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Why isn't Bamburi falling?
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sparkly
#1 Posted : Wednesday, August 11, 2010 10:28:40 AM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Bamburi had a poor performance 1H 2010, plus the market correction after referendum. Additionally the special div of 2009 will not be repeated. The stock has refused to fall below sh 200. What is making investors so optimistic on this counter?
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sheep
#2 Posted : Wednesday, August 11, 2010 10:37:54 AM
Rank: Veteran


Joined: 7/24/2008
Posts: 781
It will need to go under 185 for us to give up hope...anyway the new UG plant just started operations...I believe they can survive a price war.
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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ProverB
#3 Posted : Wednesday, August 11, 2010 10:50:20 AM
Rank: Veteran


Joined: 3/12/2010
Posts: 1,199
Location: Eastlander
sheep wrote:
It will need to go under 185 for us to give up hope...anyway the new UG plant just started operations...I believe they can survive a price war.

..do not foresee better future..unless local demand outstrips cheap egyptian imports,Bamburi finds a way to really optimise on cost & distribution..
only logical explanation for current pricing is it is a "blue chip"..plus does not exhibit much price fluctuations..
logical reason for potential price run upward is corporate action..dividend or something of that sort.
..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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VituVingiSana
#4 Posted : Wednesday, August 11, 2010 12:30:49 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,136
Location: Nairobi
Hima expansion complete & additional cement production will start in 2H... Bamburi was EXPORTING cement from Kenya to Uganda thus adding transport costs...

Bamburi is a very well run firm... Last year was 'unique' in that there was a 'special' dividend from the sale of ARM shares...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Horton
#5 Posted : Wednesday, August 11, 2010 2:26:32 PM
Rank: Veteran


Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
Its now an even battle field...as why was te cement industry so over protected initially with the 40% duty? Having said that...was this tax applicable to COMESA imports from egypt in the past too or was it just duty free like everything else?
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