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Time to enter KQ?

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ecstacy		#1 Posted : Tuesday, March 01, 2011 11:39:00 AM
Rank: Elder Joined: 2/26/2008 Posts: 4,449		KQ is now holding at KES 39.50/= and possibly a rights issue in the offing, is it the time to (re)enter KQ? Can it get any lower? Your thoughts? Thank you.
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ecstacy		#2 Posted : Tuesday, March 01, 2011 11:46:02 AM
Rank: Elder Joined: 2/26/2008 Posts: 4,449		Their financial year also ends in the near future 31st March 2011. Marginal growth expected..
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VituVingiSana		#3 Posted : Tuesday, March 01, 2011 11:52:53 AM
Rank: Chief Joined: 1/3/2007 Posts: 18,346 Location: Nairobi		Can it get lower? Yes... Already trading at below NAV... I am spoilt for choice [not enuff cash] with Kenol, Williamson, KQ, Unga... Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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hisah		#4 Posted : Tuesday, March 01, 2011 12:04:49 PM
Rank: Chief Joined: 8/4/2010 Posts: 8,977		As long as oil is acting up, I still see scope for the price testing 30 despite the NAV discount and oversold technicals. This 2008 feeling is nagging me a lot. I hope we don't see a return of the credit crunch... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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ecstacy		#5 Posted : Tuesday, March 01, 2011 12:11:49 PM
Rank: Elder Joined: 2/26/2008 Posts: 4,449		@VVS - True. I find KQ & Kenol oversold. At the end of THIS MONTH the ICC three-judge ICC bench of Ekaterina Trendafilova, Hans-Peter Kaul and Cuno Tarfusser is expected to rule on Mr Moreno-Ocampo's application seeking summons against the 'Ocamp Six'. Political temperatures may rise & some foreigners as per standard sell...this could present the perfect entry point... hmmm...I wonder what result the NSE wants?!
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ecstacy		#6 Posted : Tuesday, March 01, 2011 12:14:02 PM
Rank: Elder Joined: 2/26/2008 Posts: 4,449		hisah wrote: As long as oil is acting up, I still see scope for the price testing 30 despite the NAV discount and oversold technicals. This 2008 feeling is nagging me a lot. I hope we don't see a return of the credit crunch... If you may, pls expound.
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hisah		#7 Posted : Wednesday, March 02, 2011 12:00:08 AM
Rank: Chief Joined: 8/4/2010 Posts: 8,977		ecstacy wrote: hisah wrote: As long as oil is acting up, I still see scope for the price testing 30 despite the NAV discount and oversold technicals. This 2008 feeling is nagging me a lot. I hope we don't see a return of the credit crunch... If you may, pls expound. The oil vs equities correlation is now -0.5. That happened when global stocks topped in Oct 2007 & early March 2008. And here we are in March 2011... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Gatheuzi		#8 Posted : Wednesday, March 02, 2011 7:57:25 PM
Rank: Veteran Joined: 8/16/2009 Posts: 994		If we're to see a return of the crunch, and then add that to the election fever that will inevitably catch up with us, I see 2011 and 2012 as very dull indeed. I hope iam wrong. Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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qw25041985		#9 Posted : Wednesday, March 02, 2011 8:08:02 PM
Rank: User Joined: 5/9/2010 Posts: 1,418 Location: Nai		hisah wrote: ecstacy wrote: hisah wrote: As long as oil is acting up, I still see scope for the price testing 30 despite the NAV discount and oversold technicals. This 2008 feeling is nagging me a lot. I hope we don't see a return of the credit crunch... If you may, pls expound. The oil vs equities correlation is now -0.5. That happened when global stocks topped in Oct 2007 & early March 2008. And here we are in March 2011... Yep . this is definitely worrying .Read up below : http://regator.com/p/247...lation_of_oil_to_stocks/ Your future depends on your dreams so go to sleep !
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qw25041985		#10 Posted : Wednesday, March 02, 2011 8:11:13 PM
Rank: User Joined: 5/9/2010 Posts: 1,418 Location: Nai		VituVingiSana wrote: Can it get lower? Yes... Already trading at below NAV... I am spoilt for choice [not enuff cash] with Kenol, Williamson, KQ, Unga... that's what making it sensible to add to KQ right now . Your future depends on your dreams so go to sleep !
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