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Dissapointing results from Industrials!!!
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guru267
#1 Posted : Thursday, October 14, 2010 12:47:50 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Most industrials have been reporting full year results ended june 2010 and i must say they're not that impressive

MSC: PAT down 3%
Unga: PAT up 40% (market was expecting 100%+)
Kengen: PAT down 5%
KPLC: Restructuring not as good as expected.


With this in light I hope financials can reverse the trend with their Q3 results so i can make serious cheese!!!
Mark 12:29
Deuteronomy 4:16
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youcan'tstopusnow
#2 Posted : Thursday, October 14, 2010 1:18:50 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
The banking sector won't let us down. I hope.
GOD BLESS YOUR LIFE
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Gordon Gekko
#3 Posted : Thursday, October 14, 2010 5:05:07 PM
Rank: Elder

Joined: 5/27/2008
Posts: 3,760
Financials wouldn't disappoint. I see my quiet favourite NIC gaining slowly and steadily (49 today). Of course Jubilee will be jackpot and KCB will be decent even without spectacular results. SCB, what can I say? Dumped all my shareholding there at sh 300 except a minimal 200 which I used for the extra rights request. Even if I don't get the extra rights asked for, I can still get back in at 250....I love this game.
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Aguytrying
#4 Posted : Thursday, October 14, 2010 5:29:17 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
Yeah financials all the way. Still have mumias scars. Its really financials right now, but so damn hard to get a sweet entry. Nic, dtk. Cant get in, getting frustrated. To me entry point is so important, Ive been burned before, tis why.
The investor's chief problem - and even his worst enemy - is likely to be himself
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Aguytrying
#5 Posted : Thursday, October 14, 2010 5:32:04 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
In case i miss these two buses, whats the buzz with jubilee?
The investor's chief problem - and even his worst enemy - is likely to be himself
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guru267
#6 Posted : Thursday, October 14, 2010 8:02:57 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Aguytrying wrote:
In case i miss these two buses, whats the buzz with jubilee?


Jubilee will not disappoint in its financials but it might not be an income stock because of its low dividends...

With good dividends this stock would be 400bob...

but in its current state i'd say its worth about 250 which is a 30% return from where it currently is
Mark 12:29
Deuteronomy 4:16
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young
#7 Posted : Thursday, October 14, 2010 8:12:19 PM
Rank: Elder

Joined: 6/20/2007
Posts: 2,074
Location: Lagos, Nigeria

For long term investors, however attractive financials are, balance it up with industrial and or other sectors.
Financials should not be more than 50% for an ideal portfolio, from long term perspective.
NSE just like other African markets are cyclical.
The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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sparkly
#8 Posted : Thursday, October 14, 2010 8:38:11 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
guru267 wrote:
Aguytrying wrote:
In case i miss these two buses, whats the buzz with jubilee?


Jubilee will not disappoint in its financials but it might not be an income stock because of its low dividends...

With good dividends this stock would be 400bob...

but in its current state i'd say its worth about 250 which is a 30% return from where it currently is

when stocks are going up no one thinks they will come done.@guru then you will say its worth 500, 600 etc
Life is short. Live passionately.
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guru267
#9 Posted : Thursday, October 14, 2010 8:56:41 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
sparkly wrote:
guru267 wrote:
Aguytrying wrote:
In case i miss these two buses, whats the buzz with jubilee?


Jubilee will not disappoint in its financials but it might not be an income stock because of its low dividends...

With good dividends this stock would be 400bob...

but in its current state i'd say its worth about 250 which is a 30% return from where it currently is

when stocks are going up no one thinks they will come done.@guru then you will say its worth 500, 600 etc


@sparkly JHL posted 69% increase in H1 profits most of it realised from the NSE.. and the way things are going for the NSE towards year end i wonder what they'll announce for FY2010...

Even a 50% increase will drive EPS to 24 and with its normal P/E at 10.5 the stock will trade at 250... a good dividend and we're at 400
Mark 12:29
Deuteronomy 4:16
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PKoli
#10 Posted : Thursday, October 14, 2010 9:12:48 PM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
young wrote:

For long term investors, however attractive financials are, balance it up with industrial and or other sectors.
Financials should not be more than 50% for an ideal portfolio, from long term perspective.
NSE just like other African markets are cyclical.


Mzee Young,

Thanks for your point well put. I sometimes forget and find myself in financials. I have a feeling than when the NSE has to go down it behaves like 'mtego wa panya - hubeba wa waliyomo na wasiyokuwemo' ( 'a trap for the rats - will also attract others'). So when it goes down, it will pull industrials - only ARM is resillient)
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