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Bargains to buy from tomorrow???
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symbols
#311 Posted : Saturday, April 27, 2013 7:40:02 PM
Rank: Elder

Joined: 3/19/2013
Posts: 2,552
guru267 wrote:
symbols wrote:
guru267 wrote:
symbols wrote:
guru267 wrote:
Aguytrying wrote:
Williamson tea at 225 is a good play- easily going to 270 plus in july when results are announced, with a dividend to boot. The rise from 200-274 and fall back to 225 recently was the curtain raiser.


@Aguytrying Williamson will most likely disappoint on earnings due to the strong shilling... The historical earnings show poor performance when shilling is strong and vice versa!

Another thing is that heavy rainfall is not exactly the best environment for good tea yields...

For consistent earnings over next 5 years stick to financials!



Where does your confidence in financials come from?


With Uhuru's talk of 7% growth by next year and double digit growth by 2015 who will benefit most if not financials??


Short-run I agree with you.My problem comes in the long-run,when growth is mostly fueled by debt,which is our new trend,how do you see it playing out? On the other hand banks are 'too big to fail'.


All countries that are big today started off with huge debt.. It is wrong for us to compare our debt levels with that of developed economies!

Besides the government has time and inflation on its side when it comes to debt servicing...


Our debt levels aren't nearly as high,but what concerns me is the rising levels of debt by government and individuals.What I'm trying to understand is,especially for banks,is our debt focused on consumption or investment?
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guru267
#312 Posted : Saturday, April 27, 2013 8:03:25 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
symbols wrote:
What I'm trying to understand is,especially for banks,is our debt focused on consumption or investment?


@symbols the good thing is that most of our debt is for investment but even when it is for consumption it is adequately backed by tangible collateral assets of some kind...

This differs greatly with developed economies!
Mark 12:29
Deuteronomy 4:16
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symbols
#313 Posted : Saturday, April 27, 2013 8:17:32 PM
Rank: Elder

Joined: 3/19/2013
Posts: 2,552
guru267 wrote:
symbols wrote:
What I'm trying to understand is,especially for banks,is our debt focused on consumption or investment?


@symbols the good thing is that most of our debt is for investment but even when it is for consumption it is adequately backed by tangible collateral assets of some kind...

This differs greatly with developed economies!


I see your point.Thank you
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VituVingiSana
#314 Posted : Sunday, April 28, 2013 1:58:39 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,350
Location: Nairobi
guru267 wrote:
symbols wrote:
What I'm trying to understand is,especially for banks,is our debt focused on consumption or investment?

@symbols the good thing is that most of our debt is for investment but even when it is for consumption it is adequately backed by tangible collateral assets of some kind...

This differs greatly with developed economies!
I am not so sure our debt is primarily for investment. It seems a lot of it goes for recurrent expenditure including salaries for politicians, civil servants & wasteful activities. It might not be raised for 'consumption' but ends up there. As for backing with "tangible collateral assets" that is not the case for most government debt. Government debt is based on the 'full faith & credit of the government' which as you said... can be paid off by inflation caused by printing more money! That is debasement & hurts the local saver.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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symbols
#315 Posted : Monday, April 29, 2013 10:06:38 PM
Rank: Elder

Joined: 3/19/2013
Posts: 2,552
VituVingiSana wrote:
guru267 wrote:
symbols wrote:
What I'm trying to understand is,especially for banks,is our debt focused on consumption or investment?

@symbols the good thing is that most of our debt is for investment but even when it is for consumption it is adequately backed by tangible collateral assets of some kind...

This differs greatly with developed economies!
I am not so sure our debt is primarily for investment. It seems a lot of it goes for recurrent expenditure including salaries for politicians, civil servants & wasteful activities. It might not be raised for 'consumption' but ends up there. As for backing with "tangible collateral assets" that is not the case for most government debt. Government debt is based on the 'full faith & credit of the government' which as you said... can be paid off by inflation caused by printing more money! That is debasement & hurts the local saver.


Apart from the government,the banks keep posting profits but I don't really see it translating into growth for the country.
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holycow
#316 Posted : Monday, April 29, 2013 11:25:32 PM
Rank: Veteran

Joined: 11/11/2006
Posts: 972
Location: Home
This thread made me good money in 2011 (KCB,KK) i also lost on Kenya Power but overall, good gains.
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Aguytrying
#317 Posted : Wednesday, June 19, 2013 12:54:41 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
Low hanging fruits are beginning to show again. Im i the only one who was suffocated by the nse rally this year? nothing to buy!!

Well TPSEA has supply at 48.00, i picked some for myself, sweet deal right there.

I also see KK doing one of those supply tests at 9.00, and i have a bid there.
I can't see anything else i like, but overall the market looks more juicier this week after a long time. Bon a petite
The investor's chief problem - and even his worst enemy - is likely to be himself
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jerry
#318 Posted : Wednesday, June 19, 2013 1:13:14 PM
Rank: Elder

Joined: 9/29/2006
Posts: 2,570
@Aguytrying. Keep watch on KQ also.
The opposite of courage is not cowardice, it's conformity.
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King G
#319 Posted : Wednesday, June 19, 2013 1:17:08 PM
Rank: Elder

Joined: 6/20/2012
Posts: 3,855
Location: Othumo
Kenya re at 15 and Coop at 16 safe bet.

gambled with Britam at 7.5 with target of 9 - pocket change quantity.
Thieves
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Aguytrying
#320 Posted : Wednesday, June 19, 2013 1:30:19 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
jerry wrote:
@Aguytrying. Keep watch on KQ also.


caution bad company at a great price.
The investor's chief problem - and even his worst enemy - is likely to be himself
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