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2018 Best Stock To Own......What's Your Prediction?
Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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sparkly wrote:HY2 2018 not good for stocks.
I have re-invested my HY1 capital gains and dividends in NMG, NIC and HAFR. Now waiting for 2019.
My portfolio is as follows:
Stock - ABP - % Portfolio
1. Kengen - KES 6.64 - 24%.
2. Stanbic - KES 96.5 - 15%.
3. TPS - KES 28.6 - 15%.
4. Kenya Re - KES 18.8 - 14%.
5. NMG - KES 92.2 - 14%.
6. NIC - KES 29.6 - 11%.
7. HAFR - KES 1.09 - 7%.
Ready for 2019.
A well diversified portfolio Towards the goal of financial freedom
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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sparkly wrote:HY2 2018 not good for stocks.
I have re-invested my HY1 capital gains and dividends in NMG, NIC and HAFR. Now waiting for 2019.
My portfolio is as follows:
Stock - ABP - % Portfolio
1. Kengen - KES 6.64 - 24%.
2. Stanbic - KES 96.5 - 15%. Tier 2
3. TPS - KES 28.6 - 15%. Tier 2
4. Kenya Re - KES 18.8 - 14%. Core 5. NMG - KES 92.2 - 14%.
6. NIC - KES 29.6 - 11%. Tier 2
7. HAFR - KES 1.09 - 7%.
Ready for 2019.
Apart from those listed, we have little in common! The Tier 2 are less than 5% each of my portfolio and bought a few years back. 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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VituVingiSana wrote:sparkly wrote:HY2 2018 not good for stocks.
I have re-invested my HY1 capital gains and dividends in NMG, NIC and HAFR. Now waiting for 2019.
My portfolio is as follows:
Stock - ABP - % Portfolio
1. Kengen - KES 6.64 - 24%.
2. Stanbic - KES 96.5 - 15%. Tier 2
3. TPS - KES 28.6 - 15%. Tier 2
4. Kenya Re - KES 18.8 - 14%. Core 5. NMG - KES 92.2 - 14%.
6. NIC - KES 29.6 - 11%. Tier 2
7. HAFR - KES 1.09 - 7%.
Ready for 2019.
Apart from those listed, we have little in common! The Tier 2 are less than 5% each of my portfolio and bought a few years back. @VVS what are your core holdings apart from Kenya Re? ... KK, I&M, WTK Life is short. Live passionately.
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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sparkly wrote:VituVingiSana wrote:sparkly wrote:HY2 2018 not good for stocks.
I have re-invested my HY1 capital gains and dividends in NMG, NIC and HAFR. Now waiting for 2019.
My portfolio is as follows:
Stock - ABP - % Portfolio
1. Kengen - KES 6.64 - 24%.
2. Stanbic - KES 96.5 - 15%. Tier 2
3. TPS - KES 28.6 - 15%. Tier 2
4. Kenya Re - KES 18.8 - 14%. Core 5. NMG - KES 92.2 - 14%.
6. NIC - KES 29.6 - 11%. Tier 2
7. HAFR - KES 1.09 - 7%.
Ready for 2019.
Apart from those listed, we have little in common! The Tier 2 are less than 5% each of my portfolio and bought a few years back. @VVS what are your core holdings apart from Kenya Re? ... KK, I&M, WTK Unga - Profitable and pays a dividend KK - Profitable and pays a dividend I&M [Banks in general including Equity, NIC, Stanbic] Profitable and pays a dividend WTK/KAPC is Tier 2 (was Tier 1) at the moment. I became queasy when the "land grabs" started with demands for not renewing leases. Most of their farms are in Nandi/RV where we have seen political violence erupt often. I like the business even though it is cyclical BUT the farms can disappear in 2023. Think Zimbabwe and now SA. I will have to find replacements for Unga and KK if they get taken out but let's not run ahead of ourselves. I am waiting for Rubis to complete their takeover. Unga is tougher but I can wait. 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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VituVingiSana wrote:sparkly wrote:VituVingiSana wrote:sparkly wrote:HY2 2018 not good for stocks.
I have re-invested my HY1 capital gains and dividends in NMG, NIC and HAFR. Now waiting for 2019.
My portfolio is as follows:
Stock - ABP - % Portfolio
1. Kengen - KES 6.64 - 24%.
2. Stanbic - KES 96.5 - 15%. Tier 2
3. TPS - KES 28.6 - 15%. Tier 2
4. Kenya Re - KES 18.8 - 14%. Core 5. NMG - KES 92.2 - 14%.
6. NIC - KES 29.6 - 11%. Tier 2
7. HAFR - KES 1.09 - 7%.
Ready for 2019.
Apart from those listed, we have little in common! The Tier 2 are less than 5% each of my portfolio and bought a few years back. @VVS what are your core holdings apart from Kenya Re? ... KK, I&M, WTK Unga - Profitable and pays a dividend KK - Profitable and pays a dividend I&M [Banks in general including Equity, NIC, Stanbic] Profitable and pays a dividend WTK/KAPC is Tier 2 (was Tier 1) at the moment. I became queasy when the "land grabs" started with demands for not renewing leases. Most of their farms are in Nandi/RV where we have seen political violence erupt often. I like the business even though it is cyclical BUT the farms can disappear in 2023. Think Zimbabwe and now SA. I will have to find replacements for Unga and KK if they get taken out but let's not run ahead of ourselves. I am waiting for Rubis to complete their takeover. Unga is tougher but I can wait. You don't have any of the big caps in your Portfolio. Life is short. Live passionately.
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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sparkly wrote:VituVingiSana wrote:sparkly wrote:VituVingiSana wrote:sparkly wrote:HY2 2018 not good for stocks.
I have re-invested my HY1 capital gains and dividends in NMG, NIC and HAFR. Now waiting for 2019.
My portfolio is as follows:
Stock - ABP - % Portfolio
1. Kengen - KES 6.64 - 24%.
2. Stanbic - KES 96.5 - 15%. Tier 2
3. TPS - KES 28.6 - 15%. Tier 2
4. Kenya Re - KES 18.8 - 14%. Core 5. NMG - KES 92.2 - 14%.
6. NIC - KES 29.6 - 11%. Tier 2
7. HAFR - KES 1.09 - 7%.
Ready for 2019.
Apart from those listed, we have little in common! The Tier 2 are less than 5% each of my portfolio and bought a few years back. @VVS what are your core holdings apart from Kenya Re? ... KK, I&M, WTK Unga - Profitable and pays a dividend KK - Profitable and pays a dividend I&M [Banks in general including Equity, NIC, Stanbic] Profitable and pays a dividend WTK/KAPC is Tier 2 (was Tier 1) at the moment. I became queasy when the "land grabs" started with demands for not renewing leases. Most of their farms are in Nandi/RV where we have seen political violence erupt often. I like the business even though it is cyclical BUT the farms can disappear in 2023. Think Zimbabwe and now SA. I will have to find replacements for Unga and KK if they get taken out but let's not run ahead of ourselves. I am waiting for Rubis to complete their takeover. Unga is tougher but I can wait. You don't have any of the big caps in your Portfolio. And u wrote off arm ? What happened to OLYMPIA? U cash out of that?
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Rank: Elder Joined: 6/23/2009 Posts: 13,519 Location: nairobi
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Horton wrote:sparkly wrote:VituVingiSana wrote:sparkly wrote:VituVingiSana wrote:sparkly wrote:HY2 2018 not good for stocks.
I have re-invested my HY1 capital gains and dividends in NMG, NIC and HAFR. Now waiting for 2019.
My portfolio is as follows:
Stock - ABP - % Portfolio
1. Kengen - KES 6.64 - 24%.
2. Stanbic - KES 96.5 - 15%. Tier 2
3. TPS - KES 28.6 - 15%. Tier 2
4. Kenya Re - KES 18.8 - 14%. Core 5. NMG - KES 92.2 - 14%.
6. NIC - KES 29.6 - 11%. Tier 2
7. HAFR - KES 1.09 - 7%.
Ready for 2019.
Apart from those listed, we have little in common! The Tier 2 are less than 5% each of my portfolio and bought a few years back. @VVS what are your core holdings apart from Kenya Re? ... KK, I&M, WTK Unga - Profitable and pays a dividend KK - Profitable and pays a dividend I&M [Banks in general including Equity, NIC, Stanbic] Profitable and pays a dividend WTK/KAPC is Tier 2 (was Tier 1) at the moment. I became queasy when the "land grabs" started with demands for not renewing leases. Most of their farms are in Nandi/RV where we have seen political violence erupt often. I like the business even though it is cyclical BUT the farms can disappear in 2023. Think Zimbabwe and now SA. I will have to find replacements for Unga and KK if they get taken out but let's not run ahead of ourselves. I am waiting for Rubis to complete their takeover. Unga is tougher but I can wait. You don't have any of the big caps in your Portfolio. And u wrote off arm ? What happened to OLYMPIA? U cash out of that? Dont bother the old man with roundabout questions. He simply knows KQ is not a stock to trade in.. Nothing much beyond that HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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obiero wrote:Horton wrote:sparkly wrote:VituVingiSana wrote:sparkly wrote:VituVingiSana wrote:sparkly wrote:HY2 2018 not good for stocks.
I have re-invested my HY1 capital gains and dividends in NMG, NIC and HAFR. Now waiting for 2019.
My portfolio is as follows:
Stock - ABP - % Portfolio
1. Kengen - KES 6.64 - 24%.
2. Stanbic - KES 96.5 - 15%. Tier 2
3. TPS - KES 28.6 - 15%. Tier 2
4. Kenya Re - KES 18.8 - 14%. Core 5. NMG - KES 92.2 - 14%.
6. NIC - KES 29.6 - 11%. Tier 2
7. HAFR - KES 1.09 - 7%.
Ready for 2019.
Apart from those listed, we have little in common! The Tier 2 are less than 5% each of my portfolio and bought a few years back. @VVS what are your core holdings apart from Kenya Re? ... KK, I&M, WTK Unga - Profitable and pays a dividend KK - Profitable and pays a dividend I&M [Banks in general including Equity, NIC, Stanbic] Profitable and pays a dividend WTK/KAPC is Tier 2 (was Tier 1) at the moment. I became queasy when the "land grabs" started with demands for not renewing leases. Most of their farms are in Nandi/RV where we have seen political violence erupt often. I like the business even though it is cyclical BUT the farms can disappear in 2023. Think Zimbabwe and now SA. I will have to find replacements for Unga and KK if they get taken out but let's not run ahead of ourselves. I am waiting for Rubis to complete their takeover. Unga is tougher but I can wait. You don't have any of the big caps in your Portfolio. And u wrote off arm ? What happened to OLYMPIA? U cash out of that? Dont bother the old man with roundabout questions. He simply knows KQ is not a stock to trade in.. Nothing much beyond that and he dwells so much in the past instead of looking into the future Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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Horton wrote:sparkly wrote:VituVingiSana wrote:sparkly wrote:VituVingiSana wrote:sparkly wrote:HY2 2018 not good for stocks.
I have re-invested my HY1 capital gains and dividends in NMG, NIC and HAFR. Now waiting for 2019.
My portfolio is as follows:
Stock - ABP - % Portfolio
1. Kengen - KES 6.64 - 24%.
2. Stanbic - KES 96.5 - 15%. Tier 2
3. TPS - KES 28.6 - 15%. Tier 2
4. Kenya Re - KES 18.8 - 14%. Core 5. NMG - KES 92.2 - 14%.
6. NIC - KES 29.6 - 11%. Tier 2
7. HAFR - KES 1.09 - 7%.
Ready for 2019.
Apart from those listed, we have little in common! The Tier 2 are less than 5% each of my portfolio and bought a few years back. @VVS what are your core holdings apart from Kenya Re? ... KK, I&M, WTK Unga - Profitable and pays a dividend KK - Profitable and pays a dividend I&M [Banks in general including Equity, NIC, Stanbic] Profitable and pays a dividend WTK/KAPC is Tier 2 (was Tier 1) at the moment. I became queasy when the "land grabs" started with demands for not renewing leases. Most of their farms are in Nandi/RV where we have seen political violence erupt often. I like the business even though it is cyclical BUT the farms can disappear in 2023. Think Zimbabwe and now SA. I will have to find replacements for Unga and KK if they get taken out but let's not run ahead of ourselves. I am waiting for Rubis to complete their takeover. Unga is tougher but I can wait. You don't have any of the big caps in your Portfolio. And u wrote off arm ? What happened to OLYMPIA? U cash out of that? Yes and Yes. Years ago, I did a "purge" and got rid of most of the shares in "bandia" firms. KQ, OCHL, Uchumi (at a profit), ADSS, etc. Like many investors, I used to buy everything... BAD MISTAKE. I went to Buffettian principles, and cleaned house, and reduced my holdings to a max of 15 but only 5 constituted 75%-90%. WTK was one of the 5 but I cashed out. I returned to KAPC/WTK in a small way recently. I also sold Equity at a profit. I may end up selling my KK and Unga in 2019 which will leave me with KenRe and I&M. Replacements: Centum [been buying slowly], Equity, KAPC/WTK, Safaricom [sub-25] Note that all are currently profitable and pay a dividend though WTK/KAPC profits (& dividends) are cyclical. 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: 18,103 Location: Nairobi
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Ericsson wrote:obiero wrote:Horton wrote:sparkly wrote:VituVingiSana wrote:sparkly wrote:VituVingiSana wrote:sparkly wrote:HY2 2018 not good for stocks.
I have re-invested my HY1 capital gains and dividends in NMG, NIC and HAFR. Now waiting for 2019.
My portfolio is as follows:
Stock - ABP - % Portfolio
1. Kengen - KES 6.64 - 24%.
2. Stanbic - KES 96.5 - 15%. Tier 2
3. TPS - KES 28.6 - 15%. Tier 2
4. Kenya Re - KES 18.8 - 14%. Core 5. NMG - KES 92.2 - 14%.
6. NIC - KES 29.6 - 11%. Tier 2
7. HAFR - KES 1.09 - 7%.
Ready for 2019.
Apart from those listed, we have little in common! The Tier 2 are less than 5% each of my portfolio and bought a few years back. @VVS what are your core holdings apart from Kenya Re? ... KK, I&M, WTK Unga - Profitable and pays a dividend KK - Profitable and pays a dividend I&M [Banks in general including Equity, NIC, Stanbic] Profitable and pays a dividend WTK/KAPC is Tier 2 (was Tier 1) at the moment. I became queasy when the "land grabs" started with demands for not renewing leases. Most of their farms are in Nandi/RV where we have seen political violence erupt often. I like the business even though it is cyclical BUT the farms can disappear in 2023. Think Zimbabwe and now SA. I will have to find replacements for Unga and KK if they get taken out but let's not run ahead of ourselves. I am waiting for Rubis to complete their takeover. Unga is tougher but I can wait. You don't have any of the big caps in your Portfolio. And u wrote off arm ? What happened to OLYMPIA? U cash out of that? Dont bother the old man with roundabout questions. He simply knows KQ is not a stock to trade in.. Nothing much beyond that and he dwells so much in the past instead of looking into the future The future is bright with my Core Picks. All profitable. All pay a dividend. Most important. I sleep at night even with KenRe now that Mwarania is back. BTW, SafCom and Equity [both in my portfolio but less than 5% each] announced very good results. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 13,519 Location: nairobi
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VituVingiSana wrote:Ericsson wrote:obiero wrote:Horton wrote:sparkly wrote:VituVingiSana wrote:sparkly wrote:VituVingiSana wrote:sparkly wrote:HY2 2018 not good for stocks.
I have re-invested my HY1 capital gains and dividends in NMG, NIC and HAFR. Now waiting for 2019.
My portfolio is as follows:
Stock - ABP - % Portfolio
1. Kengen - KES 6.64 - 24%.
2. Stanbic - KES 96.5 - 15%. Tier 2
3. TPS - KES 28.6 - 15%. Tier 2
4. Kenya Re - KES 18.8 - 14%. Core 5. NMG - KES 92.2 - 14%.
6. NIC - KES 29.6 - 11%. Tier 2
7. HAFR - KES 1.09 - 7%.
Ready for 2019.
Apart from those listed, we have little in common! The Tier 2 are less than 5% each of my portfolio and bought a few years back. @VVS what are your core holdings apart from Kenya Re? ... KK, I&M, WTK Unga - Profitable and pays a dividend KK - Profitable and pays a dividend I&M [Banks in general including Equity, NIC, Stanbic] Profitable and pays a dividend WTK/KAPC is Tier 2 (was Tier 1) at the moment. I became queasy when the "land grabs" started with demands for not renewing leases. Most of their farms are in Nandi/RV where we have seen political violence erupt often. I like the business even though it is cyclical BUT the farms can disappear in 2023. Think Zimbabwe and now SA. I will have to find replacements for Unga and KK if they get taken out but let's not run ahead of ourselves. I am waiting for Rubis to complete their takeover. Unga is tougher but I can wait. You don't have any of the big caps in your Portfolio. And u wrote off arm ? What happened to OLYMPIA? U cash out of that? Dont bother the old man with roundabout questions. He simply knows KQ is not a stock to trade in.. Nothing much beyond that and he dwells so much in the past instead of looking into the future The future is bright with my Core Picks. All profitable. All pay a dividend. Most important. I sleep at night even with KenRe now that Mwarania is back. BTW, SafCom and Equity [both in my portfolio but less than 5% each] announced very good results. GoK has substantial holdings in Safaricom as well as KENRE but you chose to play ignorant HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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Safaricom - Yes, GoK has 35% but it is managed by Vodafone which has 40%. Plus many large shareholders would probably vote with Vodafone and not GoK. The CEO and CFO are Vodafone appointees. KenRe - I like Mwarania whose contract runs through 2023 Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 13,519 Location: nairobi
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VituVingiSana wrote:Safaricom - Yes, GoK has 25% but it is managed by Vodafone which has 40%. The CEO and CFO are Vodafone appointees.
KenRe - I like Mwarania whose contract runs through 2023 Even after posting the shareholding structure from the company’s own website, you still argue about the percentage HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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obiero wrote:VituVingiSana wrote:Safaricom - Yes, GoK has 25% but it is managed by Vodafone which has 40%. The CEO and CFO are Vodafone appointees.
KenRe - I like Mwarania whose contract runs through 2023 Even after posting the shareholding structure from the company’s own website, you still argue about the percentage Vodafone Rules 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: 18,103 Location: Nairobi
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As I prepare to head into 2019, I need to find 2-3 replacements for my Core Portfolio. The choices are limited. 2 (Unga and KK) could be bought out in 2019. Centum is slowly but surely making its way into the Core Portfolio. Picked up some at 25. WTK/KAPC might become Tier 2 at most given KE's politics. Safaricom is a solid contender at sub-24 Equity and Stanbic are definitely a contenders at 40 and 90. [I don't want more than 30% in banks given I already have I&M as "core"] Or keep it in cash until the next "crash". Said the Oracle of Omaha, Warren Buffett, "Wide diversification is only required when investors do not understand what they're doing." Meanwhile, bond-maven Bill Gross said, "Do you really like a particular stock? Put 10% or so of your portfolio on it. Make the idea count. Good investment ideas should not be diversified away into meaningless oblivion." Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 2/20/2015 Posts: 467 Location: Nairobi
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VituVingiSana wrote:As I prepare to head into 2019, I need to find 2-3 replacements for my Core Portfolio. The choices are limited. 2 (Unga and KK) could be bought out in 2019.
Centum is slowly but surely making its way into the Core Portfolio. Picked up some at 25. WTK/KAPC might become Tier 2 at most given KE's politics. Safaricom is a solid contender at sub-24 Equity and Stanbic are definitely a contenders at 40 and 90. [I don't want more than 30% in banks given I already have I&M as "core"]
Or keep it in cash until the next "crash".
Said the Oracle of Omaha, Warren Buffett, "Wide diversification is only required when investors do not understand what they're doing."
Meanwhile, bond-maven Bill Gross said, "Do you really like a particular stock? Put 10% or so of your portfolio on it. Make the idea count. Good investment ideas should not be diversified away into meaningless oblivion." Take some profits and go on holiday - rudishia mwili asante. Beware of gamblers curse of re-investing all your winnings onto the next KQ,ARM, Uchumi
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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VituVingiSana wrote:As I prepare to head into 2019, I need to find 2-3 replacements for my Core Portfolio. The choices are limited. 2 (Unga and KK) could be bought out in 2019.
Centum is slowly but surely making its way into the Core Portfolio. Picked up some at 25. WTK/KAPC might become Tier 2 at most given KE's politics. Safaricom is a solid contender at sub-24 Equity and Stanbic are definitely a contenders at 40 and 90. [I don't want more than 30% in banks given I already have I&M as "core"]
Or keep it in cash until the next "crash".
Said the Oracle of Omaha, Warren Buffett, "Wide diversification is only required when investors do not understand what they're doing."
Meanwhile, bond-maven Bill Gross said, "Do you really like a particular stock? Put 10% or so of your portfolio on it. Make the idea count. Good investment ideas should not be diversified away into meaningless oblivion." Add a Local Tier one bank for quick gains when market turns... KCB, Equity or Coop. Life is short. Live passionately.
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Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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VituVingiSana wrote:Horton wrote:sparkly wrote:VituVingiSana wrote:sparkly wrote:VituVingiSana wrote:sparkly wrote:HY2 2018 not good for stocks.
I have re-invested my HY1 capital gains and dividends in NMG, NIC and HAFR. Now waiting for 2019.
My portfolio is as follows:
Stock - ABP - % Portfolio
1. Kengen - KES 6.64 - 24%.
2. Stanbic - KES 96.5 - 15%. Tier 2
3. TPS - KES 28.6 - 15%. Tier 2
4. Kenya Re - KES 18.8 - 14%. Core 5. NMG - KES 92.2 - 14%.
6. NIC - KES 29.6 - 11%. Tier 2
7. HAFR - KES 1.09 - 7%.
Ready for 2019.
Apart from those listed, we have little in common! The Tier 2 are less than 5% each of my portfolio and bought a few years back. @VVS what are your core holdings apart from Kenya Re? ... KK, I&M, WTK Unga - Profitable and pays a dividend KK - Profitable and pays a dividend I&M [Banks in general including Equity, NIC, Stanbic] Profitable and pays a dividend WTK/KAPC is Tier 2 (was Tier 1) at the moment. I became queasy when the "land grabs" started with demands for not renewing leases. Most of their farms are in Nandi/RV where we have seen political violence erupt often. I like the business even though it is cyclical BUT the farms can disappear in 2023. Think Zimbabwe and now SA. I will have to find replacements for Unga and KK if they get taken out but let's not run ahead of ourselves. I am waiting for Rubis to complete their takeover. Unga is tougher but I can wait. You don't have any of the big caps in your Portfolio. And u wrote off arm ? What happened to OLYMPIA? U cash out of that? Yes and Yes. Years ago, I did a "purge" and got rid of most of the shares in "bandia" firms. KQ, OCHL, Uchumi (at a profit), ADSS, etc. Like many investors, I used to buy everything... BAD MISTAKE. I went to Buffettian principles, and cleaned house, and reduced my holdings to a max of 15 but only 5 constituted 75%-90%. WTK was one of the 5 but I cashed out. I returned to KAPC/WTK in a small way recently. I also sold Equity at a profit. I may end up selling my KK and Unga in 2019 which will leave me with KenRe and I&M. Replacements: Centum [been buying slowly], Equity, KAPC/WTK, Safaricom [sub-25] Note that all are currently profitable and pay a dividend though WTK/KAPC profits (& dividends) are cyclical. Centum-they seem to value employees more than shareholders.Employees are paid billions in bonuses while shareholders are paid some millions in dividends. Towards the goal of financial freedom
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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I should "Time Stamp" this as done on 5 Nov 2018 given the fortunes of firms can dramatically change.
sparkly wrote:VituVingiSana wrote:As I prepare to head into 2019, I need to find 2-3 replacements for my Core Portfolio. The choices are limited. 2 (Unga and KK) could be bought out in 2019.
Centum is slowly but surely making its way into the Core Portfolio. Picked up some at 25. WTK/KAPC might become Tier 2 at most given KE's politics. Safaricom is a solid contender at sub-24 Equity and Stanbic are definitely a contenders at 40 and 90. [I don't want more than 30% in banks given I already have I&M as "core"]
Or keep it in cash until the next "crash".
Said the Oracle of Omaha, Warren Buffett, "Wide diversification is only required when investors do not understand what they're doing."
Meanwhile, bond-maven Bill Gross said, "Do you really like a particular stock? Put 10% or so of your portfolio on it. Make the idea count. Good investment ideas should not be diversified away into meaningless oblivion." Add a Local Tier one bank for quick gains when market turns... KCB, Equity or Coop. Equity is already part of my portfolio. I sold a good chunk at a good price a little while ago. Thanks to the significant REGIONAL focus of Equity, I think it will do better than either KCB or Coop. DRC, according to Mary Wamae, is doing well. JM talked of a "Pick, Plug and Play" model for these markets using Equitel. Cash is a huge constraint for me but given the pending takeover of KK... I may get some decent cash in in 2019 BUT as we saw from Puma, there are no guarantees. Look at Seaboard and Unga. Still stuck at 40/- for the 30% minority shareholders... "Quick Gains" is where we differ. I am happy for decent gains on Equity, SafCom, Centum over the next few years. I recently bought Centum at 25 and it has jumped to 30 [about 20%] but I am not selling for a quick gain since I think there's more to be gained by holding. I recently bought KAPC/WTK and I got a dividend of 10/20 (13%) on my purchase price. I am not selling given the good rains and high levels of production even with lower tea prices. It's a cyclical stock. Not for the faint of heart. Not for those who can't sleep at night. The politics surrounding land in Nandi/RV are awful. I bought Safcom sub-25 and I will likely buy more at 24 after analyzing the info they put out. It is a well-managed firm. All the above is ACADEMIC given I have no cash! 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: 18,103 Location: Nairobi
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Ebenyo wrote:VituVingiSana wrote:Horton wrote:sparkly wrote:VituVingiSana wrote:sparkly wrote:VituVingiSana wrote:sparkly wrote:HY2 2018 not good for stocks.
I have re-invested my HY1 capital gains and dividends in NMG, NIC and HAFR. Now waiting for 2019.
My portfolio is as follows:
Stock - ABP - % Portfolio
1. Kengen - KES 6.64 - 24%.
2. Stanbic - KES 96.5 - 15%. Tier 2
3. TPS - KES 28.6 - 15%. Tier 2
4. Kenya Re - KES 18.8 - 14%. Core 5. NMG - KES 92.2 - 14%.
6. NIC - KES 29.6 - 11%. Tier 2
7. HAFR - KES 1.09 - 7%.
Ready for 2019.
Apart from those listed, we have little in common! The Tier 2 are less than 5% each of my portfolio and bought a few years back. @VVS what are your core holdings apart from Kenya Re? ... KK, I&M, WTK Unga - Profitable and pays a dividend KK - Profitable and pays a dividend I&M [Banks in general including Equity, NIC, Stanbic] Profitable and pays a dividend WTK/KAPC is Tier 2 (was Tier 1) at the moment. I became queasy when the "land grabs" started with demands for not renewing leases. Most of their farms are in Nandi/RV where we have seen political violence erupt often. I like the business even though it is cyclical BUT the farms can disappear in 2023. Think Zimbabwe and now SA. I will have to find replacements for Unga and KK if they get taken out but let's not run ahead of ourselves. I am waiting for Rubis to complete their takeover. Unga is tougher but I can wait. You don't have any of the big caps in your Portfolio. And u wrote off arm ? What happened to OLYMPIA? U cash out of that? Yes and Yes. Years ago, I did a "purge" and got rid of most of the shares in "bandia" firms. KQ, OCHL, Uchumi (at a profit), ADSS, etc. Like many investors, I used to buy everything... BAD MISTAKE. I went to Buffettian principles, and cleaned house, and reduced my holdings to a max of 15 but only 5 constituted 75%-90%. WTK was one of the 5 but I cashed out. I returned to KAPC/WTK in a small way recently. I also sold Equity at a profit. I may end up selling my KK and Unga in 2019 which will leave me with KenRe and I&M. Replacements: Centum [been buying slowly], Equity, KAPC/WTK, Safaricom [sub-25] Note that all are currently profitable and pay a dividend though WTK/KAPC profits (& dividends) are cyclical. Centum-they seem to value employees more than shareholders.Employees are paid billions in bonuses while shareholders are paid some millions in dividends. Yes and No. Look at Safcom where the dividend/share may seem low but the aggregate dividend is huge. BTW, Mworia is a top 10 shareholder in Centum. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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