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PLAYING THE MARKET-A NEW YEAR RESOLUTION
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sheep
#321 Posted : Friday, October 08, 2010 9:46:56 AM
Rank: Veteran

Joined: 7/24/2008
Posts: 781
speculation is necessary for most investors to dissipate excessive energies which left unchecked can ruin your overall performance...its just like scratching an itch.just dont let it be your main focus.
The utimate goal of investing is to buy low sell high;if we re-write this core equation in psychology terms it becomes buy fear sell greed.
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the deal
#322 Posted : Friday, October 08, 2010 1:14:54 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
@Stockmaster is the master of entry's n exits...never question this guy when he exits a counter...
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stocksmaster
#323 Posted : Thursday, October 14, 2010 12:16:52 PM
Rank: Member

Joined: 9/26/2006
Posts: 463
Location: CENTRAL PROVINCE
ACTIVITY 14: PURCHASE OF DIAMOND TRUST BANK 2000 SHARES @ KSH 118
DATE: 13/10/10

COST OF TRANSACTION=KSH 236,000
ADD 2% TRANSACTION COST = KSH 4700
TOTAL COST OF ACTIVITY 14 = KSH 240,700

RATIONALE OF PURCHASE
This counter has alot of upside potential if the half year results are used as a yard stick. Despite a poor dividend yield, the growth is fantastic. The Q3 results will paint a clearer picture but in the short term, a price of 145 (Trailing P/E of about 18 based on at least a 70% Y-O-Y growth for 2010)

I am still looking to increase my holding in DTB today although the supply of the share is constrained.

Happy hunting.
x handle: @stocksmaster79
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  | | Edit by user: Thursday, October 14, 2010 12:18 PM | Reason: error
stocksmaster
#324 Posted : Friday, October 15, 2010 12:15:28 AM
Rank: Member

Joined: 9/26/2006
Posts: 463
Location: CENTRAL PROVINCE
ACTIVITY 15: PURCHASE OF 2200 DTB SHARES AT KSH 119 PER SHARE.
DATE:14TH OCT. 2010

COST OF TRANSACTION:KSH 261,800
ADD 2% TRANSACTION COST: KSH 5200
TOTAL COST OF TRANSACTION:KSH 267,000

SUMMARY OF PORTFOLIO AFTER ACTIVITY 15:
4200 DTB SHARES
2111 SCBK SHARES
CASH IN HAND:KSH 5645

Supply of the DTBK shares today picked up and hence was able to pick up some more. As earlier stated, the bank should easily post 100% growth for the Q3 2010 compared to last years' Q3.

Happy hunting.
x handle: @stocksmaster79
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youcan'tstopusnow
#325 Posted : Friday, October 15, 2010 3:45:02 AM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
It is DTB that will eventually drive you past the inevitable mark of 100% return for the year
GOD BLESS YOUR LIFE
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Gatheuzi
#326 Posted : Friday, October 15, 2010 9:47:14 AM
Rank: Veteran

Joined: 8/16/2009
Posts: 994
@ Stocksmaster, Wao!! seems we are holding DTB together!!!

Kudos. The only difference between my porfolion and yours is that instead of SCB I have Equity. I see banks being the king this year. I will keep whatever I have till Mar next year when full year results are out. Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly
Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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bartum
#327 Posted : Friday, October 15, 2010 11:18:17 AM
Rank: Veteran

Joined: 8/11/2010
Posts: 1,011
Location: nairobi
Gatheuzi wrote:
@ Stocksmaster, Wao!! seems we are holding DTB together!!!

Kudos. The only difference between my porfolion and yours is that instead of SCB I have Equity. I see banks being the king this year. I will keep whatever I have till Mar next year when full year results are out. Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly

me too i have diamond and equity
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mwanahisa
#328 Posted : Friday, October 15, 2010 11:18:27 AM
Rank: Elder

Joined: 6/2/2008
Posts: 1,438
@Stockmaster. I am glad to see you have picked up DTB. I hold some in my long-term portfolio which I bought prior to their last rights issue.

So far I would say DTB has been a dissapointment in terms of share price growth relative to other counters that I have held during the same period.

This has not been to do with the performance of the bank which has been stellar. Somehow, NSE players have never really taken a liking for the counter.

As a matter of fact, I was thinking of exiting the counter. I hold too many banks in any case.

I was going to put in all proceeds from DTB into Jubilee until first half results came through with over 100% profit growth. For the moment I continue to hold it, but I will be surprised if the 100% profit growth is repeated in Q3. Please note that most of the increase in H1 came from bond trading.
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VituVingiSana
#329 Posted : Friday, October 15, 2010 11:46:41 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
DTB, Jubilee & TPSEA have great management... Nation is also OK but the newspapers' quality is lousy!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Iborian
#330 Posted : Friday, October 15, 2010 11:52:27 AM
Rank: Member

Joined: 4/17/2009
Posts: 194
As far as I am concerned Jubilee is the real gem. They have a stake in all the others and in a lot more.
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