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TEA LEAVES NSE
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mnunuzi
#1 Posted : Thursday, December 12, 2013 2:33:57 PM
Rank: New-farer


Joined: 11/15/2013
Posts: 34


Decided to read my 2014 tea leaves. They pointed to two shares trading below listing price. TCL & Home Afrika as current cheap picks at current prices. Everyone is trashing Home Afrika as being a bad buy which is (as a contrarian trader) is a good buy indicator for me from spot price and hopefully cheaper lower for more. Others my tea cup is citing as good buys are HFCK, KQ, KCB(above 55 target)and hunting around for a long-term insurance company buy, hoping they will pullback deeper for good buy. Watching CARBACID for short-term plays next year.

Avoiding Agricultural but looking at EAAGARDS and SASINI.

What do your tea leaves say?

HAPPY HUNTING
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guru267
#2 Posted : Thursday, December 12, 2013 5:56:43 PM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
As the Kenya shilling weakens against the dollar and the rainfall pours BUY AGRICULTURALS!
Mark 12:29
Deuteronomy 4:16
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DexLegend
#3 Posted : Friday, December 13, 2013 3:10:06 AM
Rank: New-farer


Joined: 11/13/2013
Posts: 10
@mnunuzi...interesting picks there.What i'm wondering is, how good is Home Afrika's management? Can't pull much info about themPray . I might get into a long-term position if this stock straightens out for once. Valuation is pretty attractive for the business smile
Listen Grasshopper...
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Aguytrying
#4 Posted : Saturday, December 14, 2013 7:47:53 AM
Rank: Elder


Joined: 7/11/2010
Posts: 5,040
DexLegend wrote:
@mnunuzi...interesting picks there.What i'm wondering is, how good is Home Afrika's management? Can't pull much info about themPray . I might get into a long-term position if this stock straightens out for once. Valuation is pretty attractive for the business smile


what's your valuation of Home Afrika?
The investor's chief problem - and even his worst enemy - is likely to be himself
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mwekez@ji
#5 Posted : Saturday, December 14, 2013 2:23:09 PM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
guru267 wrote:
As the Kenya shilling weakens against the dollar and the rainfall pours BUY AGRICULTURALS!


With a stable to strengthening Kes (likely coz of Euro Bond) and good rainfall, which agricultural counters are top pick
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dunkang
#6 Posted : Monday, December 16, 2013 3:15:57 AM
Rank: Elder


Joined: 6/2/2011
Posts: 4,818
Location: -1.2107, 36.8831
DexLegend wrote:
What i'm wondering is, how good is Home Afrika's management? Can't pull much info about themPray . I might get into a long-term position if this stock straightens out for once. Valuation is pretty attractive for the business smile

What valuation are you talking about?
Receive with simplicity everything that happens to you.” ― Rashi

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Candlesticks
#7 Posted : Monday, December 16, 2013 8:47:35 AM
Rank: New-farer


Joined: 12/16/2013
Posts: 49
Location: Nairobi
AQgriculturals are a good buy offcourse with the rain...Insuarance counters try Panafric. I have a hutch Sanlam will buy it in 2014. The valuation is also very good.
"'Nowadays people know the price of everything and the value of nothing.' - Oscar Wilde.
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Hisa Sita
#8 Posted : Monday, December 16, 2013 2:15:52 PM
Rank: Hello


Joined: 11/22/2013
Posts: 2
mnunuzi wrote:


Decided to read my 2014 tea leaves. They pointed to two shares trading below listing price. TCL & Home Afrika as current cheap picks at current prices. Everyone is trashing Home Afrika as being a bad buy which is (as a contrarian trader) is a good buy indicator for me from spot price and hopefully cheaper lower for more. Others my tea cup is citing as good buys are HFCK, KQ, KCB(above 55 target)and hunting around for a long-term insurance company buy, hoping they will pullback deeper for good buy. Watching CARBACID for short-term plays next year.

Avoiding Agricultural but looking at EAAGARDS and SASINI.

What do your tea leaves say?

HAPPY HUNTING


I am sipping on an afternoon special of infused cold tea. This is my reading though the colorful glass, HFCK, KCB, DTK, SAFCOM... two more to top the Hisa sita watchlist
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mchambuzi
#9 Posted : Monday, December 16, 2013 3:39:09 PM
Rank: New-farer


Joined: 11/17/2013
Posts: 80
Location: Juja
DexLegend wrote:
@mnunuzi...interesting picks there.What i'm wondering is, how good is Home Afrika's management? Can't pull much info about themPray . I might get into a long-term position if this stock straightens out for once. Valuation is pretty attractive for the business smile


The management is my opinion is fairly good, I have confidence in Lee. The only problem is that they don't have any real assets, but I am not really worried about. But the share has behaved typical of any IPO, diving immediately after listing.
On a long enough timeline, the life expectancy of everyone drops to zero.
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