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Kakuzi will be so rewarding by march
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Govmusili
#41 Posted : Friday, December 10, 2010 8:50:10 AM
Rank: New-farer


Joined: 1/13/2010
Posts: 85
Location: Nairobi
im also very keen on this counter , the problem is i can only afford around 2000; unless i offload something else like kq, which im ot planning to do anytime soon.
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The Merchant
#42 Posted : Tuesday, January 18, 2011 1:22:22 PM
Rank: Veteran


Joined: 5/24/2010
Posts: 846
Location: KENYA
What a slow counter. I just dug this thread from the archives and I just noted that we have been discussing the same prices for months now. As a shareholder I can't wait for this stock to get its move on. Its partner WTK has slid back to 200/- after testing 230/-! Tough life in the agriculturals. All the fun is with financials Sad
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guru267
#43 Posted : Tuesday, January 18, 2011 3:35:16 PM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
The Merchant wrote:
What a slow counter. I just dug this thread from the archives and I just noted that we have been discussing the same prices for months now. As a shareholder I can't wait for this stock to get its move on. Its partner WTK has slid back to 200/- after testing 230/-! Tough life in the agriculturals. All the fun is with financials Sad


@the merchant times will be hard for this counter...

The drought was unexpected but all the bad news is negatively affecting the share price...

We might even fall down to 60bob if the situation continues..

We can only be saved by a higher dividend.
Mark 12:29
Deuteronomy 4:16
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moneydust
#44 Posted : Tuesday, January 18, 2011 3:44:19 PM
Rank: Member


Joined: 1/31/2007
Posts: 304
guru267 wrote:
The Merchant wrote:
What a slow counter. I just dug this thread from the archives and I just noted that we have been discussing the same prices for months now. As a shareholder I can't wait for this stock to get its move on. Its partner WTK has slid back to 200/- after testing 230/-! Tough life in the agriculturals. All the fun is with financials Sad


@the merchant times will be hard for this counter...

The drought was unexpected but all the bad news is negatively affecting the share price...

We might even fall down to 60bob if the situation continues..

We can only be saved by a higher dividend.

Agriculturals are a NEVER,NEVER for me u only invest at the expense of constant heartaches and dissapointment...

The only time one can risk a cent in agriculturals is when they have hit all time lows such as was the case in 2009
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guru267
#45 Posted : Tuesday, January 18, 2011 3:54:56 PM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
@moneydust the amount of cash i have in agri stocks is negligible..

As in a 1% rise in my DTK or KPLC can offset a 8% fall in my agri stocks.. So i'm cool...

I'll just sit tight..
Mark 12:29
Deuteronomy 4:16
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The Merchant
#46 Posted : Tuesday, January 18, 2011 4:02:50 PM
Rank: Veteran


Joined: 5/24/2010
Posts: 846
Location: KENYA
I have never added agriculturals to my portfolio. This was my first. Very bad start I must say. If I experience massive value erosion here i will dump the stock. I like to cut my losses early. However, I do not think its the right time for any decision. Ill watch it as I manage the rest of my portfolio. On friday someone bought it at 90/- so there might be hope albeit slight.
@Guru, lets sit tight and update me if any news affecting this counter is unleashed. Thank you.
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moneydust
#47 Posted : Tuesday, January 18, 2011 8:35:14 PM
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Posts: 304
guru267 wrote:
@moneydust the amount of cash i have in agri stocks is negligible..

As in a 1% rise in my DTK or KPLC can offset a 8% fall in my agri stocks.. So i'm cool...

I'll just sit tight..



I get you but for me I would rather put every single penny that I have in a stock/stocks I have faith in...besides currently there are plenty of choices out there especially the financials..

Am sure even if u were to sell kakuzi at a loss today ...u will recoup that money and much more by 3rd qtr of this year if u were to invest in financials
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guru267
#48 Posted : Tuesday, January 18, 2011 9:25:37 PM
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Joined: 1/21/2010
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Location: Nairobi
moneydust wrote:

Am sure even if u were to sell kakuzi at a loss today ...u will recoup that money and much more by 3rd qtr of this year if u were to invest in financials


TRUE TRUE.. Its been on my mind all day.. I can just throw into a financial and I'll be green again..
Mark 12:29
Deuteronomy 4:16
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qw25041985
#49 Posted : Tuesday, January 18, 2011 9:40:37 PM
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Joined: 5/9/2010
Posts: 1,418
Location: Nai
hahahahah. this thread is funny...KAKUZI . a co. trading 1000 shares per day !!!! i'd rather go play lottery
Your future depends on your dreams so go to sleep !
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ProverB
#50 Posted : Wednesday, January 19, 2011 8:03:40 AM
Rank: Veteran


Joined: 3/12/2010
Posts: 1,199
Location: Eastlander
guru267 wrote:
moneydust wrote:

Am sure even if u were to sell kakuzi at a loss today ...u will recoup that money and much more by 3rd qtr of this year if u were to invest in financials


TRUE TRUE.. Its been on my mind all day.. I can just throw into a financial and I'll be green again..


it was interesting to note most people think kakuzi still is invested in coffee!! Sad

but talk of draught is affecting this quarter..not their just concluded financial year.. ..before you dump..chill out for the results..
..Let your light so shine before men, that they may see your good works, and glorify your Father which is in heaven...Matt5:16
- 1769 Oxford King James Bible 'Authorized Version
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VituVingiSana
#51 Posted : Wednesday, January 19, 2011 10:14:24 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,124
Location: Nairobi
qw25041985 wrote:
hahahahah. this thread is funny...KAKUZI . a co. trading 1000 shares per day !!!! i'd rather go play lottery
Please go. Pap.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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the deal
#52 Posted : Wednesday, April 06, 2011 9:44:25 AM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
LOL the Great Alligator you need to change your information sources..we are in April now and Kakuzi aint that rewarding.
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mwanahisa
#53 Posted : Wednesday, April 06, 2011 10:21:11 AM
Rank: Elder


Joined: 6/2/2008
Posts: 1,438
@the deal, as you can see, some of us were not enticed by the fabulous tale of Kakuzi that was being spun by SA. Meanwhile, my stakes in both WTK and Limuru Tea are holding steady.

mwanahisa wrote:
guru267 wrote:
mwanahisa wrote:
Methinks the jump in the Kakuzi share price was precipitated by the meteoric rise in Eaagads. With the Eaagads story having died a natural death, Kakuzi is also slowly coming down to earth.
I however doubt whether it will go up as much as has been touted on this forum as it is already trading near its all time high.


@mwananhisa you've got everything wrong on Kakuzi...


I disagree with you that I have got everything wrong on Kakuzi, but that is the beauty of this forum. It allows us to debate.

If you are buying Kakuzi for the profits from Tea, you are better off buying WTK (which I hold). It is much more profitable and has altogether better metrics i.e. lower PE, lower PBV, higher NBV and higher Dividend Yield.
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The Merchant
#54 Posted : Wednesday, April 06, 2011 11:47:00 AM
Rank: Veteran


Joined: 5/24/2010
Posts: 846
Location: KENYA
Kakuzi is soooo messing up my portfolio now. Damn!! Itrs the only stock in the red, VERY red!!
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2012
#55 Posted : Wednesday, April 06, 2011 11:52:44 AM
Rank: Elder


Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
The Merchant wrote:
Kakuzi is soooo messing up my portfolio now. Damn!! Itrs the only stock in the red, VERY red!!


Don't worry, this is a great counter to have in your portfolio for the future. If I were you I'd increase.

BBI will solve it :)
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VituVingiSana
#56 Posted : Wednesday, April 06, 2011 3:59:11 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,124
Location: Nairobi
It is an agricultural stock... So you sow when the time is ripe [at a low price] then wait for rain then harvest!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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The Merchant
#57 Posted : Wednesday, April 06, 2011 4:51:01 PM
Rank: Veteran


Joined: 5/24/2010
Posts: 846
Location: KENYA
2012 wrote:
The Merchant wrote:
Kakuzi is soooo messing up my portfolio now. Damn!! Itrs the only stock in the red, VERY red!!


Don't worry, this is a great counter to have in your portfolio for the future. If I were you I'd increase.

Thanks for making me feel better. I think Ill wait for it to drop further then buy it en masse. I love the land it sits on though smile
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The Merchant
#58 Posted : Wednesday, April 06, 2011 4:53:36 PM
Rank: Veteran


Joined: 5/24/2010
Posts: 846
Location: KENYA
VituVingiSana wrote:
It is an agricultural stock... So you sow when the time is ripe [at a low price] then wait for rain then harvest!

Laughing out loudly Laughing out loudly Laughing out loudly I doubt I bought in low though....Mishit if you ask me, Ill wait for it down thereSad
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Surealligator
#59 Posted : Tuesday, April 26, 2011 3:52:38 PM
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Joined: 6/27/2008
Posts: 709
Location: Velayat-e Faryab
the deal wrote:
LOL the Great Alligator you need to change your information sources..we are in April now and Kakuzi aint that rewarding.


@The Deal

I thought you would have read this before encouraging me to eat the humble pizza.

Quote:
PUBLIC ANNOUNCEMENT

FINANCIAL YEAR ENDED 31 DECEMBER 2010

Notice is hereby given, pursuant to Regulation 19 of the Capital Markets
Authority Regulations and the Fifth Schedule, Continuing obligations, that
Kakuzi Limited has received a claim for repayment of Kshs109 million from Del
Monte Kenya Limited (DMKL) following the discovery of an alleged error made by
DMKL in calculating the sale price of pineapples for the joint venture between
Kakuzi Limited and DMKL for the years 2007 and 2008.

The Board of Kakuzi Limited is currently reviewing the claim and will make a
further announcement when the matter is resolved.

K W Tarplee

Chairman

25^th January 2011


Link

http://www.bloomberg.com...KN&sid=antQaQp0wlxg

If profit attributed to shareholders was 311m, add the 109m claimed overpaid to Delmonte and you will see the difference. Wait for the announcement and lets compare notes.

However, resolving the matter can be within a fortnight or a decade.
Go overdrive in purchasing the goods when there's blood on the streets, expecially if the blood is your own
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mwanahisa
#60 Posted : Tuesday, April 26, 2011 4:16:09 PM
Rank: Elder


Joined: 6/2/2008
Posts: 1,438
Sorry, Sure Alligator. There is nothing to add. 2010 profits were not affected. The 108 million was dealt with as a Prior Period Adjustment affecting reserves and NOT 2010 profits. I admit I also thought the same as you, until I was kindly corrected by a sharp eyed Wazua accounting guru.
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