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Bargains to buy from tomorrow???
Rank: Elder Joined: 6/2/2008 Posts: 1,438
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KK's EPS of 1.21 is better than expected as far as I am concerned, although I imagine some folks expected as high as 1.70 given the first half results before the "evil axis" stepped in to spoil the party. I expected a dividend of 35 cts but got 52 cts, a whole 50% more.
Good set of results, but if the market is still in the mood of punishing shares that do well, I wonder what will happen to its share price tomorrow. Under normal circumstances, I would bet that price would shoot up!
What are your thoughts?
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Rank: Chief Joined: 1/3/2007 Posts: 18,134 Location: Nairobi
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SELL, SELL, SELL so I can buy... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 5/24/2010 Posts: 846 Location: KENYA
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In this market no matter how the results are the share will GO DOWN. Its the perfect setting for a value hunter! Lakini pesa is not unlimited, there lies the catch...
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Rank: Elder Joined: 12/9/2009 Posts: 6,592 Location: Nairobi
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The Merchant wrote:In this market no matter how the results are the share will GO DOWN. Its the perfect setting for a value hunter! Lakini pesa is not unlimited, there lies the catch... I doubt KK will go down. I can almost bet it will not trade below 10/- from tomorrow. Has anyone including those overrated Financials given better dividend than this?
BBI will solve it :)
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Rank: Elder Joined: 6/2/2008 Posts: 1,438
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2012 wrote:The Merchant wrote:In this market no matter how the results are the share will GO DOWN. Its the perfect setting for a value hunter! Lakini pesa is not unlimited, there lies the catch... I doubt KK will go down. I can almost bet it will not trade below 10/- from tomorrow. Has anyone including those overrated Financials given better dividend than this? I also doubt whether KK will go down, at least not in the next one week or so. But to answer your question, as a matter of fact KCB's dividend yield is indeed fractionally higher than that for KK. BBK had a much higher dividend yield (partly from the exceptional item), while that for BAT is also higher. At the time of announcing results, E.A. Cables also had a higher dividend yield. I hesitate to mention that for BOC as it is coming from reserves. Bottomline is that KK has a pretty nice yield, but its main attraction is coming from the fact that it was unexpected, especially, in my case. I am also happy about the fact that plenty of money is still left over for expansion, even with this payout.
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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@impunity. I will keep on trying until im a billionaire. @mwanahisa. Ah ha. Interesting u also went for arm. Means im on the right track. I know how you picked up the bargains last time market went south. It was too sweet to resist. your right, the initial higher price had factored in the future gains with that high p.e of 21. Since nothing has changed. Bargain hunting time. The new plant will make its production slightly higher than bamburi. Its a nice share to hold. Really nice. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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I wish, but i dont see kk remaining low. The dividend and prospects are just too enticing. Im a shareholder and even i want to buy more. Attractive because. U are almost guaranteed that if u buy now for the dividends u are unlikely to suffer from capital erosion. If the market is not interested, i'll continue to accumulate, if they are ill see to them at my premium. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Warren Buffet in his new letter to BH shareholders emphasizes the essence of Liquidity, he says an investor should be liquid at all times and warns against leverage.
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Rank: Elder Joined: 12/9/2009 Posts: 6,592 Location: Nairobi
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Why do I feel like Kenya Re might just shock us all with great results, dividends or maybe even a good bonus...
BBI will solve it :)
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Rank: Elder Joined: 6/2/2008 Posts: 1,438
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2012 wrote:Why do I feel like Kenya Re might just shock us all with great results, dividends or maybe even a good bonus... I am expecting good (but not suprising) results from KenRe - EPS of at least 2.50 with a dividend of no less than 50 cts. However, everybody seems to know this, but still the share stagnates. It looks like HARDLY ANYTHING can move this market up. So, I will just take my 5%+ dividend and wait for a time when rationality comes back to the market.
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Rank: Member Joined: 4/17/2009 Posts: 194
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mwanahisa wrote:2012 wrote:Why do I feel like Kenya Re might just shock us all with great results, dividends or maybe even a good bonus... I am expecting good (but not suprising) results from KenRe - EPS of at least 2.50 with a dividend of no less than 50 cts. However, everybody seems to know this, but still the share stagnates. It looks like HARDLY ANYTHING can move this market up. So, I will just take my 5%+ dividend and wait for a time when rationality comes back to the market. ONLY REMEMBER THAT THE MARKET CAN REMAIN IRRATIONAL LONGER THAN YOU CAN REMAIN LIQUID.
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Rank: Elder Joined: 9/23/2010 Posts: 2,221 Location: Sundowner,Amboseli
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Iborian wrote:
ONLY REMEMBER THAT THE MARKET CAN REMAIN IRRATIONAL LONGER THAN YOU CAN REMAIN LIQUID.
The converse is true! @SufficientlyP
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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will KCB ever get passed 23bob?...LMAO.
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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Market is going down, below 4000 points, all the counters are falling. Public has lost interest in stocks. It doesn't all have to be doom and gloom during this time. Check out the following bargains. nic bank. Today at 45.00. A return to 49.00 and you've made some change. Albeit 5 %. Mumias had a low of 7.10 today- at 7.8 another 5% To be made. Kenya airways. At 32.00. Risky one but by the time its back to 38. You'll be up 20% or more. The percentage gains may seem small, but it beats the hell out of watching the market fall day in day out and all your counters seeing read. Nb. Purely spectalive purposes. The thoughts Expressed herein are my own, and any liability or gain resulting from them will be borne by the doer. Happy hunting The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Veteran Joined: 3/12/2010 Posts: 1,199 Location: Eastlander
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Aguytrying wrote:Market is going down, below 4000 points, all the counters are falling. Public has lost interest in stocks. It doesn't all have to be doom and gloom during this time. Check out the following bargains. nic bank. Today at 45.00. A return to 49.00 and you've made some change. Albeit 5 %. Mumias had a low of 7.10 today- at 7.8 another 5% To be made. Kenya airways. At 32.00. Risky one but by the time its back to 38. You'll be up 20% or more. The percentage gains may seem small, but it beats the hell out of watching the market fall day in day out and all your counters seeing read. Nb. Purely spectalive purposes. The thoughts Expressed herein are my own, and any liability or gain resulting from them will be borne by the doer. Happy hunting Market is going down.. Blame it on: -Cost of living..inapanda..fuel/energy/food costs..consumption element of home budgets up -Non fundamentals-based expectations..investing on "hot" tip stocks.. -Politics..stupid potentially destabilising comments -Alternative investments scheme.. real estate imeshika tu sana -Lethargy/disinterest.. kenyans..hard lot to please -Ignorance..bulk investors cannot tell p/e from ROE -Boardroom shenanigans..why the heck did BBK split -"interesting" investment advice.. Buy!Buy!Buy!  -Contentment..majority of kenyans just happy how things are and see no need to hurry/invest..unless ni Reurns Major-Pap!! -Loliondo -Gor Mahia is NOT listed. Enjoy your weekend sir! ..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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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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the deal wrote:will KCB ever get passed 23bob?...LMAO. Yes it will very soon. I am sure it is now getting institutional support. It should trade at no less than 27..Taking a conservative pe of 10. Let us wait for 1st Quater results
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Rank: Veteran Joined: 3/25/2011 Posts: 946
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PKoli wrote:the deal wrote:will KCB ever get passed 23bob?...LMAO. Yes it will very soon. I am sure it is now getting institutional support. It should trade at no less than 27..Taking a conservative pe of 10. Let us wait for 1st Quater results you just dnt learn. do we . we are currently in a bear market and you still expect the share to rally past 24.00 . a price that has capped the share for three years.It WOUNT happen in a bear market. If Final year results CANNOT make stocks to rally will 1 st quarter make them rally.The earlier we accept that we are i bear market the better we will be able to coupe with it. This year is a gud as dead !!!!!!!if you are expecting a rally this year please donot. you better start using ur bear market strategty and wait for the bull maybe next year.
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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@qw. I doubt there can be a bull next yr due to election fever. As for this yr, its too early to talk.time will tell. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Veteran Joined: 3/25/2011 Posts: 946
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@ a guy trying.there are a two scenarios here as we head into the election year:
1. Investors may start factoring in a peaceful election the way they did factor in a peaceful referendum and is will lead to a major rally. ( highly unlikly but possible).maybe a rally in January
2. Investors might just stay out completely and wait for the results of the elections.
either way the market will be pull of better bargains than now and those buying now i just donot see what you are seeing.....good days lie ahead and i will wait...
FOR me this year is gud as dead and for me i will just look to other places to make money...
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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My portfolio is red right now. There are juicy dividends coming my way in the next 1-2 months. There's no way im leaving the market now, id rather leave my money there for 3yrs. I had planned to get out later this year, and thats still my plan, despite what has forgone. After which, i'll make my come back in 2013 or late 2012. If im unable to get out, ill keep buying the bargains as they come. Im sure everyone here has a strategy for next yr. Thats mine. The investor's chief problem - and even his worst enemy - is likely to be himself
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