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EAPCC buy buy!!!!
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gesowan
#1 Posted : Wednesday, October 31, 2012 7:56:02 PM
Rank: Member

Joined: 11/6/2010
Posts: 289
i have just received an opinion from my broker that its time i buy into East African Portland Cement eti @ 32 its a buy buy buy
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S.Mutaga III
#2 Posted : Wednesday, October 31, 2012 7:59:05 PM
Rank: Member

Joined: 3/26/2012
Posts: 830
gesowan wrote:
i have just received an opinion from my broker that its time i buy into East African Portland Cement eti @ 32 its a buy buy buy

what reasons did he or she sight for you so as to rate it as a buy???
A successful man is not he who gets the best, it is he who makes the best from what he gets.
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obiero
#3 Posted : Wednesday, October 31, 2012 7:59:42 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,249
Location: nairobi
ua broker is on cheap drugs. the firm has systematic and political problems that will take some time to resolve. buyin now will tie up your capital needlessly. but it does look cheap at 32.. though that may not be its bottom
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mwekez@ji
#4 Posted : Wednesday, October 31, 2012 8:00:00 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
Which broker? share with us the report on wazua@googlegroups.com cc 2mwekezaji@gmail.com
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mlennyma
#5 Posted : Wednesday, October 31, 2012 8:08:07 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
This share used live over 100bob so at 32 i would consider it discounted,the problem is management woes which are far from over.
"Don't let the fear of losing be greater than the excitement of winning."
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mwekez@ji
#6 Posted : Wednesday, October 31, 2012 8:31:33 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
East African Portland is a near perfect Example of the Bifurcation we are seeing at the Nairobi Securities Exchange between Companies that are not making the Cut and those that are and you just need to compare Portland with Bamburi Cement and Athi River Mining to see that in Bifurcation in Action (Rich, very true)
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mwekez@ji
#7 Posted : Wednesday, October 31, 2012 8:41:17 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
mlennyma wrote:
This share used live over 100bob so at 32 i would consider it discounted,the problem is management woes which are far from over.


Booming industry, lagging company #Bifurcation. all coz of management. ... KES 32 on a 40% drop could be a play, but the 500 shares trade is too tiny
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gesowan
#8 Posted : Wednesday, October 31, 2012 9:03:10 PM
Rank: Member

Joined: 11/6/2010
Posts: 289
mwekez@ji wrote:
Which broker? share with us the report on wazua@googlegroups.com cc 2mwekezaji@gmail.com

let me remain professional but this is what they wrote to me
"We have a buy recommendation on the company. Our twelve month target price is at Ksh 80. We expect the company to make profits as the loss was due to labor issues that have since been settled.The company has a huge asset base and a huge track of land.The loan with Japan is yen denominated and the company is repaying it,there is a building boom in kenya providing the company with new growth opportunities. Good long term buy.
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Aguytrying
#9 Posted : Wednesday, October 31, 2012 9:06:56 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
mwekez@ji wrote:
mlennyma wrote:
This share used live over 100bob so at 32 i would consider it discounted,the problem is management woes which are far from over.


Booming industry, lagging company #Bifurcation. all coz of management. ... KES 32 on a 40% drop could be a play, but the 500 shares trade is too tiny


I would only consider it a play for liquidation in bankrupcy (but GOK is there.....) if the market price is way below the book value.
The investor's chief problem - and even his worst enemy - is likely to be himself
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mwekez@ji
#10 Posted : Wednesday, October 31, 2012 9:23:47 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
Aguytrying wrote:
mwekez@ji wrote:
mlennyma wrote:
This share used live over 100bob so at 32 i would consider it discounted,the problem is management woes which are far from over.


Booming industry, lagging company #Bifurcation. all coz of management. ... KES 32 on a 40% drop could be a play, but the 500 shares trade is too tiny


I would only consider it a play for liquidation in bankrupcy (but GOK is there.....) if the market price is way below the book value.


The book value is KES 53.77 Vs todays price of KES 32.00. ... but true that, this cant go into liquidation though the assets are notably valuable. Lafarge holding in this counter is damned by GOK
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