stocksmaster wrote:mchawi wrote:
stocksmaster wrote:the deal wrote:KK has no element of suprise thus it wont rally unless they suprise us with an interim dividend the share will remain stuck below 10 bob.
The price rally that i forsee for the next 6 weeks will be based on investment logic, not surprise.
The projected profit of more than 50% proves that price controls had no damage to this company.....and thats what has been holding back investors. By End of July, i forsee a minimum of 25% capital gains on this share.
Happy hunting.
Since this posting, KK is up 10%. Going forward, the company is on track to post at least Ksh 2 EPS for 2011, which makes a target price of Ksh 18 (Forward P/E of 9)within the next 12 months feasible. This is a share that should at least trade in the Ksh 12-13 range once the half year results are released.
At current market stagnation (NSE 20 share index stuck at around 4000), KK ranks amongsts the few shares that have both a high potential for capital gains in both the short and long term and a generous dividend yield.
Happy Hunting.
The share price has maintained a slow upward movement with demand outweighing supply. Interestingly, the foreigners are the ones accumulating (last week as much as 86% of volume). A temporary price resistance at around Ksh 11.50 seems likely but it will be overcome before the results are announced in the third week of July.The price should stabilise at around Ksh 12 in the third week of July.
I still forsee a price range of Ksh 12-13 post half year results, and a Ksh 15-18 range in the next 12 months.
Happy hunting.
x handle: @stocksmaster79