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CFC Stanbic
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RichVee
#1 Posted : Thursday, February 25, 2010 10:41:20 AM
Rank: Member


Joined: 1/26/2010
Posts: 124
Anyone with infor on this counter? Is it time to buy? Should we expect it to bounce upwards anytime soon?

currently @ 43.50, it is inching close to the lowest value it has been in the last 12 months.

Tired of mediocrity. Am going to the very top!
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RichVee
#2 Posted : Thursday, February 25, 2010 10:45:58 AM
Rank: Member


Joined: 1/26/2010
Posts: 124
I am in buying mode. I am also considering Standard Group and Centum. My thinking being that they are quite low, and have no reason to remain low, so the only option is to go up. Speculatively speaking...
Tired of mediocrity. Am going to the very top!
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2012
#3 Posted : Thursday, February 25, 2010 11:48:11 AM
Rank: Elder


Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
RichVee wrote:
I am also considering Standard Group and Centum.


I'm not touching these two.
Standard Group, have to wait and see their financials first. That move to the new building plus fulfilling their lease contract with I&M can't be that good.

Centum, this railway issue, still not sure whether this train is moving forward or backwards.

BBI will solve it :)
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VituVingiSana
#4 Posted : Thursday, February 25, 2010 12:12:34 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,118
Location: Nairobi
2012 wrote:
[quote=RichVee]
Standard Group, have to wait and see their financials first. That move to the new building plus fulfilling their lease contract with I&M can't be that good.

Standard Group obligations to I&M cant be that bad... There may be costs to relocating but also efficiencies...
As for I&M lease, KTN needs to be in CBD where the action is... like the jamia riots! Plus classifieds will remain in CBD as well.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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stock.enigma
#5 Posted : Thursday, February 25, 2010 12:16:16 PM
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Joined: 8/14/2009
Posts: 244
Pls stick to the topic: CFC Stanbic
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RichVee
#6 Posted : Thursday, February 25, 2010 1:39:55 PM
Rank: Member


Joined: 1/26/2010
Posts: 124
stock.enigma wrote:
Pls stick to the topic: CFC Stanbic



What of CFC Stanbic?
Tired of mediocrity. Am going to the very top!
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sheep
#7 Posted : Thursday, February 25, 2010 1:58:32 PM
Rank: Veteran


Joined: 7/24/2008
Posts: 781
I think its safe to bottom fish CFC and Centum...good things are about to happen.
The utimate goal of investing is to buy low sell high;if we re-write this core equation in psychology terms it becomes buy fear sell greed.
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sparkly
#8 Posted : Thursday, February 25, 2010 4:16:55 PM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
sheep wrote:
I think its safe to bottom fish CFC and Centum...good things are about to happen.

I agree, however centum i cannot buy. I will not do business with CK, personal decision.
Life is short. Live passionately.
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VituVingiSana
#9 Posted : Thursday, February 25, 2010 5:41:59 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,118
Location: Nairobi
sparkly wrote:
sheep wrote:
I think its safe to bottom fish CFC and Centum...good things are about to happen.

I agree, however centum i cannot buy. I will not do business with CK, personal decision.

Amen! Jamaa screwed up Uchumi!
If the Suresh Shah jamaa (who remembers him?) was in charge, then Uchumi wud be bigger than Nakumatt is today!!!
5/- dividends were sweet... and this is in the 1990s!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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gogeta
#10 Posted : Friday, February 26, 2010 9:23:28 AM
Rank: Member


Joined: 10/17/2008
Posts: 338
Location: Kenya
Has the bank announced their results yet?

I also think thats the lowest it can hit bought some at 44.00.
Think the unthinkable but wear a dark suit
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sparkly
#11 Posted : Friday, February 26, 2010 6:00:08 PM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
VituVingiSana wrote:
sparkly wrote:
sheep wrote:
I think its safe to bottom fish CFC and Centum...good things are about to happen.

I agree, however centum i cannot buy. I will not do business with CK, personal decision.

Amen! Jamaa screwed up Uchumi!
If the Suresh Shah jamaa (who remembers him?) was in charge, then Uchumi wud be bigger than Nakumatt is today!!!
5/- dividends were sweet... and this is in the 1990s!

@VVS those were the days. I don't think i will ever forgive CK for taking a perfectly good company and doing to what what the politicians did to Mau.
Life is short. Live passionately.
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VituVingiSana
#12 Posted : Friday, February 26, 2010 7:48:39 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,118
Location: Nairobi
sparkly wrote:
VituVingiSana wrote:
sparkly wrote:
sheep wrote:
I think its safe to bottom fish CFC and Centum...good things are about to happen.

I agree, however centum i cannot buy. I will not do business with CK, personal decision.

Amen! Jamaa screwed up Uchumi!
If the Suresh Shah jamaa (who remembers him?) was in charge, then Uchumi wud be bigger than Nakumatt is today!!!
5/- dividends were sweet... and this is in the 1990s!

@VVS those were the days. I don't think i will ever forgive CK for taking a perfectly good company and doing to what what the politicians did to Mau.

Bought Uchumi @16 (IPO) & dividends were v good. Better than savings account unless you went for Treasury Bills. Uchumi high was 60/- (if I am not mistaken)

I bailed @45/- after Titus Mugo (Shah's heir) was kicked out.

CK destroyed the firm. It cut dividends, then stopped dividends, then did a Rights Issue, then folded up!

I bought shares in the Rights Issue (coz CK had left) but I had no idea how bad it was. I heard merali buying in (& selling out) & I bailed again! Another unsavoury chap!
LUCK played a huge role for me but I still got stuck with some shares!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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sparkly
#13 Posted : Friday, February 26, 2010 9:05:07 PM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
VituVingiSana wrote:
sparkly wrote:
VituVingiSana wrote:
sparkly wrote:
sheep wrote:
I think its safe to bottom fish CFC and Centum...good things are about to happen.

I agree, however centum i cannot buy. I will not do business with CK, personal decision.

Amen! Jamaa screwed up Uchumi!
If the Suresh Shah jamaa (who remembers him?) was in charge, then Uchumi wud be bigger than Nakumatt is today!!!
5/- dividends were sweet... and this is in the 1990s!

@VVS those were the days. I don't think i will ever forgive CK for taking a perfectly good company and doing to what what the politicians did to Mau.

Bought Uchumi @16 (IPO) & dividends were v good. Better than savings account unless you went for Treasury Bills. Uchumi high was 60/- (if I am not mistaken)

I bailed @45/- after Titus Mugo (Shah's heir) was kicked out.

CK destroyed the firm. It cut dividends, then stopped dividends, then did a Rights Issue, then folded up!

I bought shares in the Rights Issue (coz CK had left) but I had no idea how bad it was. I heard merali buying in (& selling out) & I bailed again! Another unsavoury chap!
LUCK played a huge role for me but I still got stuck with some shares!

At around that time i remember my finance lecturer going on about Uchumi being a good example of a company undervalued at IPO and KQ grossly overvalued. Lol how things change! Got in at 33 but was able to recoup some losses by selling a third of my holdings at 22 after exercising the rights. I don't plan to make a loss on the reminder. I will wait 10 years if need be.
Life is short. Live passionately.
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RichVee
#14 Posted : Saturday, February 27, 2010 9:25:15 AM
Rank: Member


Joined: 1/26/2010
Posts: 124
I always wanted Uchumi, but somehow never got to buy. Something always came up where i needed to put in the money, i guess i was lucky in that regard. But I intend to buy some uchumi once they begin trading again, ofcourse once the price is reasonable..
Tired of mediocrity. Am going to the very top!
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VituVingiSana
#15 Posted : Saturday, February 27, 2010 9:36:47 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,118
Location: Nairobi
@sparkly -
Uchumi soared after IPO until kirubi the krook took over...
KQ never caught Kenyans' imagination coz very few Kenyans flew in the early 90s & it fell from 11.25 to 7-8 range for years...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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