After she staying in the sidelines for two months, I have finally decided to invest in stocks once again, because I have spotted a good long term opportunity. My first investment of the year will be Kenya Re, starting Monday.
Activity 1:
Kenya Reinsurance:- It turns out that having a majority shareholding by uncle Sam has some advantages too. Ironically, unlike in other firms, the government is a good business partner in Kenya Re
http://www.businessdaily.../-/4r26sdz/-/index.html . The link reveals that it has guaranteed the business of the reinsurer for the next five years. In addition, the valuation of the counter is very low with a single digit P/E. The FY profits have been growing at a good rate in the last three years and despite the low dividend yield, the counter is a good growth stock. I intend to purchase 10,000 shares on Monday at the current price of 18.55. This will be my first investment in 2015. I will update my next buy if an opportunity arises. Happy Hunting 2015
A successful man is not he who gets the best, it is he who makes the best from what he gets.