guru267 wrote: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...
@ guru267: KK has paid a dividends of Ksh 0.52 + Ksh 0.57 = Ksh 1.09 in the last six months. At todays price of Ksh 9.40 , that is 11.6% (within six months).
However i agree with you on the agriculturals. They seem to be upping their dividend payments.
But i have always wondered why the likes of Williamson and Kapchorua are sitting on such huge loads of cash?
For example: Williamson, trading at a price of Ksh 185 has a Revenue Reserve of Ksh 440 per share! Of this, Ksh 108 is gains from biological assets (money tied to a tea leaf)while Ksh 332 looks like liquid cash for the Financial Year Ended 31st March 2011!
Is my assessment accurate?
Happy hunting.
x handle: @stocksmaster79