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AGRICULTURAL STOCKS LOOKING GREENER
Rank: Chief Joined: 1/3/2007 Posts: 18,124 Location: Nairobi
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Aguytrying wrote:It is excatly 2 weeks to WTK's reporting date, time is not moving fast enough. Chill pill! 15,000 on offer at 295/- Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 9/26/2006 Posts: 410 Location: CENTRAL PROVINCE
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VituVingiSana wrote:Aguytrying wrote:It is excatly 2 weeks to WTK's reporting date, time is not moving fast enough. Chill pill! 15,000 on offer at 295/- The price of Ksh 295 for such a sizeable amount of shares(15,000) for this scarce share is still a bargain. Post results, and assuming a generous dividend of > Ksh 20, the share should trade in the price ranges of Limuru Tea. Happy Hunting
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Rank: Chief Joined: 1/3/2007 Posts: 18,124 Location: Nairobi
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stocksmaster wrote:VituVingiSana wrote:Aguytrying wrote:It is excatly 2 weeks to WTK's reporting date, time is not moving fast enough. Chill pill! 15,000 on offer at 295/- The price of Ksh 295 for such a sizeable amount of shares(15,000) for this scarce share is still a bargain. Post results, and assuming a generous dividend of > Ksh 20, the share should trade in the price ranges of Limuru Tea. Happy Hunting Sina chapaa. Now if only KK's payout came sooner than later! Unfortunately, KK shares are NOT trading coz it would make sense to cash in a lower price then search for 'new' shares! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 9/26/2006 Posts: 410 Location: CENTRAL PROVINCE
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VituVingiSana wrote:stocksmaster wrote:VituVingiSana wrote:Aguytrying wrote:It is excatly 2 weeks to WTK's reporting date, time is not moving fast enough. Chill pill! 15,000 on offer at 295/- The price of Ksh 295 for such a sizeable amount of shares(15,000) for this scarce share is still a bargain. Post results, and assuming a generous dividend of > Ksh 20, the share should trade in the price ranges of Limuru Tea. Happy Hunting Sina chapaa. Now if only KK's payout came sooner than later! Unfortunately, KK shares are NOT trading coz it would make sense to cash in a lower price then search for 'new' shares! True.......KK is also holding a sizeable chunk of my capital. Hope the pay out comes soon coz of the opportunity cost. Happy Hunting
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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WTK trades and demand at 290! Mr market is finally beginning to notice this share. Its rallied 21% since the ex dividend price of 230. To the old foxes(mnajijua), pole cant hide my excitement. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Chief Joined: 1/3/2007 Posts: 18,124 Location: Nairobi
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Aguytrying wrote:WTK trades and demand at 290!
Mr market is finally beginning to notice this share. Its rallied 21% since the ex dividend price of 230.
To the old foxes(mnajijua), pole cant hide my excitement. Only 800 traded at 290 while 8,000 on offer at 290. The only bid is 2,000 at 273. I wish I had cash! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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VituVingiSana wrote:Aguytrying wrote:WTK trades and demand at 290!
Mr market is finally beginning to notice this share. Its rallied 21% since the ex dividend price of 230.
To the old foxes(mnajijua), pole cant hide my excitement. Only 800 traded at 290 while 8,000 on offer at 290. The only bid is 2,000 at 273. I wish I had cash! Rich is misleading me. shows demand of 800 at 290(the ones that have traded) The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Chief Joined: 1/3/2007 Posts: 18,124 Location: Nairobi
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Aguytrying wrote:VituVingiSana wrote:Aguytrying wrote:WTK trades and demand at 290!
Mr market is finally beginning to notice this share. Its rallied 21% since the ex dividend price of 230.
To the old foxes(mnajijua), pole cant hide my excitement. Only 800 traded at 290 while 8,000 on offer at 290. The only bid is 2,000 at 273. I wish I had cash! Rich is misleading me. shows demand of 800 at 290(the ones that have traded) Free is expensive. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 9/26/2006 Posts: 410 Location: CENTRAL PROVINCE
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The next one month will be very interesting for agriculturals.
In the next one week, Williamson Tea and Kapchorua Tea will be reporting their end of year results (Financial Year ending March 2012).
The results are destined to ingnite the share price of the two in particular and majority of the agriculturals in general.
With the rains being in plenty and the Ksh versus the dollar showing signs of favouring the agriculturals again this year, the stellar 2011 performance should be replicated in 2012.
In particular, the tea companies will have it great this year. The average price of top grade Kenyan tea has been in the $3.50 - 3.60 levels for several weeks now. Compare this with last years average price per kg of $ 2.99.
Price targets for the two therefore are as follows:
Kapchorua: Ksh 180 - 200
Williamson: Ksh 350 - 400
This assumes a very conservative P/E of 3 post results.
Happy Hunting.
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Rank: Member Joined: 4/14/2011 Posts: 639
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stocksmaster wrote:The next one month will be very interesting for agriculturals.
In the next one week, Williamson Tea and Kapchorua Tea will be reporting their end of year results (Financial Year ending March 2012).
The results are destined to ingnite the share price of the two in particular and majority of the agriculturals in general.
With the rains being in plenty and the Ksh versus the dollar showing signs of favouring the agriculturals again this year, the stellar 2011 performance should be replicated in 2012.
In particular, the tea companies will have it great this year. The average price of top grade Kenyan tea has been in the $3.50 - 3.60 levels for several weeks now. Compare this with last years average price per kg of $ 2.99.
Price targets for the two therefore are as follows:
Kapchorua: Ksh 180 - 200
Williamson: Ksh 350 - 400
This assumes a very conservative P/E of 3 post results.
Happy Hunting.
This is what we are saying!!!!!!! http://www.indexmundi.co...modity=tea&months=12
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Rank: Member Joined: 4/14/2011 Posts: 639
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And this surprised me....is it true? http://af.reuters.com/fi...tes/quote?symbol=WTK.NR
We will look back and remember such buy opportunities and wish they remained with us
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Rank: Veteran Joined: 6/17/2009 Posts: 1,619
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FUNKY wrote:@ Stockmaster - what are your views regarding Kapchorua Tea? No need to ask anymore.A profit warning.....http://af.reuters.com/article/kenyaNews/idAFL5E8HIGSM20120618
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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cnn wrote:FUNKY wrote:@ Stockmaster - what are your views regarding Kapchorua Tea? No need to ask anymore.A profit warning.....http://af.reuters.com/article/kenyaNews/idAFL5E8HIGSM20120618 Tea stocks are proving to be worse than red hot charcoal  Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Of course WTK won't issue one since they sold Williamson House in the first half...
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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The loss is due to unrealised loss of biological assets. The management have advised the shareholders this is just a book entry to comply with international accounting standards and will not affect the value of the company.Lets wait for the results now.
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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FUNKY wrote:The loss is due to unrealised loss of biological assets. The management have advised the shareholders this is just a book entry to comply with international accounting standards and will not affect the value of the company.Lets wait for the results now. A profit warning is a profit warning.. EPS will definitely be at least 25% lower! Mark 12:29
Deuteronomy 4:16
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Rank: Chief Joined: 1/3/2007 Posts: 18,124 Location: Nairobi
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Anyone wanna sell Kapchorua to me 25% cheaper? I am a buyer ;-) The rains in 1Q 2012-13 have more than made up for any losses! So the 'loss' is only for the Biological Assets which after the heavy rains & higher prices should be back in the black in 2012  Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 9/15/2006 Posts: 3,905
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I trust this will in no way dampen the spirits of all the courageous investor farmers out here  Tea production in Kenya dropped by 14 per cent in the first three months of 2012 because of drought and frost attacks. http://www.businessdailyafrica....6/-/9589tqz/-/index.html
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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WTK should release results this week. i was expecting them on monday as they report 18-20th june. The investor's chief problem - and even his worst enemy - is likely to be himself
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AGRICULTURAL STOCKS LOOKING GREENER
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