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114 Pages«<110111112113114>
Madness at the NSE
aemathenge
#2221 Posted : Saturday, March 28, 2020 10:47:08 AM
Rank: Elder


Joined: 10/18/2008
Posts: 3,278
Location: Kerugoya
Balaa wrote:
Net loss? Really? Some of these reporters don't understand the basics of the subject matter they're reporting on.


My sentiments exactly.

As the name of this thread goes, these "reporters" are one of the reasons there is "madness at the NSE"
sparkly
#2222 Posted : Saturday, March 28, 2020 11:58:51 AM
Rank: Elder


Joined: 9/23/2009
Posts: 7,723
Location: Enk are Nyirobi
aemathenge wrote:
Balaa wrote:
Net loss? Really? Some of these reporters don't understand the basics of the subject matter they're reporting on.


My sentiments exactly.

As the name of this thread goes, these "reporters" are one of the reasons there is "madness at the NSE"


I think they distort the headlines just to get clicks.
Life is short. Live passionately.
the deal
#2223 Posted : Sunday, March 29, 2020 12:58:48 PM
Rank: Elder


Joined: 9/25/2009
Posts: 4,525
Location: Windhoek/Nairobbery
Everything is falling...even diversifying won't help...

1.buying the dips
2. cost averaging
3. Holding unto cash


Are the only strategies which can work...

Take for example the impact of covid-19 lockdowns on earnings and company fundamentals at the NSE will only be known form H2 2020...
VituVingiSana
#2224 Posted : Monday, March 30, 2020 2:18:05 AM
Rank: Chief


Joined: 1/3/2007
Posts: 17,005
Location: Nairobi
the deal wrote:
Everything is falling...even diversifying won't help...

1.buying the dips
2. cost averaging
3. Holding unto cash


Are the only strategies which can work...

Take for example the impact of covid-19 lockdowns on earnings and company fundamentals at the NSE will only be known form H2 2020...
Most firms will suffer in this environment. Those with cash reserves will survive and probably come out stronger.

Kenya has few or no firms in the "medical manufacturing" space which will see a boost. Or telemedicine or tech firms e.g. Zoom.

Safaricom is about the only "tech" firm on the NSE.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
murchr
#2225 Posted : Monday, March 30, 2020 6:07:12 PM
Rank: Elder


Joined: 2/26/2012
Posts: 15,521
VVS --- BOC Kenya?
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
VituVingiSana
#2226 Posted : Tuesday, March 31, 2020 8:30:11 AM
Rank: Chief


Joined: 1/3/2007
Posts: 17,005
Location: Nairobi
murchr wrote:
VVS --- BOC Kenya?
No idea.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Monk
#2227 Posted : Tuesday, March 31, 2020 1:16:54 PM
Rank: Member


Joined: 7/1/2009
Posts: 162
murchr wrote:
VVS --- BOC Kenya?


I'm curious too. I know this might sound distasteful to some, but with medical gases currently in high demand, is this pandemic a windfall for them?

sparkly
#2228 Posted : Tuesday, March 31, 2020 6:04:56 PM
Rank: Elder


Joined: 9/23/2009
Posts: 7,723
Location: Enk are Nyirobi
Monk wrote:
murchr wrote:
VVS --- BOC Kenya?


I'm curious too. I know this might sound distasteful to some, but with medical gases currently in high demand, is this pandemic a windfall for them?



Public Procurement manenos in Kenya. Electricity expansion has not changed the fortunes of EA Cables but it made some un-named individuals very rich.
Life is short. Live passionately.
slick
#2229 Posted : Wednesday, April 01, 2020 5:11:40 AM
Rank: Member


Joined: 6/1/2017
Posts: 261
wukan wrote:
NSE 20 has finally broken sub 2K to close at 1958

In the meantime FED has gone crazy and thrown in the mother of all QEs


Should CBK rescue our stock market and directly or indirectly buy stocks?Well first world central banks are doing so.Swiss and Japanese Central Banks are directly buying stocks with Bank of Japan buying Japanese ETFs and the Swiss Central bank buying US stocks like Facebook and Apple among others.The Fed was funding the Wall Street banks to buy stocks ever since GFC from their QE programs.Now the Fed is being more direct now.Through their recently launched program Primary Dealer Credit Facility (PDCF) the Fed is taking the large cap US stocks as collateral for repo loans to wall street primary dealer banks and hedge funds.Considering these loans are being rolled over when they mature,the Fed is keeping these stocks on their balance sheet thus essentially buying these stocks.Much of the rally in Wall Street in recent days has been attributed to this Fed intervention in the stock market.There is talk that Fed should outright buy US stocks.Its a banana republic style intervention nonetheless equities are rising due to this

Maybe Opus Dei should launch a similar facility here and rescue our equities and take Safaricom stock to 100 and KCB stock to 200?Laughing out loudly Laughing out loudly
Contrarian Investor and Trader.Advocate of free markets,limited government interference in the economy and sound money
lochaz-index
#2230 Posted : Wednesday, April 01, 2020 9:52:16 AM
Rank: Veteran


Joined: 9/18/2014
Posts: 1,116
Breaking below the 2000 mark on the NSE20 has scared the bulls in a mighty way. Short orders are not going through and have been in a limbo for two weeks on the trot despite the slight recovery in and across the market.
The main purpose of the stock market is to make fools of as many people as possible.
Ericsson
#2231 Posted : Wednesday, April 01, 2020 10:13:12 AM
Rank: Elder


Joined: 12/4/2009
Posts: 8,395
Location: NAIROBI
slick wrote:
wukan wrote:
NSE 20 has finally broken sub 2K to close at 1958

In the meantime FED has gone crazy and thrown in the mother of all QEs


Should CBK rescue our stock market and directly or indirectly buy stocks?Well first world central banks are doing so.Swiss and Japanese Central Banks are directly buying stocks with Bank of Japan buying Japanese ETFs and the Swiss Central bank buying US stocks like Facebook and Apple among others.The Fed was funding the Wall Street banks to buy stocks ever since GFC from their QE programs.Now the Fed is being more direct now.Through their recently launched program Primary Dealer Credit Facility (PDCF) the Fed is taking the large cap US stocks as collateral for repo loans to wall street primary dealer banks and hedge funds.Considering these loans are being rolled over when they mature,the Fed is keeping these stocks on their balance sheet thus essentially buying these stocks.Much of the rally in Wall Street in recent days has been attributed to this Fed intervention in the stock market.There is talk that Fed should outright buy US stocks.Its a banana republic style intervention nonetheless equities are rising due to this

Maybe Opus Dei should launch a similar facility here and rescue our equities and take Safaricom stock to 100 and KCB stock to 200?Laughing out loudly Laughing out loudly


Kenya needs more USD/Greenback.
If we can be able to get just $5bn free economic fortunes will change drastically.
Printing ksh will be catastrophic.
wukan
#2232 Posted : Wednesday, April 01, 2020 10:48:31 AM
Rank: Veteran


Joined: 11/13/2015
Posts: 1,386
slick wrote:
wukan wrote:
NSE 20 has finally broken sub 2K to close at 1958

In the meantime FED has gone crazy and thrown in the mother of all QEs


Should CBK rescue our stock market and directly or indirectly buy stocks?Well first world central banks are doing so.Swiss and Japanese Central Banks are directly buying stocks with Bank of Japan buying Japanese ETFs and the Swiss Central bank buying US stocks like Facebook and Apple among others.The Fed was funding the Wall Street banks to buy stocks ever since GFC from their QE programs.Now the Fed is being more direct now.Through their recently launched program Primary Dealer Credit Facility (PDCF) the Fed is taking the large cap US stocks as collateral for repo loans to wall street primary dealer banks and hedge funds.Considering these loans are being rolled over when they mature,the Fed is keeping these stocks on their balance sheet thus essentially buying these stocks.Much of the rally in Wall Street in recent days has been attributed to this Fed intervention in the stock market.There is talk that Fed should outright buy US stocks.Its a banana republic style intervention nonetheless equities are rising due to this

Maybe Opus Dei should launch a similar facility here and rescue our equities and take Safaricom stock to 100 and KCB stock to 200?Laughing out loudly Laughing out loudly


We just need to competitively devalue Kshs and blame it on corona. We will attract a lot of the QE infinity funds looking a for new home with our young population as a selling point.
slick
#2233 Posted : Wednesday, April 01, 2020 10:56:17 AM
Rank: Member


Joined: 6/1/2017
Posts: 261
Ericsson wrote:
slick wrote:
wukan wrote:
NSE 20 has finally broken sub 2K to close at 1958

In the meantime FED has gone crazy and thrown in the mother of all QEs


Should CBK rescue our stock market and directly or indirectly buy stocks?Well first world central banks are doing so.Swiss and Japanese Central Banks are directly buying stocks with Bank of Japan buying Japanese ETFs and the Swiss Central bank buying US stocks like Facebook and Apple among others.The Fed was funding the Wall Street banks to buy stocks ever since GFC from their QE programs.Now the Fed is being more direct now.Through their recently launched program Primary Dealer Credit Facility (PDCF) the Fed is taking the large cap US stocks as collateral for repo loans to wall street primary dealer banks and hedge funds.Considering these loans are being rolled over when they mature,the Fed is keeping these stocks on their balance sheet thus essentially buying these stocks.Much of the rally in Wall Street in recent days has been attributed to this Fed intervention in the stock market.There is talk that Fed should outright buy US stocks.Its a banana republic style intervention nonetheless equities are rising due to this

Maybe Opus Dei should launch a similar facility here and rescue our equities and take Safaricom stock to 100 and KCB stock to 200?Laughing out loudly Laughing out loudly


Kenya needs more USD/Greenback.
If we can be able to get just $5bn free economic fortunes will change drastically.
Printing ksh will be catastrophic.


Actually the Fed has setup currency swap lines with other major central banks like the European Central Bank,Bank of Japan,Bank of England,Bank of Canada,central banks in Australia, Brazil, South Korea, Mexico, Singapore, Sweden,Denmark, Norway, and New Zealand for these banks to hand over their local currencies to the Fed and Fed giving back USDs to re-liquify them with Greenbacks.These other central banks are creating new local currency and exchanging then with newly created Fed dollars.The Fed is only doing this with its allies.Obviously,Russia and China are not in the club for this but Moscow has largely de-dollarized so not a major problem for Putin and Beijing has over 1 trillion of USD denominated bonds as a buffer



https://www.bloomberg.co...dditional-central-banks

Apparently also our CBK isnt in the club too.KES just not important enough to qualify for the swap thus we shall continue to suffer dollar shortage.

Yes for now USD remains King relative to other fiat currencies despite Fed printing trillions but inevitably the USD will fall if the Fed keeps the printing press hot with trillions of extra liquidity.I wont be holding USD for the long term but currently USD is the "best asset" to hold
Contrarian Investor and Trader.Advocate of free markets,limited government interference in the economy and sound money
tony stark
#2234 Posted : Wednesday, April 01, 2020 1:35:22 PM
Rank: Veteran


Joined: 7/8/2008
Posts: 857
Monk wrote:
murchr wrote:
VVS --- BOC Kenya?


I'm curious too. I know this might sound distasteful to some, but with medical gases currently in high demand, is this pandemic a windfall for them?


Medical gases were a small part of their business. The increase in the medical gases will not make up for the losses from the industrial gases. Also there is a narrow window to make money from medical gases and if BOC isn't ready the oppurtunity disappears ... with the Kenyans who will pass away as well. BOC isn't well positioned to capitalize on this oppurtunity.
tony stark
#2235 Posted : Wednesday, April 01, 2020 1:39:15 PM
Rank: Veteran


Joined: 7/8/2008
Posts: 857
slick wrote:
Ericsson wrote:
slick wrote:
wukan wrote:
NSE 20 has finally broken sub 2K to close at 1958

In the meantime FED has gone crazy and thrown in the mother of all QEs


Should CBK rescue our stock market and directly or indirectly buy stocks?Well first world central banks are doing so.Swiss and Japanese Central Banks are directly buying stocks with Bank of Japan buying Japanese ETFs and the Swiss Central bank buying US stocks like Facebook and Apple among others.The Fed was funding the Wall Street banks to buy stocks ever since GFC from their QE programs.Now the Fed is being more direct now.Through their recently launched program Primary Dealer Credit Facility (PDCF) the Fed is taking the large cap US stocks as collateral for repo loans to wall street primary dealer banks and hedge funds.Considering these loans are being rolled over when they mature,the Fed is keeping these stocks on their balance sheet thus essentially buying these stocks.Much of the rally in Wall Street in recent days has been attributed to this Fed intervention in the stock market.There is talk that Fed should outright buy US stocks.Its a banana republic style intervention nonetheless equities are rising due to this

Maybe Opus Dei should launch a similar facility here and rescue our equities and take Safaricom stock to 100 and KCB stock to 200?Laughing out loudly Laughing out loudly


Kenya needs more USD/Greenback.
If we can be able to get just $5bn free economic fortunes will change drastically.
Printing ksh will be catastrophic.


Actually the Fed has setup currency swap lines with other major central banks like the European Central Bank,Bank of Japan,Bank of England,Bank of Canada,central banks in Australia, Brazil, South Korea, Mexico, Singapore, Sweden,Denmark, Norway, and New Zealand for these banks to hand over their local currencies to the Fed and Fed giving back USDs to re-liquify them with Greenbacks.These other central banks are creating new local currency and exchanging then with newly created Fed dollars.The Fed is only doing this with its allies.Obviously,Russia and China are not in the club for this but Moscow has largely de-dollarized so not a major problem for Putin and Beijing has over 1 trillion of USD denominated bonds as a buffer



https://www.bloomberg.co...dditional-central-banks

Apparently also our CBK isnt in the club too.KES just not important enough to qualify for the swap thus we shall continue to suffer dollar shortage.

Yes for now USD remains King relative to other fiat currencies despite Fed printing trillions but inevitably the USD will fall if the Fed keeps the printing press hot with trillions of extra liquidity.I wont be holding USD for the long term but currently USD is the "best asset" to hold


What long term. If this madness continues long term no asset will survive! USD is the only currency to hold for now.
VituVingiSana
#2236 Posted : Wednesday, April 01, 2020 1:44:25 PM
Rank: Chief


Joined: 1/3/2007
Posts: 17,005
Location: Nairobi
tony stark wrote:
Monk wrote:
murchr wrote:
VVS --- BOC Kenya?


I'm curious too. I know this might sound distasteful to some, but with medical gases currently in high demand, is this pandemic a windfall for them?


Medical gases were a small part of their business. The increase in the medical gases will not make up for the losses from the industrial gases. Also there is a narrow window to make money from medical gases and if BOC isn't ready the oppurtunity disappears ... with the Kenyans who will pass away as well. BOC isn't well positioned to capitalize on this oppurtunity.
An excellent point.
I have not looked at BOC in ages.
For those who are interested they should compare sales Industrial Gases vs Medical Gases. The former must have crashed with the closure of factories, etc while the latter may see a modest increase. 2020 is likely to be tough on BOC just it will be on many firms.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Sufficiently Philanga....thropic
#2237 Posted : Wednesday, April 01, 2020 3:59:08 PM
Rank: Elder


Joined: 9/23/2010
Posts: 2,088
Location: Sundowner,Amboseli
Meanwhile, NSE Bulls got served with a 21% shave in March. Last time such a close shave was administered was in February 2009.

Markets
lochaz-index
#2238 Posted : Thursday, April 02, 2020 1:16:40 PM
Rank: Veteran


Joined: 9/18/2014
Posts: 1,116
Sufficiently Philanga....thropic wrote:
Meanwhile, NSE Bulls got served with a 21% shave in March. Last time such a close shave was administered was in February 2009.


Emerging markets had $83 billion capital outflow in March despite being largely unscathed by the virus. That first wave sell-off is financial in nature (liquidations to cover losses/shortages/margin calls elsewhere).

The epicenter is now shifting from Europe to the US having done damage in most of Asia earlier. By end of April, the focus will slowly but surely land on EMs/FMs...for a sneak peak of how devastating that will be have a look at SA and India (currencies, debt, trade and stock markets). Second wave will be economic in nature (unemployment, bankruptcies, food shortages etc) which increases the odds of civil unrest during this phase.

By the end of Q2 if the global infection levels subside, then countries will begin to take stock of the damage inflicted. For heavily indebted countries, that will quickly usher in a debt crisis of its own consequences (low taxes, low fx reserves, increased debt burden et al). Without a debt moratorium or a wide ranging debt relief program by end of the year, then an L-recovery is the more likely scenario for KE.
The main purpose of the stock market is to make fools of as many people as possible.
watesh
#2239 Posted : Thursday, April 02, 2020 2:19:05 PM
Rank: Member


Joined: 8/10/2014
Posts: 810
Location: Kenya
Bank stocks spooked by this Moody's report: https://kenyanwallstreet...weather-covid-19-crisis/
Sufficiently Philanga....thropic
#2240 Posted : Friday, April 03, 2020 2:10:34 PM
Rank: Elder


Joined: 9/23/2010
Posts: 2,088
Location: Sundowner,Amboseli
NSE Bulls to reclaim 2000pts on the NSE20 today.
But negative figures on the Non Farm Payroll (NFP) due in an hours time may just spoil the party going forwardd'oh!
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