mchawi wrote:
stocksmaster wrote:the deal wrote:KK has no element of suprise thus it wont rally unless they suprise us with an interim dividend the share will remain stuck below 10 bob.
The price rally that i forsee for the next 6 weeks will be based on investment logic, not surprise.
The projected profit of more than 50% proves that price controls had no damage to this company.....and thats what has been holding back investors. By End of July, i forsee a minimum of 25% capital gains on this share.
Happy hunting.
Since this posting, KK is up 10%. Going forward, the company is on track to post at least Ksh 2 EPS for 2011, which makes a target price of Ksh 18 (Forward P/E of 9)within the next 12 months feasible. This is a share that should at least trade in the Ksh 12-13 range once the half year results are released.
At current market stagnation (NSE 20 share index stuck at around 4000), KK ranks amongsts the few shares that have both a high potential for capital gains in both the short and long term and a generous dividend yield.
Happy Hunting.