Wazua
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Bargains to buy from tomorrow???
Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Banks are crushing...i cant believe what i'm seeing.
KCB now 21.75
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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Mwanahisa. envious of your cash pile. Oh dear lord, i cant believe the deals im seeing with good fundamentals. Kcb at 21.50, kplc. 20.00. Equity 24.00! I will discipline myself to have a liquidity part of the portfolio for these times. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 3/2/2009 Posts: 26,331 Location: Masada
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Nina Furaha. Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Veteran Joined: 3/12/2010 Posts: 1,199 Location: Eastlander
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the deal wrote:Banks are crushing...i cant believe what i'm seeing.
KCB now 21.75 Dude... market has been on a retrace for over 8 weeks... financials remained unaffected bcoz of expectations..now there's nothing much to hedge them from following overall market trend.. Hakuna crush hapa.  ..Let your light so shine before men, that they may see your good works, and glorify your Father which is in heaven...Matt5:16
- 1769 Oxford King James Bible 'Authorized Version
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Rank: Elder Joined: 3/2/2009 Posts: 26,331 Location: Masada
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Disposed of my Kenya-Re pains at 14% loss,waiting to join Kengen/KPLC at the next "available" station. Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Veteran Joined: 5/24/2010 Posts: 846 Location: KENYA
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This is my idea. Contributions are welcome.
One,including myself, would rather sell ALL their holdings right now and take say a 20% loss. This is because this market has all the signs of tumbling further. After the market falls by say more than 30% in the next 2 or so months, one can buy SOME shares for companies which are have good dividends and bonuses eg KCB,NIC,DTB. At that time most of this stocks should be severely undervalued and will be bargains. At that time the 20% loss won't feel so bad as it will be more than recovered by subsequent capital gains,dividends and bonuses.
So off I go to take my substantial loss. The best of times lie ahead.
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Rank: Elder Joined: 6/2/2008 Posts: 1,438
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Sufficiently Philanga....thropic wrote:mwanahisa wrote:mwanahisa wrote:These prices are indeed very enticing. I am already dipping in cautiously as I had built up a cash pile.
Even with the downside risks, any share with a historical PE of less than 10, with a history of consistent profit growth and with a good dividend is a tolerable risk. KCB & KPLC here I come. My order for KPLC has been completed at 20.Having sold my rights at 24, I am happy to pick up the share at this level. Maybe I am jumping the gun but I believe in taking a risk. At 20 my shares are only 50 cents (plus commision) more expensive than the rights. And i great buy that was, certainly the best deal today. The stock, has since edged up and is on offer at 21, bids coming in at 20.75! @SPT, You never know whether it was a great buy until it actually clears (T+4). The verdict will be out on Thursday next week when I will be ready to sell.
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Rank: Elder Joined: 6/2/2008 Posts: 1,438
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The Merchant wrote:This is my idea. Contributions are welcome.
One,including myself, would rather sell ALL their holdings right now and take say a 20% loss. This is because this market has all the signs of tumbling further. After the market falls by say more than 30% in the next 2 or so months, one can buy SOME shares for companies which are have good dividends and bonuses eg KCB,NIC,DTB. At that time most of this stocks should be severely undervalued and will be bargains. At that time the 20% loss won't feel so bad as it will be more than recovered by subsequent capital gains,dividends and bonuses.
So off I go to take my substantial loss. The best of times lie ahead. Are things really that bad? It may feel that way, but I am inclined to go against the grain. We all knew that the O6 were facing the PEV cases and yet share prices were stable/rising. In my view the main change are the events in the Middle East but shares in the West and other major markets, while volatile, have not fallen dramatically. Kenya's NSE has fallen disproportionately. This is when I love having Jubilee in my portfolio. I will probably come to rue this, but I have started buying cautiously and I will continue looking for the bargains over the next few days/weeks.
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Rank: Veteran Joined: 5/24/2010 Posts: 846 Location: KENYA
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mwanahisa wrote:The Merchant wrote:This is my idea. Contributions are welcome.
One,including myself, would rather sell ALL their holdings right now and take say a 20% loss. This is because this market has all the signs of tumbling further. After the market falls by say more than 30% in the next 2 or so months, one can buy SOME shares for companies which are have good dividends and bonuses eg KCB,NIC,DTB. At that time most of this stocks should be severely undervalued and will be bargains. At that time the 20% loss won't feel so bad as it will be more than recovered by subsequent capital gains,dividends and bonuses.
So off I go to take my substantial loss. The best of times lie ahead. Are things really that bad? It may feel that way, but I am inclined to go against the grain. We all knew that the O6 were facing the PEV cases and yet share prices were stable/rising. In my view the main change are the events in the Middle East but shares in the West and other major markets, while volatile, have not fallen dramatically. Kenya's NSE has fallen disproportionately. This is when I love having Jubilee in my portfolio. I will probably come to rue this, but I have started buying cautiously and I will continue looking for the bargains over the next few days/weeks. I think they are that bad.  Hold your cash for now.
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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The biggest challenge is to know when the market will bottom out....@Hisah what are the charts saying?
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Bargains to buy from tomorrow???
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