Good choices those were in early 2014 and your taking your picks in July again for the next 6 months. I've tried to track Longhorn and Liberty and none of my friends seems to favour any with the exception of Liberty for speculation purposes but thanks for your reinforcement commentary which may just help sway to or away from.

I am happy to have outperformed the nse 20 share index. A good way to accumulate money to invest in real estate. On January, I asked my banker to loan me some cash for a real estate project, but I failed to qualify. my objective is to make a conservative 30% gain by end of the year from CFC Insurance and Longhorn and have enough capital for the project.
Happy Hunting Wazuans

And did you hear about my dear Unga bought at 18bob... or my sweet C&G I bought at 28 pre bonus??

congrats n all the best in your new picks. I'm now eying energy stocks but I guess those will require longer timeframes before I cash out.

My valuation method is purely on P/E because they both have single digit P/E's. I would not use the NAV to value securities that are not distressed. NAV to me only makes sense when valuing distressed securities such as Mumias because they have a high chance of liquidation and hence you would like to know what you will get in case of such an event. For a security that is not in distress, I use P/E because all I care about is the return on investment I expect from the security, not the assets the company has. Some companies have very expensive assets but post meager profits, and therefore using the NAV could be very misleading. Those are my two Ugandan Shillings though, am not an expert in these things.