stocksmaster wrote:END OF FOUR MONTHS REPORT
Opening Position as at 1st January 2011: Cash + Net Share Value = Ksh 1,107,078
As at End of April 2011:
Value of Shareholding:
4200 DTBK @ Ksh 144 = Ksh 604,800...........A
45,000 KenolKobil @ 9.95 = Ksh 447,750......B
Gross Value of Shareholding(A+B)= Ksh 1,052,550
Less 1.82% Transaction fee on disposal = Ksh 19,156
Net Value of Shareholding=Ksh 1,033,394...........C
Cash in Hand after Last Transaction =Ksh 105,186..D
Total Value of Shareholding + Cash (C+D)as at End of April 2011 = Ksh 1138580
Net Gain in Value for the four months =Ksh 1,138,580 - Ksh 1,107,078 = Ksh 31,502
% Change in Value = + 2.85%
Expected Short term gains within the next 2 Months:
1. Cash Dividends from KenolKobil: Ksh 0.52 X 45,000 X 0.95 = Ksh 22,230
2. Cash Dividends from DTBK: Ksh 1.60 X 4,200 X 0.95 = Ksh 6,384
3. Bonus Shares from DTBK: @ 1:5 = 840 DTBK Shares
COMMENTARY
The first four months of 2011 have seen the NSE 20 share index go down by 9.1% (Compared with my marginal gain of 2.85%).
The market seems to have found some base at the 4,000 NSE level. It will be interesting to see which direction wether North or South it follows from here.
With 1st Quarter results starting to trickle in, positive bank results may tilt the push Northwards.
My current share portfolio has preserved my capital well but i will soon be reassessing it to capitalise on any emerging opportunities and/or utilising the cash available.
Happy hunting.
HALF YEAR 2011 REPORT The end of trading today marks the end of the 1st Half 2011.
Opening Position as at 1st January 2011: Cash + Net Share Value =
Ksh 1,107,078As at End of JUNE 2011:Value of Shareholding:
5040 DTBK @ Ksh 120= Ksh 604,800...........A
NB: Received 840 DTBK Bonus shares45,000 KenolKobil @ 11.50 = Ksh 517,500......B
Gross Value of Shareholding(A+B)= Ksh 1,122,300
Less 1.82% Transaction fee on disposal = Ksh 20,426
Net Value of Shareholding=Ksh 1,101,874...........C
Cash in Hand after Last Transaction =Ksh 105,186
Add: Cash received as dividends - DTBK: Ksh 6,384
- KK: Ksh 22,230
Total Cash in hand: Ksh 133,800...................D
Total Value of Shareholding + Cash (C+D)as at End of June 2011 = Ksh 1,235,674 Net Gain in Value for the six months =Ksh 1,235,674 - Ksh 1,107,078 = Ksh 128,596
% Change in Value = + 11.62 %Six months performance of NSE 20 Share Index =
- 10.5%COMMENTARYThe first six months of 2011 have seen the NSE 20 share index go down by 10.5 % (Compared with my gain of 11.62%).
The market seems to have stagnated at the 3950 - 4000 level, i situation i forsee persisting for the remainder of the year.
Kenol Kobil has been the star of my speculative stocks. Currently trading at Ksh 11.50, i still rank it as a Buy factoring in a + 50% half year performance and a projected Ksh 2 EPS for 2011. This makes my target of Ksh 20 in the 1st Quarter 2013 feasible.
The company did announce that part of the reason for increasing the number of issued shares was to increase the trading of its shares apart from the ESOP. This smells of a bonus issue (i suspect a 1:10 issue at the end of year.....@ VVS - can a company issue bonus shares in the middle of a financial year??).
The other speculative play (DTBK) has had No capital appreciation in the last two months and will soon ofload it for a more strategic purchase.
Happy hunting.
x handle: @stocksmaster79