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3rd Quarter Rally........What to buy
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guru267
#11 Posted : Monday, October 07, 2013 2:51:25 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
mkonomtupu wrote:
The market is too pricey, dividend yields too low, you are better off keeping your cash in the money market


The forward dividend yield on Pan Africa is mouth watering!


Mark 12:29
Deuteronomy 4:16
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Metasploit
#12 Posted : Monday, October 07, 2013 3:15:28 PM
Rank: Veteran

Joined: 3/26/2012
Posts: 985
Location: Dar es salaam,Tanzania
mwekez@ji wrote:
Metasploit wrote:

Exit volumes on Kenya Re and Kenol kobil


These shall see good days once the selling presure is done. ... They are a BUY all the way to where the sellers are willing to go


@Mwekezaji I learnt a hard lesson to concentrate only on blue chips and other foreign friendly counters, during bulls.2013 rally has been due to unrelenting foreign bids and they(foreigners) are very picky.Thats why we have good stocks like kenya re trading at very low PEs

“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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mwekez@ji
#13 Posted : Monday, October 07, 2013 3:53:04 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
Metasploit wrote:
mwekez@ji wrote:
Metasploit wrote:

Exit volumes on Kenya Re and Kenol kobil


These shall see good days once the selling presure is done. ... They are a BUY all the way to where the sellers are willing to go


@Mwekezaji I learnt a hard lesson to concentrate only on blue chips and other foreign friendly counters, during bulls.2013 rally has been due to unrelenting foreign bids and they(foreigners) are very picky.Thats why we have good stocks like kenya re trading at very low PEs


Foreign interest in the big cap counters is one of the reason I like Equity Bank. However, I don’t think that should be a reason to ignore other highly undervalued counters. Counter like CFC, HFCK are seeing good days without foreign inflow. KenyaRe and KK will also have their day.
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muganda
#14 Posted : Monday, October 07, 2013 5:08:14 PM
Rank: Elder

Joined: 9/15/2006
Posts: 3,907
Why do I have a feeling by the end of this thread we'll have most counters mentioned?

Anyway, a rising tide raises all boats; from the battered canoe to the five star cruise liner smile
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stock.enigma
#15 Posted : Monday, October 07, 2013 5:58:59 PM
Rank: Member

Joined: 8/14/2009
Posts: 244
I will keep my eyes open over the next few weeks
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VituVingiSana
#16 Posted : Monday, October 07, 2013 6:08:12 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,344
Location: Nairobi
stocksmaster wrote:
mkonomtupu wrote:
The market is too pricey, dividend yields too low, you are better off keeping your cash in the money market


It all depends on ones risk appetite.

About a month ago, Safaricom was trading come dividend at a price of Ksh 7.50; now its at Ksh 9.20...thats a 22.5% per month net capital gains if you factor the dividends of Ksh 0.31 as equivalent to transaction costs incurred during purchase.....the best offer from the money market during that period is the 12 year infrastructure bond with a tax free return of 12.393 per year (about 1% per month).

It will take the Infrastructure bond investor 2 years to make what the safaricom investor will have made in the last 30 days all because of the risk one was ready to take.

Happy Hunting.
History. IMHO, at 9.20 Safcom looks very pricey. It can go higher but just not for me.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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mwekez@ji
#17 Posted : Monday, October 07, 2013 7:04:07 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
Invest In Stocks, Even If Prices Rise



It might seem like a daredevil approach these days, but you should invest in stocks.

Yes, prices are higher than last month and much higher than the beginning of the year, but still…invest in stocks.

Why am I so sure? ... read on >>> Wazua Feature
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Mukiri
#18 Posted : Monday, October 07, 2013 8:05:47 PM
Rank: Elder

Joined: 7/11/2012
Posts: 5,222
stocksmaster wrote:
The market seems to be bullish on the expectations of good 3rd quarter results.

My rating of some stocks at current prices is as follows:
1. KCB - As price approaches Ksh 50 - Hold
2. CFC - At current prices; Accumulate on price dips below Ksh 80.
3. Coop Bank - Buy with target price of Ksh 19
4. Equity Bank - Buy with target price of Ksh 40
5. HFCK - Buy with target price Ksh 29
6. Safaricom - Accumulate at price dips below Ksh 9.00

Happy Hunting.

Erokamano

Proverbs 19:21
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Aguytrying
#19 Posted : Tuesday, October 08, 2013 7:09:01 AM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
mwekez@ji wrote:
Metasploit wrote:

Exit volumes on Kenya Re and Kenol kobil


These shall see good days once the selling presure is done. ... They are a BUY all the way to where the sellers are willing to go


yep. and the fact that they are not rallying with the others of course with a check on fundamentals. these are the stocks to buy
The investor's chief problem - and even his worst enemy - is likely to be himself
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Metasploit
#20 Posted : Tuesday, October 08, 2013 10:32:05 AM
Rank: Veteran

Joined: 3/26/2012
Posts: 985
Location: Dar es salaam,Tanzania
I have taken a walk on the NSE and i see desperate buyers.No supply for Home Afrikue.Diminishing supply for EABL ,Britam etc.I dont regret making an entry into equity(7% gain already) two days ago.Now am torn between EABL(at 350),Britam at 9.00 or i get some HFCK at 26.50(This one is yet to see some real madness before Thursday).

Foreigners are NET buyers while the local complains of overvalued stocks.The ghana stock exchange is already 69% YTD

ITS A TRADERS PARADISEsmile

“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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  | | Edit by user: Tuesday, October 08, 2013 10:34 AM | Reason: Not specified
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