obiero wrote:rwitre wrote:obiero wrote:cnn wrote: Investor briefing for half year on at this moment .
Mungu awe nanyi
Turnover down 7%
PAT down 23.7%
Total assets up 5.2% (from FY 18)
Total cash up 29% (from FY 18)
EPS Sh.2.21
Interim DPS Sh. 1.50
Stock will continue to slide down to fair value of KES 32
Share price of 32 based on what
Current NAV: Sh 44
Current DY at today's price: 12.5%
It is already at a discount, and an attractive price.
If it gets to 32, it will be at a discount of 27% from NAV, and clock a DY of 15.6% which is:
- Higher than every T-Bill or Bond in the country
- Higher than nearly all MMFs
- Will be the highest DY on the NSE
If it touches 32 we are liquidating other counters and loading up on this one.