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centum fy 2010 results anticipation
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ngapat
#1 Posted : Friday, May 06, 2011 11:32:35 AM
Rank: Veteran

Joined: 12/11/2006
Posts: 930
i acquired a large chunk of this stock @22 in anticipation of good fy 2010 numbers based on their half year perfomance.I'm eagerly waiting for the results. Anything less of 100% growth will force me to sell all of them immediately. Is this achievable?............Sad Pray
“Invest in yourself. Your career is the engine of your wealth.”
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For Sport
#2 Posted : Friday, May 06, 2011 11:44:33 AM
Rank: Veteran

Joined: 12/23/2010
Posts: 1,229
ngapat wrote:
i acquired a large chunk of this stock @22 in anticipation of good fy 2010 numbers based on their half year perfomance.I'm eagerly waiting for the results. Anything less of 100% growth will force me to sell all of them immediately. Is this achievable?............Sad Pray


Research, and this question should have come before the purchase..
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muganda
#3 Posted : Friday, May 06, 2011 11:49:53 AM
Rank: Elder

Joined: 9/15/2006
Posts: 3,907
You and me both @ngapat. I sold Oooh so many KCB to buy this share, in a fit of rage (selling was Ok, the emotion ill advised)

Hmmn the winds and sands of time. Should I or should I not have... My anticipiation is high and time will tell. KCB has appreciated 50% since my decision.
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Muthawamunene
#4 Posted : Friday, May 06, 2011 12:36:59 PM
Rank: Member

Joined: 1/3/2011
Posts: 264
Location: Nairobi
U do realise no dividends will be paid till 2014. so chances of appreciation are minimal in the short run, medium run- a slight bump up, and in the long run, if they meet their targets, it should be very rewarding. hope ur in it for the long haul.

now why did u sell kcb?
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muganda
#5 Posted : Friday, May 06, 2011 12:46:22 PM
Rank: Elder

Joined: 9/15/2006
Posts: 3,907
HAhaha @Muthwamunene.... It being a Friday, your apt comment reminds me of a scene I once watched in a movie:

"Remember the secret to riches, is the same as the secret to a good wine - TIMING"

Selling per se was not bad, but my goodness, the timing ?!!@##!
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Muthawamunene
#6 Posted : Friday, May 06, 2011 2:06:09 PM
Rank: Member

Joined: 1/3/2011
Posts: 264
Location: Nairobi
muganda wrote:
HAhaha @Muthwamunene.... It being a Friday, your apt comment reminds me of a scene I once watched in a movie:

"Remember the secret to riches, is the same as the secret to a good wine - TIMING"

Selling per se was not bad, but my goodness, the timing ?!!@##!


I also buy centum, in small doses, when i have some spare cash. dnt wanna lock up big money too soon.
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PKoli
#7 Posted : Friday, May 06, 2011 3:54:46 PM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
Muthawamunene wrote:
U do realise no dividends will be paid till 2014. so chances of appreciation are minimal in the short run, medium run- a slight bump up, and in the long run, if they meet their targets, it should be very rewarding. hope ur in it for the long haul.

now why did u sell kcb?



Appreciation will not be based on the dividends they pay, but the value/growth of the business. Look at ARM, with peanuts of dividends they pay, the share was almost touching 200! Equity too has been growing not because of dividends..talk to WB
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StatMeister
#8 Posted : Friday, May 06, 2011 4:44:32 PM
Rank: Veteran

Joined: 5/23/2010
Posts: 868
Location: La Islas Galápagos
The absence of dividends will cushion the share from the wild fluctuations experienced around dividend time. Hence the steady rather than meteoric gains, but gains nevertheless
A bad day fishing is better than a good day at work
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Muthawamunene
#9 Posted : Saturday, May 07, 2011 12:56:10 AM
Rank: Member

Joined: 1/3/2011
Posts: 264
Location: Nairobi
StatMeister wrote:
The absence of dividends will cushion the share from the wild fluctuations experienced around dividend time. Hence the steady rather than meteoric gains, but gains nevertheless

Exactly what i meant.
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sparkly
#10 Posted : Saturday, May 07, 2011 8:18:39 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
For Sport wrote:
ngapat wrote:
i acquired a large chunk of this stock @22 in anticipation of good fy 2010 numbers based on their half year perfomance.I'm eagerly waiting for the results. Anything less of 100% growth will force me to sell all of them immediately. Is this achievable?............Sad Pray


Research, and this question should have come before the purchase..

Totally agree. The management's strategy is to grow the net book value by investing in novel projects like real estate and power. They are reducing exposure to the NSE and no dividends planned for the next 5 years. There will be growth for the year to march 2011 because of recovery of quoted portifolio esp in Q2 2010, and improved profitability of unquoted associates all from a lower base. Otherwise for the next 5 years expect a growing balance sheet (capex driven) but minimal growth in profits.
Life is short. Live passionately.
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