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CFC STANBIC
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mukiha
#11 Posted : Friday, June 18, 2010 6:24:59 PM
Rank: Elder

Joined: 6/27/2008
Posts: 4,114
I wonder why they haven't announced Q1 results for the group. The bank published, but not the group. Could it be that the insurance has made massive losses that will eat the profits made by the bank?
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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sparkly
#12 Posted : Friday, June 18, 2010 6:58:53 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
the deal wrote:
I have offloaded all my CFC shares on Thursday...i will take a cool 60% profit...@Mukiha father chrismas does not come twice...KQ has taught me a lesoon...LOL...


Too soon, i think. Will at least wait for H1 results.

Where do you put your money after offloading your cfc? too much trading erodes your gains. I can't believe co-op is still rising, though i made a respectable 60%. I would now have a whooping 130% gain without the pesky commissions.
Life is short. Live passionately.
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qw25041985
#13 Posted : Friday, June 18, 2010 7:09:29 PM
Rank: User

Joined: 5/9/2010
Posts: 1,418
Location: Nai
@ sparky. The stocks price nearness to its 1 year high shld hav given u the cue to hold for better prices. I saw co-op from miles away. I then shoutd my arse dry guys get in for the ride and i hope they did. Nobody in this forum knows when CO-OP are releasin their results.
Your future depends on your dreams so go to sleep !
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the deal
#14 Posted : Sunday, June 20, 2010 4:38:47 AM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
@all how come cfc stanbic holdings only released bank results but not for the overall group? Does anyone know how the insurance arm is doing? The NAV of Cfc stanbic is 60 shillings @ the current price of 71.5 it doesnt look attractive anymore like when i bought it @ around 43,i'm also not comfortable with the -200 PE...how will the restructuring unlock shareholder value? I cant answer the above questions so i took my 60% profits,overall i'm going on a holiday next month:))))
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sparkly
#15 Posted : Sunday, June 20, 2010 8:34:39 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
@the deal only time will tell if yours was the best decision. I hold on coz of the demerger speculation, the better expected 2010 results and since all stocks are rising anyway.
Life is short. Live passionately.
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qw25041985
#16 Posted : Sunday, June 20, 2010 11:27:38 AM
Rank: User

Joined: 5/9/2010
Posts: 1,418
Location: Nai
@ the deal. Does going on a holiday form the base for your desicions. Lol. Wat haqend to profit maximisation !!!!!!!! Wat i gather is that cfc can never go any higher ??? How wrong u are. Happy holidays .it seems xmas came early for you. Eheheh.
Your future depends on your dreams so go to sleep !
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the deal
#17 Posted : Sunday, June 20, 2010 1:18:18 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
@qw and sparkly i met my investment target/goal on cfcstanbic initially i was hoping for a 50% return...my decision has nothing to do with cfc price(mostly set by investor sentiment)..it may continue to rise or fall...i think i cant buy cfc @ 71.5 bob...i dont see value @ that price...ja i'm going on holiday...i think i have enough money now...LoL...but first exams in 2 weeks then i'm out of Kenya for like 3 month...
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sparkly
#18 Posted : Sunday, June 20, 2010 6:49:10 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
@the deal very well. You buy shares with your pocket money?
Life is short. Live passionately.
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the deal
#19 Posted : Sunday, June 20, 2010 7:43:53 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
sparkly wrote:
@the deal very well. You buy shares with your pocket money?

Hehehe my pocket money is equivalent to someones salary...with the weak shilling my savings A/C is performing better than KQ...LOL...
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qw25041985
#20 Posted : Sunday, June 20, 2010 8:07:18 PM
Rank: User

Joined: 5/9/2010
Posts: 1,418
Location: Nai
On matters concernin KQ i think we all forgot one important investment principle. That when the eps fall for two consecutive quaters we shld jump out off that stock. Funny enough we jumped into it. I guess we have all learnd that principle the hard way.
Your future depends on your dreams so go to sleep !
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