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2 Stocks for life
VituVingiSana
#91 Posted : Saturday, December 19, 2015 10:42:12 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
Ericsson wrote:
@VituVingiSana
I can't argue with you;you think things work perfectly in this world;that is textbook.
What did equity acquire in Rwanda read keenly before replying with emotions.
Did I say Equity acquired anything in Rwanda? PLEASE do not misrepresent what I said. Heshimu.
Did you read this comment before replying
"When an opportunity for an acquisition presents itself jump for the opportunity."

Was this comment posted BEFORE or AFTER the post I replied to?
Regardless, I agree with the comment. If there is an opportunity presents itself at a good price. Jump at it. I like KK at 8. I don't care who [mzungu, mwafrika, mhindi] is selling. And when the right buyer [aka price] comes to buy me out, I will only look for BLACK in my bank account.


The stake Kenya Re has in Africa Re is inconsequential and not something to write about. [It's a start. Sometimes, one buys a few shares then buys more]. So why did KenyaRe buy shares in AfricaRe

If you are tired of your Kenya Re shares put them in the NSE platform where you bought them not these useless foreigners you keep praising them.
I am happy with my KenRe at 22. I want to buy more. Nevertheless, if ANYONE (including you) made me an offer (To paraphrase Don Corleone: Make me an offer I cannot refuse) that I cannot refuse...

"the problem with an african is that he has taught himself that he can't do anything only the white skin can."

Bullshit. This has NOTHING to do with race/creed/color/religion but investing. I invest on the NSE to make money not as a social cause. I don't care if the Germans, Arabs, Chinese, Indians, Brazilians, South Africans or Nigerians offer me a (hefty) premium as long as I get paid in good legal tender.

For equity bank I have my own reservations.Incase it goes under what assets are there to hold or sell;
I have no idea what you mean. Please elaborate.

Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#92 Posted : Saturday, December 19, 2015 10:43:05 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
@VituVingiSana
If for you to make money in the NSE you have to wait for a firm to be taken over then u need to sharpen your skills of investing.
I bought CIC and in less than 16 months the price had already doubled;there was no takeover of the huge premium you are referring to.
Co-op doubled in a year.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
VituVingiSana
#93 Posted : Saturday, December 19, 2015 10:46:04 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
Ericsson wrote:
@VituVingiSana
If for you to make money in the NSE you have to wait for a firm to be taken over then u need to sharpen your skills of investing.
I bought CIC and in less than 16 months the price had already doubled;there was no takeover of the huge premium you are referring to.
Co-op doubled in a year.

Yes, my skills on investing are deficient. That's why I am here to learn and share but not whine about foreigners taking over local firms.

BTW, good for you on CIC and Co-op. Applause Applause Applause
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#94 Posted : Saturday, December 19, 2015 11:04:21 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
As a start annual reports of any company you have invest on or plan to invest in;take time to go through and read.
business daily .
The quality of business news on our media and local TV stations is wanting;and I repeat totally wanting.
What you see on the likes of CNBC looks like a professor and a lower primary kid on a platform.
The likes of CNBC,Bloomberg,CCTV have offices and representatives in Kenya to scout for them news that they relay back to investors in their home countries.The news would help them in making wise decisions when investing here and therefore maximise the gain/profit they will make.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
VituVingiSana
#95 Posted : Saturday, December 19, 2015 11:07:48 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
Ericsson wrote:
As a start annual reports of any company you have invest on or plan to invest in;take time to go through and read.
business daily .
The quality of business news on our media and local TV stations is wanting;and I repeat totally wanting.
What you see on the likes of CNBC looks like a professor and a lower primary kid on a platform.
The likes of CNBC,Bloomberg,CCTV have offices and representatives in Kenya to scout for them news that they relay back to investors in their home countries.The news would help them in making wise decisions when investing here and therefore maximise the gain/profit they will make.

Yes, I will take the time to go through the Annual Reports. Thank you for that sage advice.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#96 Posted : Saturday, December 19, 2015 11:14:44 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
@VituVingiSana
I can't argue with you;you think things work perfectly in this world;that is textbook.
What did equity acquire in Rwanda read keenly before replying with emotions.
Did I say Equity acquired anything in Rwanda? PLEASE do not misrepresent what I said. Heshimu.
Did you read this comment before replying
"When an opportunity for an acquisition presents itself jump for the opportunity."

Was this comment posted BEFORE or AFTER the post I replied to?
The post came before you replied yours.
Regardless, I agree with the comment. If there is an opportunity presents itself at a good price. Jump at it. I like KK at 8. I don't care who [mzungu, mwafrika, mhindi] is selling. And when the right buyer [aka price] comes to buy me out, I will only look for BLACK in my bank account.

The stake Kenya Re has in Africa Re is inconsequential and not something to write about. [It's a start. Sometimes, one buys a few shares then buys more]. So why did KenyaRe buy shares in AfricaRe
Kenya Re bought the stake when it was 100% government and when Africa Re was being setup by member states.All countries that had a national re insurer chipped in some money.

If you are tired of your Kenya Re shares put them in the NSE platform where you bought them not these useless foreigners you keep praising them.
I am happy with my KenRe at 22. I want to buy more. Nevertheless, if ANYONE (including you) made me an offer (To paraphrase Don Corleone: Make me an offer I cannot refuse) that I cannot refuse...

"the problem with an african is that he has taught himself that he can't do anything only the white skin can."

Bullshit. This has NOTHING to do with race/creed/color/religion but investing. I invest on the NSE to make money not as a social cause. I don't care if the Germans, Arabs, Chinese, Indians, Brazilians, South Africans or Nigerians offer me a (hefty) premium as long as I get paid in good legal tender.

For equity bank I have my own reservations. I have no idea what you mean. Please elaborate.
Equity bank owns no assets not any building ,ATM etc.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
enyands
#97 Posted : Sunday, December 20, 2015 2:07:04 AM
Rank: Elder

Joined: 12/25/2014
Posts: 2,301
Location: kenya
Ericsson wrote:
@VituVingiSana
If for you to make money in the NSE you have to wait for a firm to be taken over then u need to sharpen your skills of investing.
I bought CIC and in less than 16 months the price had already doubled;there was no takeover of the huge premium you are referring to.
Co-op doubled in a year.



Just to correct you coop didn't double in a year. It took coop 6 years to double. Unless you are talking of a different coop .
Ericsson
#98 Posted : Sunday, December 20, 2015 9:10:39 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
@Enyands
In the beginning of 2012 Co-op was at 12.I bought the share at that price.
During the announcement of full year results they issued a dividend and bonus of 1:5.At the end of the 1 year period the counter was trading at 20 inclusive of the bonus.
Do the maths and tell me whether it's not a doubling.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
enyands
#99 Posted : Sunday, December 20, 2015 11:17:06 AM
Rank: Elder

Joined: 12/25/2014
Posts: 2,301
Location: kenya
Ericsson wrote:
@Enyands
In the beginning of 2012 Co-op was at 12.I bought the share at that price.
During the announcement of full year results they issued a dividend and bonus of 1:5.At the end of the 1 year period the counter was trading at 20 inclusive of the bonus.
Do the maths and tell me whether it's not a doubling.


Brother Ericsson I understand where you are coming from. I had missed my math kidogo and forgot the bonus I had received during that time .thanks for reminding me .though the rate of share rise ya coop in comparison to other banks is the least .hata some Saccos are doing better than it .example on that period I was contemplating between buying diamond trust bank which was at 40 by and this syndicated share called coop shares.i chose coop because we were coerced as a staff into it because of potential undersubscription.i regret why I didn't follow my guts by taking diamond which as we talk right now is doing 198 down 8yrs.
It's OK I'll go by your theory of doubling for now .nimekubali yaiishe
VituVingiSana
#100 Posted : Sunday, December 20, 2015 11:49:01 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
Ericsson wrote:
@Enyands
In the beginning of 2012 Co-op was at 12.I bought the share at that price.
During the announcement of full year results they issued a dividend and bonus of 1:5.At the end of the 1 year period the counter was trading at 20 inclusive of the bonus.
Do the maths and tell me whether it's not a doubling.


I am trying without success to post a graph from myStocks for DTB vs Coop vs Equity vs Centum from 2 Jan 2012 to 18 Dec 2015 .

At various times I have held all 4 in my portfolio but Centum has done the best followed by Equity then DTB. Coop is lagging the field during this timeframe.

As @enyands says, there have been some spectacular gains for DTB during this time frame + a cheap Rights Issue to give it some kick!

https://live.mystocks.co...ty,icdc;corp;w=628;lgnd

From 2 Jan 2012 to 31 Dec 2012

https://live.mystocks.co...ty,icdc;corp;w=628;lgnd

DTB & Equity beat out Coop. Centum trails Coop.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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