VituVingiSana wrote:mwekez@ji wrote:Simplified wrote:
a high of 16.50 today... and the trek up has just started...I wonder if 19 will print.Got 85% of my portfolio on this one

This counter traded at 30 bob last year. Its highly undervalued and full of potential
It might have been over-valued at 30/- but what is the 2012 EPS if 1Q 2012 is the basis for a forecast?
in FY 2011, EPS growth was 64%. This year, interest rates have screwed banks so let us project a modest 40% growth. That will give us:
Forward EPS 3.78
Forward P/E at the price of 16.50; 4.36
At KES 30, we will still be talking of single digit P/E of 7.93