Cicero wrote:With an EPS of ~64 cents already in the bag, i think an end of year EPS of KES2. Everything held constant, will put it's value above KES20 end of this year where it belongs. Not so?
LOL... I disagree!!!
On EPS I think it will be between 1.50 - 2.00 and anything higher will be a huge surprise to me.
I discount any 'tax' benefits since these are generally one-offs though they help in keeping the cash in-house.
Mumias at 10x PE is a little high since the risks with farmers, COMESA, etc remain high.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett