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Where is BAT headed?
Rank: Veteran Joined: 6/17/2009 Posts: 1,619
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Now at 415,having purchased at 130's its getting a bit too tempting,is it just the dividend yield?
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Rank: Member Joined: 1/1/2010 Posts: 511 Location: kandara, Murang'a
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cnn wrote:Now at 415,having purchased at 130's its getting a bit too tempting,is it just the dividend yield? looking at this n kicking myself, 2010 or there bouts I bid 195, broker advised I make it 200 and i refused, It never came back and to see DOUBLE that now.. got ROAR but still... plus the lost DIvs... hindsight always 2030 vision, Oh wait, thats kibaki, 20-20 Foresight..
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Rank: Elder Joined: 7/21/2010 Posts: 6,184 Location: nairobi
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Not affordable..split looming "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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mlennyma wrote:Not affordable..split looming But it's being bought up to now...$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Member Joined: 9/26/2006 Posts: 410 Location: CENTRAL PROVINCE
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cnn wrote:Now at 415,having purchased at 130's its getting a bit too tempting,is it just the dividend yield? It is still a good buy. Remember it profit is growing at about 20% p.a and with its history of giving 90-95% of its net profits as dividends, this means dividends for 2012 financial year should be about Ksh 36-37 per share. It trades usually at a dividend yield of 4-5%. At a dividend of Ksh 36-37, this is a dividend yield of almost 9%......shows you the price is yet to peak. Happy Hunting
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Rank: Veteran Joined: 2/2/2012 Posts: 1,134 Location: Nairobi
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Where is BAT headed?
NOWHERE!
It's a business 100% relying on a dying habit!
That's why they tried their hand at real estate development a few decades ago [Imara Daima estate.... named after the marketing slogan of Sportsman cigarettes]
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Rank: Chief Joined: 1/3/2007 Posts: 18,129 Location: Nairobi
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chiaroscuro wrote:Where is BAT headed?
NOWHERE!
It's a business 100% relying on a dying habit!
That's why they tried their hand at real estate development a few decades ago [Imara Daima estate.... named after the marketing slogan of Sportsman cigarettes] Imara Daima was for their employees (& some other folks) but not a development as described. Furthermore, the old BAT was a (international) financial behemoth but is now a pure tobacco play. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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hisah wrote:mlennyma wrote:Not affordable..split looming But it's being bought up to now... Very small free float. Life is short. Live passionately.
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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I chronicled my investment in BAT here: http://wazua.co.ke/forum...osts&t=7164&p=2
Made my 100% plus on the share in two years and put the money else where. Share is going strong, but in my opinion is now approaching fair price. I Don't expect double digit organic growth going forward and the stock has never been split as far as i can remember. The shilling has stabilized hence the export market will not be like last year. I expect more entry into the stock by foreign investors exiting T-bills and bonds. Still a good buy because of the dividend yield but there are better options out there. To me its a SELL. Life is short. Live passionately.
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Rank: Veteran Joined: 6/17/2009 Posts: 1,619
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sparkly wrote:I chronicled my investment in BAT here: http://wazua.co.ke/forum...osts&t=7164&p=2
Made my 100% plus on the share in two years and put the money else where. Share is going strong, but in my opinion is now approaching fair price. I Don't expect double digit organic growth going forward and the stock has never been split as far as i can remember. The shilling has stabilized hence the export market will not be like last year. I expect more entry into the stock by foreign investors exiting T-bills and bonds. Still a good buy because of the dividend yield but there are better options out there. To me its a SELL. Very tempting thought,but considering over the period i have held it i have got about 70 shillings in dividends and if last years performance is sustained it means i may get back my initial investment back in two years by way of dividends only,why should i sell?...i am holding for the long term.
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Rank: Veteran Joined: 10/11/2009 Posts: 1,223
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Now @449 what is going on! Either i'm dreaming or there is something that i do not get on the upward momentum of this counter. History will not remember you for your IQ. It will remember you for what you did. “Genius is 1 percent inspiration, 99 percent perspiration.” Thomas Edison
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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BGL wrote:Now @449
what is going on! Either i'm dreaming or there is something that i do not get on the upward momentum of this counter. foreigners buying. Sanity will prevail once they stop. Life is short. Live passionately.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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sparkly wrote:BGL wrote:Now @449
what is going on! Either i'm dreaming or there is something that i do not get on the upward momentum of this counter. foreigners buying. Sanity will prevail once they stop. This stock is behaving like Apple. Very strong bullish momentum with very mean sellers. But at some point the sellers will take profit. When? Hard to tell. But when that correction comes, the price will likely drop 20% - 30%. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Veteran Joined: 10/11/2009 Posts: 1,223
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sparkly wrote:BGL wrote:Now @449
what is going on! Either i'm dreaming or there is something that i do not get on the upward momentum of this counter. foreigners buying. Sanity will prevail once they stop. 82.32% foreign purchase according to my data provider. History will not remember you for your IQ. It will remember you for what you did. “Genius is 1 percent inspiration, 99 percent perspiration.” Thomas Edison
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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BGL wrote:sparkly wrote:BGL wrote:Now @449
what is going on! Either i'm dreaming or there is something that i do not get on the upward momentum of this counter. foreigners buying. Sanity will prevail once they stop. 82.32% foreign purchase according to my data provider. So far 77.48M buys vs 13.5M sales by foreigners. Similar pattern on EABL, 73.5M buys vs 41.9M sales. Equity has seen 24.9M buys vs 23.4 sales. The usual suspect missing in action is KCB. Nothing today as for foreigners action... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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hisah wrote:BGL wrote:sparkly wrote:BGL wrote:Now @449
what is going on! Either i'm dreaming or there is something that i do not get on the upward momentum of this counter. foreigners buying. Sanity will prevail once they stop. 82.32% foreign purchase according to my data provider. So far 77.48M buys vs 13.5M sales by foreigners. Similar pattern on EABL, 73.5M buys vs 41.9M sales. Equity has seen 24.9M buys vs 23.4 sales. The usual suspect missing in action is KCB. Nothing today as for foreigners action... KCB has been falling out of favour even though most have refused to accept it. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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@aguy - late foreign orders came in towards the close of market at 13.4M buys vs 6.9M sales - turnover that is. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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Aguytrying wrote:KCB has been falling out of favour even though most have refused to accept it. @Aguy KCB is simply on a small break!! Support has been set @ 27.50.. The break out to 30bob is coming Sooner rather than later! Mark 12:29
Deuteronomy 4:16
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Even at the heady heights of 450, there is still huge demand for BAT... GOD BLESS YOUR LIFE
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Rank: New-farer Joined: 3/4/2010 Posts: 67 Location: Nairobi
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The counter has been facing south(today 432) after hitting an all time high of 470,any news/ideas on the reason for this?
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