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Despite the rally, notable laggards.
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VituVingiSana
#71 Posted : Thursday, January 28, 2010 7:33:53 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
@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
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
@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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Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
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
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
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
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
@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
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
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
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
@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
Rank: Member

Joined: 1/9/2008
Posts: 537
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
Rank: Elder

Joined: 2/26/2008
Posts: 4,449
@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
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
@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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