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PLAYING THE MARKET-2011 RESOLUTION
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VituVingiSana
#131 Posted : Thursday, June 30, 2011 6:36:53 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
stocksmaster wrote:
@ VVS - can a company issue bonus shares in the middle of a financial year???
Yes, but requires an EGM to approve it before it can be distributed. Rarely done due to costs associated with an EGM vs when combined into an AGM.

KK does 'cheap' AGMs so it is possible BUT I doubt KK will do so mid-year coz distracting.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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invest0r
#132 Posted : Sunday, July 03, 2011 10:08:01 AM
Rank: Member

Joined: 12/15/2010
Posts: 162
stocksmaster wrote:


...

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%


COMMENTARY
The 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.



CONGRATULATION

When you offload DTBK, should we expect your next strategic move to be KK. You have continuously rated it as a buy even at 15
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holycow
#133 Posted : Tuesday, July 26, 2011 8:57:12 PM
Rank: Veteran

Joined: 11/11/2006
Posts: 972
Location: Home
I just had to revive this thread after Kenol/Kobil pulled a nice one. This thread is tops.
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SAC Cohen
#134 Posted : Thursday, September 29, 2011 12:07:55 PM
Rank: Member

Joined: 1/3/2011
Posts: 129
Location: Nairobi
Stocksmaster,
any new updates so far?
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stocksmaster
#135 Posted : Thursday, September 29, 2011 2:26:29 PM
Rank: Member

Joined: 9/26/2006
Posts: 463
Location: CENTRAL PROVINCE
SAC Cohen wrote:
Stocksmaster,
any new updates so far?


@ SAC Cohen: Update on Friday 30th (End of Quarter 3)

Happy Hunting
x handle: @stocksmaster79
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SAC Cohen
#136 Posted : Thursday, September 29, 2011 2:34:43 PM
Rank: Member

Joined: 1/3/2011
Posts: 129
Location: Nairobi
stocksmaster wrote:
SAC Cohen wrote:
Stocksmaster,
any new updates so far?


@ SAC Cohen: Update on Friday 30th (End of Quarter 3)

Happy Hunting


Khul beanz.

One.
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stocksmaster
#137 Posted : Saturday, October 01, 2011 6:03:33 PM
Rank: Member

Joined: 9/26/2006
Posts: 463
Location: CENTRAL PROVINCE
END OF Q3 REPORT

SHAREHOLDING AS AT 30TH SEPT 2011
DTBK = 5040 Shares @ Ksh 96.50 = Ksh 486,360
KK = 45,000 Shares @ Ksh 9.80 = Ksh 441,000

Total Gross Value of Shareholding =Ksh 927,360
Less 1.82% transaction fee on disposal = Ksh 16,877

Net Value of Shareholding = Ksh 910,483...A

Cash in Hand as at Half year = Ksh 133,800
Add Dividends from KK = KSH 0.57x45,000 shares x 0.95 = Ksh 24,368
Cash in Hand as at 30th Sept 2011: Ksh 158,168.....B

NET VALUE OF SHARES AND CASH (A+B) : KSH 1,068,651

Opening Value of Shares and Cash as at 1st Jan 2011: Ksh 1,107,078
Net Loss as at Q3 = Ksh 1,068,651 - 1,107,078
= Ksh 38,428
Percentage loss Year to date = 3.47%

COMMENTARY

My shareholding value YTD has dropped to a net loss position of 3.47%. This is minimal compared to the overall NSE 20 Share Index fall of 25.9% YTD.

I am very impressed at the dividend returns that i have got this year from KK which i anticipate will get even better in the next 12 months.

The market looks destined to continue its downward trajectory with a likely base being achieved prior to elections at the 2300 - 2500 range.

I intend to purchase more KK if it dips below Ksh 9 as it remains the most undervalued share on the NSE (apart from some Agriculturals which however are poor dividend payers). At a price of Ksh 9 and below, the share will be approaching dividend yields of upto 12%.

In Feb 2014,KK will probably be trading at an EPS of > Ksh 4 and a dividend payment approaching Ksh 2. By then, the price should be approaching Ksh 40.

Happy hunting.


x handle: @stocksmaster79
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sparkly
#138 Posted : Saturday, October 01, 2011 6:30:03 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
@SM seeing that your portifolio has lost marginally and there will be alot of shares with upside potential once the bear subsides, are you selling your DTB to preserve capital. IMO dtb has more downside than upside for now.
Life is short. Live passionately.
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QW25081985
#139 Posted : Saturday, October 01, 2011 6:42:05 PM
Rank: User

Joined: 8/29/2011
Posts: 1,045
Location: Mtaani
@ stockmaster . please buy access kenya ..lol ..with "doubling" of profits on the way and a book value of 5.28 its a share to watch...

but i think you cld have done better. say you bought kplc right and sold at 22 . that would be a >20% increase
then maybe you bought Uchumi when it hit lows of 9.50 when it re-listed and sold at 12.00 peak that would be a plus 25% return if anmt wrong ..
Then also buying kenolkobil ( or in this case adding to it more at 9.5-0 before they announced the good results) and sold at the peak of 12.00

But i guess you arent a trader but more of an investor .

There are still many bargains currently.

Na mvuva iiendele kunyesha .................lol . since thats what our cbk is waiting for also..
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guru267
#140 Posted : Sunday, October 02, 2011 4:31:28 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
stocksmaster wrote:

I intend to purchase more KK if it dips below Ksh 9 as it remains the most undervalued share on the NSE (apart from some Agriculturals which however are poor dividend payers). At a price of Ksh 9 and below, the share will be approaching dividend yields of upto 12%.



@stocksmaster
Williamson paid 15bob DPS.. At 180bob thats a 8.33% trailing dividend yield..

kapchorua paid 8.75bob DPS.. At 97bob thats a 9% trailing dividend yield...

with where the kshs and tea prices are headed, there is definitely no cheaper counter than these two on the whole NSE...
Mark 12:29
Deuteronomy 4:16
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