@Liv,

I found the valuation of 44 very credible,based on fundamentals and I placed an order immediately.

The Company may take some time to get to that level for several reasons;

(1) There are far too many shares that are in the hands of retail investors. Retail investors keep on cashing out every time the stock price approaches 34-35.

(2) I believe that speculators have also identified Kengen as one of their favorite stocks.

To achieve the target of 44,we need long term and institutional investors to continue their interest in the share and mopping up shares from the retailers.

Thanks Liv,I owe u a reddy kilowatt hour




Citius altius fortius !

Thanks Sisi,

I think the big guns are mopping... today almost 1.3 mln shares sold and the price went up by more than 2%.

@miser..prepare to have ur capital held up.. @liv...befor Safcom's listin,stocks that consistently had large daily volume turnover included in order of biggest trade volumes..kengen,Mumias,KCB..averagin between 900000 shares and 1.5million shares a day...slightly under 800k are access,kenya re,cmc n kq. So don't be wowed by volumes. If u r fundamentally interested in this counter..just buy..u don't need to look at it daily.. Otherwise..remember complaints we had with kengen 6months post ipo that it had promise an extra sh1.20 per kilowat rise in tarif charge to kplc....that was late rescinded after so much foul cry by kplc n politicians? Well..finally we got it..though not sure how much is tricklin down to kengen. Note also kimunya's reason for not doin the second public offer..that the market does not reflect true value of the stock. The biggest hindrance to growth in share value is dilution..thro splits,bonuses n rights...let alon a massive offload as anticipated by th Treasury! Unless...i repeat,unless the government changes the method by which it wishes to thin out its holdin on kengen...chances of THE MARKET REFLECTING THE VALUE OF sh44???..ARE LARGELY LIMITED.. Why is no one seein this? That said. Its a very good hedge stock.. Especially in uncertainty like Safcom has caused..n cooperative will repeat. I don't think people on this site daily are considerable as LONG TERM investor..am talkin at least 3years..simply because if some stock u might be holdin for last two years was blasted here today u'd sell off! By kengen and log off sk!.....permanently!

'I have heard of You,O Lord. Now mine eyes have seen thee! Baal Perazim..the Lord of the Breakthrough!'

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Time series analysis!