We can now see that KCB appears to have been (is) the clear winner of the three stocks. I continue to place my faith in the lion, although I have changed my stance on KK following the release of results and the outlook statement. I am no longer buying KCB but I have been adding on to my position in KK. As for KPLC I have only gone in for some speculative pickings which I have since sold. However, I will be a buyer, should it get back to the 20 level, but again purely for speculation.
mwanahisa wrote:With the results KCB has released, I am happy to have added onto KCB making it the largest financial stock in my portfolio. What's even more interesting is that these results point to the fact that KCB is quite capable of increasing its EPS to Kshs 5 within the next 2-3 years given the inefficiences that are still so apparent. Can you imagine where that will take the KCB price to?
If BBK can make 10.8 billion PBT with a balance sheet of 172 B, it should be possible for KCB to make over 15 billion with its 251 B.
BTW, I also hold KK but have not added any for a while. I sold off all my Kshs 19.50 KPLC rights a while ago and walked away with 20% gains. I am not convinced that KPLC will move much until the rights story becomes a distant memory just like happened with KCB. There is always the possibility that KK will surprise us BIG one of these fine days, but with the oil price moving all over the place, the uncertainty on this is higher. This leaves me with the conclusion that if I had to choose just one of the 3, I would stick with KCB.