@Mutaga you should have titled this post as "My Pick for 2019" seeing that your only pick is Longhorn

Or he can also lable it as: "My LKL 2019"

The thing is, I haven't spotted any other worthy opportunity and that is why I have idle cash. I am planning on buying KCB at Ksh 40 but the price hasn't reached that level yet...sadly

Give me KCB at 40 and I will pull the trigger.

@S.Muthaga 111


Would have preferred to reach you directly but its not possible .

Yes your selection is good fundamentally but kindly be advised that you should not stay too long on this counter for 2 reasons

- It is illiquid low cap stock
- After this earning season stocks will retreat from late June, there will be market correction that will affect LKL negatively even though her Fy end is June and Q4 results is in Nov.

If I were you (though you are not me) I will try and exit at 6.63 still a tidy 43% gross off site which is excellent in a bearish market.

In general I kindly advise to deploy your intelligent strategy to liquid big cap stocks, so that if you make moderate gain 20 to 35% gain , you are assured of easy entry and exit, and in market downtown if you tarry a while you will make some gains

Typical examples includes

Safaricom 24/28
KCB. 38/45
EQUTY. 36/44
STANBIC. 83/100
EABL. 185/210
BBK. 10.50/11.90


I personally did badly in speculation in my first few years in NSE as I was mostly with low cap stocks like Mumias, Cables, Uchumi of yesteryears but for more than 10 years now I got born again as a long termer on big cap stocks.
Though I am not perfect but I can attest to incremental dividends like this year
on
KCB 2.0/2.5
EABL interim 2.0/2.5
BBK. 0.8/0.9
Safcom likely 1.10/1.20
COOP. 0.8/1.0
SCB. 12.5/14

The luggards in my portfolio are not doing badly dividend wise relative to last year

Bamburi 4/5.1
NSE. 0.3/0.49

Etc.



Different strokes to different folks.
I prefer to invest long term and stay with market leaders .

May be if I wanted to speculate further I would sticked to only the big 4. That is

Safaricom
EABL
KCB
Equity

For example for 3 years running 2017/2018/2019 cytonn has successfully made gains by positioning in KCB at sub 39 and exiting at sub 45 over less than a year period

Be rest assured as per your desire that you will still catch KCB at below 40 Bob.

Thanks and Regards

Mzee Young

Note:- 1 have 15 years experience in Kenya NSE as a non resident foreign investor .As a retiree part of my passive income is from NSE. Mainly dividends

In my early days I rejoiced when markets rose. Then I read Ben Grahams The Intelligent Investor & Chapter 8 dealing with how investors should view fluctuations in stock prices. Since then, low prices became my friend. Picking that book was the luckiest moment in my life

- Warren Buffett