young wrote:The standard benchmark to gauge whether a stock could be held for life is that it should return 10 tens its value (including splits and dividends) cumulatively in 10 years.
Only 4 counters achieved this for the period 2001 - 2011. They are :-
(i) KCB
(ii) EABL
(iii) JUB
(iv) KPLC
Looking forward 2012 - 2022, KCB and EABL still qualify to be relied on. I will add KENOL in the list to make 3 counters.
Add to the list:
Limuru Tea.
Their tea business is doing poorly compared to WTK or Kapchorua but they sit on land whose current market value approximates Ksh 9,000 - 10,000 per share!!! In 10 years time, that share value (x 22 current share price) will have been realised.
Happy Hunting
x handle: @stocksmaster79