Swenani wrote:young wrote:Ericsson wrote:Safaricom at ksh.27.50 per share
KCB at ksh.40.60
Bear run continuing
This is expected and the market will be more bearish in the coming months .
I expect KCB as low as 36.50 this year, just a couple of months time or much earlier.
In times like this Mr Market does not respect good performance of individual counters. Its like a bad season to conform to cyclical CYCLE of Nairobi bourse.
We are edging towards the annual ritual....BUYERS MARKET, where you will see good stocks at unimaginable cheap prices .
For safaricom BELOW 27.00 cum normal and special dividends is a one off good deal. That is if you close the deal before Aug 30 book closure date.
This year when I pick up my KCB dividend early July , I will split it into 2 some for more KCB and the rest for safaricom. This is because am also expecting SPECIAL (no interim) dividend from KCB later this year of at least 1 Bob per share.
suffering com is below 27 baab. Enyewe, Mugandaman was right.NSE is a casino
No he wasn't. NSE is not a get-rich quick scheme. Any serious investor should be lining up massive amounts of capital to take full advantage of this bear. There are very good businesses on sale right now. I am personally aiming to average down and enter new counters with 10% dividend yield as my yardstick and average down from there.
In a bear market, Wanjiku sees prices tumbling and sells. The hedge fund manager sees profitable businesses at a big bargain and loads up. Wanjiku sees stocks as a casino or numbers on a screen. The manager sees stocks as part of ownership in a business. The moment someone starts viewing stocks as pieces of an existing business, only then can one realize that falling prices are buying opportunities. If I can load up KCB at below 35, I will be comfortable pocketing that 10% dividend even if KCB shares don't trade for several years as long as it remains just as profitable at least.
A successful man is not he who gets the best, it is he who makes the best from what he gets.