mwekez@ji wrote:Genghis Capital has a BUY recomendation of HFCK with a 12 months target price of KES 27 *Diamond* *Diamond* *Diamond*
All other factors remaining constant.
Pleas note..over past 52 weeks HFCK has been one of worst performers in market despite healthy fundamentals.. KES 27 is only possible of investors believe so and act on it.
One reason it will go up is a dividend yield higher than 6%...But again..the higher the price edges..the lower the yield...meaning long before the KES27 price range...income investors..and those averse to risk..will drop it from "to buy" list...as well as those who boarded earlier probably alighting..
Is it a value stock? Probably..is it a momentum stock? definitely..just spark greed in retailers and it will soar..to be slaughtered later..but in this market...income stocks seem to be safer options...with Dividend yield > 8%
* A share u hold is only worth in price what another person is willing to pay for it...regardless of their intellect or understanding of the fundamentals. *
..Let your light so shine before men, that they may see your good works, and glorify your Father which is in heaven...Matt5:16
- 1769 Oxford King James Bible 'Authorized Version