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Is Co-Op good for Long term. If not which is?
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rogersha82
#1 Posted : Tuesday, October 19, 2010 10:58:21 AM
Rank: New-farer

Joined: 5/26/2010
Posts: 13
Location: Nairobi
Hello great investors. I'm roger a University student seeking to start off my first real stok trading. I've saved up 20k and was wondering what stock to invest in probably for long term sake. A friend had tipped me on Co-Op. If it were you what would you invest in. . . Advice please Thanx
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whynow
#2 Posted : Tuesday, October 19, 2010 11:07:54 AM
Rank: New-farer

Joined: 7/19/2010
Posts: 98
Location: Kenya
This is a quick reply. Yes. Why? Look are their website and read or leand the last qII presentation plus the trend of this stock price since Jan.
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Sober
#3 Posted : Tuesday, October 19, 2010 11:14:49 AM
Rank: Elder

Joined: 11/27/2007
Posts: 3,604
buy today. i just jumped in at 19.20 KES per share. the future is bright.
with the Stock market there is no sittting back and gauging because fundamentals change and by the time we make decision it's not viable.
just a concern, how long is your long term?
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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sheep
#4 Posted : Tuesday, October 19, 2010 11:27:36 AM
Rank: Veteran

Joined: 7/24/2008
Posts: 781
guys do you know longterm is at least 20yrs! which shares will be going strong 20 yrs to come? of course bluechips like EABL,BAT(but at the current levels you will be overpaying)

Most of the other stocks is any ones guess...they have no moat and subject to drastic change of conditions.
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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rogersha82
#5 Posted : Tuesday, October 19, 2010 1:30:10 PM
Rank: New-farer

Joined: 5/26/2010
Posts: 13
Location: Nairobi
Sober wrote:
buy today. i just jumped in at 19.20 KES per share. the future is bright.
with the Stock market there is no sittting back and gauging because fundamentals change and by the time we make decision it's not viable.
just a concern, how long is your long term?

Let the money grow. I'm not in a hurry for return. Plus long-term is the advise i got
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the deal
#6 Posted : Tuesday, October 19, 2010 1:37:20 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
@roger for a start Coop aint bad...its low beta also...the cooperative movemnt(strong moat) is strong in Kenya...the only draw back is the high PE but since u r going long term n new to this game u cant go wrong on Coop...
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Sober
#7 Posted : Tuesday, October 19, 2010 4:03:47 PM
Rank: Elder

Joined: 11/27/2007
Posts: 3,604
rogersha82 wrote:
Sober wrote:
buy today. i just jumped in at 19.20 KES per share. the future is bright.
with the Stock market there is no sittting back and gauging because fundamentals change and by the time we make decision it's not viable.
just a concern, how long is your long term?

Let the money grow. I'm not in a hurry for return. Plus long-term is the advise i got



come to the stock market with that mentality, but i can assure you one year down the line you will be having different strategies for the various counters depending on your risk appetite. there are no stone-cast laws here.
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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PKoli
#8 Posted : Tuesday, October 19, 2010 5:13:24 PM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
rogersha82 wrote:
Hello great investors. I'm roger a University student seeking to start off my first real stok trading. I've saved up 20k and was wondering what stock to invest in probably for long term sake. A friend had tipped me on Co-Op. If it were you what would you invest in. . . Advice please Thanx


Roger, I would have wished that being your first investment, that you put your money in an industrial company whose growth is in tandem with the economy. That way you will be assured of steady growth and not get stressed with large swings during the bearish markets. I would therefore suggest that you buy KPLC ex rights or KenGen
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  | | Edit by user: Tuesday, October 19, 2010 5:22 PM | Reason: Not specified
sparkly
#9 Posted : Tuesday, October 19, 2010 9:37:20 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
@roger why dont you buy centum. You buy into a portifolio of profitable listed and unlisted firms, property, joint ventures. Btw centum is exempt from corp tax so the shareholder keeps the 30% that would have gone to the taxman. Besides the share is fairly priced.
Life is short. Live passionately.
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guru267
#10 Posted : Wednesday, October 20, 2010 5:42:44 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
co-op is a great bank with great future prospects and will likely get my proceeds when i sell KCB thats if it is still under 20bob...

But if you're dealing with like 500k diversify into KK or kakuzi
Mark 12:29
Deuteronomy 4:16
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