Strategy Quest - Page 3 - Stocks - Wazua

Welcome Guest

Wazua » Investor » Stocks » Strategy Quest

4 Pages<1234>

Strategy Quest

Options

Previous Topic · Next Topic

sparkly		#21 Posted : Friday, June 18, 2010 9:47:19 PM
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi		Never buy price, buy value. As a novice investor i thought penny stocks were 'cheap' and any share above sh 50 was 'expensive'. Now i know better. Life is short. Live passionately.
Back to top		\|
User Profile

sparkly		#22 Posted : Friday, June 18, 2010 10:12:38 PM
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi		the deal wrote: if one bought 500 KQ shares @ 56...and sold @ a loss price of 52.5...today if he gets in @ 48 and buys the same shares... I will tell you what happens. Capital erosion sh 1,750 pesky commissions sh 1,800 not to mention opportunity cost! Life is short. Live passionately.
Back to top		\|
User Profile

StatMeister		#23 Posted : Friday, June 18, 2010 10:18:46 PM
Rank: Veteran Joined: 5/23/2010 Posts: 868 Location: La Islas Galápagos		@sparkly, are you running a loss strategy for managing this? most wazuans seem to rely on good buy strategy A bad day fishing is better than a good day at work
Back to top		\|
User Profile

sparkly		#24 Posted : Saturday, June 19, 2010 1:23:17 PM
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi		StatMeister wrote: @sparkly, are you running a loss strategy for managing this? most wazuans seem to rely on good buy strategy @statMeister, i don't have any KQ. These days i do give a thought before I buy. If i buy a stock for fundamentals, even a 20% loss does not panic me if there is not drastic change in fundamentals. I look at it as an opportunity to buy more. If i buy a stock because it is oversold (RSI of 30 or below) i sell when the RSI hits 70. If i buy a stock because it is rising fast, i sell when the rise stops. Life is short. Live passionately.
Back to top		\|
User Profile

VituVingiSana		#25 Posted : Monday, June 21, 2010 10:14:15 AM
Rank: Chief Joined: 1/3/2007 Posts: 18,349 Location: Nairobi		For the most part... buying value is the way to go... The QUESTION is what determines the 'value'??? You have to do your research... those who think CFCStanbic's NAV is 60+... read the Financial Statements & a HUGE chunk is 'goodwill'... Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
Back to top		\|
User Profile

mukiha		#26 Posted : Monday, June 21, 2010 10:26:48 AM
Rank: Elder Joined: 6/27/2008 Posts: 4,114		VituVingiSana wrote: For the most part... buying value is the way to go... The QUESTION is what determines the 'value'??? You have to do your research... those who think CFCStanbic's NAV is 60+... read the Financial Statements & a HUGE chunk is 'goodwill'... ....and an even bigger chunk of "share premium" on the liabilities side.... Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
Back to top		\|
User Profile

StatMeister		#27 Posted : Monday, June 21, 2010 12:57:24 PM
Rank: Veteran Joined: 5/23/2010 Posts: 868 Location: La Islas Galápagos		i couldn't make sense of their financials, but i was satisfied with the 60% share rise, so i sold off. i'll try to understand them if i decide to go in for the spin-off in september, or maybe in Jan 2011 A bad day fishing is better than a good day at work
Back to top		\|
User Profile

VituVingiSana		#28 Posted : Monday, June 21, 2010 1:35:13 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,349 Location: Nairobi		mukiha wrote: VituVingiSana wrote: For the most part... buying value is the way to go... The QUESTION is what determines the 'value'??? You have to do your research... those who think CFCStanbic's NAV is 60+... read the Financial Statements & a HUGE chunk is 'goodwill'... ....and an even bigger chunk of "share premium" on the liabilities side.... The share premium is not the worry coz not a liability... It's the 'asset' that is worrisome... Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
Back to top		\|
User Profile

mukiha		#29 Posted : Tuesday, June 22, 2010 10:18:17 AM
Rank: Elder Joined: 6/27/2008 Posts: 4,114		The premium shot up by 10b during the Stanbic buyout. The payment to Stanbic Africa Holdings Ltd [SAHL] for Stanbic Bank Kenya [SBK] was not in cash. CFC created new shares and handed them over to SAHL. The value was put at Sh115 per share at a time when the CFC NAV was about sh30. The PAR value remained sh5...hence the premium. True, as @StatMeiser says, it's not easy to understand. Bottom line is that if knock off the intangible goodwill from the assets side, you have to knock off the intangible premium from the liability side as well. Net effect is a 10b decrease in assets and a 13b decrease in liabilities. Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
Back to top		\|
User Profile

sparkly		#30 Posted : Tuesday, June 22, 2010 4:44:13 PM
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi		mukiha wrote: True, as @StatMeiser says, it's not easy to understand. Bottom line is that if knock off the intangible goodwill from the assets side, you have to knock off the intangible premium from the liability side as well. Net effect is a 10b decrease in assets and a 13b decrease in liabilities. @mukiha am another one who does not understand those accounts. So what is the true NAV of this Bank and how does it compare to its peers? Life is short. Live passionately.
Back to top		\|
User Profile

4 Pages<1234>

Wazua » Investor » Stocks » Strategy Quest

Forum Jump

You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Watch this topic
Print this topic

Normal
Threaded