Williamson Tea has appreciated over 60% in the last three weeks yet it still trades at a P/E of 3. This just shows how undervalued this share was and still is. Its comparable companies like Limuru Tea are trading at almost twice this P/E.

Any corporate action by Williamson Tea eg a special dividend, a bonus issue, a share split; or even a significant rise in interim/final dividend payments should see a fresh rally towards the Ksh 400 level.

I expect one of the above actions from the directors and hence a target price of Ksh 400 by May 2012.

Happy hunting.

Nothing hot right now for kakuzi except weak shilling but very good for the long term...

Kakuzi up 10 percent to 82/-

if the below chart doesnot scare you guys bullish on agricultural stocks i dnt know what will..

weak KES (even at 96.50) + decent tea & coffee prices = super earnings