Wazua
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PLAYING THE MARKET-A NEW YEAR RESOLUTION
Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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Today I raised my stake in jubilee holdings and now it represents 37% of my holdings which is The highest... I see 380bob on this counter march next year and i still won't sell... Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 9/15/2006 Posts: 3,905
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guru267 wrote:Today I raised my stake in jubilee holdings and now it represents 37% of my holdings which is The highest... Good on you  congratulations!
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Rank: New-farer Joined: 6/17/2010 Posts: 71 Location: Kenya
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@stockmaster: Took up some of KCB at .25 cents above your purchase price. At the same time I took up some Co-op. Looking at co-op, is there any particular reason why you have none or do you some. I believe it is a fantastic stock going forward. When we wake up in the morning, we have two simple choices. Go back to sleep and dream, or wake up and chase those dreams. The choice is yours! .
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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shauriyako wrote:@stockmaster: Took up some of KCB at .25 cents above your purchase price.
At the same time I took up some Co-op. Looking at co-op, is there any particular reason why you have none or do you some. I believe it is a fantastic stock going forward. How can you hold two banking stocks with similar models?? You should choose one Mark 12:29
Deuteronomy 4:16
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Rank: Member Joined: 9/26/2006 Posts: 410 Location: CENTRAL PROVINCE
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ACTIVITY 12: PURCHASE OF 12800 KCB SHARES AT AVERAGE PRICE OF KSH 19.30
DATE: 20TH SEPTEMBER 2010
VALUE OF PURCHASE: KSH 19.30 X 12800 = KSH247,040
ADD 2% TRANSACTION COST = KSH 4940
TOTAL COST TRANSACTION = KSH 251,980
CASH IN HAND AFTER ACTIVITY 11 ; KSH 253,275
CASH USED IN ACTIVITY 12: KSH 251,980
CASH IN HAND AFTER ACTIVITY 12: KSH 1295
SUMMARY OF PORTFOLIO AFTER ACTIVITY 12:
KCB SHARES - 22,800
SCBK SHARES - 2,111
CASH IN HAND - KSH 1295
RATIONALE OF PURCHASE
The KCB Share seems to be moving towards the Ksh 20 range and hence my earlier purchase target of below Ksh 19 is not practical.
My target exit price is Ksh 26 or March 2011 whichever comes first.
Happy hunting
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Rank: New-farer Joined: 6/17/2010 Posts: 71 Location: Kenya
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guru267 wrote:shauriyako wrote:@stockmaster: Took up some of KCB at .25 cents above your purchase price.
At the same time I took up some Co-op. Looking at co-op, is there any particular reason why you have none or do you some. I believe it is a fantastic stock going forward. How can you hold two banking stocks with similar models?? You should choose one @guru: Because the model works. Its the end results that count. Both banks will post good results come March 2011 - I hope to exit then. My portfollio though financials heavy is diversified enough. When we wake up in the morning, we have two simple choices. Go back to sleep and dream, or wake up and chase those dreams. The choice is yours! .
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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@shauri experience has taught me that its better to concentrate your forces. Very frustrating to see a share triple in price kumbe you only invested 2% of your portifolio in it. Diversifying for the sake of it doesn't help. Life is short. Live passionately.
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Rank: New-farer Joined: 6/17/2010 Posts: 71 Location: Kenya
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@sparkly the flipside is equally true. I am open to being wisened up by anyone though. When we wake up in the morning, we have two simple choices. Go back to sleep and dream, or wake up and chase those dreams. The choice is yours! .
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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@stocksmaster welcome to the crew... We'll be ok by early 2011 or earlier Mark 12:29
Deuteronomy 4:16
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Rank: Member Joined: 6/25/2010 Posts: 176
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People.speculations on equity????? Rule No.1 is never lose money. Rule No.2 is never forget rule number one
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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guru267 wrote:@stocksmaster welcome to the crew... We'll be ok by early 2011 or earlier @stocksmaster is going longterm, for the first time we converge on one stock. Lets play! Life is short. Live passionately.
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Rank: Member Joined: 9/26/2006 Posts: 410 Location: CENTRAL PROVINCE
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END OF Q3 PORTFOLIO PERFORMANCE REPORT
VALUE OF PORTFOLIO AS AT 30TH SEPTEMBER 2010:
KCB: 22,800 SHARES X KSH 20.75= KSH 473,100
SCBK: 2111 SHARES X KSH 276 = 582,636
TOTAL VALUE OF SHARES PORTFOLIO: KSH 1,055,736
LESS 1.8% TRANSACTION COST ON SELLING: KSH 19,000
NET VALUE OF SHARES: KSH 1,036,736
ADD CASH IN HAND: KSH 1,295
TOTAL VALUE OF CASH AND SHARES: KSH 1,038,031
INITIAL CAPITAL(01/01/2010): KSH 527,850
NET PROFIT FOR THE NINE MONTHS ENDING 30TH SEPT 2010: KSH 510,181
NET PERCENTAGE PROFIT FOR NINE MONTHS: 96.7%
The banking sector shares are on an upward trajectory, a situation that i anticipate to continue as the third quarter results are released.
Stanchart:
The company conducted a successful rights issue and is expected to pay an interim dividend at the end of the third quarter results. I anticipate the share to trade at the Ksh 290 - 300 range by the end of October 2010 if an interim dividend is announced.
KCB:
I am more bullish on KCB based on its current attractive valuations. Currently trading at a P/E of about 13.2, the share still has alot of upside bearing in mind that its contemporaries ie Backlays and SCBK are trading at P/E's of 15 - 16, while Equity and Co-op Bank are trading at the 21-22 range.
With an anticipated growth in profits of about 25% for 2010 (compared to below 15% for Backlays), I anticipate that KCB will soon (Oct-Nov period)be trading at a P/E 14.5 hence a target price range of Ksh 22.5 - 23.5 for the next 8 weeks. At the end of February 2011, with the release of Year 2010 results which i anticipate to approximate an EPS of Ksh 2 and dividends per share of Ksh 1, then the share price should approximate Ksh 26 - 28 (P/E of 13 - 14).
With the extra capital coming from the rights issue and strengthening of the S&L morgage unit, a 35% rise in profitability is possible for 2011. This may well push the share to the Ksh 30-32 range by August 2011 (Once the half year results for 2011 confirm my prediction.
BAT remains the other attractive counter for the period Oct 2010 - March 2011. The company, like SCBK most likely will pay Ksh 20 between now and March 2011 (Interim dividend in Nov 2010 and final dividend at the release of end of year results).
The three counters listed above are my top 3 picks for the next six months, with KCB ranking as my top pick since its upward trajectory is anticipated to hit a ceiling of Ksh 32 by August-September 2011.
Happy hunting
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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IMPRESSIVE GOD BLESS YOUR LIFE
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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@stockmaster impressive performance. I agree with you on kcb, this stock will explode big time. I can't wait to see how you will make money on BAT. I am planning to exit at 300. Life is short. Live passionately.
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Rank: Chief Joined: 1/3/2007 Posts: 18,122 Location: Nairobi
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Top notch... In the real world + Fantasey Market... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 8/16/2009 Posts: 994
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@ Stocksmaster you are definately doubling your money. Your initial target was 50%, so you have twice exceeded it. Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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Rank: Elder Joined: 4/22/2009 Posts: 2,863
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@SM.....When you started this thread, most people thought you were out of your mind, now you have proved them wrong. Kudos!! The only counters you seem to have missed out on are KPLC and Equity. IF YOU EXPECT ME TO POST ANYTHING POSITIVE ABOUT ASENO, YOU MAY AS WELL SIT ON A PIN
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Rank: New-farer Joined: 5/3/2010 Posts: 69
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stocksmaster is a class act. kudos!
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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@stocksmaster will you trade this aggressively next year as the bull loses momentum? Life is short. Live passionately.
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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90% in 3 months!!! Move over stocksmaster. www.businessdailyafrica....2/-/9db3o4z/-/index.htmlGOD BLESS YOUR LIFE
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Wazua
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