qw25041985 wrote:@VituVingiSana . u expect kk to rise enough to buy your rights. Thats just a dream.take it from me.With international oil prices hitting lows of 85.00 specualtion to push up the prices willnt be there.
And with no new financial release coming up in a very very long time .This kenolkobil isnt goin anywhere for the time big.....
Maybe you cn sell some kenya-airways assuming you were shrewd enough to pick it up @ 43.00 to buy your kplc rights.
@ VituVingiSana: You may just get your wish to use KenolKobil to pick up your KPLC rights. I have been monitoring this stock for sometime now and i believe it is ripe for a price correction to the Ksh 11-12 range in the coming two weeks.I picked a large chunk today at Ksh 10 for my investment portfolio. The fundamentals are great for this company and it also issues a healthy dividend.
Kestrel Capital(KenolKobil's soulmate)has started drumming up support for the stock with a Buy recommendation (issued yesterday evening).The effects of this recommendation are already visible as demand for the counter picked up today versus diminishing supply.
Although Kestrel values the KenolKobil share at Ksh 16.50 (forward P/E of 14.45 based on anticipated EPS of Ksh 1.14 for 2010/2011); my conservative estimate would be a forward P/E of 12 hence a short term target price of Ksh 13.70 within the next six months (A 37% capital gain).
This is the share to watch next week (of course together with KPLC as the share price bottoms out to the Ksh 21.50 - 22.50 range).
Happy hunting