Pg 19 today's (30.06.09) Daily Nation. EPS of 12.62 (P/E of less than 4) against loss of Kshs 9.91 in 2008. EPS attributable to operations is Kshs 14. Dividend of 8% at current price. This is a company to buy and hold. You may not realise its real value in the short term,but a day will come. Soft commodities will be coming into their own even in Kenya. This has already happened in places such as India. In common with other agricultural counters,there are risks to this company such as poor rains,appreciation of the Kenya shilling,increase in labour costs,cyclical trends (profitable one year and loss making the next) etc. A BIG risk is the state deciding to expropriate land owned by companies such as WTK or the locals demanding restitution for land grabbed by the colonialists. The counter is also very ILLIQUID. If you can live with these risks,this counter is a gem.
Opportunity calls but few respond.