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Despite the rally, notable laggards.
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ecstacy
#61 Posted : Wednesday, January 27, 2010 9:03:44 AM
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hope you boarded as advised. the mkokoteni's are leaving..Kenya-Re starting to fly..
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ecstacy
#62 Posted : Wednesday, January 27, 2010 4:03:19 PM
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are you on the Kenol Kobil ride?..
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muganda
#63 Posted : Wednesday, January 27, 2010 4:44:00 PM
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@ecstacy, I'm admiring the horses from afar. Though at 16/17% gain they Kenya-Re/Kenol look more like stallions rather than thoroughbreds.

Perhaps they'll appreciate another 5-10% by Friday.
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the deal
#64 Posted : Wednesday, January 27, 2010 4:58:36 PM
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Location: Windhoek/Nairobbery
50000/9.70=5000 coop shares+commision of 2.1%....reason: end of year result in 3 weeks time...expecting a better than last year perfomance...target price 15...27/01/2010....happy hunting...
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VituVingiSana
#65 Posted : Wednesday, January 27, 2010 5:09:41 PM
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muganda wrote:
@ecstacy, I'm admiring the horses from afar. Though at 16/17% gain they Kenya-Re/Kenol look more like stallions rather than thoroughbreds.

Perhaps they'll appreciate another 5-10% by Friday.


Muganda - Your analogy makes no sense...

Stallions are male...

Thoroughbreds are a 'breed'... Have both Stallions & Mares...

A stallion can be a thoroughbred...


Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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muganda
#66 Posted : Wednesday, January 27, 2010 5:21:11 PM
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Well said @VVS, pardon my haste. Perhaps 'mustang' would have been more appropriate as opposed to 'stallion'
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VituVingiSana
#67 Posted : Wednesday, January 27, 2010 5:27:31 PM
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the deal wrote:
50000/9.70=5000 coop shares+commision of 2.1%....reason: end of year result in 3 weeks time...expecting a better than last year perfomance...target price 15...27/01/2010....happy hunting...


Don't you find the 12x PE expensive compared to other banks?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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VituVingiSana
#68 Posted : Wednesday, January 27, 2010 5:28:51 PM
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muganda wrote:
Well said @VVS, pardon my haste. Perhaps 'mustang' would have been more appropriate as opposed to 'stallion'


LOL... just pulling your leg...

Though mustangs thrive better in tough conditiond unlike Thoroughbreds that need pampering...

BTW, no sellers for KK after the announcement. Buyers were lined up...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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sparkly
#69 Posted : Wednesday, January 27, 2010 9:56:07 PM
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the deal wrote:
50000/9.70=5000 coop shares+commision of 2.1%....reason: end of year result in 3 weeks time...expecting a better than last year perfomance...target price 15...27/01/2010....happy hunting...

and i just jumped off at the same price. Had picked up at 6.20 Made a profit for myself and now on the lookout for another under-valued counter...cfc, KK, cables?
Life is short. Live passionately.
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guru267
#70 Posted : Thursday, January 28, 2010 5:29:13 AM
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@VVS i dont think a P/E of 12 for co-op is expensive especially since it has plenty of local interest which is still subdued... i think with local interest returning that P/E will look really cheap
Mark 12:29
Deuteronomy 4:16
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VituVingiSana
#71 Posted : Thursday, January 28, 2010 7:33:53 AM
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@guru - The P/E for Co-op would only be cheap if the profits rise substantially... I am comparing KCB to Co-op & I find KCB has a lower PE (10-12)
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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guru267
#72 Posted : Thursday, January 28, 2010 8:12:20 AM
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@VVS i was meaning that with a P/E of 12 it still looks kind of cheap because of projected rise in profits and projected come back of Wanjiku to the NSE.. this stock has plenty of foreign interest
Mark 12:29
Deuteronomy 4:16
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guru267
#73 Posted : Thursday, January 28, 2010 8:13:21 AM
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SORRY i meant to say local not foreign interest
Mark 12:29
Deuteronomy 4:16
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VituVingiSana
#74 Posted : Thursday, January 28, 2010 8:44:00 AM
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guru267 wrote:
@VVS i was meaning that with a P/E of 12 it still looks kind of cheap because of projected rise in profits and projected come back of Wanjiku to the NSE.. this stock has plenty of foreign interest


Maybe... but I am going to wait for 2009 results for the banks (incl Co-op) before I make my move. I would buy if the price fell to 9/- (ceteris paribus)...

I like KCB coz of its diversification into East & Central Africa yet has a decent P/E at the moment...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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guru267
#75 Posted : Thursday, January 28, 2010 8:56:48 AM
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@VVS i agree about KCB when it comes to fundamentals but in terms of share price it loves to stagnate around where its now... i got into it in september and its really underperformed the market and my portfolio so i just sold and dove into kenya re...

if ur really interested in KCB i hope u go in for 1 or 2 years bcos thats when i see returns...
Mark 12:29
Deuteronomy 4:16
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VituVingiSana
#76 Posted : Thursday, January 28, 2010 10:38:28 AM
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If I get decent returns on KCB - if the profits can increase 10-15% annually - I am OK with the current price of KCB...

I expect (hope?) KCB has a good 2010... & a spectacular 2011...

In 2010, KCB needs to sort out the nagging 'bad' loans including Triton, Uchumi, Pan Paper... & ensure they monitor the other loans closely as well...

I think the Triton & Uchumi loans will be dealt with in 2010...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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guru267
#77 Posted : Thursday, January 28, 2010 10:43:19 AM
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@VVs
How do u think the merger with S&L will go for KCB? how long will i have to hold for price to go above 30?
Mark 12:29
Deuteronomy 4:16
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kizee
#78 Posted : Thursday, January 28, 2010 10:43:38 AM
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the most naggin problem kcb has is customer service...they cannot expect to grow revenues the way they operate...never ever
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ecstacy
#79 Posted : Thursday, January 28, 2010 10:50:08 AM
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@muganda, if there is a share that still has more upside on the NSE, it should be Kenol...when foreigners resume buyside i expect further appreciation on KenolKobil, Kenya-Re and by bouyed locals HFCK and Sasini.
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VituVingiSana
#80 Posted : Thursday, January 28, 2010 11:35:41 AM
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@guru - I have NO idea when KCB will hit 30/-... otherwise I would be a billionaire!!!

S&L was a 100% owned subsidiary of KCB... so the merger announcement was a mere formality...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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