Lest we lose sight of the forest for the trees:

Highest gainers in the year so far are:

Mumias Sugar Co. +47.45%

Kenya Airways +44.06%

KenolKobil Co +32.00%

Eveready East Africa +22.41%

Sameer Africa +21.00%

Jubilee Insurance Co. +20.00%

Safaricom Limited +17.58%

E.A.Cables +16.05%

NIC Bank +12.00%

Express +11.80%


How many of them are in your portfolio?

Took one look at Neveready's financials before the IPO and never looked at them again. However I need(ed) to add KQ to my portfolio. Am hoping for a second chance, since I believe I missed the bus on this one. Or is it still a good time?

I wonder what's behind the surge in evereaday. Their profits have gradudaly gone down year to year and nothing out there seems to indicate that things are on the turnaround.
That said,I have started loading up on it - purely speculative reasons

yeah i agree that there is no fundamentals whatsoever supporting this stock... its facing rising competition, rising costs, and lower revenues which all spell disaster... so why would you load up on this counter with such high risk even for speculation??? especially when the current market is flooded with oppurtunity

@mukiha's post is very enlightening... i had KQ and safcom but bailed on KQ for a number of reasons.... but for those who missed the buses there is still plenty of oppurtunity for 2010
in counters like: Kenya Re
Olympia capital
KQ
and for the big boys in this game there's also KPLC

did u look at the analyst's review after the interview of the olympia CEO?? he said they were grossly underestimating those projections so that they would outperform them... its hard to believe they would earn 1billion in revenues and only 40m profits.. and theyve greatly improved there balnce sheet

I've seen the details of KPLC's share restructuring and technical analysis i've done is in favour of this counter especially if one has the financial muscle for the rights issue..

kenya re is on a cost cutting mission and basing on its half year results and its current valuations its really undervalued..

Highly leveraged so getting rid of the leverage in 2010?

Off a low base so perhaps the 2010 results will be better. Like you said, are they under'talking' the potential for an upside surprise?

Looks cheap at 7x PE even if we use the numbers the CEO gave in the interview.

News on KPLC restructuring was in the papers but hope @guru can provide more info... there is a conversion of Preferred Shares to Ordinary Shares for the benefit of GoK.

KQ @ 52.50 at the moment. Demand 2x supply. 22% net foreign buying. Weak US$ means lower loan payments for fuel & lease/loan payments as well.

about KPLC i dont know if this is common knowledge but the GOK will convert its pref shares to ordinary shares making its holding in the company rise to above 70%.. but it will have a rights issue in which GOK DOESNT plan to particpate.. this which will see its holdings fall to about 50% and it currently owns 40%..
And after that it will split the shares which means more liquidity and much more affordabilty for the counter hence sparking interest local and foreign... And dont forget a cleaner balance sheet cos currently the pref shares appear as a huge liabilty...

Always be aware of the all boats rising efefct i.e. where all shares rise because there is a more positive sentiment in the stock market in general.