guru267 wrote:
buy kenya re at these levels at your own risk!!!!
I plan to get in at 9.9bob
These are the some of the salient facts about Kenya Re.
As at 31.12.09,
1. NAV stood at Kshs 15.17;
2. EPS was at Kshs 2.21;
3. DPS - Kshs 0.50.
Sure it is a risk to buy KenRe at these prices given that Management appears rather weak and lacklustre and compulsory cessions will soon be coming to an end. In my view there is a very small chance of the price hitting 9.90 in the next 3 months.
With the above statistics, I think the downside is limited while 10-15% upside by early next year should not be too difficult to achieve.
If I could raise enough cheddar to buy about a million shares, I could become a price maker in the counter. Sadly I can't do it at the moment.