That was then,this is now,Guantanamera

https://www.businessdail...08914-f3mi62/index.html

Mini bull run coming

As we head into 2Q 2019, what next?

I am out of KK. Cash ni ndani but it needs to be deployed starting Monday.

I am willing to hold/wait for 5 years for a pay-off.

Banks look good. Should I add more to what I have?
Equity
I&M [Core]
NIC
Stanbic

Manufacturing is suffering but is it a chance to get in?
BOC? [I don't have any]
FTG [small holding]
ARM [dead and suspended]
Unga [Core. Will Seaboard be back? When? Higher price?]
Cables? [Zero]

Insurance?
Britam [none]
KenRe [Core. Politics?]

Services/Commerce
TPS? [I have some. Nairobi Serena will look and feel very different once it is complete]
C&G [I have some]
Longhorn [Taken off lately. Education is huge business]
Centum
Safaricom? [Expensive but what a performer]

Agrics
Williamson/Kapchorua [Some but the land issue is worrying]
Kakuzi [None but the land issue is worrying]

What I have no interest in owning given the drama, politics, prospects or lack of faith in their financials:
KQ [Negative NAV? Little prospect for a profit for 5 years without JKIA]
NBV
Kurwitu [No idea what it does]
Orchards
Sameer
Eveready
HAFR [Real estate is hurting]
Eagaads [Politics + Drama]
Mumias [Run into the ground]
Olympia [Run by a thief]
Uchumi [Dying]
Transcentury [Dying?]

*There are other firms that might be interesting but given the politics and Kenya's debt situation, I want to be cautious.
Firms need to handle their debt carefully. Don't expand too fast using debt.

Waiting to see how FTGH has performed in 2018 before I decide to buy more. I am not too concerned about outsize profits for FTGH. Just need to show that its a working business, making sales, paying debts, making cash. Its tough for such companies and the port delays will likely hurt them badly. But, if times change, if housing investment goes up, they are well placed to grow. Also quite diversified products and location.

Dont write off Transcentury. A turn around may be in the books if they are not feeding us hot air about a several billions order book. I am watching it for now.

Once the news hits the street, then new target price shall be 150.00.

Unless there is a takeover bid but realistically speaking it is unlikely to go much higher than 110/- at the moment though I would not mind.

I am staying put. I think there is a lot more to come from I&M.

Huge jump in deposits so there is room to lend.
New products and an updated app.
Rwanda is doing well though there are headwinds.
UG might see an I&M if the environment is right.

Long-term manenos. I am a-OK with that.

I have just so much cash to deploy.

I am already in "core" investments like:
KenRe
I&M
Unga [even in a tough year]
and I am slowly adding Centum to the list.

I want to stick to a MAXIMUM of 5 "core" investments for 80% of my assets.

So as you see I have Unga as a manufacturing play BUT manufacturing is suffering in KE vs the financials.

If the price of Bamburi came off to below 100, borrowing rates dropped to below 10%, and the construction industry looked like it was taking off then I would seriously look at Bamburi.

@xxxxx Please post your reasons on why Bamburi?

Dear @Obiero,

Now I understand why you are so confused given English is a tough language to master.

I said "I have just so much cash" which you interpreted as "I have so much cash" but this is not uncommon among those whose command of the English language is inadequate. Your knowledge of the subtleties of the English language is similar to your understanding of accounting and finance.

Certain words like "profit" and "dividend" are missing from your vocabulary but I attribute this to the lack of familiarity with such words.

In other words, so that you may understand, you are proficient in neither English nor Finance.

Nevertheless, please do not fret. As we say, practice makes perfect.

To help you start the process to overcome your inadequacies I have included a link that explains the idiomatic turn of phrase. https://dictionary.cambr...glish/only-so-much-many

Sincerely,

VVS

forgive

Makes sense but unless the construction picks up, where will they sell the cement? There's a lot of competition. I read that Simba Cement (Devki) picked up West Kenya's mining concessions.