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sparkly
#1 Posted : Sunday, May 23, 2010 2:14:22 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Had to let go of eabl from my portifolio. Need to replace it with a long term stock. Criteria, good dividend, prospect for growth, dominance in its industry. What would you suggest and why?
Life is short. Live passionately.
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Gatheuzi
#2 Posted : Sunday, May 23, 2010 7:08:32 PM
Rank: Veteran

Joined: 8/16/2009
Posts: 994
If you want financials, EB will be the pick. I might also suggest DTB if you want to cater for more upmarket banking.

If you insist on industrials, look between the Bamburi and ARM. KENOL is a good bet if you want to have a regional feel.

Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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sparkly
#3 Posted : Sunday, May 23, 2010 8:10:56 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
@Gatheuzi thanks, am looking at the industrials. Which would you say is the best buy at current prices?
Life is short. Live passionately.
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sheep
#4 Posted : Monday, May 24, 2010 9:37:11 AM
Rank: Veteran

Joined: 7/24/2008
Posts: 781
sparkly wrote:
Had to let go of eabl from my portifolio. Need to replace it with a long term stock. Criteria, good dividend, prospect for growth, dominance in its industry. What would you suggest and why?


I dont think there is a stock that meets your criteria...Bamburi's close but the cement industry will be facing massive increases in supply by 2012 which means prices will come down leading to low profit margins...KPLC is a monopoly,poor dividends,good prospects for growth but politics will determine profitability...In short diversify.
The utimate goal of investing is to buy low sell high;if we re-write this core equation in psychology terms it becomes buy fear sell greed.
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guru267
#5 Posted : Monday, May 24, 2010 10:06:43 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
sheep wrote:
KPLC is a monopoly,poor dividends,good prospects for growth but politics will determine profitability...In short diversify.


@sheep i would hardly call KPLC's 8bob dividend at a price of 150 last year and a possible 10bob dividend at a share price of 200bob this year "poor dividends" and remember last year dividends were only 19% of the PAT....

@sparkly since you are looking at the long term in the industrials i believe ARM, Bamburi, KPLC and Mumias are very good buys because of good growth prospects and very high potential in terms of dividend yield...

Mark 12:29
Deuteronomy 4:16
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mkonomtupu
#6 Posted : Monday, May 24, 2010 12:57:17 PM
Rank: Veteran

Joined: 2/10/2010
Posts: 1,001
Location: River Road
I have sold my mumias and kenol shares and still debating if to use the proceeds to buy into EABL, KPLC rights or TPS Serena. Any reason for kicking out EABL?
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sparkly
#7 Posted : Monday, May 24, 2010 5:34:36 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
@mkonomtupu had to let go of EABL shingo upande, connected to what i do for a living.

The vote count so far:

Bamburi-3
ARM-2
KPLC-2
KENOL-1
Mumias-1

Bamburi seems to be winning...
Life is short. Live passionately.
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VituVingiSana
#8 Posted : Tuesday, May 25, 2010 2:43:59 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
KPLC paid 3/- interim dividend... Expect 7/- for a total of 10/-
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Wa_ithaka
#9 Posted : Tuesday, May 25, 2010 8:44:47 AM
Rank: Veteran

Joined: 1/7/2010
Posts: 1,279
Location: nbi
Starts with C smile
The Governor of Nyeri - 2017
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2012
#10 Posted : Tuesday, May 25, 2010 9:17:31 AM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
sparkly wrote:
@mkonomtupu had to let go of EABL shingo upande, connected to what i do for a living.


Are you a pastor?
I'd highly recommend KPLC. I think this counter is way undervalued. If only I had some cash...

BBI will solve it :)
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