Wednesday, March 12, 2008 13:02
Buy Buy Buy those underpriced stocks and you will not regret.
KCB,NIC,KQ,Kengen are amongst the movers on the Golden Bull Run.
Watch this space!!
KCB-Buy 27-28 Sell 35-40
NIC-Buy 58-59 Sell 65-70
KQ-Buy 48-50 Sell 60-65
Kengen-Buy 25-27 Sell 35-40
I do not need to explain the fundamentals since all the above are solid companies with a pontential to grow their business.
@Ugandan-Buy now or else you may miss the bus!!! Like Sober put it "You will be laughing your way to the bank" True Safcom will have its effects on other counters but for a short term only. My advise if you are holding any of the above stocks dont sell now.
OK a case study:-
XYZ had invested Kshs1,000,000/- on the stock market.
His holding:- 40,000 KCB Shares bought at Kshs25/- each.
Thinking that this counter was depressed with the coming of the safaricom IPO he decided to liquidate his holding.
Sells:- 40,000 KCB Shares @ Kshs 27/-
Profit:-Kshs80,000/-
He than applies for the Safaricom IPO Kshs5/- per share
After 3 months he receives his allocation-2000 shares and a refund Kshs 990,000/-
Safaricom is now trading at Kshs25/- so he now liquidates his holding of 2000 shares.
Profit-Kshs40,000/-
He now wants to invest the balance of Kshs990,000/- into KCB but this time round it is trading at Kshs35
XYZ now wonders:-
His total profit-Kshs80,000/-(KCB) + Kshs40,000(Safcom)= Kshs120,000
Had he decided to sell his KCB holding at this time-40,000 shares @ Kshs35 (Kshs10/- per share profit)-Kshs400,000/-
So what is sweeter-Honey or sugar?????
@Enigma-My advice your decision
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