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obiero
#641 Posted : Tuesday, August 12, 2014 9:02:43 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,478
Location: nairobi
YoungMulla wrote:
I agree someone was trying to pump this stock. This cat is on its last bounce. This time it will drop to the bottom.

This one is to be watched from the sidelines by all gurus.. :)
COOP 306,100 ABP 31.96, KEGN 112,100 ABP 10.64, MTNU 131,000 ABP 10.21
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mlennyma
#642 Posted : Wednesday, August 20, 2014 11:15:20 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Can you tell us also how a squirrel climbs a hill ?i think its climbing.
"Don't let the fear of losing be greater than the excitement of winning."
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whiteowl
#643 Posted : Wednesday, August 20, 2014 12:05:40 PM
Rank: Veteran

Joined: 4/16/2014
Posts: 1,420
Location: Bohemian Grove
mlennyma wrote:
Can you tell us also how a squirrel climbs a hill ?i think its climbing.

it's just raising its head.
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patrazi
#644 Posted : Wednesday, August 20, 2014 2:16:23 PM
Rank: New-farer

Joined: 7/18/2012
Posts: 76
whiteowl wrote:
mlennyma wrote:
Can you tell us also how a squirrel climbs a hill ?i think its climbing.

it's just raising its head.

Those who were courageous enough to buy this squirrel at 3 bob can make over 50% now. Some squirrels make some people rich.
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Mucene
#645 Posted : Thursday, August 21, 2014 12:32:33 PM
Rank: Member

Joined: 8/4/2012
Posts: 155
Location: Kenya
What the news on this counter or are the half year results expected to be good? Just wondering
If you don't want to go to plan B have a good plan A.
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DBLyon
#646 Posted : Thursday, August 21, 2014 1:57:14 PM
Rank: Member

Joined: 5/28/2014
Posts: 149
Location: Nairobi
The behaviour of the share price may suggest that...prices tend to rise before good news is made public. However, @obiero mentioned he heard the news is not very good on that front, on the exchange bar results thread a couple of days ago.
When you live for others' opinions, you are dead.

- Carlos Slim Helu
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littledove
#647 Posted : Thursday, August 21, 2014 5:06:54 PM
Rank: Veteran

Joined: 7/1/2014
Posts: 928
Location: sky
patrazi wrote:
whiteowl wrote:
mlennyma wrote:
Can you tell us also how a squirrel climbs a hill ?i think its climbing.

it's just raising its head.

Those who were courageous enough to buy this squirrel at 3 bob can make over 50% now. Some squirrels make some people rich.

it seems the squirrel met a predictor who chased it towards the hill, once the predictor is out of the way it will start going to its destination before clumping the other side of the hill with surerity. I think the signs of the bull in the market is the cause of u turn, in case the bulls fails it will again start going down, people are making money but again as usual it will trap another batch
There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
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obiero
#648 Posted : Thursday, August 28, 2014 10:26:59 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,478
Location: nairobi
DBLyon wrote:
The behaviour of the share price may suggest that...prices tend to rise before good news is made public. However, @obiero mentioned he heard the news is not very good on that front, on the exchange bar results thread a couple of days ago.

@mucene the answer lay inside ua question!!! @DBL the exchange bar established in 1902 is an authority on matters concerning the NSE since its creation in the year 1954
COOP 306,100 ABP 31.96, KEGN 112,100 ABP 10.64, MTNU 131,000 ABP 10.21
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stocksmaster
#649 Posted : Friday, August 29, 2014 11:49:26 AM
Rank: Member

Joined: 9/26/2006
Posts: 463
Location: CENTRAL PROVINCE
stocksmaster wrote:
cnn wrote:
mwekez@ji wrote:
A crazy observation is that they paid PKF to value the company at KES 8.5B. Thats a price per share of a whopping 21 bob!!! ... No details given on valuation methodology!!! ... DAMN!!!... CMA is sleeping on the job for not demanding information memorandum before this counter is listed!!!

I saw that and i was thinking how did they get to this....without the IM,my money stays safe.


At a net income of Ksh 167.7M for 2012 and a Book Value of Ksh 8.5B (which i assume will be the basis of determination of listing price); its return on equity = net income/shareholders equity is a depressing 1.97%.

Compare this with the ROE of Trans Century at 15.1% (P/B of 1.8); Centum at 18.4% (P/B of 1.0); Housing Finance at 15.0% (P/B of 1.1).

At such a low ROE, which is about an eighth of its peers,i would price the share at a tenth of Ksh 21 hence a price of Ksh 2.00.

The price of Ksh 2.00 would mean a P/E of 4.30 which would be comparable to HFCK (p/e 7.5); Centum (p/e 5.6), trancentury (p/e of 12) all of which have better investor returns.

Based on the 2011 results which were a loss position, i think i'll stay out of this one unless their is a significant discount on the Ksh 2.00.

Happy Hunting.


A year later......

Happy Hunting.
x handle: @stocksmaster79
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mlennyma
#650 Posted : Friday, August 29, 2014 12:06:19 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
This is a company of mouth talk without action,I doubt whether their debt and financing will ever work,is selling plots and stalled projects able to service debt and meet a company's operational costs.you have all reasons to worry if inside
"Don't let the fear of losing be greater than the excitement of winning."
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