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KCB - Shares
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PKoli
#41 Posted : Tuesday, September 28, 2010 8:20:38 PM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
Today we averaged 20 and there is still huge demand. Like someone said a while ago, 26% return is a possibility. Upward correction for KCB is imminent
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mwanahisa
#42 Posted : Tuesday, September 28, 2010 8:24:12 PM
Rank: Elder

Joined: 6/2/2008
Posts: 1,438
Surealligator wrote:
youcan'tstopusnow wrote:
guru, I think many NSE investors don't really follow up on a company's activities. They usually wait for the announcement of results. I believe that is why you don't see rallies in some counters even after great news.If it remains stagnant then it should be an opportunity to load up more. (maybe from Unga if all doesn't go wellSad)


@YCSUK

I don't know if many investors share the same situation with me. When KCB rights were done, I marshaled all cash I could get so that I could get maximum rights although I was only guaranteed 10,000 after buying the premium rights.

Serena comes along and I have no cash. Never thought there would be untaken rights in Serena. However, those who pumped their cash in KCB and or Serena had another challenge, SCBK rights. Now, we have 5billion HFCK bond. Add the total and you see where local money is being channeled in the last four months or so. When the dust settles, KCB will easily glide to 25 shillings, swing abit with kina Equity, HFCK, & ICDC in price range before settling at 20 something. By end of next year, KCB will be above 30 shillings Kenya money.


@Surealligator, I similarly considered buying KCB shares cum-rights in order to get the rights. I however decided against this, given the size of the offer and sentiments expressed by many.

Instead, I applied for many more rights than I was entitled to. Hence my average price is just a shade above Kshs 17.
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sparkly
#43 Posted : Tuesday, September 28, 2010 8:49:02 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
guru267 wrote:
obiero wrote:
only pkoli knew what he was talking about all along!

@obiero why do you say only @pkoli....

@pkoli was entitled to rights meaning he bought the share at cum rights when it was trading at above 21 if he averaged down with the rights he's average buy is about 19.75....

I got in ex rights at 18.10-18.50 so i guess i'm in a better position than he is


Huyu obiero amelalia sana, I also got in at between 17.75 and 19.

Sadly the price is not staying depressed long enough for me to mobilise more funds.

I would commit 40% of my portifolio to KCB sub-20 without blinking.
Life is short. Live passionately.
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obiero
#44 Posted : Tuesday, September 28, 2010 10:50:55 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,227
Location: nairobi
pkoli alitukanwa sana hapa hapa kwa wazua alipokuwa akisema hisa za KCB ni za maana na zitapanda kwa kasi. Nitatafuta hayo majadiliano niyapachike, ndio mkimye!
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VituVingiSana
#45 Posted : Tuesday, September 28, 2010 11:05:09 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,351
Location: Nairobi
sparkly wrote:

I would commit 40% of my portifolio to KCB sub-20 without blinking.
Why say you would? JUST DO IT
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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sparkly
#46 Posted : Wednesday, September 29, 2010 12:53:42 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
VituVingiSana wrote:
sparkly wrote:

I would commit 40% of my portifolio to KCB sub-20 without blinking.
Why say you would? JUST DO IT

loan me some money, yes?
Life is short. Live passionately.
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mlennyma
#47 Posted : Wednesday, September 29, 2010 12:57:16 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
3bob is good for some profit lock up,am assuming if you have 50,000 shares acquired by rights and you didnt pay brockrage commision,150k for a month or 2 isnt bad.we might see some stagnation if guys think like me.
"Don't let the fear of losing be greater than the excitement of winning."
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VituVingiSana
#48 Posted : Wednesday, September 29, 2010 1:08:13 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,351
Location: Nairobi
sparkly wrote:
VituVingiSana wrote:
sparkly wrote:

I would commit 40% of my portifolio to KCB sub-20 without blinking.
Why say you would? JUST DO IT

loan me some money, yes?
Use your existing assets! Or leverage using bank loans coz some specialize...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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mwanahisa
#49 Posted : Wednesday, September 29, 2010 8:58:19 AM
Rank: Elder

Joined: 6/2/2008
Posts: 1,438
@VVS. I like your idea of leverage. I admit it is risky but there are times when you have a compelling investment case. However, most banks insist on freezing your shares if you use them as collateral. This reduces flexibility big time.

Do you or does anyone else here know of any bank that has a more flexible arrangement?
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mwanahisa
#50 Posted : Wednesday, September 29, 2010 9:06:55 AM
Rank: Elder

Joined: 6/2/2008
Posts: 1,438
mlennyma wrote:
3bob is good for some profit lock up,am assuming if you have 50,000 shares acquired by rights and you didnt pay brockrage commision,150k for a month or 2 isnt bad.we might see some stagnation if guys think like me.


@mlennyma, a classic investment blunder is to sell rising counters too early. I have made these blunders too many times in the past that I have lost count. I am a lot more patient these days.

@20, KCB still presents compelling value by any metric. Remember, prior to the rights announcement, it was trading comfortably at 23. Sure there may be some profit taking, but WHEN the 3rd qtr shows some nice trajectory in growth, this price will continue going up. KCB moves quite slowly, but we shall surely get to the 23-25 level by early next year, if not earlier.
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