@ malingumu . our prayers seem to have been answered . co-op did a high of 13.50 Friday . a new high i quite a while . watch out for this stock with the index above 3500 anything goes ! enjoy the ride.

Could be........but maybe in the next two months when they announce end of year 2011 results. At half year, had done Ksh 89 EPS with an interim dividend of Ksh 50.

At year end, am projecting at least Ksh 140 EPS, with a final dividend of Ksh 20 - 25. (Bringing the total dividend for the year to Ksh 70 - 75)

Even at a ridiculous P/E of 2, the share price should be Ksh 280 after the announcement of end year results.

Happy hunting....

Frost bite accounted for about 12% yield loses between January - February 2012 as compared to same period last year.

The dollar depreciated by about 25% between the peak value and current value. (Effect: Less sale price but also lower cost of inputs)

I estimate the impact of all the above to constitute an EPS reduction of not more than 40% as compared to 1st Half 2011 (thus: 0.6 x 89 = Ksh 53; Total EPS for 2011 = Ksh 89 + 53 = Ksh 142).

Going forward for 2012, the price of a Kg of tea is gradually rising (last auction was at average price of $ 3.50)......If all factors remain constant ie average rains, dollar at Ksh 83-85 range, Price at above $3 per kg etc; then WTK should be able to return an EPS in the range of Ksh 90 - 100 for 2012 (as it has done in the last 2 years).

Happy Hunting....

Huge turnover - 570m - with Equity once again doing 100m

When member starts doing huge turnover the market is serious!!