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A good buy for six months
Rank: Member Joined: 6/23/2010 Posts: 153 Location: FU
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i still believe in safaricom and equity....that mkesho thing means clients who last forever.
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Rank: Member Joined: 9/12/2009 Posts: 312
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youcan'tstopusnow wrote:Wondergirl wrote:
Though I'm already in big time with safcom(my average price is 5.9!).Kenol I have a small holding but still increasing (My ceiling price is 10.00) I'm thinking of Total.
How did your average buying price remain that high and Safaricom was at one time trading at 3 bob? Talk of lessons learnt the hard way. My broker bought for me a handsome amount of shares with the refund money- At 7 shillings and 6 shillings! I managed to buy at 3.5 also a good amount but very little when it his 2.8( I didn't have cash- I never invest in shares with borrowed money)
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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Pals,
No one seems to have put Kenya Re on the radar. It has been attracting huge buyers lately, looks foreigners jumping.
Boardroom noise notwithstanding, the stock is poised to make some gains. at least 30% short term, and higher in the medium term.
Low p/e - good prospects.
It is trading ex-dividends, yet higher than cum. I jumped in at 12 bob before books closure..
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Rank: Elder Joined: 6/20/2007 Posts: 2,037 Location: Lagos, Nigeria
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@Pkoli Please kindly remind me of your Ug broker and the contacts. Asante Sana The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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Wondergirl wrote: @qw250... Is it too late for me board the co-operative bus??
I would no want to get in a the peak. in my opinion this stock is looking more and more fully priced with every day it rises.... my advice if you are dying for co-op is to get in during a price dip when interest fades.... but guys are right NIC is looking like a much better play in the financials Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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@Young I use African Alliance; Their contacts: African Alliance Uganda Grace Semakula +256 414 253 753/4 semakulag@africanalliance.co.ugWilliam Nyakatura +256 414 253 753/4 nyakaturaw@africanalliance.co.ugI have met Grace, he is a pleasant guy. William, we have only spoken on phone but he is a nice guy too. Regards
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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PKoli wrote:Pals,
No one seems to have put Kenya Re on the radar. It has been attracting huge buyers lately, looks foreigners jumping.
Boardroom noise notwithstanding, the stock is poised to make some gains. at least 30% short term, and higher in the medium term.
Low p/e - good prospects.
It is trading ex-dividends, yet higher than cum. I jumped in at 12 bob before books closure.. @Pkoli this stock will only improve if the half year results are half decent Mark 12:29
Deuteronomy 4:16
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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qw - what does TA have to say about Kenya RE? GOD BLESS YOUR LIFE
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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@guru
Absolutely correct, but is currently undervalued. It should be trading at a pe of 9 not less than 6!
I am not sure you will get it at less than 15 if you have to wait till release of half year results
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Rank: Veteran Joined: 3/12/2010 Posts: 1,199 Location: Eastlander
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PKoli wrote:@guru
Absolutely correct, but is currently undervalued. It should be trading at a pe of 9 not less than 6!
I am not sure you will get it at less than 15 if you have to wait till release of half year results you advocating for use of just one factor in determining to invest or not? Low p/e. just that?  ..Let your light so shine before men, that they may see your good works, and glorify your Father which is in heaven...Matt5:16
- 1769 Oxford King James Bible 'Authorized Version
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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ProverB wrote:PKoli wrote:@guru
Absolutely correct, but is currently undervalued. It should be trading at a pe of 9 not less than 6!
I am not sure you will get it at less than 15 if you have to wait till release of half year results you advocating for use of just one factor in determining to invest or not? Low p/e. just that? The EPS probably includes some non-recurring gains thus the need to 'normalize' the EPS... I dont care for KenRe so not bothered doing the calculations! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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@Proverb
Not so pe is just one of them.
They will benefit from the current restucturing in the insurance sector. They are also opening a branch in the Western African region. This has been pending for a while.
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Rank: Veteran Joined: 3/12/2010 Posts: 1,199 Location: Eastlander
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PKoli wrote:@Proverb
Not so pe is just one of them.
They will benefit from the current restucturing in the insurance sector. They are also opening a branch in the Western African region. This has been pending for a while. Ok. obviously..our market is small..thus why they lump insurance firms together with banks and investment firms.. so, definatley cannot compare Keny re to jubilee n pan africa only..why then Kenya Re n not a bank for example.. just how low is Low p/e good befor it becomes bad consideration? @webish.. hope you ain't reading this thread..  ..Let your light so shine before men, that they may see your good works, and glorify your Father which is in heaven...Matt5:16
- 1769 Oxford King James Bible 'Authorized Version
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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@VVS
Have you perused through their latest annnual accounts?
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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@ProverB
I think when a stock trades at a low pe for three consecutive years, it shows the market has no faith in it. p/e of 5 sounds ridiculously too low for any stock.
@VVS - I give up on the fight for Kenya Re. It has no followers on Wazua except I.
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Kenya Re needs devine intervention...those guys absolutely dont know what theyre doing...have you heard of their latest MISHAP...a failed attempt to enter the real estate industry buy building a hotel at JKIA..apparenty it was stopped cause they didnt know the procedures...
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Rank: Elder Joined: 6/23/2009 Posts: 13,551 Location: nairobi
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kenya re relative to its affordable prices has paid me a truckload of dividend since 2007 so im sticking to this lovely stock
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: 18,121 Location: Nairobi
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PKoli wrote:@VVS
Have you perused through their latest annnual accounts? No... but for some reason I am not even interested... I turned it off when a Board cant fire the MD for sub-par performance... then how does a shareholder fire the Board or MD? Heck, she was not even fired but the contract was not renewed! I will stick to Jubilee... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 7/24/2008 Posts: 781
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their Balance sheet seems ok...I am betting there will be a change in management soon...and the company will have a new lease of life and so will the stock...a buy for me. 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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Check out Williamson & Kapchorua... Huge profits! EPS of 96 (W) & 36 (K) Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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A good buy for six months
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