No need to worry, he's okay. He passes his regards

Certainly a Great start for these two.
Mpesa firmly back in 11 territory!

Mpesa closes at 11.05,a high of 11.15 and VWAP 11.05.Volume at 9.5M with 71% Net foreign buy.

Lets see how it closes the week

!!

Lets see how it closes the week!This will give an indication on the price direction.Low volume might be due to diminished supply.so its important to observe whether supply will build up as price flirts with 11.30-11.50 levels.

In this market you sell a good share you regret almost immediately. I think its time to hold good stocks. just hold. I'm holding hfck, cfc, kk, tpse. even kk has turned green nowadays.

@young. I see your strategy, it's very wise. the bluechips rarely dissapoint! people don't understand why the trade high pe's but they still do. eg Arm.

By good stocks I'm including all good companies that are not over valued. I'm excluding the so called monkeys and shaky companies. I'm excluding grossly overvalued counters. your list is good as long as one doesn't buy when too overvalued. I'm a value investor so the valuation is very important to me, ill mix it up with bluechips that aren't too overvalued.

my caution is to people who feel they can speculate in this market, better to buy good stocks and just hold.

@cde. you are the true contrarian here. I'm more than impressed. some May not know, let me share.

1. KCB 2011/12. you drummed this up at 15.00 bob. oh no actually LOAR'D it. now its at 48 bob.

2. NBK 2012/13. when people didn't even want to think of this share you were buying at 16.00 range. and boy did it stay down there for long. true contrarian. felt like forever. the stock was feared, a monkey. no touch policy. today its at 30.50 and I'm seeing it overtaking my pride and joy HFCK very soon. will look to profit from rights issue somehow

3. 2013/14 your calling people to mumias. again like NBK, the stock stinks nobody wants to even look it..watch and learn is all I can tell them. and during the NBK play I asked you those doubting questions, sometimes it looks like a leap of Faith. being human ill ask one for mumias.
what are your prospects of the post comeca period? doesn't this scare the living daylights out of you for your capital invested.

congrats on your success, keep inviting and showing we of little faith.

dear @Aguy,
There is one stupid thing I discovered in your market after the economic meltdown of 2008 which I since applied in other african markets . Theoritically it is wrong, practically it is right. @chief Guru mentioned somewhere that here a lot of us apply theories not practicals.

(i) In frontier markets, there are more bull cycles than bear cycles, so you should not be afraid of the bears. Buy your favorite blue chip stocks at bear time rather than selling out as long as there is no long term negative news on that counter.

(ii) Profits growth margins is superior to valuations
I know you are a value investor, but this is the truth.
Why is ARM rising faster than Bamburi wheras Bamburi has better valuation ? Profit Growth.

Why is Panafric rising faster than Kenre wheras Kenre has better valuation ? Profit growth
is a more congent fact than Sanlam take over,

Why is KCB rising faster than equity wheras Equity has better valuation (Pe etc)? Profit growth.

Why is safaricom rising?:- Profit growth

Check out other rising counters. They do not have good valuations compared to their peers , but superior profit growth.

The truth is the counter with high pe if it consistently returns superior PBT, the valuations will improve, pe reduces, eps increases.


These days in the key is consistent growth not static valuations.
You are free to disagree or call me names, hakuna matata !!!
But be aware I have seen the good, the bad and the ugly in your market. I have tested many techniques, value investing, fundamentals, speculations etc before I finally settled on this. I started in 2014 and after Kengen rights
will I will fully subscribe I will not invest a shilling in NSE for a long time because my porfolio has grown to a reasonable and more than satisfactory level.
My last major purchase was in Mid July 2013 where I positioned in the 3 stars. Safaricom at 6.50, Panafric at 58 and HFCK at 24.75.

Thanks bro for the commendation. Much humbled. I suppose it is a tougher call to do the right thing as opposed to doing things right. Especially for us who seek value - where you can stay under the sun for quite a bit

KCB was a good play; right price, clearer and bankable vision executed by a seasoned Topman, Dr. Martin Odour.

NBK just had the price at the time, a lot of faith it took indeed.

Most of all, I have to appreciate the vigilantism on Wazua. Keeps one on toes reviewing & refining thinking ever so often. Cheers...

I also have to commend you as I have seen your confidence grow by leaps & bounds. Your approach has become more assertive. Big up Cde!

As for MSC, came across the sugar stats on the KNBS report http://www.knbs.or.ke/news/lei112013.pdf and it caught my attention. COMESA we will know the fate real soon. Kenya-Re is where there is more commitment going forward.

Let's see.

Safaricom:High of 11.30.Very good and consistent demand with no supply.I dont know where it is going to

The Taper fears did a good shakeout on Mpesa bank.

12 here we come # cc sufficiently Philanga

Thinks also looking good on centum and Britam.

Waiting for the buy signal on Home Afrik.