@Obiero How has your portfolio done in the last 24-36 months?

basically prior to the rights issue when @vvs was one of us.. the KQ share was trading at range over KES 30 - 52 for over 1 year. News of the rights trended it on a harsh spiral downwards to circa KES 14 being the rights price.. In essence, no shareholder bought at KES 14 expecting the share to remain at KES 14; but rather appreciate in value. Further, the volumes noted at KES 8.50 were among the highest on record. In essence, the fair price of KQ even as of this day, should be KES 8.50 at a minimum. Upon improved performance, KES 15.00 and upon return to profit ways no one knows how high we shall go, but KES 24 is assured..

Yes, but that is a juakali estimate. I say so since most bulk trades were done in the last four years. Bought my first 100 HF shares in 2006 and rarely had enough money to obtain more than KES 5,000 worth of shares at a go, since I had invested relatively huge sums in real estate projects at Kitengela, Embakasi, Kakamega & Kisii; which have now brought in steady rental income that I can spare; hence increased frequency of stock purchases in last few years

Hio kazi ni ngumu kaka/dada.. Work with the years

Should this monkey even be trading?

@Plimsoul
Out of that revenue how much profit did they make and how much debt do they have in their books

Actually here are some numbers for 2014:

Revenue: 51.6 billion
PBT: 305 million (823 million 2013, westgate?)
Debt: 15 billion

From a BD article: http://www.businessdaily...08/-/x9i5cz/-/index.html

Yeah, I saw the Sh 15 billion in debt. It's possible they're abusing their market dominance to shortchange suppliers and not necessarily because of cash flow problems. But I don't really know much about them. I'd love access to their financials.

Still, I think a company with that much revenue should definitely be listed. If nothing else, it'll be a great source of information for what's happening in the real economy. Plus it'll make it easier to raise capital for them, equity or debt.

Wow, you are incredibly pessimistic. Have some faith in our capital markets.

If a brand is strong enough, like I think Nakumatt is, listing only lifts it higher, it doesn't weigh it down at all. Like Safaricom, EABL. I think KCB and Equity would have less respect, as it were, if they were not listed.

Strategic investors, and private equity investments mean significant loss of control and setting off in a whole new direction. But even then, its possible to do that either in the Scangroup did it, or Access Kenya and CMC (not the best example).

KCB aims to raise Sh 10 billion through a rights issue. I don't see how they would have done that easily as a private company, especially coming only a few years after its last capital raise.

As for debt, that hassle is worth it to access longer term bonds at favourable rates I think. Think Centum. I doubt bank loans would have been attractive for those projects.

There's so much money in the economy chasing few investment options that I would welcome large, profitable, well run businesses to list. Not the tiny GEMS type. Those can stay private.

it must suck doing business with nakumatt.