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PLAYING THE MARKET-A NEW YEAR RESOLUTION
Fomoney
#381 Posted : Sunday, January 02, 2011 6:23:57 PM
Rank: Member


Joined: 7/9/2006
Posts: 79
@SM, lesson learned. I'm signing up for next semester.True Wazuan of the year!
qw25041985
#382 Posted : Sunday, January 02, 2011 6:38:33 PM
Rank: User


Joined: 5/9/2010
Posts: 1,418
Location: Nai
@ SM. Congrats !You really inspire me !
Your future depends on your dreams so go to sleep !
PKoli
#383 Posted : Sunday, January 02, 2011 10:00:28 PM
Rank: Elder


Joined: 2/10/2007
Posts: 1,587
stocksmaster wrote:
The DTBK Q3 results are very impressive.

I had projected a 105% growth in Q3 2010 EPS versus 2009 Q3. They have returned a 118% growth.

An EPS of Ksh 10.83 for Q3 can be extrapolated to a 2010 full year EPS of Ksh 14.50. At current price of Ksh 128, the forward P/E is 8.8.

Bond trading was the main cash cow.That does not take away the thunder from the results because the same bond trading opportunity was available to the other banks. It means a good deployment of shareholder capital in maximising returns by the management.

Going forward, the bank has an aggressive branch expansion strategy that should in the medium to long term be a major source of revenue growth.Its loan lending policy is also getting aggressive (see growth in loan book and loan loss provisions).

The fair value for this share should be a trailing P/E of at least 20 (Ksh 153), rising to a price of Ksh 190 after the announcement of the end of year results in March 2011 (Assuming an EPS of Ksh 14.50 for 2010, this would be a trailing P/E of 13).

As i had indicated earlier, this share can easily return a 50% growth in capital gains within the next six months. I intend to hold the share for the next six months unless significant capital gains present themselves.

Happy hunting.


Keep it up SM, you have got very strong guts. Like someone said, your ability to ignore the noise of the market is awesome. I think you apply both habits of Warren Buffet and George Soros. Keep it up and good luck in 2011.
mjuaji wa stocks
#384 Posted : Thursday, January 06, 2011 9:05:43 AM
Rank: Member


Joined: 1/16/2010
Posts: 672
Location: nairobi
stocksmaster wrote:
The DTBK Q3 results are very impressive.

I had projected a 105% growth in Q3 2010 EPS versus 2009 Q3. They have returned a 118% growth.

An EPS of Ksh 10.83 for Q3 can be extrapolated to a 2010 full year EPS of Ksh 14.50. At current price of Ksh 128, the forward P/E is 8.8.

Bond trading was the main cash cow.That does not take away the thunder from the results because the same bond trading opportunity was available to the other banks. It means a good deployment of shareholder capital in maximising returns by the management.

Going forward, the bank has an aggressive branch expansion strategy that should in the medium to long term be a major source of revenue growth.Its loan lending policy is also getting aggressive (see growth in loan book and loan loss provisions).

The fair value for this share should be a trailing P/E of at least 20 (Ksh 153), rising to a price of Ksh 190 after the announcement of the end of year results in March 2011 (Assuming an EPS of Ksh 14.50 for 2010, this would be a trailing P/E of 13).

As i had indicated earlier, this share can easily return a 50% growth in capital gains within the next six months. I intend to hold the share for the next six months unless significant capital gains present themselves.

Happy hunting.



I AGREE WIITH YOU 100%

DTB WILL DEFINETLEY GIVE A GOOD RETURN IN 2011...

WAPI PESA?? NKTEST!
God gave me the power to make wealth ... Blessed the work of my hands & enabled be A SELF MADE BILLIONAIRE ...... TO GOD THE FATHER OF MY LORD JESUS CHRIST; BE THE GLORY NOW & FOREVER MORE!

wazua
#385 Posted : Thursday, January 06, 2011 9:51:29 AM
Rank: Administration


Joined: 11/19/2009
Posts: 679
Dear Members,

With the new year, we have created a new thread, PLAYING THE MARKET-2011 RESOLUTION, to create a fresh start.

Happy Hunting!

The Wazua tribe
S.Mutaga III
#386 Posted : Monday, August 18, 2014 3:12:53 PM
Rank: Member


Joined: 3/26/2012
Posts: 830
A hedge fund, by definition, is an investment vehicle for high networth individuals and institutions that employs complex investment strategies and is aggressively managed to produce SUPERNORMAL returns. From the end year report of 2010 by one Stocksmaster, his return in a year was a cool 110%. At what level do returns become supernormal? For instance, since January, what percentage return on an aggressively managed portfolio in nse could make the cut to supernormal??
Better still, by what factor should a portfolio outperform an index (nse 20 in our case)when adjusted for dividends, for the returns to be considered supernormal??
A successful man is not he who gets the best, it is he who makes the best from what he gets.
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