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KCB - Shares
Rank: New-farer Joined: 8/9/2010 Posts: 5
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Gentlemen & Ladies some ideas from you is KCB abuy ,sell or Hold?
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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Sabina wrote:Gentlemen & Ladies some ideas from you is KCB abuy ,sell or Hold? Its a buy below 19. Mark 12:29
Deuteronomy 4:16
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Rank: New-farer Joined: 8/9/2010 Posts: 5
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Its a buy below 19
Thank alot Elder, can one really get it at below 18 because at the moment its trading above 19
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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Sabina wrote:
Its a buy below 19
Thank alot Elder, can one really get it at below 18 because at the moment its trading above 19
@sabina i know its above 19 so maybe you should increase your risk and get in now or be patient.... But maybe you should get in because the market is becoming bullish Mark 12:29
Deuteronomy 4:16
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Rank: User Joined: 5/9/2010 Posts: 1,418 Location: Nai
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Kcb is a sell ,asin sell them to me i profit on ur behalf !! Your future depends on your dreams so go to sleep !
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Rank: Member Joined: 8/17/2010 Posts: 116
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Sabina wrote:
Its a buy below 19
Thank alot Elder, can one really get it at below 18 because at the moment its trading above 19
I got KCB @ 18.50 before two weeks ago. Below 19 is a good share.Wait for sometimes. May be people will rush for HFCK bond & you might get @19.
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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KIRTI wrote:Sabina wrote:
Its a buy below 19
Thank alot Elder, can one really get it at below 18 because at the moment its trading above 19
I got KCB @ 18.50 before two weeks ago. Below 19 is a good share.Wait for sometimes. May be people will rush for HFCK bond & you might get @19. I doubt we will see KCB below 19 any time soon. It is likely to be above 20 by end of this month and could hover around 24 by end of the year. You better get a few at current prices
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Rank: New-farer Joined: 3/30/2010 Posts: 15 Location: Nairobi
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We are neutral on KCB Ltd and recommend that investors look to HOLD their exposure to the stock based on our current valuation of the counter at Ksh.20.
Our view is further informed by the stock’s historical tendency to under-perform after a rights issue. We expect the following factors to influence the KCB share price going forward:
1. Significant Share overhang: After both the Government of Kenya (KCB’s single largest shareholder) and other institutional investors elected not to take up their rights on account of a combination of shareholder fatigue, regular equity based cash calls and disappointment with a business enhancement strategy which began 6 years ago, we believe this factor could represent as a much as 5% downside from current price levels.
2.Continuity in the government discount assigned to the stock by the market: the NSE has typically assigned a 36% discount to KCB relative to its peer group. We believe this will continue to be the case.
3.Weak relative performance: Our analytics suggest that KCB will continue to lag its peer group in terms of EPS growth going forward. Our forecast EPS growth of -5.4% due to a significant dilution remains at the tail end of our earnings growth league table for the banking sector...
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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Bodo wrote:
We are neutral on KCB Ltd and recommend that investors look to HOLD their exposure to the stock based on our current valuation of the counter at Ksh.20.
Our view is further informed by the stock’s historical tendency to under-perform after a rights issue. We expect the following factors to influence the KCB share price going forward:
1. Significant Share overhang: After both the Government of Kenya (KCB’s single largest shareholder) and other institutional investors elected not to take up their rights on account of a combination of shareholder fatigue, regular equity based cash calls and disappointment with a business enhancement strategy which began 6 years ago, we believe this factor could represent as a much as 5% downside from current price levels.
2.Continuity in the government discount assigned to the stock by the market: the NSE has typically assigned a 36% discount to KCB relative to its peer group. We believe this will continue to be the case.
3.Weak relative performance: Our analytics suggest that KCB will continue to lag its peer group in terms of EPS growth going forward. Our forecast EPS growth of -5.4% due to a significant dilution remains at the tail end of our earnings growth league table for the banking sector...
This is a load of broker crap and was compiled before the details of the use of the rights issue proceeds... As local brokers advise you sell foreigners are loading up... Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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@guru267
Absolutely correct. if anyone is waiting for KCB at below 19, you will have to wait for a very long time. It is smelling the 20s
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Bodo wrote:
We are neutral on KCB Ltd and recommend that investors look to HOLD their exposure to the stock based on our current valuation of the counter at Ksh.20.
Our view is further informed by the stock’s historical tendency to under-perform after a rights issue...
bla bla bla complete hogwosh. Those are the same brokers who will tell you to buy the same stock at 30 while its in full gallop Life is short. Live passionately.
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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sparkly wrote:Bodo wrote:
We are neutral on KCB Ltd and recommend that investors look to HOLD their exposure to the stock based on our current valuation of the counter at Ksh.20.
Our view is further informed by the stock’s historical tendency to under-perform after a rights issue...
bla bla bla complete hogwosh. Those are the same brokers who will tell you to buy the same stock at 30 while its in full gallop Yeah, they are using history of the stock to project its future. Imagine if the did so a few years ago with ARM, Equity, investors would have been mislead.
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Rank: Elder Joined: 5/27/2008 Posts: 3,760
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guru267 wrote:This is a load of broker crap and was compiled before the details of the use of the rights issue proceeds...
As local brokers advise you sell foreigners are loading up... Amen @guru, ni wewe tu. Say it like it is. The damn thing did 19.50 today
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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Me thinks that at 19.5 it is still a buy. We will soon cross 20 and will not look back
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Bodo wrote:the NSE has typically assigned a 36% discount to KCB relative to its peer group. Never thought I'd read such a statement from a report. They are looking at the past instead of focussing on the future. Which broker is this? But they don't really care whether you buy or sell. They still make the money! GOD BLESS YOUR LIFE
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Rank: Elder Joined: 11/7/2007 Posts: 2,182
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if you want to hold the stock 4 the next 2 yrs then buy otherwise. Its not a buy 4 me! LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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Rank: Elder Joined: 11/7/2007 Posts: 2,182
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In a world where the public buying and selling is not driven by sentiments, i think the quantity of kcb shares is there un-doing. Safcom does a 23bn and nothing happens. Kcb is on course 4 an 8bn profit end yr. But the shares are too many 4 any significant change in the short time. LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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kyt, Equity and COOP have more shares than KCB, rendering your arguement invalid GOD BLESS YOUR LIFE
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Rank: User Joined: 5/9/2010 Posts: 1,418 Location: Nai
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@ kty. Ur reasonin is pathetic. Do u know a term calld free float ? By the way sit on the sidelines and watch me do 26% on kcb in the comin weeks while u are still figurin out what free float is ! Your future depends on your dreams so go to sleep !
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Bodo, I see you work for Genghis Capital. Do you take Wazuan's views into any of your reports? GOD BLESS YOUR LIFE
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