guru267 wrote:Bugatti wrote:Guys when could the results of NIC and BBK be released? And at what prices could they rally upto.I have held at these counters for 2 yrs till now am tired.Any info i will appreciate
BBK will announce nothing special so the price will probably remain stable
@guru267
BBK is expected to show improved profits by financial yr end through an extra ordinary item {they are divesting in custodial business} of 3.5 billion or so. Am not sure if it will be included in the 3Q.
@Bugatti Veyron
Did you know Bugatti veyron super sport is the fastest standard production car on land? 431 Kmh. Price, 240 million kenya money.
Now, if I were you, I would not divest from BBK untill they release their financial yr report.
On the other hand, NIC is a keeps share.
I will touch Kengen only when I know where the 25 billion is at this moment and what interest it is earning. If less than 12.5, then shareholders are in trouble for the next 2yrs. Otherwise, the company must pay the 12.5% to bond holders for the next so many yrs whether the funds are utilized or not. They will tell you the money was consumed by drought or other expenses while the truth is they are using their profits to cover for the bond interest shortfall. Can you prove otherwise? no.
Centum don't touch till towards end of 2013. Among the board of directors, their is one who is not ethical especially if past behaviour is anything to go by. He has already sold a considerable chunk of his shares in the company less than a yr ago. He is known to salivate when he sees young girls. So, anything can happen. i.e., they told you that when everyone is getting into real estate, head the other way. When everyone is talking and getting into the stockmarket {you here about it even from the makanga on baba ndogo route}, you should be exiting. Centum is getting into real estate when everybody else is doing the same. NSSF is getting in, HF, S&L, and a myriad of other housing development companies including tatu city and gated community villages etc.
Mumias, get out at 12 if you can, unless they say Tarda project is starting by December. Equity, hold on and forget you ever bought the shares, your son or daughter might require the dividends for high school and university.
Go overdrive in purchasing the goods when there's blood on the streets, expecially if the blood is your own