ksh 245 today. Where is this one running to? Might make the rights price expensive.

I am bullish on this stock and expect the price to approach the Ksh 270 range once the 1st Half 2010 results and the rights issue details are announced (Refer to my earlier post on Playing the Market; A New Year Resolution)

Currently trading at a P/E of 14.3, it is cheaper than Backlays at a P/E 15.33. This is despite the fact that the company announced a 39% Q1 rise in profits.

The impending rights issue for 27M additional shares looks likely to be at a 1:10 offer and at an attractive price if the target Ksh 2.5B is maintained.

The company also has a habit of issuing interim dividends at the half year mark.

A 10% capital gain is possible within the next two weeks.

Happy hunting.

250 and still galloping, be still my beating heart.....

@horton, don't tell me you are also waiting for SASN and MSC to shoot through the stratosphere in Sep/Oct, and made a bad call getting into KQ at 54 at the prompting of @vvs?

Nope got no SASN, bought MSC at 4bob, got out at 11.40. Have no KQ.
Only have KK, SCBK, Carbacid & REA