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Pump & Dump Schemes at the NSE
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holycow
#41 Posted : Wednesday, January 23, 2013 8:01:53 PM
Rank: Veteran


Joined: 11/11/2006
Posts: 972
Location: Home
S.Mutaga III wrote:
J1Andrea wrote:
I'm buy cheap stocks. CiC is at the top of my list. The rest, l am waiting for the them to get dirt cheap.

welcome to wazua...but you are thinking like wanjiku...heheh....by the time you are a member you will know that CIC at 4bob is more expensive than Williamson Tea at Ksh180.


While at it, he can throw in Neveready, Access and Sameer, those too are "cheap" below 5.50/=
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ChessMaster
#42 Posted : Wednesday, January 23, 2013 8:08:05 PM
Rank: Elder


Joined: 2/23/2009
Posts: 1,626
I like access.
Uncertainty is certain.Let go
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murchr
#43 Posted : Thursday, January 24, 2013 5:39:44 AM
Rank: Elder


Joined: 2/26/2012
Posts: 15,980
holycow wrote:
S.Mutaga III wrote:
J1Andrea wrote:
I'm buy cheap stocks. CiC is at the top of my list. The rest, l am waiting for the them to get dirt cheap.

welcome to wazua...but you are thinking like wanjiku...heheh....by the time you are a member you will know that CIC at 4bob is more expensive than Williamson Tea at Ksh180.


While at it, he can throw in Neveready, Access and Sameer, those too are "cheap" below 5.50/=


Ha ha Laughing out loudly Laughing out loudly Laughing out loudly
"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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FOsiemo10M
#44 Posted : Thursday, January 24, 2013 9:27:35 AM
Rank: User


Joined: 1/5/2013
Posts: 66
holycow wrote:
S.Mutaga III wrote:
J1Andrea wrote:
I'm buy cheap stocks. CiC is at the top of my list. The rest, l am waiting for the them to get dirt cheap.

welcome to wazua...but you are thinking like wanjiku...heheh....by the time you are a member you will know that CIC at 4bob is more expensive than Williamson Tea at Ksh180.


While at it, he can throw in Neveready, Access and Sameer, those too are "cheap" below 5.50/=



You do know you can still make money from the stocks you have mentioned.
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Mucene
#45 Posted : Sunday, January 27, 2013 9:07:25 PM
Rank: Member


Joined: 8/4/2012
Posts: 155
Location: Kenya
Aguytrying wrote:
J1Andrea wrote:
I'm buy cheap stocks. CiC is at the top of my list. The rest, l am waiting for the them to get dirt cheap.


How is CiC cheap when price/book is 2.Liar Shame on you means you are paying double for what its really worth, furthermore insurance companies historically trade at low P/B ratios unlike banks


CIC price/book is 0.1 and a PE of 0.5, I believe that is a very cheap stock to anyone LINK: http://www.bloomberg.com/quote/CIC:KN
If you don't want to go to plan B have a good plan A.
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ChessMaster
#46 Posted : Sunday, January 27, 2013 9:12:08 PM
Rank: Elder


Joined: 2/23/2009
Posts: 1,626
Mucene wrote:
Aguytrying wrote:
[quote=J1Andrea]I'm buy cheap stocks. CiC is at the top of my list. The rest, l am waiting for the them to get dirt cheap.


How is CiC cheap when price/book is 2.Liar Shame on you means you are paying double for what its really worth, furthermore insurance companies historically trade at low P/B ratios unlike banks


CIC price/book is 0.1 and a PE of 0.5, I believe that is a very cheap stock to anyone LINK: http://www.bloomberg.com/quote/CIC:KN[/quote]

Now that is compelling.
Uncertainty is certain.Let go
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hisah
#47 Posted : Monday, January 28, 2013 5:30:17 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
I wonder what bloomberg is using to calc P/E of 0.51.

H1 2012 EPS = 0.19. Say H2 2012 EPS is same as H1 2012, full yr EPS = 0.38. Therefore forward P/E = 4.15/0.38 = 10.92. So where is bloomberg getting that weird data from since trailing P/E also doesn't add up to that figure?

CIC is still expensive on P/E compared to the rest of the insurance counters with better prospects like Jubilee or Kenya RE. Unless they own an oil field, I don't see why its overvalued by Mr Market.

http://www.rich.co.ke/rcdata/company.php?i=NjE%3D
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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murchr
#48 Posted : Monday, January 28, 2013 7:13:28 AM
Rank: Elder


Joined: 2/26/2012
Posts: 15,980
hisah wrote:
I wonder what bloomberg is using to calc P/E of 0.51.

H1 2012 EPS = 0.19. Say H2 2012 EPS is same as H1 2012, full yr EPS = 0.38. Therefore forward P/E = 4.15/0.38 = 10.92. So where is bloomberg getting that weird data from since trailing P/E also doesn't add up to that figure?

CIC is still expensive on P/E compared to the rest of the insurance counters with better prospects like Jubilee or Kenya RE. Unless they own an oil field, I don't see why its overvalued by Mr Market.

http://www.rich.co.ke/rcdata/company.php?i=NjE%3D



Quote:
Net Claims of +61% is a worrying Line Item.

d'oh! d'oh! Pray
"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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ChessMaster
#49 Posted : Monday, January 28, 2013 4:01:24 PM
Rank: Elder


Joined: 2/23/2009
Posts: 1,626
Huff and Puff
Uncertainty is certain.Let go
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