 Posted : Wednesday, July 14, 2021 10:50:53 AM
Rank: Member


Joined: 7/17/2014
Posts: 129
Location: Wherethewindblows
Ericsson wrote:
doubletap wrote:
[quote=Esstiko]Any idea on Gitogo's sale of 11 million cic shares?

https://www.businessdail...SXaud6M_NWxuPS-S9gu-5YI[/quote]

A bit late to comment on this but just thought that directors of loss making public traded companies should not be given packages like all is well and leave the company worse off due to there poor decisions taken when they were in the driving seat. In my view think there remuneration should be based on yearly performance same way shareholders get dividends when the company does well. Then those salaries... etc.


Tom Gitogo tried his best in turning around the company.
Are you able to point out a poor decision he made.Plus that was the package he negotiated/was given when he was appointed.
The decisions leading to the poor performance were made before Tom became ceo.



Cannot point out what he has done as CEO but it is apparent the measures he did put in place did not achieve the goals hence my sentiments. Performance based remuneration, a modest/great salary then a bonus based on yearly performance would safeguard the shareholders and the CEO.
You have to learn the rules of the game. And then you have to play better than anyone else - Albert Einstein
Ericsson
#2371 Posted : Wednesday, July 14, 2021 11:27:59 AM
Rank: Elder


Joined: 12/4/2009
Posts: 9,855
Location: NAIROBI
doubletap wrote:
Ericsson wrote:
doubletap wrote:
[quote=Esstiko]Any idea on Gitogo's sale of 11 million cic shares?

https://www.businessdail...SXaud6M_NWxuPS-S9gu-5YI[/quote]

A bit late to comment on this but just thought that directors of loss making public traded companies should not be given packages like all is well and leave the company worse off due to there poor decisions taken when they were in the driving seat. In my view think there remuneration should be based on yearly performance same way shareholders get dividends when the company does well. Then those salaries... etc.


Tom Gitogo tried his best in turning around the company.
Are you able to point out a poor decision he made.Plus that was the package he negotiated/was given when he was appointed.
The decisions leading to the poor performance were made before Tom became ceo.



Cannot point out what he has done as CEO but it is apparent the measures he did put in place did not achieve the goals hence my sentiments. Performance based remuneration, a modest/great salary then a bonus based on yearly performance would safeguard the shareholders and the CEO.


He ventured the company into the quoted equities whose value on the balance sheet grew ten times.
As for the others it was tough since the company had a corporate bond which they were paying annual interest of ksh.650mn.
Then they had/have land assets yielding zero cashflow returns.
They have pegged sale of them as key to turnaround strategy.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
cnn
#2372 Posted : Tuesday, August 17, 2021 10:54:23 AM
Rank: Veteran


Joined: 6/17/2009
Posts: 1,577
Really enjoying the market,for a second time in 18 months KCB giving a handsome return,first i rode the interest rate repeal gain...sold early last year,got back in the 30s in the covid induced bear,now back to 50.
Sufficiently Philanga....thropic
#2373 Posted : Tuesday, August 17, 2021 1:56:18 PM
Rank: Elder


Joined: 9/23/2010
Posts: 2,160
Location: Sundowner,Amboseli
NSE20 set to reclaim the 2000 handle it lost in June 2020 this week.
Next hurdle will be 3,000 last seen in Feb 2019.
Long way ahead but as the political formations get clearer, so will the NSE20.

Markets
Sufficiently Philanga....thropic
#2374 Posted : Tuesday, August 17, 2021 1:59:35 PM
Rank: Elder


Joined: 9/23/2010
Posts: 2,160
Location: Sundowner,Amboseli
cnn wrote:
Really enjoying the market,for a second time in 18 months KCB giving a handsome return,first i rode the interest rate repeal gain...sold early last year,got back in the 30s in the covid induced bear,now back to 50.

Memba's solid 98% PAT H1 2021 growth just gave the market the much needed spark.
KCB will announce tomorrow after market close.
Street estimates come in at 65-70% EPS growth.
Markets
mlennyma
#2375 Posted : Tuesday, August 17, 2021 4:25:29 PM
Rank: Elder


Joined: 7/21/2010
Posts: 6,116
Location: nairobi
Sufficiently Philanga....thropic wrote:
cnn wrote:
Really enjoying the market,for a second time in 18 months KCB giving a handsome return,first i rode the interest rate repeal gain...sold early last year,got back in the 30s in the covid induced bear,now back to 50.

Memba's solid 98% PAT H1 2021 growth just gave the market the much needed spark.
KCB will announce tomorrow after market close.
Street estimates come in at 65-70% EPS growth.


kcb should give an interim to create more steam
"Don't let the fear of losing be greater than the excitement of winning."
Ericsson
#2376 Posted : Wednesday, August 18, 2021 2:48:16 AM
Rank: Elder


Joined: 12/4/2009
Posts: 9,855
Location: NAIROBI
Sufficiently Philanga....thropic wrote:
cnn wrote:
Really enjoying the market,for a second time in 18 months KCB giving a handsome return,first i rode the interest rate repeal gain...sold early last year,got back in the 30s in the covid induced bear,now back to 50.

Memba's solid 98% PAT H1 2021 growth just gave the market the much needed spark.
KCB will announce tomorrow after market close.
Street estimates come in at 65-70% EPS growth.


KCB growth will be 100%+
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ebenyo
#2377 Posted : Wednesday, August 18, 2021 9:41:12 AM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,983
Location: Kitale
Ericsson wrote:
Sufficiently Philanga....thropic wrote:
cnn wrote:
Really enjoying the market,for a second time in 18 months KCB giving a handsome return,first i rode the interest rate repeal gain...sold early last year,got back in the 30s in the covid induced bear,now back to 50.

Memba's solid 98% PAT H1 2021 growth just gave the market the much needed spark.
KCB will announce tomorrow after market close.
Street estimates come in at 65-70% EPS growth.


KCB growth will be 100%+


It's just the LLP provisions which will be reduced.
Towards the goal of financial freedom
Sufficiently Philanga....thropic
#2378 Posted : Thursday, August 19, 2021 9:48:34 AM
Rank: Elder


Joined: 9/23/2010
Posts: 2,160
Location: Sundowner,Amboseli
Ericsson wrote:
Sufficiently Philanga....thropic wrote:
cnn wrote:
Really enjoying the market,for a second time in 18 months KCB giving a handsome return,first i rode the interest rate repeal gain...sold early last year,got back in the 30s in the covid induced bear,now back to 50.

Memba's solid 98% PAT H1 2021 growth just gave the market the much needed spark.
KCB will announce tomorrow after market close.
Street estimates come in at 65-70% EPS growth.


KCB growth will be 100%+

Applause Applause Applause Spot on.Net Earnings up 102%
EPS growth 60% to 8.53.

Markets
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