Likes this discussion

Turnover dropped to Kshs. 480.5 Million from Kshs. 858 Million yesterday.

The NSE-20 Share Index rose 30.39 points or 0.6% to 4860.83
The Nairobi All Share Index was up 0.68 points or 0.6% to 117.91

On a weekly basis, the NSE-20 was up 3.12% while the NASI rose 3.9%


We go on a long break. Mpaka Tuesday sasa. When we open, the Supreme Court will have made its decision.

Should the case be dismissed,we can be post 5,000 pts on Wednesday.

#makingmoney2013

Might indicate lack of supply in the market driving prices up!

NSE20 closes the Q1 @4860 up for the month as well as 17.6% for Q1. Court ruling on the election is a barrier that needs to be cleared & by April 2nd we will have known the outcome. The fearful bull next challenge is 4985 (the high for March). Mpesa bank results as well as many banks will be approaching exdiv should give the drive break above 5000 - 5100 before a pause or sell some. Then Q1 bank results as well as national budget decide the direction from July.

AK is up 100%+ in Q1 making it look like Uchumi last year. Lots of resistance around 10 - 15. Will need a sizable catalyst to break down these levels.

KK is the laggard in Q1 as the buyout deal collapsed. Last year KQ held this title till year end. Will KK finish this way? Or will KK & total both finish sub 10 (the hydrocarbon play disconnect).

NBK was the odd duck post bank results. Despite the nasty results shocker, it's up in Q1 from the 16/- floor.
Those NPLs give me the creeps...

KQ remains afloat in dead waters. Results usually out around May same month with mpesa bank (Tues May 14th - check safcom website).

Agrics usually die or fly in Q2. Rea has already moved as well as WTK is moving. Pure coffee plays not looking good.

EABL no idea what mr market is doing here, but higher it goes. Bralirwa is by far a better bet. Same case with ARM, expensive P/E (PER) as well as convertible bonds. TCL too has a similar bonds issues.

MSC the pretext stops soon as results come out in Q2 though if bad they tend to delay... Parastalals have this bad habit Btw is MSC still on the rights issue path?

Kengen vs KPLC, still fancy Kengen.

Let's see how Q2 pans out as I continue putting my skin on the line as well as drawing those despised cartoons

Indeed AK and Britak rallied

Btw this is captures the rubberband (spring) effect I'm referring too about this fearful bull. The snap out of the gates will be vigorous...

https://www.youtube.com/...edded&v=PP1n4fmw5ts


Oh, I forgot to update about current holdings: -

- Mpesa bank avg @3.20 (Sold 50% in Jan @5.80) - after results I'll decide whether to offload completely esp on mpesa and mshwari.
- CFC bank avg @40 since last year - after seeing the results first target is 75 (sell 50%) then ride the wave.
- Equity avg 28.50 (acquired days after selling entire KCB holding @38.50 on results announcement on Feb 28th - KCB avg was 21.50).
- JHL avg @191 - political premium trade - still holding with my price target (250) already surpassed. Waiting for results next week to confirm further direction.
- CFCI avg 7 - political premium trade - still holding awaiting target at 10.50.

- Kengen @9.65 but nothing to write home about the small share units since the rally happened faster than I could get my fill. This one I regret since I got a chunk @9.20 for div play then sold exdiv on Dec 5th only to come back in Jan and the bus just zoomed past my stage

@aguy - kengen got the HFCK chunk last year for that exdiv play greed. So you can see my opportunity cost Should have just bought HF...

And also a small holding on AK @4.40 bought back in Nov 2012. This I've discussing behind the scenes with @hunderwear who I'm sure is enjoying the explosive rally on AK as well as CFCI.

Definitely I need to reorganize this portfolio to a max of 4 stocks.

@Hisah. You've done well for a trader. Trading is tricky!! ( now its trading. haha)

Ive had a decent Q1. With liberty 35%, Kengen 45%, HFCK 63% profits.being my star performers. On liberty?? you sell a stock then it rallies the next day. ha ha. but its the process not the outcome that matters for me.

I sold of Liberty(speculation) and Kengen(worried bout debt).

HFCK i continue to hold. Also WTK (10% up) since Jan. those are long term. Now looking for other long term holds. Wanna hold at least 7 stocks. ideally 10. My strategy it about diversifying investing in undervalued companies and selling them when over valued/ fairly valued. Eyes now on total, KK, TPSE (targeting turn arounds)

I cant wait for Tuesday..The shares will rally like Mad