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Impact of falling Kenya Shilling exchange rate on Agricultural counters
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VituVingiSana
#21 Posted : Tuesday, March 22, 2011 5:45:08 PM
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Joined: 1/3/2007
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Location: Nairobi
[quote=the deal]Kenya Tea Output Slipped to 26.7 Million Kilograms in February, Board Says

http://www.bloomberg.com...ebruary-board-says.html[/quote]Hopefully March will be better but gains will be in April after the tea bushes recover...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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mwanahisa
#22 Posted : Friday, May 20, 2011 1:47:03 PM
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Joined: 6/2/2008
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mwanahisa wrote:
But at today's price of 9.55, that gives you a dividend yield of over 5%, with a PE close to 2 and a Price to Book ratio of about 1/3. Surely, one could do worse. I am voting to pick it at these levels for long term investors.


Finally, some validation on this counter, Merali or no Merali.
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VituVingiSana
#23 Posted : Friday, May 20, 2011 5:10:00 PM
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mwanahisa wrote:
mwanahisa wrote:
But at today's price of 9.55, that gives you a dividend yield of over 5%, with a PE close to 2 and a Price to Book ratio of about 1/3. Surely, one could do worse. I am voting to pick it at these levels for long term investors.


Finally, some validation on this counter, Merali or no Merali.

Not a bad idea as a speculative play at 9.55 & I think it has already paid off if you could buy enough shares. As a general rule I avoid merali firms so maybe I miss out of good speculative deals such as this.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Aguytrying
#24 Posted : Friday, May 20, 2011 5:48:35 PM
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Joined: 7/11/2010
Posts: 5,040
the deal wrote:
Sasini not great but not a bad counter own either...at the current price its certainly undervalued even if the majority shareholder is not to be trusted i will try pick some next week.

i agree about the share, but why buy now at 11? Its been at 9.50 recently. Anyhow it may just keep rising. Id speculate at 9.50-9.30.
The investor's chief problem - and even his worst enemy - is likely to be himself
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mwanahisa
#25 Posted : Monday, May 23, 2011 12:23:02 PM
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Joined: 6/2/2008
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Sold off Sasini this morning at 12.50 making approximately 30% return before commisions smile . Not bad for holding for just over 2 months. Some of these shares that the market loves to hate can make you some good money.
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VituVingiSana
#26 Posted : Monday, May 23, 2011 12:34:58 PM
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mwanahisa wrote:
Sold off Sasini this morning at 12.50 making approximately 30% return before commisions smile . Not bad for holding for just over 2 months. Some of these shares that the market loves to hate can make you some good money.
good for you! Just not my cup of tea d'oh! d'oh! d'oh!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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youcan'tstopusnow
#27 Posted : Friday, May 27, 2011 7:01:23 PM
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Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
mwanahisa wrote:
Sold off Sasini this morning at 12.50 making approximately 30% return before commisions smile . Not bad for holding for just over 2 months. Some of these shares that the market loves to hate can make you some good money.

The new stocksmaster?smile
GOD BLESS YOUR LIFE
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