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mkonomtupu
#31 Posted : Wednesday, February 24, 2010 9:50:56 AM
Rank: Veteran

Joined: 2/10/2010
Posts: 1,001
Location: River Road
Looks like a stampede on agricultural stocks must be foreign buyers. Reaviping, Kakuzi and Sasini. I have never quite understood accounting for biological assets so i wont look for bargains here.
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sparkly
#32 Posted : Thursday, February 25, 2010 9:58:07 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
mkonomtupu wrote:
Anyone know what is happening in Rea Vipingo? The price has been going up the last few days.
its expected. Remember the market is still recovering from last year's lows. Recovery started with the bluechips then the medium caps. The market has recognised that bargains now exist on some medium caps and the small caps. No surprise really..
Life is short. Live passionately.
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selah
#33 Posted : Thursday, February 25, 2010 12:28:45 PM
Rank: Elder

Joined: 10/13/2009
Posts: 1,950
Location: in kenya
Chaka wrote:
Can someone explain to me what determines the number of shares a company issues or is worth?


From the little accounting I know:

Assets= Capital + Liabilities

there4

Capital = Assets - liabilities.

capital is the worth of the owners in a given company hence A company may take a percentage of this equity and sell at a premium.

e.g co-orperative bank sold 25% of its share capital per book value of 1/= @ 9.50/=

Please any errors are regretable.
'......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
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VituVingiSana
#34 Posted : Thursday, February 25, 2010 12:34:42 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
@selah: You are right BUT please note that the concept of 'par value' is outdated in our capital markets...

Anyway, the par value (e.g. 1/- for coop) has little correlation with NAV/share...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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mkonomtupu
#35 Posted : Thursday, February 25, 2010 12:35:10 PM
Rank: Veteran

Joined: 2/10/2010
Posts: 1,001
Location: River Road
sparkly wrote:
mkonomtupu wrote:
Anyone know what is happening in Rea Vipingo? The price has been going up the last few days.
its expected. Remember the market is still recovering from last year's lows. Recovery started with the bluechips then the medium caps. The market has recognised that bargains now exist on some medium caps and the small caps. No surprise really..

I will accept that. Agric. stocks are not my cup of tea. I read the sasini annual report nothing substantial from the MD. I will watch for trends.
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selah
#36 Posted : Thursday, February 25, 2010 12:58:24 PM
Rank: Elder

Joined: 10/13/2009
Posts: 1,950
Location: in kenya
VituVingiSana wrote:


Anyway, the par value (e.g. 1/- for coop) has little correlation with NAV/share...


please enlighten me on NAV/share.Thanks
'......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
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guru267
#37 Posted : Thursday, February 25, 2010 1:13:54 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
selah wrote:
please enlighten me on NAV/share.Thanks



@selah NAV/share is simple..

total assets - (total liabilities + goodwill) then you divide by the number of shares
Mark 12:29
Deuteronomy 4:16
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selah
#38 Posted : Friday, February 26, 2010 11:39:06 AM
Rank: Elder

Joined: 10/13/2009
Posts: 1,950
Location: in kenya
guru267 wrote:
[quote= NAV/share is simple..

total assets - (total liabilities + goodwill) then you divide by the number of shares


Now how do you quantify goodwill
'......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
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obiero
#39 Posted : Saturday, June 18, 2022 4:21:24 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,213
Location: nairobi
guru267 wrote:
Scubidu wrote:
@guru267. what's the significance of 8times p/e and why doesn't it apply to agriculturals?


@scubidu i say 8 times because a p/e of 8 and below is considered cheap by most analysts and there is huge chance for price increase if there is profit growth..
it doesnt work for agriculturals as these stocks tend to have low p/e due to extremely volatile earnings and lack of interest/demand by investors...

PE really helps, especially when consideration is done per industry.. I'm a lover of high PE stocks with current low stock prices, which could mean that investors are expecting high growth rates in the future

KQ ABP 4.26
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