stocksmaster wrote: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
@stocksmaster
I do not subscribe to your idea on LMT.A one off sales of fixed asset is not an indicator of future growth
of a company.
Companies are grown by deploying funds
to invest and make profit. Funds can be obtained by looking inwards that is ploughing back from fixed assets.
I do not equally like WT biz model. Splashing a
juicy special dividend from extra ordinary item (sales of fixed asset) is not a sustainable strategy. This thread I believe is about which stocks to pick for long term position not short term bread and butter. Regards
The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .