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3rd Quarter Rally........What to buy
Rank: Member Joined: 9/26/2006 Posts: 389 Location: CENTRAL PROVINCE
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The market seems to be bullish on the expectations of good 3rd quarter results.
My rating of some stocks at current prices is as follows:
1. KCB - As price approaches Ksh 50 - Hold
2. CFC - At current prices; Accumulate on price dips below Ksh 80.
3. Coop Bank - Buy with target price of Ksh 19
4. Equity Bank - Buy with target price of Ksh 40
5. HFCK - Buy with target price Ksh 29
6. Safaricom - Accumulate at price dips below Ksh 9.00
Happy Hunting.
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Rank: Veteran Joined: 3/26/2012 Posts: 985 Location: Dar es salaam,Tanzania
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you have left behind Britam (Good volumes and increased foreign interest for last 4 trading sessions;plus a bullish chart breakout on price above 8.7) and Kengen (Bullish chart) Exit volumes on Kenya Re and Kenol kobil
“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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Rank: Elder Joined: 7/21/2010 Posts: 6,175 Location: nairobi
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Kenol exit 12 unless some buyout crops up "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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No forget: 1. Pan Africa with exit of 90bob 2. Portland with exit of 85bob Hunt wisely! Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 6/20/2007 Posts: 2,037 Location: Lagos, Nigeria
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Following the trend and improved performance, this is my take for speculators, but plan to exit by Apr - Jun 2014:- Safaricom 15 bob EABL 420 bob KCB 60 bob Equity 50 bob Panafric 90 Bob Kengen 22 bob ARM 90 bob Kenol 13 bob HFCK 35 bob 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. .
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Metasploit wrote:
Exit volumes on Kenya Re and Kenol kobil
These shall see good days once the selling presure is done. ... They are a BUY all the way to where the sellers are willing to go
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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For short term, eyes on banking counters whose Q3 financials are now due. ... Betting on CFC & Equity
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Rank: Veteran Joined: 2/10/2010 Posts: 1,001 Location: River Road
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The market is too pricey, dividend yields too low, you are better off keeping your cash in the money market
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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mkonomtupu wrote:The market is too pricey, dividend yields too low, you are better off keeping your cash in the money market Stock market trumping money market on dividend yield plus capital gains
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Rank: Member Joined: 9/26/2006 Posts: 389 Location: CENTRAL PROVINCE
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mkonomtupu wrote:The market is too pricey, dividend yields too low, you are better off keeping your cash in the money market It all depends on ones risk appetite. About a month ago, Safaricom was trading come dividend at a price of Ksh 7.50; now its at Ksh 9.20...thats a 22.5% per month net capital gains if you factor the dividends of Ksh 0.31 as equivalent to transaction costs incurred during purchase.....the best offer from the money market during that period is the 12 year infrastructure bond with a tax free return of 12.393 per year (about 1% per month). It will take the Infrastructure bond investor 2 years to make what the safaricom investor will have made in the last 30 days all because of the risk one was ready to take. Happy Hunting.
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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mkonomtupu wrote:The market is too pricey, dividend yields too low, you are better off keeping your cash in the money market The forward dividend yield on Pan Africa is mouth watering! Mark 12:29
Deuteronomy 4:16
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Rank: Veteran Joined: 3/26/2012 Posts: 985 Location: Dar es salaam,Tanzania
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mwekez@ji wrote:Metasploit wrote:
Exit volumes on Kenya Re and Kenol kobil
These shall see good days once the selling presure is done. ... They are a BUY all the way to where the sellers are willing to go @Mwekezaji I learnt a hard lesson to concentrate only on blue chips and other foreign friendly counters, during bulls.2013 rally has been due to unrelenting foreign bids and they(foreigners) are very picky.Thats why we have good stocks like kenya re trading at very low PEs
“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Metasploit wrote:mwekez@ji wrote:Metasploit wrote:
Exit volumes on Kenya Re and Kenol kobil
These shall see good days once the selling presure is done. ... They are a BUY all the way to where the sellers are willing to go @Mwekezaji I learnt a hard lesson to concentrate only on blue chips and other foreign friendly counters, during bulls.2013 rally has been due to unrelenting foreign bids and they(foreigners) are very picky.Thats why we have good stocks like kenya re trading at very low PEs Foreign interest in the big cap counters is one of the reason I like Equity Bank. However, I don’t think that should be a reason to ignore other highly undervalued counters. Counter like CFC, HFCK are seeing good days without foreign inflow. KenyaRe and KK will also have their day.
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Rank: Elder Joined: 9/15/2006 Posts: 3,901
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Why do I have a feeling by the end of this thread we'll have most counters mentioned? Anyway, a rising tide raises all boats; from the battered canoe to the five star cruise liner 
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Rank: Member Joined: 8/14/2009 Posts: 244
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I will keep my eyes open over the next few weeks
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Rank: Chief Joined: 1/3/2007 Posts: 18,052 Location: Nairobi
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stocksmaster wrote:mkonomtupu wrote:The market is too pricey, dividend yields too low, you are better off keeping your cash in the money market It all depends on ones risk appetite. About a month ago, Safaricom was trading come dividend at a price of Ksh 7.50; now its at Ksh 9.20...thats a 22.5% per month net capital gains if you factor the dividends of Ksh 0.31 as equivalent to transaction costs incurred during purchase.....the best offer from the money market during that period is the 12 year infrastructure bond with a tax free return of 12.393 per year (about 1% per month). It will take the Infrastructure bond investor 2 years to make what the safaricom investor will have made in the last 30 days all because of the risk one was ready to take. Happy Hunting. History. IMHO, at 9.20 Safcom looks very pricey. It can go higher but just not for me. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Invest In Stocks, Even If Prices Rise It might seem like a daredevil approach these days, but you should invest in stocks. Yes, prices are higher than last month and much higher than the beginning of the year, but still…invest in stocks. Why am I so sure? ... read on >>> Wazua Feature
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Rank: Elder Joined: 7/11/2012 Posts: 5,222
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stocksmaster wrote:The market seems to be bullish on the expectations of good 3rd quarter results.
My rating of some stocks at current prices is as follows:
1. KCB - As price approaches Ksh 50 - Hold
2. CFC - At current prices; Accumulate on price dips below Ksh 80.
3. Coop Bank - Buy with target price of Ksh 19
4. Equity Bank - Buy with target price of Ksh 40
5. HFCK - Buy with target price Ksh 29
6. Safaricom - Accumulate at price dips below Ksh 9.00
Happy Hunting. Erokamano
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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mwekez@ji wrote:Metasploit wrote:
Exit volumes on Kenya Re and Kenol kobil
These shall see good days once the selling presure is done. ... They are a BUY all the way to where the sellers are willing to go yep. and the fact that they are not rallying with the others of course with a check on fundamentals. these are the stocks to buy The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Veteran Joined: 3/26/2012 Posts: 985 Location: Dar es salaam,Tanzania
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I have taken a walk on the NSE and i see desperate buyers.No supply for Home Afrikue.Diminishing supply for EABL ,Britam etc.I dont regret making an entry into equity(7% gain already) two days ago.Now am torn between EABL(at 350),Britam at 9.00 or i get some HFCK at 26.50(This one is yet to see some real madness before Thursday). Foreigners are NET buyers while the local complains of overvalued stocks.The ghana stock exchange is already 69% YTD ITS A TRADERS PARADISE
“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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3rd Quarter Rally........What to buy
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