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EAPCC buy buy!!!!
Rank: Member Joined: 11/6/2010 Posts: 289
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i have just received an opinion from my broker that its time i buy into East African Portland Cement eti @ 32 its a buy buy buy
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Rank: Member Joined: 3/26/2012 Posts: 830
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gesowan wrote:i have just received an opinion from my broker that its time i buy into East African Portland Cement eti @ 32 its a buy buy buy what reasons did he or she sight for you so as to rate it as a buy??? A successful man is not he who gets the best, it is he who makes the best from what he gets.
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Rank: Elder Joined: 6/23/2009 Posts: 13,555 Location: nairobi
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ua broker is on cheap drugs. the firm has systematic and political problems that will take some time to resolve. buyin now will tie up your capital needlessly. but it does look cheap at 32.. though that may not be its bottom
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Which broker? share with us the report on wazua@googlegroups.com cc 2mwekezaji@gmail.com
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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This share used live over 100bob so at 32 i would consider it discounted,the problem is management woes which are far from over. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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East African Portland is a near perfect Example of the Bifurcation we are seeing at the Nairobi Securities Exchange between Companies that are not making the Cut and those that are and you just need to compare Portland with Bamburi Cement and Athi River Mining to see that in Bifurcation in Action (Rich, very true)
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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mlennyma wrote:This share used live over 100bob so at 32 i would consider it discounted,the problem is management woes which are far from over. Booming industry, lagging company #Bifurcation. all coz of management. ... KES 32 on a 40% drop could be a play, but the 500 shares trade is too tiny
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Rank: Member Joined: 11/6/2010 Posts: 289
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let me remain professional but this is what they wrote to me "We have a buy recommendation on the company. Our twelve month target price is at Ksh 80. We expect the company to make profits as the loss was due to labor issues that have since been settled.The company has a huge asset base and a huge track of land.The loan with Japan is yen denominated and the company is repaying it,there is a building boom in kenya providing the company with new growth opportunities. Good long term buy.
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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mwekez@ji wrote:mlennyma wrote:This share used live over 100bob so at 32 i would consider it discounted,the problem is management woes which are far from over. Booming industry, lagging company #Bifurcation. all coz of management. ... KES 32 on a 40% drop could be a play, but the 500 shares trade is too tiny I would only consider it a play for liquidation in bankrupcy (but GOK is there.....) if the market price is way below the book value. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Aguytrying wrote:mwekez@ji wrote:mlennyma wrote:This share used live over 100bob so at 32 i would consider it discounted,the problem is management woes which are far from over. Booming industry, lagging company #Bifurcation. all coz of management. ... KES 32 on a 40% drop could be a play, but the 500 shares trade is too tiny I would only consider it a play for liquidation in bankrupcy (but GOK is there.....) if the market price is way below the book value. The book value is KES 53.77 Vs todays price of KES 32.00. ... but true that, this cant go into liquidation though the assets are notably valuable. Lafarge holding in this counter is damned by GOK
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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gesowan wrote: let me remain professional but this is what they wrote to me "We have a buy recommendation on the company. Our twelve month target price is at Ksh 80. We expect the company to make profits as the loss was due to labor issues that have since been settled.The company has a huge asset base and a huge track of land.The loan with Japan is yen denominated and the company is repaying it,there is a building boom in kenya providing the company with new growth opportunities. Good long term buy. Thex. The full report is welcomed for us to get down to the nitty gritty of this recommendation. I believe it is in order to send it to the above email addresses like many other wazuans have been doing when they receive such recommendations from their respective brokers and investment banks
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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What happened here today? I have been watching it since last week and the thing was on an upward trend then all over sudden a plunge of -40% iko nini? "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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The 500 shares which traded yesterday cannot be an indicator that the share is going for 32bob,so its immature for any brocker to issue a buy recomedation at 32 as if thousands traded remember this is an illiquid share. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 6/20/2012 Posts: 3,855 Location: Othumo
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The company need to sort out its governance and management issues fast enough for it to reposition its self back to the market. its asset base is massive, has GoK backing (which is bad at times due to polical interferance) and the market for its product is there within the Region. Thieves
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Rank: Elder Joined: 7/11/2012 Posts: 5,222
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gesowan wrote: let me remain professional but this is what they wrote to me "We have a buy recommendation on the company. Our twelve month target price is at Ksh 80. We expect the company to make profits as the loss was due to labor issues that have since been settled.The company has a huge asset base and a huge track of land.The loan with Japan is yen denominated and the company is repaying it,there is a building boom in kenya providing the company with new growth opportunities. Good long term buy. Good broker that one. Nice and simple information. I get looooooong reports that make me question my intelligence. Nipe yeye and/or other novice-friendly brokers making_a_life-inchrist (at) yahu (dot) com
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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Mukiri wrote:gesowan wrote: let me remain professional but this is what they wrote to me "We have a buy recommendation on the company. Our twelve month target price is at Ksh 80. We expect the company to make profits as the loss was due to labor issues that have since been settled.The company has a huge asset base and a huge track of land.The loan with Japan is yen denominated and the company is repaying it,there is a building boom in kenya providing the company with new growth opportunities. Good long term buy. Good broker that one. Nice and simple information. I get looooooong reports that make me question my intelligence. Nipe yeye and/or other novice-friendly brokers making_a_life-inchrist (at) yahu (dot) com with a company like this they lose me at management...i dont hear anything else after that The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 6/20/2012 Posts: 3,855 Location: Othumo
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brokers recomemndations should just be: Buy, Hold, Sell. That is why they are paid. Thieves
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Rank: Member Joined: 11/6/2010 Posts: 289
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infact i have placed an order for this stock
"lets buy when there is blood in the streets"
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Aguytrying wrote:Mukiri wrote:gesowan wrote: let me remain professional but this is what they wrote to me "We have a buy recommendation on the company. Our twelve month target price is at Ksh 80. We expect the company to make profits as the loss was due to labor issues that have since been settled.The company has a huge asset base and a huge track of land.The loan with Japan is yen denominated and the company is repaying it,there is a building boom in kenya providing the company with new growth opportunities. Good long term buy. Good broker that one. Nice and simple information. I get looooooong reports that make me question my intelligence. Nipe yeye and/or other novice-friendly brokers making_a_life-inchrist (at) yahu (dot) com with a company like this they lose me at management...i dont hear anything else after that @Aguy, ditto
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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gesowan wrote:infact i have placed an order for this stock
"lets buy when there is blood in the streets" All the best. BTW, you will be very lucky to fill your order in this illiquid counter. It has a free float of 6% only (GOK holds 25.6%, NSSF - 27% and Lafarge 41.7%)
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EAPCC buy buy!!!!
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