Only if they release better results which I doubt. With the Chinese in town and the recent increase on row material which resulted in Cables increasing their products by 80%, I honestly would keep off this counter. But who knows you could have a gem here, I just can't see it.

@Maina20,
I recently bought substantial number of this share recently... but mine may not be very short term (should keep them for at least 1 year). My thought process was as follows:

1) For the last several months price has been around sh 16.00 just slightly above the lowest for the last 12 months which is sh 15.00. This was after they made huge losses caused by write-offs of losses in Tanzania & other subsidiaries. Such write-offs are unlikely to be repeated in the near future given the change in their business model. so there is a likelihood this price can go north especially if they start reporting profits again.

2) One of their Major customers could be KPLC. KPLC has cash now after the rights issue was oversubscribed. What do they want to do with the money?.... repairs of distribution networks to ensure transmission losses are minimised. Is there a likelihood that EACBL could benefit from the KPLC cash? If this happens this share might turn northwards.

3) Growth of the economy expected. Last time there was high GDP growth... there was high prospects for this share.

4) The Chinese imports will continue to affect their business. But I think those people who have importing things from China are also changing their business models..... I have imported things from China. In most cases you pay for the stocks usually high quantities (to enjoy lower prices)and bring them to Kenya and wait for customers or start using slowly. This means you take a huge risks in stocks. Many businesses are trying to avoid this risk and they would rather buy what they need and use and turn the cash rather than hold so much stocks.

5) Transcentury Group... this is a strong group. They are still investing. I guess they cannot just allow this company to stay a low value company.

Seriously, as guru said why not consider other counters which are more predictable. I would get out of cables yesterday - especially with the prospects in other counters at this time. But who's to say...

@main20,
I hope you decided to buy some.

This is interesting gaining about 26% in a day..... Weired,...or is it the bonus shares n the dividend?

does the + or - 10% rule still apply at the NSE?......25% must be a world record

There is (was) a material announcement relating to EAC, hence the waiver of the 10% rule. BTW, 25% change is not exactly a world record. There are quite a few exchanges around the world with no limit down/up.

Hope you have sold some today. The depth of the bids does not exactly fill me with confidence. I am anticipating a drop in the price tomorrow, once the initial excitement wears off.

But remember, I am (was) a buyer below Kshs 18.

The devil is not as black as he is painted.

Liv you were on point especial No.5