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Kakuzi Ltd Profit Warning
Rank: Chief Joined: 1/3/2007 Posts: 18,361 Location: Nairobi
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S.Mutaga III wrote:ProverB wrote:S.Mutaga III wrote:I may decide to have half of my portfolio in agrics...i believe their situatio is temporary.If huge bargains come along,the likes of williamson and rea vipingo,I will pull the buy trigger. Eeeeish!! Mboss?? have you tried vaimba? (but i digress) ..please read the respective company's own forecasts?? Anyway...your only other options are financials and may be crown berger...just because it is very small (share volume) and is profitable.. but half portfolio on agriculture?...unless portfolio yako ni ndogo tu sana. yeah...i have a very small portfolio...just 5 companies...never had more than six because it shows you dont know what you are doing.I would rather invest heavily on four stocks than small amounts in 10stocks Warren Buffett advises retail investors to pick 5-10 stocks & go in with conviction rather than spread oneself too thin... One can keep track of 5-10 stocks much better than 10+ Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 3/12/2010 Posts: 1,199 Location: Eastlander
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S.Mutaga III wrote:ProverB wrote:S.Mutaga III wrote:I may decide to have half of my portfolio in agrics...i believe their situatio is temporary.If huge bargains come along,the likes of williamson and rea vipingo,I will pull the buy trigger. Eeeeish!! Mboss?? have you tried vaimba? (but i digress) ..please read the respective company's own forecasts?? Anyway...your only other options are financials and may be crown berger...just because it is very small (share volume) and is profitable.. but half portfolio on agriculture?...unless portfolio yako ni ndogo tu sana. yeah...i have a very small portfolio...just 5 companies...never had more than six because it shows you dont know what you are doing.I would rather invest heavily on four stocks than small amounts in 10stocks I meant small in terms of cash outlay...not variety of stocks. ..unlike many i rather put my eggs in one tray and seriously watch that tray. ..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
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Rank: Member Joined: 3/26/2012 Posts: 830
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ProverB wrote:S.Mutaga III wrote:ProverB wrote:S.Mutaga III wrote:I may decide to have half of my portfolio in agrics...i believe their situatio is temporary.If huge bargains come along,the likes of williamson and rea vipingo,I will pull the buy trigger. Eeeeish!! Mboss?? have you tried vaimba? (but i digress) ..please read the respective company's own forecasts?? Anyway...your only other options are financials and may be crown berger...just because it is very small (share volume) and is profitable.. but half portfolio on agriculture?...unless portfolio yako ni ndogo tu sana. yeah...i have a very small portfolio...just 5 companies...never had more than six because it shows you dont know what you are doing.I would rather invest heavily on four stocks than small amounts in 10stocks I meant small in terms of cash outlay...not variety of stocks. ..unlike many i rather put my eggs in one tray and seriously watch that tray. You are right...am not a rich man.But am grateful for whatever I have. 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: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi
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very shy on agriculture since I can't tell what will affect the conter, is it rain, brazil, disease, strike, labour, exchange rate etc. I let other worry about that. On the other hand the land on which these companies stand must have appricoites or is this taken into account in the full year results.
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Rank: Chief Joined: 1/3/2007 Posts: 18,361 Location: Nairobi
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Agriculture is the backbone of almost all countries including KE. Why? Without (renewable) resource extraction, most countries will be in huge trouble. If these firms adopted Israeli agricultural practices e.g. smart farming, greenhouses, drip irrigation... I think they could be more profitable. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 10/10/2009 Posts: 52
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The agric sector contributes 24% of the Kenyan GDP. Evidently, this does not reflect on NSE boards, if it did, agricultural stocks would sell at better prices.
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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"This profit warning announcement is based on the performance indicated by the unaudited results to 30th September 2012 with reference to information currently available." K W Tarplee, Chairman, 29 November 2012
The chap is quoting Q3 2012 results that we dont have (and wont get). I say, like i have said before, NSE/CMA should make it a rule for all listed firms to release quarterly results
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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mwekez@ji wrote:"This profit warning announcement is based on the performance indicated by the unaudited results to 30th September 2012 with reference to information currently available." K W Tarplee, Chairman, 29 November 2012
The chap is quoting Q3 2012 results that we dont have (and wont get). I say, like i have said before, NSE/CMA should make it a rule for all listed firms to release quarterly results Seconded! I thought with a little bit more (deep) search I would grab something, but obviously I was wrong! Any guess on 9M12 numbers? Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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S.Mutaga III wrote:ProverB wrote:S.Mutaga III wrote:ProverB wrote:S.Mutaga III wrote:I may decide to have half of my portfolio in agrics...i believe their situatio is temporary.If huge bargains come along,the likes of williamson and rea vipingo,I will pull the buy trigger. Eeeeish!! Mboss?? have you tried vaimba? (but i digress) ..please read the respective company's own forecasts?? Anyway...your only other options are financials and may be crown berger...just because it is very small (share volume) and is profitable.. but half portfolio on agriculture?...unless portfolio yako ni ndogo tu sana. yeah...i have a very small portfolio...just 5 companies...never had more than six because it shows you dont know what you are doing.I would rather invest heavily on four stocks than small amounts in 10stocks I meant small in terms of cash outlay...not variety of stocks. ..unlike many i rather put my eggs in one tray and seriously watch that tray. You are right... am not a rich man.But am grateful for whatever I have. That is a humble person, you will make it!  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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The major shareholders never sell but the Wanjikus in the stock who hold less than 500 shares panic sell at a whiff of trouble. Why hasn't the stock tanked yet? Life is short. Live passionately.
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