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CFC-Stanbic 2009
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mukiha
#51 Posted : Thursday, April 22, 2010 12:28:03 PM
Rank: Elder

Joined: 6/27/2008
Posts: 4,114
Are we looking at 50 tomorrow? I see an ask at 49.25 on the board today....but there are no offers; best now is 46.50

......and have seen the sister CMC touching 14 bob today?
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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PKoli
#52 Posted : Thursday, April 22, 2010 9:04:25 PM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
@Mukiha,

I think 50 is too low for CFC. It should trade at no less than 100. You better pick a few.

During the major bear period, CFC was beaten to about 40. when recovery came, it was the only stock that did not appreciate. The re-organization going on at the bank should yield positive signals to the shareholders.
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sparkly
#53 Posted : Thursday, April 22, 2010 9:31:18 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Buy buy buy. This bank will give the sweetest returns in the sector. Dont expect dividends any time soon though
Life is short. Live passionately.
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PKoli
#54 Posted : Thursday, April 22, 2010 9:41:05 PM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
@Sparkly,

I am looking at a timeframe of 1 year. Only capital growth is what I want. I am buying at any price below 50.

Happy investing
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mukiha
#55 Posted : Friday, April 23, 2010 6:55:30 AM
Rank: Elder

Joined: 6/27/2008
Posts: 4,114
PKoli wrote:
@Mukiha,

I think 50 is too low for CFC. It should trade at no less than 100. You better pick a few.

@PKoli; I have quite a number - about 20% of my portfolio - purchased over the last 30months.

65% of the holding was bought at above sh50 and 35% below sh50. My average purchase price is sh69. I continue buying when I have spare cash and the market price is below my average.

Right now, I am considering take some profit from Mumias [not the full holding] and throwing it into CFC...
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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mukiha
#56 Posted : Friday, April 23, 2010 8:14:01 AM
Rank: Elder

Joined: 6/27/2008
Posts: 4,114
Today, it opened at 47; I am happy and sad at the same time.

Happy that the only red spot in my portfolio is inching towards green; and sad that I might miss the opportunity to increase my holding in the same.... but such is life
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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PKoli
#57 Posted : Friday, April 23, 2010 8:38:51 AM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
@Mukiha
Today CFC is what KQ was 24 after staying at 20 for a while. Destination is 100 or thereabouts, so you be looking at a return of over 30%.

You still have an opportunity.
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mukiha
#58 Posted : Friday, April 23, 2010 9:06:19 AM
Rank: Elder

Joined: 6/27/2008
Posts: 4,114
PKoli wrote:
@Mukiha
Today CFC is what KQ was 24 after staying at 20 for a while. Destination is 100 or thereabouts, so you be looking at a return of over 30%.

You still have an opportunity.

Yeah; lakini wapi pesa?
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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PKoli
#59 Posted : Friday, April 23, 2010 9:10:50 AM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
@Mukiha,

Sell some bit of Mumias and increase CFC. At the current prices, CFC could give 100% returns, MSC I doubt 30% more
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mukiha
#60 Posted : Friday, April 23, 2010 9:21:29 AM
Rank: Elder

Joined: 6/27/2008
Posts: 4,114
@PKoli; CLICK HERE

That has been my strategy all along... include also EQTY for which I have placed a sell order at 20.... but now I see it has eased back to 18.50.

All the purchases in CFC have been made using profits taken in various counters; you might recall me saying that I'm using "free money"
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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  | | Edit by user: Friday, April 23, 2010 9:25 AM | Reason: Not specified
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