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Stocks to touch....Post Kibaki Era
Rank: Elder You have been a member since:: 9/23/2010 Posts: 2,221 Location: Sundowner,Amboseli
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Granted, many investors, myself included made a living, if not a fortune from NSE during Kibaki's era. Even the bull, which ended in March 2015 began during Kibaki's tenure. Over the past few years, we have seen many investors get a proper shaving in gok stocks like Uchumi, KQ, Mumias, and sadly now.....KPLC. We are hoping simba doesnt catch this flu  In view of the above, and with the duo at the helm in mind, i would advise that going forward, until we see a change of guard(or that combination), that the following be of consideration when picking stocks: 1) A Strong partner who can veto managerial/board appointments eg vodafone in Safaricom, and recently I&M. (Please feel free to add the other quoted stocks at the NSE that meet this 2) Consistency in churning out profits and paying high dividends eg ,Bamburi, hesitant to mention banks for now..... (Please feel free to add the other quoted stocks iat the NSE that meet this Corporate governance/ethics is still a mirage in KE so pay keen attention to what i have stated above. For now, i only have safari and Bamburi in my shopping basket and i'm sleeping well at night @SufficientlyP
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Rank: Elder You have been a member since:: 9/23/2010 Posts: 2,221 Location: Sundowner,Amboseli
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I asked in the Elliot wave's thread whether the appointment of the KCB chair was based on merit or was political. Hopefully, anyone with info can share here. It would be sad if the stock that has been the darling of foreign investors over the last 4 or so years goes the way of other mismanaged Gok firms or even to its former state pre 2003. It will also help us know whether the bottom is in sight, or it's just getting warmed up. @SufficientlyP
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Rank: User Joined: 1/20/2014 Posts: 3,528
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Jubilee Insurance, strong fundamentals and I fully trust the management 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: 13,549 Location: nairobi
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KQ has KLM on its board and the said firm defended its rights with additional cash so the talk of AirFrance-KLM being at odds with foresight of KQ management is the kind of story that sells newspapers but is not hinged on any truth.. What happened at KQ as known by people in the know, is simply theft via the agent network orchestrated by the former CFO and CEO.. The loopholes are well sealed and H1 will bear me witness
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder You have been a member since:: 9/23/2010 Posts: 2,221 Location: Sundowner,Amboseli
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@Obiero, KQ meets criteria 1 but certainly not criteria 2 so it's a pass for me. @SufficientlyP
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Rank: Elder You have been a member since:: 9/23/2010 Posts: 2,221 Location: Sundowner,Amboseli
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Rank: Elder Joined: 6/23/2009 Posts: 13,549 Location: nairobi
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[quote=Sufficiently Philanga....thropic]The pain in gok firms is real  http://www.businessdaily...510-10lvsljz/index.html[/quote] Its true GoK firms are struggling but we must not forget about Atlas, HAFR, ARM, BRITAM, CABL, EXPR, KURW, TPSEA
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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Sufficiently Philanga....thropic wrote:I asked in the Elliot wave's thread whether the appointment of the KCB chair was based on merit or was political.
Hopefully, anyone with info can share here.
It would be sad if the stock that has been the darling of foreign investors over the last 4 or so years goes the way of other mismanaged Gok firms or even to its former state pre 2003.
It will also help us know whether the bottom is in sight, or it's just getting warmed up. On Kcb and most banks we have to wait till FY 2016 results to assess the correct position. That is if we can get there with no incidents. Notice the non-bank stocks that have posted good numbers since March 2015 are weathering the bear or even appreciating. The same favour hasn't been extended to the banksters. Even within the banking sector the beating is not evenly spread. The main purpose of the stock market is to make fools of as many people as possible.
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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The latter do not get support from Taxpayers. And they should not. KURW - Really? It's a non-entity. TPSEA - Quality management. Tough times but it will survive WITHOUT the need for Taxpayer funds. EXPRESS - Conmen. Add Olympia. And Merali's firms. ARM - It will be fine with the CDC (not Taxpayer) injection. CABL - Crooks aka TCL Atlas - Crooks. Or just bad luck. GoK needs to sell off its stake in all the parastatals OR become a passive shareholder. No bailouts. None. Let KQ go into bankruptcy. Same with Uchumi. Or Mumias. Or any of them. 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: 13,549 Location: nairobi
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VituVingiSana wrote:The latter do not get support from Taxpayers. And they should not. KURW - Really? It's a non-entity. TPSEA - Quality management. Tough times but it will survive WITHOUT the need for Taxpayer funds. EXPRESS - Conmen. Add Olympia. And Merali's firms. ARM - It will be fine with the CDC (not Taxpayer) injection. CABL - Crooks aka TCL Atlas - Crooks. Or just bad luck. GoK needs to sell off its stake in all the parastatals OR become a passive shareholder. No bailouts. None. Let KQ go into bankruptcy. Same with Uchumi. Or Mumias. Or any of them. KQ should have GoK in it.. African airlines cannot compete without government backing. Name one airline in Africa that isnt supported by its government. Some like @flyethiopian even have subsidized ticket prices!!! A fully private KQ will not compete and shall die in its first few months of operation. The bilateral air agreements are complex undertakings especially in Africa and KQ would not even have a quarter of its current routes was it not for political engineering by current and former presidents of Kenya
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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This has been my policy. I realised this immediately the new regime took over and posted as such. Ill dig up that thread. it was almost 3 years ago. agakhan controlled firms. check Stable international firms. eg stanchart, bamburi Firms with reputable owner managers (No questionable fishyness so far) eg Equity, I&M, FTGH. AND diversify if by bad lack you've picked one lemom The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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The bear has a way of spooking people. Watu waache kuogopa. The market will recover. Life is short. Live passionately.
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Rank: Veteran Joined: 11/13/2015 Posts: 1,596
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sparkly wrote:The bear has a way of spooking people. Watu waache kuogopa. The market will recover.
 Did you see how the bulls were chewed up? Yesterdays bargains are getting discounted. The govt is unlikely to start fiscal consolidation until 2018-2019 as the SGR has to go all the way to kisumu. By then the bear will be chewing your dry investment bones. Only go for cash rich firms with manageable debt exposure
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Rank: Elder You have been a member since:: 9/23/2010 Posts: 2,221 Location: Sundowner,Amboseli
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@aguy, your defensive strategy, though not good in a bull market is the way to go in this winter season. @Sparkly, pick your stocks wisely. Even in the 90s when Arap was PORK, people still made money. Question is what strategy worked then. @Wukan, i tend to agree with you somewhat. PORK's hands are tied. Should he decide to go expansionary as a jump starting econ tool, USD bulls will run him out of town and he still has these USD2B Eurobond and SGR USD loan repayments to make. Plus he has the other side of the 'coalition' to feed @SufficientlyP
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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Aguytrying wrote:This has been my policy. I realised this immediately the new regime took over and posted as such. Ill dig up that thread. it was almost 3 years ago.
agakhan controlled firms. check
Stable international firms. eg stanchart, bamburi
Firms with reputable owner managers (No questionable fishyness so far) eg Equity, I&M, FTGH.
AND diversify if by bad lack you've picked one lemom Stop copying me! I regret not picking up Bamburi earlier. Great dividend with cash in the bank vs ARM. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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VituVingiSana wrote:Aguytrying wrote:This has been my policy. I realised this immediately the new regime took over and posted as such. Ill dig up that thread. it was almost 3 years ago.
agakhan controlled firms. check
Stable international firms. eg stanchart, bamburi
Firms with reputable owner managers (No questionable fishyness so far) eg Equity, I&M, FTGH.
AND diversify if by bad lack you've picked one lemom Stop copying me! I regret not picking up Bamburi earlier. Great dividend with cash in the bank vs ARM. ARM-was in financials doldrums the other day.A strategic investor has pumped in cash.I think this is wait and see. Stanchart-Was struggling with npls recently which ate massively into its profitability.They resorted to asset sales to improve their books. I can see barclays is trying to get a hold on SME,a step in the right direction.The downside is that we dont know who will buy barclays africa stake. Bamburi-is in my hit list.I could sell my stake in kcb and buy this one.But the sell price of kcb ni mbaya saa hii.So i will wait.If i get bamburi at 160,that will be a good entry point.Management is good and business is profitable. If you get Kapchorua,Nmg,Equity,safaricom,Bamburi,Eabl,nse,Unga,kenya re and kk,i think you will be home and dry.Just relax and leave your money to work for you. Towards the goal of financial freedom
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Ebenyo wrote:VituVingiSana wrote:Aguytrying wrote:This has been my policy. I realised this immediately the new regime took over and posted as such. Ill dig up that thread. it was almost 3 years ago.
agakhan controlled firms. check
Stable international firms. eg stanchart, bamburi
Firms with reputable owner managers (No questionable fishyness so far) eg Equity, I&M, FTGH.
AND diversify if by bad lack you've picked one lemom Stop copying me! I regret not picking up Bamburi earlier. Great dividend with cash in the bank vs ARM. ARM-was in financials doldrums the other day.A strategic investor has pumped in cash.I think this is wait and see. Stanchart-Was struggling with npls recently which ate massively into its profitability.They resorted to asset sales to improve their books. I can see barclays is trying to get a hold on SME,a step in the right direction.The downside is that we dont know who will buy barclays africa stake. Bamburi-is in my hit list.I could sell my stake in kcb and buy this one.But the sell price of kcb ni mbaya saa hii.So i will wait.If i get bamburi at 160,that will be a good entry point.Management is good and business is profitable. If you get Kapchorua,Nmg,Equity,safaricom,Bamburi,Eabl,nse,Unga,kenya re and kk,i think you will be home and dry.Just relax and leave your money to work for you. Safaricom and EABL are expensive. KCB has better upside than Bamburi IMO. Life is short. Live passionately.
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