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Madness at the NSE
Rank: Member Joined: 9/14/2011 Posts: 869 Location: nairobi
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VituVingiSana wrote:Sufficiently Philanga....thropic wrote:I'd lump up BAT and Stanchart together. They are great dividend stocks with yields of above 10% and are great during these recession years as they can make up for any foregone capital gains with their decent dividend yields.
Unfortunately, they are not the darling of the foreign investors, who tend to go for stocks that have interrupted sectors of an economy, the likes of Safaricom and Equity Bank - the blue eyed boys. Such stocks tend to be growth stocks but with a track record of paying dividends. And because these foreign investors tend to have deep pockets, the blue eyed stocks get bid and their prices soar, which also partly explains their low dividend yields. I have nothing but praise for BAT. I still say do not smoke but if you do, please choose BAT  I started picking up BAT after the 1H 2022 results came out and the DPS has keep me going. DPS 57 Stanchart is another that I like and have some. DPS 22 I picked some ABSA but I place bids at the lower end of the scale and sometimes I get lucky. DPS 1.35 I am sticking with Dividend Payers with a minimum 10% DY or potentially 10%+ DYs in the near future. I like Equity Bank but it is not for me today. It could be a mistake but the DY is important to me at this time. If it pays 4/- and I see the price stagnate like it has for many, then I may buy in again. The 2024 Eurobond is coming due and if it gets paid then Equity will clawback a lot of the FV losses. I am staying away from Saf until there is more clarity on Ethiopia but if it pays a hefty Final Dividend then I may consider it. I am not a trader and do not have the smarts to buy and sell rapidly like some of you. Would you ever consider Coop with their improved div? In the past I have murmurs about their corporate governance and maybe ABSA in that respect is much better pick ?
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Rank: Member Joined: 9/14/2011 Posts: 869 Location: nairobi
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VituVingiSana wrote:Sufficiently Philanga....thropic wrote:I'd lump up BAT and Stanchart together. They are great dividend stocks with yields of above 10% and are great during these recession years as they can make up for any foregone capital gains with their decent dividend yields.
Unfortunately, they are not the darling of the foreign investors, who tend to go for stocks that have interrupted sectors of an economy, the likes of Safaricom and Equity Bank - the blue eyed boys. Such stocks tend to be growth stocks but with a track record of paying dividends. And because these foreign investors tend to have deep pockets, the blue eyed stocks get bid and their prices soar, which also partly explains their low dividend yields. I have nothing but praise for BAT. I still say do not smoke but if you do, please choose BAT I started picking up BAT after the 1H 2022 results came out and the DPS has keep me going. DPS 57 Stanchart is another that I like and have some. DPS 22 I picked some ABSA but I place bids at the lower end of the scale and sometimes I get lucky. DPS 1.35 I am sticking with Dividend Payers with a minimum 10% DY or potentially 10%+ DYs in the near future. I like Equity Bank but it is not for me today. It could be a mistake but the DY is important to me at this time. If it pays 4/- and I see the price stagnate like it has for many, then I may buy in again. The 2024 Eurobond is coming due and if it gets paid then Equity will clawback a lot of the FV losses. I am staying away from Saf until there is more clarity on Ethiopia but if it pays a hefty Final Dividend then I may consider it. I am not a trader and do not have the smarts to buy and sell rapidly like some of you. How much did Equity invest in the Euro bond?
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Rank: Elder Joined: 7/22/2009 Posts: 7,839
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MaichBlack wrote:Sufficiently Philanga....thropic wrote:MaichBlack wrote:Sufficiently Philanga....thropic wrote:MaichBlack wrote:Sufficiently Philanga....thropic wrote:Meanwhile, another trading day, another rout. The bears firmly on the driver's seat! I am already in the red on additional shares I bought this week because I knew announcement of results might push them up. I made sure I bought on Monday and some on Tuesday!! Then it was Rhumba time!!! My biggest problem is not even the price per say (I am long term) but how many more shares I would have bought had I bought today or probably next week. And it is maaany!!! The regret/opportunity costs/mistakes etc can make one overindulge especially seeing today is Furahiday. Honestly,this week has been like playing in the casino. You want to seat on your hands but the temptation to press sell/buy button overwhelms you! Exactly!!! I still need to buy more Equity and watching the market today tells me I should go in on Monday at 37 - 38. I might go in and we discover new lows. Or there is a turn around and I even don't get the chance to buy at those levels!!! You don't know what to expect. Same for BAT. It seems like it will get support at 430 but no one knows if that will hold!!! Consider staggering the buys over the 3 days ending Wednesday I am all bought out. Went all in for more. ABP of shares bought this week 38/=. Now we wait. I am long, long term investor. I love the EPS, expansion, management etc. of Equity!!! I am in it for the long haul. James Mwangi will sell out before me. 🤣🤣🤣🤣🤣🤣 I am one happy camper!!! It all went as I had expected! Dividend - 4/=!!! Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Rank: Elder Joined: 7/22/2009 Posts: 7,839
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Equity Bank Results...Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Rank: Elder Joined: 7/22/2009 Posts: 7,839
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MaichBlack wrote:Ladiès and gentlemen relax!!! Equity Bank Results will come and they will be good. We might just get 4/= dividend.
Have some faith.
I put my money where my faith is by adding a huge number yesterday at an abp of 38/=.
Disclaimer: I know this os Kenya and anything is possible. KCB reminded us the other day. No one - including myself - saw the dividend slicing coming. I never saw anyone alluding to it. I am therefore psychologically prepared for any surprises as usual. I posted this last week. Post #2457. Pesa tunayo hatuna!!?? I am glad I went all out!!! Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Rank: Elder Joined: 9/23/2010 Posts: 2,225 Location: Sundowner,Amboseli
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MaichBlack wrote:MaichBlack wrote:Ladiès and gentlemen relax!!! Equity Bank Results will come and they will be good. We might just get 4/= dividend.
Have some faith.
I put my money where my faith is by adding a huge number yesterday at an abp of 38/=.
Disclaimer: I know this os Kenya and anything is possible. KCB reminded us the other day. No one - including myself - saw the dividend slicing coming. I never saw anyone alluding to it. I am therefore psychologically prepared for any surprises as usual. I posted this last week. Post #2457. Pesa tunayo hatuna!!?? I am glad I went all out!!! Great call @Maichblack  Capital gains and dividend yields of more than 10% @SufficientlyP
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Rank: Chief Joined: 1/3/2007 Posts: 18,349 Location: Nairobi
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The NSE is in a coma. If not for the good dividend payers, it would be even worse. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 9/23/2010 Posts: 2,225 Location: Sundowner,Amboseli
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VituVingiSana wrote:The NSE is in a coma.
If not for the good dividend payers, it would be even worse. With Zakayo still on the car rooftops talking to himself all day almost 2 years after election day, the NSE will stay stranded at 1,000-1,500 levels. ION, i see Henry Rotich has gotten a soft landing as the path back to CS Treasury gets created! We need a yote yawezekana moment akin to the 2002 one for any meaningful bull at the NSE. For now, it's kughula time  @SufficientlyP
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Rank: Veteran Joined: 7/1/2014 Posts: 927 Location: sky
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the market is slowly rising, by the time many realizes we will be in the middle of mini bull, bamburi started from 21 to 40, coop bank from 11 to almost 13, today equity is at 41 from 37, those who have not strategized themselves will miss this year earning season mini bull There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
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Rank: Member Joined: 7/1/2019 Posts: 119
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Has the casino(NSE) finally turned a corner?
Is it safe to conclude that maybe Zaks a.k.a. Kaunda- uwongo-man and Oxford Ndii (yes the Ndii who flaunts miwani ya kamba) have a formula for economy na sio guesswork pata potea ile ya @VVS na @Ericsson?
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