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Lost Kshs. 30 Billion in 24 hours!!!
MaichBlack
#1 Posted : Tuesday, May 20, 2014 11:43:32 AM
Rank: Elder


Joined: 7/22/2009
Posts: 7,265
So how much have you lost in the stock market this year? Last year? The last five years combined?? And you think you are having a rough time?? Yours is just but a walk in the park.

Imagine losing 30 Billion in value of your stock holding in just 24 hours

Now imagine having lost approximately 64 Billion Shillings in value of your stock holding since March this year!!!

In March you were worth Kshs. 136 Billion and today you are worth "only" Kshs. 72 Billion. Double Ouch!!!

How to lose a third of your fortune in 24 hours!!!
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
Angelica _ann
#2 Posted : Tuesday, May 20, 2014 11:45:44 AM
Rank: Elder


Joined: 12/7/2012
Posts: 10,701
Just read that uko Yahoo news and i was like whah. That is massive. But it is his business so he understands it better!
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
Mukiri
#3 Posted : Tuesday, May 20, 2014 8:28:13 PM
Rank: Elder


Joined: 7/11/2012
Posts: 5,202
I remember the first Eddie Murphy, stand-up comedy, I watched. That when a millionaire loses half his fortune, its somewhat ok. But when you only have hundreds/thousands and you lose half...

Proverbs 19:21
2Czar
#4 Posted : Saturday, May 18, 2019 11:17:20 PM
Rank: New-farer


Joined: 12/28/2018
Posts: 62
Location: Helsingborg, Sweden
So who was the person who lost that much really ? I clearly don't get it, or it was some sort of a company here ? Please do let me know, is it World Wrestling Entertainment ? I see them trading as of $83 per stock price, so it's really adds up just now.
obiero
#5 Posted : Sunday, May 19, 2019 10:57:33 AM
Rank: Elder


Joined: 6/23/2009
Posts: 12,033
Location: nairobi
Mike Maina Kamau top individual KQ shareholder had 64,398,940 shares prior to restructuring, held at a last traded cost of KES 5.30 per share worth KES 341M .. After the restructuring, dilution was effected at a ratio of 4:1 implying current holding of 16,099,735 at KES 3.30 worth KES 53M.. Worth noting that he held his position over many years thus his actual ABP could be as high as KES 30 per share or more.. KES 1.9B turned into KES 53M.. A sad case
COOP 5,500; KCB 3,700; KNRE 100,000; KQ 221,100
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