Kenya re at below 13 is a buy for me.I bailed out of HFCK at 19,even if you give it a 50% growth its PE will still be in the range of 15.

Did anyone here buy KQ at sh20 on 30th Sept?

Gosh, you must be truly happy!

@kishindo; Good for you!

@guru I am NOT saying you are wrong... lakini what lack of fundamentals are you talking about for KQ?

As for share price... I do not know but I am reasonably confident that their financial performance will be much better than last year EVEN after 'discounting' the Hedge Losses.

the reason analysts have priced this stock btwn 33-41 is simply when its profits turn positive this year so will its P/E and thats when u'll see what i'm talking about...

full year P.A.T must be above 2billion to even have a small chance at supporting current price.. i just dont see that for 2010
right now the risk is MUCH higher than the reward.

Vitu vingi sana.... i got in at 18 and out at 50 basing on that judgement... but if ur right i'll jump right back in to it after the annoncement...

but if i'm right and ur wrong.........

@guru; trippled your money in 0 months....that's good; but with that kind of gain, why did you sell your holding in full?

@VVS; I like your optimism, but bear in mind that the market might not respond in correspondence to the results. There is also the factor of demand: what if the large buys interested in this stock buy their stakes before the results?

@VVS i see ur point from the hedging point of view but i realised on the NSE one can wait until after the annoncement due to a slow market response... which takes about a week...


@mukiha.. i liquidated everythin cos this is a really risky snd speculative counter... i really dont like this example but iwouldnt want to think what would have happened if it was KQ today instead of ethiopian...

wtith counters like this i usually hit my target and run to someting defensive.. then wait for the next oppurtunity...
why doesnt anyone talk about KPLC???

I have to agree were it KQ which experienced what Ethiopian did yesterday they many wazurians including myself would have suffered greatly.

I had KQ during the other accident and being quite sentimental i thought it better to keep the share and see how it was going to play out having bought it for a pricely KES 110. I watched as the share plummeted down rapidly towards 80 and was lucky to change my mind and sell the damn thing at 88.

This time i am scared of being caught out. Even when a plane comes off the sky in the Atlantic (AF) or in the mediteranean (ET) i always get jittery with memory of what happened to me. But luckily i had already sold half of KQ to take profits by the time news of ET hit the market. I dont think there is need to sell anymore as i am sure when the results come in may, and with a PE of 5 or less and a divided of 1 bob+ the KQ share will hit 80 or more and it's bad to miss out on that whatever the risk (or "the pancake justifies the risk", as i used to say when stealing my grandmas pancakes) ...

@cnn - Some of these deals are 'pre-negotiated' i.e. the Sellers have already found Buyers (thru brokers, etc)

Helios might be raising cash?