Davison, yes too many counters r very hard to monitor n will be planing to dispose most of the second board n ace counters when I've recovered some of the losses. Censof is doing well today up 7sen probably some good news coming.
I think today the directors still acquired shares of this counter that's why it was steady n had gone up. Directors of this company are the good supporters n never let the company down.
Lol it's weird i read few of the U.S investment book few of them say its not good to invest in dairy product stock. But in Malaysia dairy product stock like Nestle and Dutch Lady all perform very well. Maybe U.S people don't like drink coco or milk lol.
Does it mean the allocated share for the public holding? As when the company goes for listing, the company need to allocate certain amount of shares(10%, 20%) to the public.
Pls correct me if I'm wrong as I'm still a noob in this area too.
Fitfit, if I'm not mistaken it means that the shares of the company owned by the public should not be less than 25% of the paid-up share capital of the company. Correct me if I'm wrong or can anyone shares a better explanation. Tq.
How nice it would be if Pwroot could reward its shareholders with bonus issue of warrants for supporting the company all this while as it has not issue any warrants before. What do u all think shareholders?
Egypt contribute significant revenue for the international market revenue and this country having crisis. As such, they need to expand other market faster to cover the Egypt issue and at the same time wait Egypt to stabilize. Review this counter again on next year.
Egypt stocks hit high since 2011 uprising Egypt stocks hit high since 2011 uprising Text Size Published: Wednesday, 18 Dec 2013 | 11:13 AM ET By: Yousef Gamal El-Din | Anchor, CNBC (EMEA) Twitter 12 LinkedIn 1 Share
Shawn Baldwin | Bloomberg | Getty Images
Egypt's benchmark stock index edged to its highest level in nearly three years on Wednesday, securing additional gains on the back of another government stimulus package to the tune of $4.36 billion.
As the Arab world's most populous country grinds through a transition overseen by the army, investors have largely taken repeated protests and pervasive violence in stride. A referendum on a revised constitution has been slated to take place on Jan. 14 and 15, paving the way for parliamentary and presidential elections later in the year.
The EGX 30 closed Wednesday at 6,723.64, up 3.24 points, its highest close since Jan. 24, 2011.
The size of the stimulus package, unveiled on Monday, was larger than authorities had previously indicated, and follows a $3.2 billion package launched last August.
(Read more: Egypt on edge as Mursi trial adjourned)
Formerly a favorite among emerging market players, this time around the rally has predominantly been driven by local investors. Return on the benchmark EGX 30 since the fall of Mohamed Mursi on July 3 is 26 percent, and 22 percent over the last three months. Play VideoEgypt is a 'leader' in Middle East: Mobius Mark Mobius, executive chairman of Franklin Templeton Emerging Markets Group, is no stranger to political upheaval. He tells CNBC where in the region he sees the best potential, and why he is positive on Egypt. "We expected back in July when we upgraded our rating on Egypt to 'overweight' that the market would reach 6,300 points, so at these levels, three weeks before referendum, the market has rallied ahead of itself a bit," Karim Khadr, head of research at CI Capital, told CNBC.
The central bank under its new governor, Hisham Ramez, adopted an expansionary monetary policy in August, and cut benchmark interest rates at three out of the last four Monetary Policy Committee meetings. The strategy may help explain the recent spike in inflation, which reached a four-year high of 13 percent in December.
GDP growth has been lackluster due to the nation's political volatility, with the government targeting 3.5 percent in the year ending in June 2014.
(Read more: Egypt fights to rekindle economy with rate cuts)
Currency pressures have eased, supported by ongoing aid flows from oil-wealthy Gulf states such as Saudi Arabia, Kuwait and the United Arab Emirates. Foreign reserves have come off from all-time lows and the Egyptian pound has strengthened against the U.S. dollar. As a result, fears of an imminent currency devaluation have for the most part subsided.
Still, Egypt's foreign currency reserves stood at $17.76 billion at the end of November, a fall by some $825 million compared with the previous month and the third-successive decline. However, analysts have told CNBC that the drop may be a blip because of a repatriation of deposits to Qatar. Play VideoHow to invest in Egypt Hisham El-Khazindar, managing director and co-founder of Citadel Capital, says that people looking to invest in Egypt and North Africa should think on a 10- to 20-year horizon.In comments published by the local press earlier this week, Ramez revealed some capital controls would be eased next month, including a controversial limit of $100,000 for foreign currency transfers abroad.
Yet the interim government has postponed the tough decisions, including a politically sensitive subsidy overhaul urged by the International Monetary Fund to contain the widening budget deficit. Crucial drivers of economic growth, such as foreign direct investment and tourism are still far from the figures reached before the uprising on Jan. 25, 2011.
Mark Mobius, executive chairman of Franklin Templeton Emerging Markets Group, told CNBC's "Access: Middle East" last week that he remained bullish about Egypt.
"It's a leader in the Middle East. What happens in Egypt effects all of the North African countries," the veteran investor, who oversees $53 billion in assets and has exposure to Egypt, explained.
"The government has stated that they do want to continue having open markets after they get over this problem with foreign exchange limitation. So the orientation is positive."
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
vinvin
4,494 posts
Posted by vinvin > 2013-09-12 07:36 | Report Abuse
So so lah but also lost a lot in ace n second board counters .....................some stilll keeping in paper loss.