obiero wrote:xxxxx wrote:muandiwambeu wrote:VituVingiSana wrote:maka wrote:sparkly wrote:the deal wrote:sparkly wrote:Even Athi River Mining rallied. Don't be caught swimming naked.
Except ARM Cement had no buyer...KQ has a buyer... the Kenyan government has recognised KQ as too big too fail thus the anticipated mouthwatering offer which will turn brave investors into instant millionaires...
To quote Buffet "Greedy when others are fearful. Very fearful when others are greedy "
Pumping can have many manifestation.
ARM had many buyers, sold to Devki. KQ has only one disinterested buyer.
A donkey will always be a donkey.... It can't turn into a unicorn overnight....
Donkeys are real. And very hard-working.
Unicorns are figments of some people's imagination.
Is this the point where @Obiero starts stepping on all Waxuans?
@xxxx im over 40 years of age and with many trading accomplishments in various NSE counters to my name, well documented here on wazua over many years.. SCOM and KQ were my only 'black swans'.. On SCOM I regrettably panicked and sold short, though at a neglible loss.. this KQ rally cannot make me gloat, as the share remains highly undervalued. Next stop KES 8.52 and beyond
KQ is not undervalued since all valuation basis are negative:
1. Negative Equity;
2. Negative Cashflows to equity holders;
3. Losses for the last 7 years therefore negative PE, DY etc
Life is short. Live passionately.