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Rank: Chief Joined: 1/3/2007 Posts: 18,346 Location: Nairobi
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Ericsson wrote:cyruskulei wrote:VituVingiSana wrote:@xtina - No, it wasn't core but I am redeploying cash from KK to Centum.
I&M is hot today. Once the news hits the street, then new target price shall be 150.00. Market is too bearish to sustain a rally to that price Unless there is a takeover bid  but realistically speaking it is unlikely to go much higher than 110/- at the moment though I would not mind. I am staying put. I think there is a lot more to come from I&M. Huge jump in deposits so there is room to lend. New products and an updated app. Rwanda is doing well though there are headwinds. UG might see an I&M if the environment is right. Long-term manenos. I am a-OK with that. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 3/20/2008 Posts: 503
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VituVingiSana wrote:As we head into 2Q 2019, what next?
I am out of KK. Cash ni ndani but it needs to be deployed starting Monday.
I am willing to hold/wait for 5 years for a pay-off.
Banks look good. Should I add more to what I have?
Equity
I&M [Core]
NIC
Stanbic
Manufacturing is suffering but is it a chance to get in?
BOC? [I don't have any]
FTG [small holding]
ARM [dead and suspended]
Unga [Core. Will Seaboard be back? When? Higher price?]
Cables? [Zero]
Insurance?
Britam [none]
KenRe [Core. Politics?]
Services/Commerce
TPS? [I have some. Nairobi Serena will look and feel very different once it is complete]
C&G [I have some]
Longhorn [Taken off lately. Education is huge business]
Centum
Safaricom? [Expensive but what a performer]
Agrics
Williamson/Kapchorua [Some but the land issue is worrying]
Kakuzi [None but the land issue is worrying]
What I have no interest in owning given the drama, politics, prospects or lack of faith in their financials:
KQ [Negative NAV? Little prospect for a profit for 5 years without JKIA]
NBV
Kurwitu [No idea what it does]
Orchards
Sameer
Eveready
HAFR [Real estate is hurting]
Eagaads [Politics + Drama]
Mumias [Run into the ground]
Olympia [Run by a thief]
Uchumi [Dying]
Transcentury [Dying?]
*There are other firms that might be interesting but given the politics and Kenya's debt situation, I want to be cautious.
Firms need to handle their debt carefully. Don't expand too fast using debt.
@vvs, being a long termer, how come you didn't consider Bamburi in the manufacturing sector????
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Rank: Chief Joined: 1/3/2007 Posts: 18,346 Location: Nairobi
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I have just so much cash to deploy. I am already in "core" investments like: KenRe  I&M  Unga [even in a tough year] and I am slowly adding Centum to the list.  I want to stick to a MAXIMUM of 5 "core" investments for 80% of my assets. So as you see I have Unga as a manufacturing play BUT manufacturing is suffering in KE vs the financials. If the price of Bamburi came off to below 100, borrowing rates dropped to below 10%, and the construction industry looked like it was taking off then I would seriously look at Bamburi. @xxxxx Please post your reasons on why Bamburi? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 14,211 Location: nairobi
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VituVingiSana wrote: I have just so much cash to deploy.I am already in "core" investments like: KenRe I&M Unga [even in a tough year] and I am slowly adding Centum to the list. I want to stick to a MAXIMUM of 5 "core" investments for 80% of my assets. So as you see I have Unga as a manufacturing play BUT manufacturing is suffering in KE vs the financials. If the price of Bamburi came off to below 100, borrowing rates dropped to below 10%, and the construction industry looked like it was taking off then I would seriously look at Bamburi. @xxxxx Please post your reasons on why Bamburi? See your comments in red
KQ ABP 4.26
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Rank: Chief Joined: 1/3/2007 Posts: 18,346 Location: Nairobi
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obiero wrote:VituVingiSana wrote: I have just so much cash to deploy.I am already in "core" investments like: KenRe I&M Unga [even in a tough year] and I am slowly adding Centum to the list. I want to stick to a MAXIMUM of 5 "core" investments for 80% of my assets. So as you see I have Unga as a manufacturing play BUT manufacturing is suffering in KE vs the financials. If the price of Bamburi came off to below 100, borrowing rates dropped to below 10%, and the construction industry looked like it was taking off then I would seriously look at Bamburi. @xxxxx Please post your reasons on why Bamburi? See your comments in red Dear @Obiero, Now I understand why you are so confused given English is a tough language to master. I said "I have just so much cash" which you interpreted as "I have so much cash" but this is not uncommon among those whose command of the English language is inadequate. Your knowledge of the subtleties of the English language is similar to your understanding of accounting and finance. Certain words like "profit" and "dividend" are missing from your vocabulary but I attribute this to the lack of familiarity with such words. In other words, so that you may understand, you are proficient in neither English nor Finance. Nevertheless, please do not fret. As we say, practice makes perfect. To help you start the process to overcome your inadequacies I have included a link that explains the idiomatic turn of phrase. https://dictionary.cambr...glish/only-so-much-many
Sincerely, VVS Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 3/20/2008 Posts: 503
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VituVingiSana wrote:I have just so much cash to deploy. I am already in "core" investments like: KenRe I&M Unga [even in a tough year] and I am slowly adding Centum to the list. I want to stick to a MAXIMUM of 5 "core" investments for 80% of my assets. So as you see I have Unga as a manufacturing play BUT manufacturing is suffering in KE vs the financials. If the price of Bamburi came off to below 100, borrowing rates dropped to below 10%, and the construction industry looked like it was taking off then I would seriously look at Bamburi. @xxxxx Please post your reasons on why Bamburi? Mgt keeps yapping abt initiatives that will make them the least cost producer, brand & reputation, Anchor shareholder, Little debt, Strong cashflow generation abilities. etc
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Rank: Member Joined: 3/20/2008 Posts: 503
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VituVingiSana wrote:obiero wrote:VituVingiSana wrote: I have just so much cash to deploy.I am already in "core" investments like: KenRe I&M Unga [even in a tough year] and I am slowly adding Centum to the list. I want to stick to a MAXIMUM of 5 "core" investments for 80% of my assets. So as you see I have Unga as a manufacturing play BUT manufacturing is suffering in KE vs the financials. If the price of Bamburi came off to below 100, borrowing rates dropped to below 10%, and the construction industry looked like it was taking off then I would seriously look at Bamburi. @xxxxx Please post your reasons on why Bamburi? See your comments in red Dear @Obiero, Now I understand why you are so confused given English is a tough language to master. I said "I have just so much cash" which you interpreted as "I have so much cash" but this is not uncommon among those whose command of the English language is inadequate. Your knowledge of the subtleties of the English language is similar to your understanding of accounting and finance. Certain words like "profit" and "dividend" are missing from your vocabulary but I attribute this to the lack of familiarity with such words. In other words, so that you may understand, you are proficient in neither English nor Finance. Nevertheless, please do not fret. As we say, practice makes perfect. To help you start the process to overcome your inadequacies I have included a link that explains the idiomatic turn of phrase. https://dictionary.cambr...glish/only-so-much-many
Sincerely, VVS  forgive
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Rank: Veteran Joined: 4/4/2016 Posts: 2,016 Location: Kitale
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VituVingiSana wrote:obiero wrote:VituVingiSana wrote: I have just so much cash to deploy.I am already in "core" investments like: KenRe I&M Unga [even in a tough year] and I am slowly adding Centum to the list. I want to stick to a MAXIMUM of 5 "core" investments for 80% of my assets. So as you see I have Unga as a manufacturing play BUT manufacturing is suffering in KE vs the financials. If the price of Bamburi came off to below 100, borrowing rates dropped to below 10%, and the construction industry looked like it was taking off then I would seriously look at Bamburi. @xxxxx Please post your reasons on why Bamburi? See your comments in red Dear @Obiero, Now I understand why you are so confused given English is a tough language to master. I said "I have just so much cash" which you interpreted as "I have so much cash" but this is not uncommon among those whose command of the English language is inadequate. Your knowledge of the subtleties of the English language is similar to your understanding of accounting and finance. Certain words like "profit" and "dividend" are missing from your vocabulary but I attribute this to the lack of familiarity with such words. In other words, so that you may understand, you are proficient in neither English nor Finance. Nevertheless, please do not fret. As we say, practice makes perfect. To help you start the process to overcome your inadequacies I have included a link that explains the idiomatic turn of phrase. https://dictionary.cambr...glish/only-so-much-many
Sincerely, VVS Na tulikuwa tumemiss hii mambo.ni mzuri imerudi! Towards the goal of financial freedom
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Rank: Chief Joined: 1/3/2007 Posts: 18,346 Location: Nairobi
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xxxxx wrote:VituVingiSana wrote:I have just so much cash to deploy. I am already in "core" investments like: KenRe I&M Unga [even in a tough year] and I am slowly adding Centum to the list. I want to stick to a MAXIMUM of 5 "core" investments for 80% of my assets. So as you see I have Unga as a manufacturing play BUT manufacturing is suffering in KE vs the financials. If the price of Bamburi came off to below 100, borrowing rates dropped to below 10%, and the construction industry looked like it was taking off then I would seriously look at Bamburi. @xxxxx Please post your reasons on why Bamburi? Mgt keeps yapping abt initiatives that will make them the least cost producer, brand & reputation, Anchor shareholder, Little debt, Strong cashflow generation abilities. etc Makes sense but unless the construction picks up, where will they sell the cement? There's a lot of competition. I read that Simba Cement (Devki) picked up West Kenya's mining concessions. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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Following companies are currently announcing their FY results Britam HFCK Kakuzi CFC Insurance/Liberty Holdings Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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