cnn wrote:VituVingiSana wrote:guru267 wrote:I have finally said goodbye to this counter at an average of 13.85bob..
That is a commendable 25% over my average buy + commissions!
Now i wait to see how much the Guys waiting for puma will make from KK..
Let's note the date. You sold out at 13.85 on 10 Sep 2012. Let's see where we are headed from here!
@vvs..at 13 bob you must be at least 25% up if you did not indulge at the levels KK has been trading after the trading suspension was lifted,why would you want to hold out for a take over bid whose timeline if ever is becoming increasingly blurred,and probably losing you opportunities elsewhere?
I read that for a share/firm with solid fundamentals (despite a one-off loss) for it to go from 10 to 20 it has to pass through 11, 12, 13, 14, 15, 16, 17, 18 & 19.
The 25% is irrelevant. That is a traders perspective. I believe it will be 17 or higher. Possibly 20.
WORST CASE: Puma pulls out. Price drops to 12/- but KK cuts back on Capital Expenditure & concentrates on its retail business (fuel, LPG), trading desk, sale of Addis Ababa property & limited (Kenya) real estate expansion. In 2013, we are back in business!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett