[youcan'tstopusnow], i estimate NIC's intrinsic to be btn 60-55/- based on last years earnings.If i double their half year results and add a worst case senario, this equates to 65-60/-. I would be interested at present levels although if the stock falls low, i'll be dancing to the broker. the discount to value here is at worst 23% assuming you buy at 45. My target entry point is 41 and below. Kenya Re too is selling at abig discount to value, we estimate is at btn 20-17, to be abit conservative, i would put it at 17. For some time it has been trading below book. Co-op bank has an Intrinsic value of about 23-19 at 17. there's some margin close to 10% from intrinsic. Those are financials that are attractive and selling for less than intrinsic. For industrials and commercial, we use free cashflow to value them, most haven't been producing positive free cash and the ones that have are overvalued, (selling for more than 10x free cash per share.)

I agree with @msimon and @waithaka. I must also add that to effectively use intrinsic value one must apply a discount rate (not less than 20%, WB uses 60%)to the intrinsic value and only then can it be a proper comparison to the exixting market value.

@msimon

and what is your take on KPLC? is it worth taking it up now? where would you place it in June 2010?

KK has really been winking at me but it has too much drama my sight is blurred.

And finally KCB has started waking up...