The highly awaited half year results are in with a 561% rise in pre tax profits.

@ Muganda: I hope you still have the mumias shares as the feast is destined for next week.

@stocksmaster speechless ; and for a person as verbose as I am that is a rareity.

Only these words come to mind:
If it falls your lot to be a street sweeper, sweep streets like Michelangelo painted pictures, sweep streets like Beethoven composed music, sweep streets like Shakespeare wrote poetry. Sweep streets so well that all the hosts of heaven and earth will have to pause and say: Here lived a great street sweeper who swept his job well.

Top of the game on the first play of the year! 11 more to go, press on and keep us posted.

ACTIVITY 4: SALE OF 65,000 MUMIAS SHARES AT AVERAGE PRICE OF KSH 10.65

DATE: 05-02-2010

Value of transaction: Ksh10.65 X 65000= KSH 692,250

Less transactions costs(2%):Ksh 14,000

Total less transaction cost: Ksh 678,250

ADD Cash in hand(from Activity 2): Ksh 98,000

TOTAL CASH IN HAND AFTER ACTIVITY 4: Ksh 776,250

LESS Initial investment: Ksh 527,850

PROFIT AFTER ACTIVITY 4: Ksh 248,400

PERCENTAGE GROWTH(AFTER 1 MONTH): 47%

WAY FORWARD:

I am only 3% away from my annual target of a 50% growth.

I plan to use the early part of next week evaluating the counters. The recent price rallies in January have distorted the market but afew bargains still exist.

Market re-entry is scheduled for the end of the week.

Happy hunting.

Excellent!!!! Keep us informed...

BTW, have you tried negotiating on the commission with the broker?
Coz if you can do so... then your 50% will be much easier!

BTW, even investing in a T-Bill for 180 days will get u above the 50% coz rates running at 6-7% per 12 months!

@stocksmaster - Let's just say that i am inspired!

@VVS... explain that one to me again... If I invest for 180 days at 6% per annum, I'll end up with only 6.0052% at year end (360 days).

Have I made a mistake in calculations. How did you come up with 50%? I may just quit stocks if what you say is true!!

Ah... my bad.

Thanks for the tip stocksmaster. Got MSC at 6.90 exited at 10.00 thanks to you. What a way to start the year!!! Happy trading!

@2012 Jubilee is liked right now cos it was in a number of deals with the fibre optics and its made a killing

Jubilee is not just an insurance business; it is an investment company whose holdings include banking (DTB), tourism (TPS-EA), power generation (Tsavo Power), real estate (IPS building) etc.

Now, now, now; was it not for @2012's question, I wouldn't have done that quick check. Now I am interested in this counter and will see how I can enter!