VituVingiSana wrote:@Aguy and others who have been with me on the KK journey...
Let's ignore the "haters" and
that the deal closes ASAP!
Of course, I am a-OK with another bidder who can offer more than 23!
What I want is an early close/payment so I can re-invest in other firms while the market is in the dumps.
If there was an option of selling to Rubis like the biwotts did i.e. get 15.30 today while waiting for the "closing date" for the balance, I would have taken that deal!!!
TO VVS
Congrats VVS. I was encouraged to buy some KK few years ago (in 2015) because of your intelligent analysis. I am a long termer like you which is the trade mark of old people like us. I am mostly after dividend for passive income as dividends pay my bills anytime I am in Kenya.
Quite unlike your thoughts I was the few ones that decided to sell off KK few cents to 20 Bob per share. Not because I am hungry or I need quick Bob.
I am looking at opportunity cost of waiting till early next year (can be Feb mar Apr may or even June 2019) when transactions will be concluded to fully unlock the value at 23 Bob per share.
With this price jerk I still made a net capital gain of 52% and I have ready cash
to re-invest without injecting new funds.
On the flip side there are bountiful buying opportunities as most good stocks with solid fundamentals and high dividend yield are at their lows due to prolonged bearish sentiments in NSE. Name any good stock they are dirty cheap at current prices.
So yours truly decided to use the proceeds to position now as they may be expensive in Q1 2019, and this will qualify me for dividends as most counters year end is Dec so most earning reports are released from March upwards .
Name the good stocks they are numerous at low prices Safaricom, Eabl, Stanbic,
KCB, even Kengen cum 40 cents dividend etc etc.
Congrats once again and best wishes.
I thank you for your mature and intelligent contribution to wazua republic.
Sorry for your ARM adventure. To err is human and lesson learnt to move on.
In my journey in NSE I have had my hands burnt in some counters but I moved on and became stronger.
I alsp got my fingers burnt some years back in KPLC,Mumias and HFCK. I was also in ARM but cut some losses on time to recover some funds to re-invest.
Even at this moment 2 of my high dividend counters are in my (ICU) ie under close observation namely NMG and BAMBURI. That is why as long termers we have to review our portfolios say twice a year.
This is strictly my opinion it is not an advise for anyone to adopt. Different strokes for different folks......
From Mzee Young