Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
|
Ebenyo wrote:Horton wrote:hooverrl wrote:Horton wrote:
Yeah Im in only 2 listed stocks KCB average 27/- & CENTUM. I had KNRE but sold out recently at a small loss after some soul searching and got into Centum at a 36/- average which I intend to keep for abit.
Wow, well-played on KCB. You got the Shs3.00 div plus the capital gain. +37.0% total return over the past few months. Nice. Would be interested in your Kenya Re thoughts. But maybe we should move that to another thread.  @Ryan. Thanks. Sure thing on KNRE added u on facebook. Would love to hear ur perspective here. @Ebenyo. Im a Value investor (or I would like to think so) I struggle with all that TA stuff and havent really paid much attention to it. Historically, value investing has better returns over the long term. thanks horton,im also in the same boat with you.i take long term positions. Im in knre so would like to hear what was your take their.Im not in centum because i dont like their attitude towards shareholders.Employees are more important than shareholders their.Would like to add you in facebook. Ebenyo. Email me your name. Will search for u. hortoncapital@gmail.com
|
|
|
Rank: Elder Joined: 8/16/2011 Posts: 2,387
|
The gust shows something has been built/set for investors or there is a well endowed investor who is chipping in!!!
Most like its a 1 for every 5 Bonus plus a dividend of 1 Bob.
This will be done to increase Centum capitalization that will help it build the mega properties it intend to build.
|
|
|
Rank: Elder Joined: 8/16/2011 Posts: 2,387
|
Everything under wraps....still no indication of the trend as price refuses to change.
I am Pressed to assume flat 1 bob DVD or a maxi of 1.5 Kshs.
Or could there be something cooking to water down expectations of 5 year plan coming next year?
|
|
|
Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
|
Realtreaty wrote:Everything under wraps....still no indication of the trend as price refuses to change.
I am Pressed to assume flat 1 bob DVD or a maxi of 1.5 Kshs.
Or could there be something cooking to water down expectations of 5 year plan coming next year?
Your expectations will be hit hard by a shocker of election year as Centum pronounces a bonus of 2billion for employees and dividend drought for @Realtreaty.... John 5:17 But Jesus replied, “My Father is always working, and so am I.”
|
|
|
Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
|
There seemed to be quite a bit of demand coming quite late in the game yesterday. I guess its in anticipation of FY 2017. Will be an interesting few days. In terms of Value, plenty here.
NAV 69/-
EPS 11/-
So thats a PE of only 3
A discount to book trading at 0.58 P/B
The slow and steady acquisition of Almasi Bev., the 2nd largest cocacola bottler in Kenya
Whats there not to like?
|
|
|
Rank: New-farer Joined: 2/7/2016 Posts: 79 Location: Home
|
Horton wrote:There seemed to be quite a bit of demand coming quite late in the game yesterday. I guess its in anticipation of FY 2017. Will be an interesting few days. In terms of Value, plenty here.
NAV 69/-
EPS 11/-
So thats a PE of only 3
A discount to book trading at 0.58 P/B
The slow and steady acquisition of Almasi Bev., the 2nd largest cocacola bottler in Kenya
Whats there not to like? I am no financial expert, but out of that EPS of Ksh 11, how much of it is "revaluation gains"?....deduct that and get the EPS you can bank on. Remember last year alone, Centum had revaluation gains of a whooping 5.1 billion!! You cant bank on revaluation gains because they are no cold hard cash. I believe that centum's true EPS is less than 5. Read here: http://www.businessdaily...71852-9qftupz/index.html
|
|
|
Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
|
Mkondoa Macho wrote:Horton wrote:There seemed to be quite a bit of demand coming quite late in the game yesterday. I guess its in anticipation of FY 2017. Will be an interesting few days. In terms of Value, plenty here.
NAV 69/-
EPS 11/-
So thats a PE of only 3
A discount to book trading at 0.58 P/B
The slow and steady acquisition of Almasi Bev., the 2nd largest cocacola bottler in Kenya
Whats there not to like? I am no financial expert, but out of that EPS of Ksh 11, how much of it is "revaluation gains"? So out of income of 24.165B, 5.1B was reevaluation gains which is 25%.
|
|
|
Rank: New-farer Joined: 2/7/2016 Posts: 79 Location: Home
|
Horton wrote:Mkondoa Macho wrote:Horton wrote:There seemed to be quite a bit of demand coming quite late in the game yesterday. I guess its in anticipation of FY 2017. Will be an interesting few days. In terms of Value, plenty here.
NAV 69/-
EPS 11/-
So thats a PE of only 3
A discount to book trading at 0.58 P/B
The slow and steady acquisition of Almasi Bev., the 2nd largest cocacola bottler in Kenya
Whats there not to like? I am no financial expert, but out of that EPS of Ksh 11, how much of it is "revaluation gains"? So out of income of 24.165B, 5.1B was reevaluation gains which is 25%. PBT was 10.87 billion. Deduct 5.1 billion. So basically, about half of Centum's PAT/PBT was revaluation gains.
|
|
|
Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
|
Mkondoa Macho wrote:[quote=Horton]There seemed to be quite a bit of demand coming quite late in the game yesterday. I guess its in anticipation of FY 2017. Will be an interesting few days. In terms of Value, plenty here.
NAV 69/-
EPS 11/-
So thats a PE of only 3
A discount to book trading at 0.58 P/B
The slow and steady acquisition of Almasi Bev., the 2nd largest cocacola bottler in Kenya
Whats there not to like? I am no financial expert, but out of that EPS of Ksh 11, how much of it is "revaluation gains"?....deduct that and get the EPS you can bank on.
Remember last year alone, Centum had revaluation gains of a whooping 5.1 billion!! You cant bank on revaluation gains because they are no cold hard cash. I believe that centum's true EPS is less than 5. Read here: http://www.businessdaily...1852-9qftupz/index.html[/quote]Oh I see you edited. So from the article "The gain was not booked in the company’s profit and loss account but was reflected in the balance sheet. When realised in disposals, the gains are expected to be included in the income statement." Centum is an investment company and reevaluation is not prohibited. There will always be reevaluation gains with companies like centum, cytonn, jubilee, kenre. And even at your hypothetical eps of 5(not sure whether this figure u derived was scientific or guesswork) it still gives a pe of 8 and how do you suggest we cater for book value then?
|
|
|
Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
|
Mkondoa Macho wrote:Horton wrote:Mkondoa Macho wrote:Horton wrote:There seemed to be quite a bit of demand coming quite late in the game yesterday. I guess its in anticipation of FY 2017. Will be an interesting few days. In terms of Value, plenty here.
NAV 69/-
EPS 11/-
So thats a PE of only 3
A discount to book trading at 0.58 P/B
The slow and steady acquisition of Almasi Bev., the 2nd largest cocacola bottler in Kenya
Whats there not to like? I am no financial expert, but out of that EPS of Ksh 11, how much of it is "revaluation gains"? So out of income of 24.165B, 5.1B was reevaluation gains which is 25%. PBT was 10.87 billion. Deduct 5.1 billion. So basically, about half of Centum's PAT/PBT was revaluation gains. Not sure what your concern is regarding revaluation, its still a gain and its still atributable to the company. The obsession with "cold hard cash" is obsolete
|
|
|
Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.
|