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Cic
hisah
#551 Posted : Thursday, July 19, 2012 11:43:27 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
PKoli wrote:
Kausha wrote:
I am sure Faida and Kingdom securities will pitch with "demand" sooner or latter. Look and take this to the bank, this share will go the Britak way in another few months. Expect it at 2bob before close of year.


Two bob, I doubt, unless they record losses in their HY year results. I am sure the results will be exciting.

I've also looked at their books from 2010 to their latest Q1 results. Not possible to sink it below 3/- unless euroland goes kaput ushering another nasty GFC. Also the scarcity of volume will make it less volatile. The next 2 weeks will indicate the market balance for the price.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
bartum
#552 Posted : Thursday, July 19, 2012 12:26:13 PM
Rank: Veteran

Joined: 8/11/2010
Posts: 1,011
Location: nairobi
also note that Q1 2012 pat was 457m vs 584m of FY 2011.thought still early.we can know Q2 performance when coop will be releasing theirs
PKoli
#553 Posted : Thursday, July 19, 2012 12:33:17 PM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
bartum wrote:
also note that Q1 2012 pat was 457m vs 584m of FY 2011.thought still early.we can know Q2 performance when coop will be releasing theirs


i never saw those q1 results. were they comprehensive or newspaper reports?
Aguytrying
#554 Posted : Thursday, July 19, 2012 12:48:39 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
2.50 is the maximum price i would pay for Cic. there's no such thing as a special share.
The investor's chief problem - and even his worst enemy - is likely to be himself
PKoli
#555 Posted : Thursday, July 19, 2012 1:10:24 PM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
Aguytrying wrote:
2.50 is the maximum price i would pay for Cic. there's no such thing as a special share.

@Aguy,

Unless you do not want to own CIC, you might have to wait a little longer. Two stocks taught me a lesson;

1. ARM was trading at 28 and I said the maximum I can ever buy is at 26. I had a few but would have added a significant number. I watched it go to 64 and stagnate there for a while. I finally added some at 64. I offloaded at 120.

2. I was encouraged by a friend to buy equity bank, after listing at KES 135. The share was trading at 140 when I arrived at the brokers office at African Alliance, then upper hill. I was to buy about 20,000 shares. I felt 140 was too high and only bought 2,000 at 135 and cancelled the order for equity. Obviously equity went on to announce a bonus of 2 for every one. The 140 worth share went to 300. The rest as they say is history.
bartum
#556 Posted : Thursday, July 19, 2012 1:18:55 PM
Rank: Veteran

Joined: 8/11/2010
Posts: 1,011
Location: nairobi
PKoli wrote:
bartum wrote:
also note that Q1 2012 pat was 457m vs 584m of FY 2011.thought still early.we can know Q2 performance when coop will be releasing theirs


i never saw those q1 results. were they comprehensive or newspaper reports?

it apears in coop bank Q1 results as share of associate.
bartum
#557 Posted : Thursday, July 19, 2012 1:26:51 PM
Rank: Veteran

Joined: 8/11/2010
Posts: 1,011
Location: nairobi
PKoli wrote:
Aguytrying wrote:
2.50 is the maximum price i would pay for Cic. there's no such thing as a special share.

@Aguy,

Unless you do not want to won CIC, you might have to wait a little longer. Two stocks taught me a lesson;

1. ARM was trading at 28 and I said the maximum I can ever buy is at 26. I had a few but would have added a significant number. I watched it go to 64 and stagnate there for a while. I finally added some at 64. I offloaded at 120.

2. I was encouraged by a friend to buy equity bank, after listing at KES 135. The share was trading at 140 when I arrived at the brokers office at African Alliance, then upper hill. I was to buy about 20,000 shares. I felt 140 was too high and only bought 2,000 at 135 and cancelled the order for equity. Obviously equity went on to announce a bonus of 2 for every one. The 140 worth share went to 300. The rest as they say is history.

learning the hard way
BGL
#558 Posted : Thursday, July 19, 2012 3:38:50 PM
Rank: Veteran

Joined: 10/11/2009
Posts: 1,223
PKoli wrote:
Aguytrying wrote:
2.50 is the maximum price i would pay for Cic. there's no such thing as a special share.

@Aguy,

Unless you do not want to own CIC, you might have to wait a little longer. Two stocks taught me a lesson;

1. ARM was trading at 28 and I said the maximum I can ever buy is at 26. I had a few but would have added a significant number. I watched it go to 64 and stagnate there for a while. I finally added some at 64. I offloaded at 120.

2. I was encouraged by a friend to buy equity bank, after listing at KES 135. The share was trading at 140 when I arrived at the brokers office at African Alliance, then upper hill. I was to buy about 20,000 shares. I felt 140 was too high and only bought 2,000 at 135 and cancelled the order for equity. Obviously equity went on to announce a bonus of 2 for every one. The 140 worth share went to 300. The rest as they say is history.


They also split it 1 to 10
History will not remember you for your IQ. It will remember you for what you did. “Genius is 1 percent inspiration, 99 percent perspiration.” Thomas Edison
Aguytrying
#559 Posted : Thursday, July 19, 2012 5:49:56 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
@pkoli. u are right im not keen on owning cic hence my low price. if i was i would lock it.in at.a much higher price .
tough experiences u had.
i was once left by dtb and i know. if one decides on a share. even paying 5% more than target is ok.
The investor's chief problem - and even his worst enemy - is likely to be himself
mwekez@ji
#560 Posted : Thursday, July 19, 2012 5:58:37 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
Price discovery on this counter is ON. Anything goes, even the 2.50 call by @Aguy or the 2.00 call by @yaser
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