The bear is upon us! Emotions play a significant role in choosing what to buy and at what price. We all know the temptation to bottom fish to get the lowest prices, but its difficult to achieve.
Then there's the pain of being left by a share after a failed bottom fishing manoeuvre.
In light of this I've come up with a systematic way of buying this time round.
Using a P|E range of between 7-5.5 and EPS of 2014 or 2013 where necessary. Here is
MY wishlist. There are many other good shares, ill be sticking with these for now.
STOCK EPS TARGET PRICE PE 5.5-7
EQUITY 4.63 25-33
KCB 5.63 30-40
NIC 7.07 38-49
NSE 2.13 12-15
DTB 21.92 120-154
HFCK 2.75 15-20
JUBILEE 48 264-340
PAN AFRICA 6.05 33-43
SAFARICOM 0.8 8-10(10-12 PE)
NATION 13.1 72-100 (unlikely)
TPS SERENA 3.45 20-25 (2013 EPS)
BAMBURI 9.80 98-130
KENOL KOBIL 0.74 5-7 (6.7-9.5 PE)
EABL 11.31 113- 170(10-15 PE)
ARM 3.01 30-45
BAT 42.55 300-450
CROWN PAINTS 3.01 17-21
FLAME TREE 0.99 6-7
BOC 11.76 65-85
The investor's chief problem - and even his worst enemy - is likely to be himself