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kengen's pbt falls by 50% what is not happening
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mlennyma
#21 Posted : Thursday, October 14, 2010 1:56:58 PM
Rank: Elder


Joined: 7/21/2010
Posts: 6,192
Location: nairobi
Wake me up when it touches 12bob
"Don't let the fear of losing be greater than the excitement of winning."
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ProverB
#22 Posted : Thursday, October 14, 2010 2:00:42 PM
Rank: Veteran


Joined: 3/12/2010
Posts: 1,199
Location: Eastlander
Kengen started the year @13.20..fell all the way to 11.90 then started up thanx to 1st half financial results..all the way to a high of 19.00 or there about...

performing full year worse than previous implies marginal intrinsic value growth..plus a hefty debt service cost (bond interest)

..likely to breach the purported 15.00 barrier to lower levels.. 12-14.

just me.. high on milk shake at savanah smile
..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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X13united
#23 Posted : Thursday, October 14, 2010 2:26:57 PM
Rank: Member


Joined: 8/26/2010
Posts: 124
According to business daily,-Kengen revenue droped from ksh.11.5bn to ksh.9.8bn. This drop is ofcos attributed to drought. N if this drop was nt good enough,please fasten your seatbelt as the weather man has somethin else to add to this cookin pot- La nina is set to hit the country next year. Be the judge. I rest my case your honour.
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PKoli
#24 Posted : Thursday, October 14, 2010 4:14:31 PM
Rank: Elder


Joined: 2/10/2007
Posts: 1,587
mlennyma wrote:
Wake me up when it touches 12bob


You will have to wait for another financial meltdown
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mwanahisa
#25 Posted : Friday, October 15, 2010 5:51:06 PM
Rank: Elder


Joined: 6/2/2008
Posts: 1,438
mwanahisa wrote:
I have just bought a small chunk at 15.70 and 15.65. I have other bids below these prices and will increase my quantity as it falls. I bet it will not fall below 15.

This is purely for speculation and I have a time frame not exceeding end of January 2011.

I will exit if I can net 10%.


Today, this counter closed @16.50 with outstanding demand of about 40,000 shares. Unfortunately, I only managed to get about 8,000 shares yesterday before the short term window of opportunity closed.

I will not hold them for long given the meagre quantity. If they clear while the price is still up, I will just take my money.

I have worked it out that I need a selling price of 17.80 to net my 10%. In view of the quantity involved, if I get 17 (where I make 5%) I will sell. I do not feel it worthwhile to expend too much energy watching a counter's movt when I do not have a sizeable quantity.
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Eddy
#26 Posted : Friday, October 15, 2010 11:12:01 PM
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Joined: 7/20/2006
Posts: 277
@Mwanahisa,

How do you work out your 10% from 17.8? does that factor the 2% for buying and selling....... mmhh i thought so.
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youcan'tstopusnow
#27 Posted : Friday, October 22, 2010 2:18:12 PM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
One would be forgiven for thinking kengen just posted excellent results. Share trading at around the same level before release of results. Contrast that with when E.A. Cables released their results
GOD BLESS YOUR LIFE
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guru267
#28 Posted : Saturday, October 23, 2010 5:23:47 AM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
youcan'tstopusnow wrote:
One would be forgiven for thinking kengen just posted excellent results. Share trading at around the same level before release of results. Contrast that with when E.A. Cables released their results


These are long term buyers... Once Kengen is finished paying their bond and comleted their projects there will be no limits to the growth this counter will realize
Mark 12:29
Deuteronomy 4:16
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mwanahisa
#29 Posted : Friday, October 29, 2010 2:22:35 PM
Rank: Elder


Joined: 6/2/2008
Posts: 1,438
Eddy wrote:
@Mwanahisa,

How do you work out your 10% from 17.8? does that factor the 2% for buying and selling....... mmhh i thought so.


@Eddy, My calculations above included commisions though not at the standard rate, as I get discounted rates.

And I have today managed to sell off the lot at Kshs 18. My 10% and a little more is in. Not bad for holding for 2 weeks. Shows that you do make money sometimes by going against the crowd. Now, if only I had more faith - I could have bought more at 16!
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jerry
#30 Posted : Friday, October 29, 2010 5:23:59 PM
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Joined: 9/29/2006
Posts: 2,570
@mwanahisa, who is ur dealer?
The opposite of courage is not cowardice, it's conformity.
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Aguytrying
#31 Posted : Friday, October 29, 2010 8:07:08 PM
Rank: Elder


Joined: 7/11/2010
Posts: 5,040
@mwanahisa. If 8000 ken gen shares, is a very small amount. It seems i have a long way, before i can play with the big boys. But im impressed!! And inspired.
The investor's chief problem - and even his worst enemy - is likely to be himself
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mwanahisa
#32 Posted : Friday, October 29, 2010 8:14:40 PM
Rank: Elder


Joined: 6/2/2008
Posts: 1,438
@Aguytrying. Forgive my choice of words. I did not mean it to come across as such. I am sure you will be able to progress from where you are. My very best wishes in that regard.

@Jerry, I actually use a number of brokerage houses, but I do not wish to name them in a public forum.
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Aguytrying
#33 Posted : Friday, October 29, 2010 9:51:51 PM
Rank: Elder


Joined: 7/11/2010
Posts: 5,040
mwanahisa wrote:
@Aguytrying. Forgive my choice of words. I did not mean it to come across as such. I am sure you will be able to progress from where you are. My very best wishes in that regard.

@Jerry, I actually use a number of brokerage houses, but I do not wish to name them in a public forum.


No need to apologive buda. shikilia hapo hapo. Im patient and ill get there with time and diligence. Infact i loved that post, nothing short of inspiring. I've been expanding my scope of investment in shares ever since i joined this site. BIG business
The investor's chief problem - and even his worst enemy - is likely to be himself
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kyt
#34 Posted : Saturday, October 30, 2010 2:54:10 PM
Rank: Elder


Joined: 11/7/2007
Posts: 2,182
this stock aint bad i also hold some and panicked when they announced but given the turnaround i will safely hold till kingdom come.
LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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ProverB
#35 Posted : Thursday, November 18, 2010 8:25:28 AM
Rank: Veteran


Joined: 3/12/2010
Posts: 1,199
Location: Eastlander
http://www.theeastafrica.../-/omcdvuz/-/index.html

Niiiicccee. smile Stems the downward price potential.
..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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youcan'tstopusnow
#36 Posted : Saturday, November 20, 2010 6:56:38 AM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
www.standardmedia.co.ke/m/?id=2000022860 KenGen studying viability of solar energy in Kenya
GOD BLESS YOUR LIFE
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