wazua Fri, Mar 27, 2026
Welcome Guest Search | Active Topics | Log In

2 Pages12>
Is East Africa CABLES dead, alive or kicking?
slykat
#1 Posted : Sunday, April 04, 2010 11:35:40 PM
Rank: Member

Joined: 2/20/2007
Posts: 359
I bought this stock 2 yrs ago @40 for medium to long-term. Ever since it has been on free fall. What is worse, it is about the only stock that is not recovering?

Anyone know the reasons (why)! I bought in coz of their regional expansion but alas!

Any one wanna give profitability forecasts on this one? Any hopes. I could hold for another 3 yrs, coz the dividends r not bad, but is it ever gonna bring capital gain?
the deal
#2 Posted : Monday, April 05, 2010 8:41:06 AM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
oops @ 40 you bought at a verry inflated price...even at the current price its still trading at 4x its book value...so its still expensive...if i were you i would cost average and bail out...
VituVingiSana
#3 Posted : Monday, April 05, 2010 9:35:05 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,354
Location: Nairobi
@the deal - Why cost average if it is too expensive at this price? Why not just bail?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
slykat
#4 Posted : Monday, April 05, 2010 10:53:29 AM
Rank: Member

Joined: 2/20/2007
Posts: 359
Yep,my worst stock decision 2008! I shud bail.
guru267
#5 Posted : Tuesday, April 06, 2010 6:10:28 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
@slykat this stock is very expensive in terms of book value and has very limited growth potential... though it may benefit from kenya's impending infrastructure boom... but i honestly dont think you can recover your money any time soon...
Mark 12:29
Deuteronomy 4:16
sparkly
#6 Posted : Tuesday, April 06, 2010 3:45:00 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
slykat wrote:
I bought this stock 2 yrs ago @40 for medium to long-term. Ever since it has been on free fall. What is worse, it is about the only stock that is not recovering?

Anyone know the reasons (why)! I bought in coz of their regional expansion but alas!

Any one wanna give profitability forecasts on this one? Any hopes. I could hold for another 3 yrs, coz the dividends r not bad, but is it ever gonna bring capital gain?


@Slykat 2 years ago most stocks were overpriced but you couldn't tell as we were all riding a strong bull. The exception would be the likes of BAT and Mumias.

If the economy recovers strongly then you might reap a handsome profit.

I hope you are well diversified because Cables is a prickly basket to put all your eggs in.
Life is short. Live passionately.
slykat
#7 Posted : Tuesday, April 06, 2010 4:34:24 PM
Rank: Member

Joined: 2/20/2007
Posts: 359
@sparkly

How very true! I bought at the top of the bull crest. The bubble had to bust. I am well diversified across all sectors except the now lucrative agrics, oops. plus the cable bit was a small inv. It is just that it is an irritant in my portfolio.
Wa_ithaka
#8 Posted : Tuesday, April 06, 2010 4:37:50 PM
Rank: Veteran

Joined: 1/7/2010
Posts: 1,279
Location: nbi
Never sell at a loss unless the company is surely going burst. It makes twice an idiot. First for buying at an inflated price and secondly for selling at a loss when you don't need to..
The Governor of Nyeri - 2017
slykat
#9 Posted : Tuesday, April 06, 2010 4:44:11 PM
Rank: Member

Joined: 2/20/2007
Posts: 359
Hehehe... Wa_ithaka, I get the message. But dont buy it, u can theoretically pull out of a non-performer and go into say, mumias@10 and in two yrs, mumias is say 25 while centum is still 22 or thereabouts... not so?
slykat
#10 Posted : Tuesday, April 06, 2010 4:49:10 PM
Rank: Member

Joined: 2/20/2007
Posts: 359
sorry, meant to say Cables - not Centum.
2 Pages12>
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Copyright © 2026 Wazua.co.ke. All Rights Reserved.