I am not so sure about KK, but KPLC and KCB are both good companies. I expect KCB to give higher returns in the short and medium term.KPLC on the other hand is likely to follow the path of the GDP, possibly growing at a slightly higher rate that the GDP. I therefore expect medium to long term returns for KPLC. I would split my capital in the ratio of 7:3 for KCB and KPLC respectively.

With the results KCB has released, I am happy to have added onto KCB making it the largest financial stock in my portfolio. What's even more interesting is that these results point to the fact that KCB is quite capable of increasing its EPS to Kshs 5 within the next 2-3 years given the inefficiences that are still so apparent. Can you imagine where that will take the KCB price to?

If BBK can make 10.8 billion PBT with a balance sheet of 172 B, it should be possible for KCB to make over 15 billion with its 251 B.

BTW, I also hold KK but have not added any for a while. I sold off all my Kshs 19.50 KPLC rights a while ago and walked away with 20% gains. I am not convinced that KPLC will move much until the rights story becomes a distant memory just like happened with KCB. There is always the possibility that KK will surprise us BIG one of these fine days, but with the oil price moving all over the place, the uncertainty on this is higher. This leaves me with the conclusion that if I had to choose just one of the 3, I would stick with KCB.

So can we revisit KCB hitting 60 bob this year?

@Proverb..cool then it's accumilation till NSE comes around. Equity is given a p/e of 20. With KCBs 2.7 eps..what's the math?

@Proverb..he he..I appreciate and respect what Equity does in terms of financial inclusion & empowerment and for that reason I prefer KCB where the real owners of industry might bank coz at the end of the day they retain the most of mwananchi money

I have just seen the KPLC results and at 18.6% growth in PAT this has come in within the range I predicted. For a utility this is not bad but certainly nothing much to write home about considering the way the Financials are shooting the lights out!

We can now see that KCB appears to have been (is) the clear winner of the three stocks. I continue to place my faith in the lion, although I have changed my stance on KK following the release of results and the outlook statement. I am no longer buying KCB but I have been adding on to my position in KK. As for KPLC I have only gone in for some speculative pickings which I have since sold. However, I will be a buyer, should it get back to the 20 level, but again purely for speculation.

Not really,every nugu has its day to shout.

And the story continues. Very significantly, KCB has traded above Kshs 25. This is the price at which their second last rights issue was done at, some years back. I am sure some technical analysts may have something to say about this, assuming it closes at this price. My hunch is that it is very significant. But what do I know?

BTW, anyone who bought the rights in August last year has now made over 40% in this "bear market".

To be fair to QW, I daresay he has not been the only one talking of a bear market. Even I have become a lot more cautious. I changed my stance to have around 20% of my portfolio in cash. I drew down on that quite a bit in the last two weeks, but I will soon be replenishing the position.