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Home Afrika Listing at NSE!
Rank: Elder Joined: 6/23/2009 Posts: 13,488 Location: nairobi
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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.. :)
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 7/21/2010 Posts: 6,182 Location: nairobi
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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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Rank: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove
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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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Rank: New-farer Joined: 7/18/2012 Posts: 76
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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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Rank: Member Joined: 8/4/2012 Posts: 155 Location: Kenya
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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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Rank: Member Joined: 5/28/2014 Posts: 149 Location: Nairobi
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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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Rank: Veteran Joined: 7/1/2014 Posts: 903 Location: sky
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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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Rank: Elder Joined: 6/23/2009 Posts: 13,488 Location: nairobi
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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
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Member Joined: 9/26/2006 Posts: 400 Location: CENTRAL PROVINCE
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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.
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Rank: Elder Joined: 7/21/2010 Posts: 6,182 Location: nairobi
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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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Rank: Elder Joined: 7/21/2010 Posts: 6,182 Location: nairobi
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nimetoka with 1.50bob loss to soldier on elsewhere and next profit warning and no dividend or if lucky .05cts "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 7/21/2010 Posts: 6,182 Location: nairobi
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its helped by the bull to navigate and not fall as required "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Member Joined: 3/26/2012 Posts: 830
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guru267 wrote:mwekez@ji wrote:King G wrote:mwekez@ji wrote:guru267 wrote:Museveni wrote:dunkang wrote:13.70/= has forced itself in! How much longer for sub 10/=? 13.30 The slaughter continues! bailed out or averaging down? NEVER try that, dangerous with a clear falling share ..... copy @guru .... ??? Averaging down... After purchases made at 13.30 My average is now down to 14.05! Hopefully we will have a strong rebound before I run out of cash! In the words of Kevin O'leary, "YOU KILLED THAT MONEY" A successful man is not he who gets the best, it is he who makes the best from what he gets.
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Rank: Elder Joined: 6/23/2009 Posts: 13,488 Location: nairobi
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S.Mutaga III wrote:guru267 wrote:mwekez@ji wrote:King G wrote:mwekez@ji wrote:guru267 wrote:Museveni wrote:dunkang wrote:13.70/= has forced itself in! How much longer for sub 10/=? 13.30 The slaughter continues! bailed out or averaging down? NEVER try that, dangerous with a clear falling share ..... copy @guru .... ??? Averaging down... After purchases made at 13.30 My average is now down to 14.05! Hopefully we will have a strong rebound before I run out of cash! In the words of Kevin O'leary, "YOU KILLED THAT MONEY" This share should have never been listed.. The public were duped into the IPO price which was at a heavy premium. In addition, the fundamentals of the firm are more than shaky. If you are on the bus, please alight. The dead cat bounce is now in full effect and we are headed for 2bob unless the PPT (headed by Mwai Kibaki) show up
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Member Joined: 3/26/2012 Posts: 830
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Only Wanjiku could have bought Home Afrika at any price above 2 bob. There was absolutely no reason to buy this counter, extremely high valuation, almost zero dividend yield, unpredictable performance, management with competing interests are just but a few. Those who bought, mtajilaumu wenyewe. This begs the question, What exactly do you look for when buying a stock? Personally, I look for: - Single digit P/E - Healthy earnings growth in last 1.5- 3 years (above 15% is okay) - High dividend yield above 6% - For counters that do not offer good dividend yields, I require more earnings growth from them (above 25%) in last 1.5-3 years. Just my two cents. My method may be very shallow, but it works well although not perfect. A successful man is not he who gets the best, it is he who makes the best from what he gets.
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Rank: Elder Joined: 6/23/2009 Posts: 13,488 Location: nairobi
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S.Mutaga III wrote:Only Wanjiku could have bought Home Afrika at any price above 2 bob. There was absolutely no reason to buy this counter, extremely high valuation, almost zero dividend yield, unpredictable performance, management with competing interests are just but a few. Those who bought, mtajilaumu wenyewe. This begs the question, What exactly do you look for when buying a stock? Personally, I look for:
- Single digit P/E
- Healthy earnings growth in last 1.5- 3 years (above 15% is okay)
- High dividend yield above 6%
- For counters that do not offer good dividend yields, I require more earnings growth from them (above 25%) in last 1.5-3 years.
Just my two cents. My method may be very shallow, but it works well although not perfect.
Above all else.. I look at the management as my very first step
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Chief Joined: 1/3/2007 Posts: 18,084 Location: Nairobi
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obiero wrote:S.Mutaga III wrote:guru267 wrote:mwekez@ji wrote:King G wrote:mwekez@ji wrote:guru267 wrote:Museveni wrote:dunkang wrote:13.70/= has forced itself in! How much longer for sub 10/=? 13.30 The slaughter continues! bailed out or averaging down? NEVER try that, dangerous with a clear falling share ..... copy @guru .... ??? Averaging down... After purchases made at 13.30 My average is now down to 14.05! Hopefully we will have a strong rebound before I run out of cash! In the words of Kevin O'leary, "YOU KILLED THAT MONEY" This share should have never been listed.. The public were duped into the IPO price which was at a heavy premium. In addition, the fundamentals of the firm are more than shaky. If you are on the bus, please alight. The dead cat bounce is now in full effect and we are headed for 2bob unless the PPT (headed by Mwai Kibaki) show up IPO or a Listing By Introduction. Either way, folks bought without reading the Information Memorandum. Too bad. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 1/3/2007 Posts: 18,084 Location: Nairobi
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obiero wrote:S.Mutaga III wrote:Only Wanjiku could have bought Home Afrika at any price above 2 bob. There was absolutely no reason to buy this counter, extremely high valuation, almost zero dividend yield, unpredictable performance, management with competing interests are just but a few. Those who bought, mtajilaumu wenyewe. This begs the question, What exactly do you look for when buying a stock? Personally, I look for:
- Single digit P/E
- Healthy earnings growth in last 1.5- 3 years (above 15% is okay)
- High dividend yield above 6%
- For counters that do not offer good dividend yields, I require more earnings growth from them (above 25%) in last 1.5-3 years.
Just my two cents. My method may be very shallow, but it works well although not perfect.
Above all else.. I look at the management as my very first step And you bought KQ? What attracted you to the management? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 13,488 Location: nairobi
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VituVingiSana wrote:obiero wrote:S.Mutaga III wrote:Only Wanjiku could have bought Home Afrika at any price above 2 bob. There was absolutely no reason to buy this counter, extremely high valuation, almost zero dividend yield, unpredictable performance, management with competing interests are just but a few. Those who bought, mtajilaumu wenyewe. This begs the question, What exactly do you look for when buying a stock? Personally, I look for:
- Single digit P/E
- Healthy earnings growth in last 1.5- 3 years (above 15% is okay)
- High dividend yield above 6%
- For counters that do not offer good dividend yields, I require more earnings growth from them (above 25%) in last 1.5-3 years.
Just my two cents. My method may be very shallow, but it works well although not perfect.
Above all else.. I look at the management as my very first step And you bought KQ? What attracted you to the management? chief.. how dare you compare the two firms?? KQ is a pan African carrier with revenues in excess of 100B.. The management is top tier with allumni of schools such as UoN, Soborne, Harvard, Alliance, Starehe.. Please dont compare the two
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 6/23/2009 Posts: 13,488 Location: nairobi
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Here are the key management staff at KQ
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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