Rank: Elder Joined: 6/23/2009 Posts: 13,890 Location: nairobi
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obiero wrote:mkate_nusu wrote:guru267 wrote:obiero wrote:Spikes wrote:MadDoc wrote:guru267 wrote:This is why I know God loves me... Sold half my stock at 7 bob that I had bought at an average of 6 bob looking to re enter at below 5 bob...
But Friday will be a blood bath when these @Ebenyo, @Spikes and crew rush into the market... You read my mind. I will enter at sub 5 n exit at 6. This is not material announcement. The minimum price on Friday shall be 6.25 .There is room for exit with minor injuries. The stock is unlikely to tank.. Just a slight wobble at best With EPS of 1.08, Revenue up 28%, PBT up 29%, shareholder funds of KES 367Bn etc. all rationality shows that the share price should be stable. But we all know about market rationality in the short term.... This one will bleed until H1 2017 results. PAT gives the real picture considering they received a tax credit(approx 3 billion) in FY15 for Olkaria phase IV development. The 2:1 rights shares was the beginning of the problems for kengen shareholders going forward @guru267 simply the best.. better than all the rest And just like that, KEGN stopped paying out dividends. We know what's happening here, immediately after the rights issue COOP ABP 15.85; IMH ABP 35.55; KQ ABP 5.76; MTN ABP 5.20
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