Time to exit Longhorn at 7.14. Reason: Lackluster H2 performance resulting in flat FY earnings despite an 88% jump in HY results. Apparently, G.O.K cut down on textbook spending. Buying price Ksh 4.65. Gross profit about 53% in 8 months. I must admit that I was did not get the financial results early enough for a timely exit. However, better late than never. At double digit PE and flat earnings, the juice is no longer worth the squeeze.
KCB is still trading at 40. I will hold on for a while and I plan to re-deploy earnings from longhorn to another prospect. Now that we all get the general idea of how the market works, I believe I have done my part and may be unable to post my future trades. Happy Hunting.
A successful man is not he who gets the best, it is he who makes the best from what he gets.