More for @VVS. Heck, I am not too thrilled about the price either. Nov/Dec [as we approach the end of the year] is tough for me cash-wise. I hope prices moderate as we get into mid-Jan.

what are your three 'value' counters currently in your portfolio?

kk was stagnant for 2 years i think it has not rallied yet,it's just compensating the 2yrs before the next whole market upswing

Negotiations can only be done in camera for now and everything else disclosed thereafter.

Not at this price!

Give it to you guys..... Your patience on this share at 8-9 bob was great. You believed in its turnaround.

18 -20 share price will come sooner than you expect

A buffet saying comes to mind. A company's performance is more important the share price will take care of itself.

@Aguy - I try to understand and apply the lessons WB imparts.

I apply his teachings to my picks. Yes, I have made mistakes [KQ, Olympia]. I will still make mistakes but overall since I started taking a deeper look into what I buy, I think I have done OK. The #1 lesson - only invest if you TRUST the Management to do the right thing. [Yes, even then one can be fooled]

KenolKobil - I trust Ohana. I like the business and potential [more vehicles].
Unga - I trust Hutchinson. I like the business [we have to eat] and potential [as we urbanize]. Cheap.
I&M - I trust the Shahs [significant owners] & CDC [new shareholders so they must have done their DD]. Potential is not as good as Equity but it's good not superlative.
Kenya Re - I trust Mwarania but if there are changes I do not like I will bail. I like the business and potential [more insurance needs as the economy grows].

Smaller Positions:
TPSEA - I trust Janmohammed and AKFED. Tough sector. Low P/B thus attractive.
Williamson/Kapchorua - I trust Carmichael and who is closely watched by Magor [the largest shareholder]. He runs the firm for the long-term.
C&G - I trust Gidoomal [largest shareholder as a family]. Tough sector. High potential.
Equity - I trust Mwangi. He is SMART. I missed the boat in getting in at the bottom because I thought the interest cap would hit them (& KCB) the hardest. Mwangi found a way around it. Huge potential. I will add when there are dips.

Some of the "smaller" positions are historical positions. I will probably add to TPSEA and Equity, as cash is available, to move them into "Core Holdings" over time.

For all practical purposes... The NSE could shut down for 10 years and I would be a-OK with my holdings.

Our style is quite similar. I've been burned by bad management too on KQ, and escaped from Mumias narrowly. The lessons I learnt are what is responsible for my gains now. I learnt the lessons and I changed. Management,management, management. People see KQ rallying for one week and wanna buy it, but not me. Infact I have written of investing In any gov firm. We all know how they are run. To me even the whiff of a doubt about management is enough for me to bail. I bailed hfck, not because of hfck itself but association with britam. Ask yourself if Kenya Re falls in the group you described.

I feel like mlennyma, you and I should have a group hug. We have surely kept the faith. When we say 20 is a target in 2 years it sounded crazy to most people, but now people can believe. 14 is a pleasant surprise but I expect even more after elections.

Vindication +++