jwatesh wrote:I hope it doesnt rise. i havent reached my goal of stocking up these shares. Plus few are selling
I completed my buying sometimes around September (At 14/=) but last week I saw a trade done at 13/= and was considering jumping back in.
I am loading up on select stocks when I get some cash. Some of these stocks will make a very happy man in years to come. Take Kenya power for example. Look at the earnings per share. Cheaper power (geothermal being added to the grid). Higher sales (people using more power because it is cheaper, more connections - rural electrification, street lighting, exporting power - starting with Rwanda, probably more industrial production going forward with cheaper more stable power etc.).
Once Kenya power is done with capital investments and with higher profits, how much do you think they will be paying as dividends? How much do you think the share will be going for at that time?? Tafakari hayo.
But this is for long timers like yours truly.
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.