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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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@scubidu - If you look past just the Tea (which is at a high) there is the land... BTW, maybe Unilever will buy out (or sell out) Limuru... I do not understand why it is still listed when the much larger Brooke Bond (Unilever Tea) was delisted. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 9/4/2009 Posts: 700 Location: Nairobi
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@vvs. There's a reason why people like Baloo Patel are still in Limuru...and you're right they are counting on the land revaluation. Is there a high probability that this will happen? @the deal. Sasini is a sound counter...with cashflows...it's performance was not dismal, dividends and returns from ordinary trading activities was better than even Williamson...I bought Sasini at 4bob almost a year ago and haven't looked back...it's fair value is about 10bob IMHO. “We are the middle children of history man, no purpose or place. We have no great war, no great depression. Our great war is a spiritual war, our great depression is our lives!" – Tyler Durden
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Rank: Veteran Joined: 7/24/2008 Posts: 781
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I bought Kakuzi at what I thought was an over-extended price of 40,Today Ive bagged SASINI AT 10.50,now its for the market to tell me whether I am right or wrong...I wont argue with it. 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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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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@scubidu - I regret not buying sasini @4 but I disdain merali... Take ur profits & run! @sheep - Glad to hear on Kakuzi Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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Kapchorua 1H 2009-10 EPS was 11.45 (current price 127/-) Assumption that EPS is 2x for full year = 23/- P/E is less than 6 P/B is 0.7 Only 3,912,000 shares Total debt is only 20mn (5/- per share)!!! Williamson 1H 2009-10 EPS was 24.18 (current price 192/-) Assumption that EPS is 2x for full year = 48/- P/B is 0.7 P/E is 4 8,756,320 shares Total debt is 140mn (15/- per share) Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 5/31/2008 Posts: 1,076
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Its is trully the season for Agriculturals. Even the ever dormant Eaagads is up and running. Dunia ni msongamano..
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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flabbergasted, Kakuzi is now at 65. i think it will hit 70 in the week. A 100% rise in one month! Life is short. Live passionately.
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Rank: Veteran Joined: 6/17/2009 Posts: 1,619
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sasini gets to 13 and my initial investment at 6.50 is doubled,got grredy and bought more at 11 yesterday.
@vvs..the earnings you give must be inclusive of biological assets value,what if you strip that and are left with the core tea business?
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Rank: Elder Joined: 12/9/2009 Posts: 6,592 Location: Nairobi
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VituVingiSana wrote: I disdain merali... Take ur profits & run!i @vvs, seriously, what's your beef with Merali?
BBI will solve it :)
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Rank: Member Joined: 5/30/2008 Posts: 20
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Hi all, We live life and dream dreams. To be successful be real
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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2012 wrote:VituVingiSana wrote: I disdain merali... Take ur profits & run!i @vvs, seriously, what's your beef with Merali? U kidding, right? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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?? Life is short. Live passionately.
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Rank: Elder Joined: 2/26/2008 Posts: 4,449
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Damn.I took profits on Sasini awaiting stability in agriculturals and the damn thing is running away! anyway, lessons on greed have me act that way 
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Rank: Veteran Joined: 7/24/2008 Posts: 781
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will there come a time for kenya orchards,I think plums,oranges and lemons will do well,they also have some tea estates...LOL! 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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Rank: Member Joined: 4/15/2008 Posts: 206
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sheep wrote:will there come a time for kenya orchards,I think plums,oranges and lemons will do well,they also have some tea estates...LOL! To be quite honest with you, you need to pay attention to statistics. They never lie. I don't remember orchards going above 5 bob. To me, I would term it a dead stock. Its like a fixed account. Do it today! Tomorrow is promise to no-one.
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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sheep wrote:will there come a time for kenya orchards,I think plums,oranges and lemons will do well,they also have some tea estates...LOL! I also wonder. How did such a miniscule loss making company get listed ... Lol Life is short. Live passionately.
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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sparkly wrote:sheep wrote:will there come a time for kenya orchards,I think plums,oranges and lemons will do well,they also have some tea estates...LOL! I also wonder. How did such a miniscule loss making company get listed ... Lol It was made miniscule by mismanagement... Current ownership is like merali... pocketing the cream... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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@VVS you don't really like this guy meralli and his ilk! Think positive thoughts, washana naye na biashara zake Life is short. Live passionately.
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Rank: Member Joined: 4/15/2008 Posts: 206
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VituVingiSana wrote:
It was made miniscule by mismanagement... Current ownership is like merali... pocketing the cream...
Business Demand Shrewdness - Take a hint and stop hating. But enough about your problems and back to the Agricultural stocks: With the rains coming on time this time around after a long drought, these stocks can only spell "GOOD TIMES AHEAD". Why? you ask. Underlying the agri sector's buoyancy are continuing concerns about the impact on food prices from growing global populations. The Food Price Index of the United Nations' Food and Agriculture Organization has climbed relentlessly for months; in fact, 2009 November's index reading was the highest since September 2008. Aside from these supply/demand fundamentals, external factors such as volatility in exchange rates and oil prices are also adding an uncertainty premium to many agricultural commodity prices. Bottom line - 2010 is the year of AGRICULTURALS, including MUMIAS Do it today! Tomorrow is promise to no-one.
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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sparkly wrote:@VVS you don't really like this guy meralli and his ilk! Think positive thoughts, washana naye na biashara zake He was moi & kulei's front man. Of course, if I was in charge, I would refuse a state burial for moi as well... We should shun men like merali, moi, kibor who have done nothing but steal our past, present & future... Being shrewd (in a nice way) in biashara is like Baloo Patel who I see buys shares in (then) kadogo firms that blossom Carbacid, Limuru Tea, Kakuzi... Shrewd is Bill Gates or Steve Jobs who build sustainable businesses through innovation & smarts. merali, moi, kenyattas, kulei, kirubi are not shrewd. They have not built but stolen... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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