Wazua
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Rank: Chief Joined: 1/3/2007 Posts: 18,439 Location: Nairobi
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@thedeal - MANAGEMENT is the first thing Warren Buffett looks at... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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@ vvs true that...now lets look at equity vs kcb...both led by hot shot c.e.o's...equity according to my formula above is=13.79=buy where as kcb=6.5=sell...my formula disregards the price since its set by many factors i.e emotions and speculation...
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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ProverB, what those people are doing is certainly not smart investing. I believe that smart investing is actually seeing opportunities WAY BEFORE others see it. e.g let me use your Mumias example. Buying after the 1st half results was not "smart investing". Those who bought at below 7 bob were indeed the smart investors. They did not wait for the results. They knew that Mumias had value and that new revenue which was not there before was being added into its income stream (i.e the Co-generation plant) Another example I can use is PETROCHINA which Buffett bought and sold for a profit of 3.5 billion dollars. You have to love this dude. Buffett said: “In 2002 and 2003 Berkshire bought 1.3% of PetroChina for $488 million, a price that valued the entire business at about $37 billion. Charlie [Munger] and I then felt that the company was worth about $100 billion. By 2007, two factors had materially increased its value: the price of oil had climbed significantly, and PetroChina’s management had done a great job in building oil and gas reserves. In the second half of last year, the market value of the company rose to $275 billion, about what we thought it was worth compared to other giant oil companies. So we sold our holdings for $4 billion" GOD BLESS YOUR LIFE
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Rank: Elder Joined: 6/23/2009 Posts: 14,477 Location: nairobi
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interesting read.. management comes before all else. if management cannot be trusted then do not attempt to purchase at whatever price. after mgt, I look at PE, EPS & dividend yield. However, sometimes I roll the dice and try to pick the bottom based on future projected gains COOP 306,100 ABP 31.96, KEGN 112,100 ABP 10.64, MTNU 131,000 ABP 10.21
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Rank: Chief Joined: 1/3/2007 Posts: 18,439 Location: Nairobi
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obiero wrote:interesting read.. management comes before all else. if management cannot be trusted then do not attempt to purchase at whatever price. after mgt, I look at PE, EPS & dividend yield. However, sometimes I roll the dice and try to pick the bottom based on future projected gains Your buddy Alex Mbugua is still the CFO. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 14,477 Location: nairobi
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VituVingiSana wrote:obiero wrote:interesting read.. management comes before all else. if management cannot be trusted then do not attempt to purchase at whatever price. after mgt, I look at PE, EPS & dividend yield. However, sometimes I roll the dice and try to pick the bottom based on future projected gains Your buddy Alex Mbugua is still the CFO. Iv just received a call and it is confirmed, he will be out soon, actually upon conclusion of the senate sitting.. COOP 306,100 ABP 31.96, KEGN 112,100 ABP 10.64, MTNU 131,000 ABP 10.21
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Rank: Chief Joined: 1/3/2007 Posts: 18,439 Location: Nairobi
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obiero wrote:VituVingiSana wrote:obiero wrote:interesting read.. management comes before all else. if management cannot be trusted then do not attempt to purchase at whatever price. after mgt, I look at PE, EPS & dividend yield. However, sometimes I roll the dice and try to pick the bottom based on future projected gains Your buddy Alex Mbugua is still the CFO. Iv just received a call and it is confirmed, he will be out soon, actually upon conclusion of the senate sitting.. You must be devastated. And I like this photo. http://www.businessdaily...4/-/duuvntz/-/index.htmlGreedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 14,477 Location: nairobi
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COOP, EQTY, KCB, PANAFRIC.. Fundamentally sound and ripe for purchase at current prices COOP 306,100 ABP 31.96, KEGN 112,100 ABP 10.64, MTNU 131,000 ABP 10.21
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Rank: User Joined: 1/20/2014 Posts: 3,528
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obiero wrote:COOP, EQTY, KCB, PANAFRIC.. Fundamentally sound and ripe for purchase at current prices COOP ~ 18 EQTY ~ 32 KCB ~ <45 PANAFRIC --- never been on my rader! Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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Rank: Elder Joined: 6/23/2009 Posts: 14,477 Location: nairobi
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Othelo wrote:obiero wrote:COOP, EQTY, KCB, PANAFRIC.. Fundamentally sound and ripe for purchase at current prices COOP ~ 18 EQTY ~ 32 KCB ~ <45 PANAFRIC --- never been on my rader! Equity may not reach your target purchase price COOP 306,100 ABP 31.96, KEGN 112,100 ABP 10.64, MTNU 131,000 ABP 10.21
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