Wazua
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Taking positions for 2010
Rank: Elder Joined: 2/10/2007 Posts: 1,587
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@marketHEAD,
I propose that you consider getting some Kenya Re. The market is currently not focusing on it, but it is currently trading at a ridiculously low p/e. From their 3rd quarter results, full results should be good. You will then stop chasing institutions.
I learnt the hard lesson with Stanbic Ug, I bought with fear at UGx 120. When the price went to 140 I had money to snap many, but I shied off. At 170 when they announced the extra ordinary half yr dividends, institutions started amassing. Now I am chasing with them at UGx 210.
Good luck
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Rank: Veteran Joined: 8/16/2009 Posts: 994
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@ youcantstopusnow Access Kenya recorded improved turnover last year but since IT segment recorded lower margins 13% in 2009 vs 30% in 2008. The company says it has reversed this trend. Margins from Internet Segment were however improved. Another factor that lead to lower PBT is the increase on depreciation charge which more than doubled in the period. These results must be the basis for a stagnating price i.e. @ PE of 26 it must recored growth comensurate with this ranking. On the outlook side, the landing of the fibre optic cables will continue to put pressure on pricing hence the margins should be expected to drop. The question is how fast and how soon will this happen. AK only stand to benefit if more customers get connected but of course there is the pressure from the mobile companies. The strategies that AK will take to cover this is what will determine the direction of the price. First Half may shed some light. Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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@Gatheuzi
Access is trading at a very high p/e. Growth has reduced signifcantly to justify such a high p/e.
I think they will have to work extra hard to manage competition from Safcom. Having used most of cash earned from IPO, it will be a tall order. They must come up with a strategy that will excite the market. Else we will flock to Equity, K Re, KCB, Safcom, Mumias, KPLC, EABL et all.
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Rank: Chief Joined: 1/3/2007 Posts: 18,134 Location: Nairobi
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guru267 wrote:marketHEAD wrote:whats the best entry among the following for a short term game?
safcom @ 5.70
equity @ 17.25
mumias @ 11.30
coop @ 11.00 @marketHEAD... it is almost impossible to get into equity, mumias or co-op because institutions are snapping up all the supply... but if one can get in this is a very good time for riding the wave on these counters... @guru - Stop conning folks... u can get all the shares you want in these liquid counters lakini u have to pay the price! You cant bid 5.70 for shares that have huge demand at 5.70 lakini u bid 5.75 or 5.80, etc... There are plenty of safcom shares available at 5.80 at the moment... maybe not in 4 weeks... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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@VVS i'm not conning anyone rather your the one misquoting me... if you read my earlier post i said it was hard to get into coop, mumias, and equity at the moment but i didnt mention anything about safcom... safcom is the easiest counter to enter on the market Mark 12:29
Deuteronomy 4:16
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Rank: Chief Joined: 1/3/2007 Posts: 18,134 Location: Nairobi
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@guru - LOL... u know I am pulling ur leg... The prices seem to be rising... BTW, KQ has started flights to Europe & will start flights to London today... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: New-farer Joined: 1/26/2010 Posts: 35 Location: nairobi
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when is kenya re announcing full results? Success is 20 percent skills and 80 percent strategy.
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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marketHEAD wrote:when is kenya re announcing full results? @marketHEAD they are just being slow... they should've announced on tuesday... Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 12/6/2008 Posts: 3,548
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KNRE is busy sorting out the scandals, in such cases it is possible loss of money was involved, you know mismanagement, poor decisions etc, maybe it will be a bad year for knre A New Kenya
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Rank: Elder Joined: 2/16/2007 Posts: 2,114
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On KNRE,
It looks like Mbogo wants to force the board to renew her contract?How will she relate with it if her case succeeds?
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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has any one seen equity's trade... damn... 10,963,000 shares... this market is racing in the months when it should start becoming quiet... Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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@Muchnow et all.
Kenya Re seems to be taking off from current demand. Destination is 18 plus. Instead of asking about date of results, accumulate now!
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Rank: Elder Joined: 12/6/2008 Posts: 3,548
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Pkoli, no thanks, am broke from last years buys, maybe in june/july or December if some prices fall, on Kenya re click on RUMOURS, its your call. A New Kenya
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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@MuchKnow,
Thanks. I am unable to open the link to RUMOURS, which is the source? Business daily? for which date?
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Rank: Elder Joined: 12/6/2008 Posts: 3,548
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Its online newsite called made in Afrika http://madeinafrika.info/index.php has some good business news on Africa A New Kenya
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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Rank: Veteran Joined: 2/10/2010 Posts: 1,001 Location: River Road
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guru267 wrote:has any one seen equity's trade... damn... 10,963,000 shares... this market is racing in the months when it should start becoming quiet... Guru, remember I told you on another thread that NSE has a trend of peak and dips in certain months of the year.
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Rank: Member Joined: 9/22/2008 Posts: 79
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i hv a feeling the volume spells something for equity,wanamwaga,they are collecting profits
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Rank: Chief Joined: 1/3/2007 Posts: 18,134 Location: Nairobi
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What's the deal with Kenya Re's monopoly in Kenya for re-insurance? Has it expired? 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 the monopoly is still on...the deal expires 2012...the results will be out on 28-04-2010...yall calm down there are no scandals here(kenre) but only profits...
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