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Equity Bank FY 2018 net profit up 5%
Kibe21
#121 Posted : Thursday, August 13, 2020 7:39:27 PM
Rank: New-farer


Joined: 8/1/2018
Posts: 39
Location: Nairobi
Angelica _ann wrote:
Kibe21 wrote:
KCB @30/= EQT @28/= is it the right time to jump in?


Nope don't try catching a hot sharp knife, you know the consequences and result. Relax, you will buy them sub 20 soon.


smile even juicier. My guess is pre-election jitters will be a hurdle in 21/22 safe bet is KCB/Equity will be back to +50/= post 2022.
Balaa
#122 Posted : Friday, August 14, 2020 10:28:26 AM
Rank: Member


Joined: 7/6/2018
Posts: 148
Location: Kinshasa
Kibe21 wrote:
Angelica _ann wrote:
Kibe21 wrote:
KCB @30/= EQT @28/= is it the right time to jump in?


Nope don't try catching a hot sharp knife, you know the consequences and result. Relax, you will buy them sub 20 soon.


smile even juicier. My guess is pre-election jitters will be a hurdle in 21/22 safe bet is KCB/Equity will be back to +50/= post 2022.


As you strategize remember that ordinarily, stock market price falls take a lift on the way down whereas price rallies take the elevator on the way up. Just don't sink in money you would be needing in the next 10 years. That's my strategy, and it's enabled me sleep easy. Granted some stock price rallies may occasionally take a lift on the way up once in a while, but I don't do luck. I speak from a position of many years' experience.
Kibe21
#123 Posted : Friday, August 14, 2020 4:23:08 PM
Rank: New-farer


Joined: 8/1/2018
Posts: 39
Location: Nairobi
Balaa wrote:
Kibe21 wrote:
Angelica _ann wrote:
Kibe21 wrote:
KCB @30/= EQT @28/= is it the right time to jump in?


Nope don't try catching a hot sharp knife, you know the consequences and result. Relax, you will buy them sub 20 soon.


smile even juicier. My guess is pre-election jitters will be a hurdle in 21/22 safe bet is KCB/Equity will be back to +50/= post 2022.


As you strategize remember that ordinarily, stock market price falls take a lift on the way down whereas price rallies take the elevator on the way up. Just don't sink in money you would be needing in the next 10 years. That's my strategy, and it's enabled me sleep easy. Granted some stock price rallies may occasionally take a lift on the way up once in a while, but I don't do luck. I speak from a position of many years' experience.


Balaa advice is much appreciated. My predicament, I don't have the kind of money that I won't need in 5years let alone 10.
I'm looking for a short term investment that I can easily liquidate to meet other obligations in 6months to one year. Your advice?
MaichBlack
#124 Posted : Friday, August 14, 2020 4:29:55 PM
Rank: Elder


Joined: 7/22/2009
Posts: 7,340
Kibe21 wrote:
Balaa wrote:
Kibe21 wrote:
Angelica _ann wrote:
Kibe21 wrote:
KCB @30/= EQT @28/= is it the right time to jump in?


Nope don't try catching a hot sharp knife, you know the consequences and result. Relax, you will buy them sub 20 soon.


smile even juicier. My guess is pre-election jitters will be a hurdle in 21/22 safe bet is KCB/Equity will be back to +50/= post 2022.


As you strategize remember that ordinarily, stock market price falls take a lift on the way down whereas price rallies take the elevator on the way up. Just don't sink in money you would be needing in the next 10 years. That's my strategy, and it's enabled me sleep easy. Granted some stock price rallies may occasionally take a lift on the way up once in a while, but I don't do luck. I speak from a position of many years' experience.


Balaa advice is much appreciated. My predicament, I don't have the kind of money that I won't need in 5years let alone 10.
I'm looking for a short term investment that I can easily liquidate to meet other obligations in 6months to one year. Your advice?

10 years is an extreme overstatement.
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
Angelica _ann
#125 Posted : Friday, August 14, 2020 4:31:20 PM
Rank: Elder


Joined: 12/7/2012
Posts: 11,700
MaichBlack wrote:
Kibe21 wrote:
Balaa wrote:
Kibe21 wrote:
Angelica _ann wrote:
Kibe21 wrote:
KCB @30/= EQT @28/= is it the right time to jump in?


Nope don't try catching a hot sharp knife, you know the consequences and result. Relax, you will buy them sub 20 soon.


smile even juicier. My guess is pre-election jitters will be a hurdle in 21/22 safe bet is KCB/Equity will be back to +50/= post 2022.


As you strategize remember that ordinarily, stock market price falls take a lift on the way down whereas price rallies take the elevator on the way up. Just don't sink in money you would be needing in the next 10 years. That's my strategy, and it's enabled me sleep easy. Granted some stock price rallies may occasionally take a lift on the way up once in a while, but I don't do luck. I speak from a position of many years' experience.


Balaa advice is much appreciated. My predicament, I don't have the kind of money that I won't need in 5years let alone 10.
I'm looking for a short term investment that I can easily liquidate to meet other obligations in 6months to one year. Your advice?

10 years is an extreme overstatement.

3 years is good, though 6 months is a bit tight.
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
VituVingiSana
#126 Posted : Friday, August 14, 2020 6:57:23 PM
Rank: Chief


Joined: 1/3/2007
Posts: 17,199
Location: Nairobi
MaichBlack wrote:
Kibe21 wrote:
Balaa wrote:
Kibe21 wrote:
Angelica _ann wrote:
Kibe21 wrote:
KCB @30/= EQT @28/= is it the right time to jump in?


Nope don't try catching a hot sharp knife, you know the consequences and result. Relax, you will buy them sub 20 soon.


smile even juicier. My guess is pre-election jitters will be a hurdle in 21/22 safe bet is KCB/Equity will be back to +50/= post 2022.


As you strategize remember that ordinarily, stock market price falls take a lift on the way down whereas price rallies take the elevator on the way up. Just don't sink in money you would be needing in the next 10 years. That's my strategy, and it's enabled me sleep easy. Granted some stock price rallies may occasionally take a lift on the way up once in a while, but I don't do luck. I speak from a position of many years' experience.


Balaa advice is much appreciated. My predicament, I don't have the kind of money that I won't need in 5years let alone 10.
I'm looking for a short term investment that I can easily liquidate to meet other obligations in 6months to one year. Your advice?

10 years is an extreme overstatement.
Not necessarily though I understand the impatience. Warren Buffett has held Coca Cola, AMEX, etc for 10+ years.

Imagine having bought Apple in 2010!

I am not saying one should buy and not monitor the firm's performance though!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ebenyo
#127 Posted : Friday, August 14, 2020 9:39:28 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,866
Location: Kitale
MaichBlack wrote:
Kibe21 wrote:
Balaa wrote:
Kibe21 wrote:
Angelica _ann wrote:
Kibe21 wrote:
KCB @30/= EQT @28/= is it the right time to jump in?


Nope don't try catching a hot sharp knife, you know the consequences and result. Relax, you will buy them sub 20 soon.


smile even juicier. My guess is pre-election jitters will be a hurdle in 21/22 safe bet is KCB/Equity will be back to +50/= post 2022.


As you strategize remember that ordinarily, stock market price falls take a lift on the way down whereas price rallies take the elevator on the way up. Just don't sink in money you would be needing in the next 10 years. That's my strategy, and it's enabled me sleep easy. Granted some stock price rallies may occasionally take a lift on the way up once in a while, but I don't do luck. I speak from a position of many years' experience.


Balaa advice is much appreciated. My predicament, I don't have the kind of money that I won't need in 5years let alone 10.
I'm looking for a short term investment that I can easily liquidate to meet other obligations in 6months to one year. Your advice?

10 years is an extreme overstatement.



It's more realistic.5 years is also good.Below that not advisable.Let this guy take a money market unit trust.thats for short term goals.
Towards the goal of financial freedom
mulla
#128 Posted : Saturday, August 15, 2020 10:32:20 AM
Rank: Member


Joined: 6/15/2013
Posts: 297
Kibe21 wrote:
Angelica _ann wrote:
Kibe21 wrote:
KCB @30/= EQT @28/= is it the right time to jump in?


Nope don't try catching a hot sharp knife, you know the consequences and result. Relax, you will buy them sub 20 soon.


smile even juicier. My guess is pre-election jitters will be a hurdle in 21/22 safe bet is KCB/Equity will be back to +50/= post 2022.


I think current corona prices have already factored in PAT -40% for KCB. There wasn't much blood bath on Friday post announcement. I don't think prices will drop much further down. Recovery of share price will be a long road. I may be wrong but that's my take.
MaichBlack
#129 Posted : Monday, August 17, 2020 6:07:58 PM
Rank: Elder


Joined: 7/22/2009
Posts: 7,340
nairobby wrote:
Kibe21 wrote:
KCB @30/= EQT @28/= is it the right time to jump in?


It's a good time to jump in

Make your own decision. If you listen to people so much, you might get misled. Especially with something that elicits emotions (like the uncertainties brought about by COVID-19)

I am NOT saying you should not listen to people. Wazua has very great minds and experienced people and they will give great advice. But once in a very long while "we are all" wrong on something. Okay, most people.

Example: Safaricom. When it was going for 2.xy 97% of Wazuans wrote its obituary. And everyone had facts - Bruising price wars, voice is dead, it has too many shares - they would have to be consolidated etc. The collective wisdom was DON'T TOUCH SAFARICOM. It has no hope. Search for old Safaricom threads here you will see (there were many). Oh how wrong (almost) everyone was!! Those who didn't listen can NEVER be in the red. They make more than the purchase price ever two years in dividends and the share trades consistently at more than 10 times their buying price.

Personally I have bought Equity heavily. Waiting to make my last two purchases in the next couple of days/weeks then sit pretty.
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
MaichBlack
#130 Posted : Monday, August 17, 2020 6:12:37 PM
Rank: Elder


Joined: 7/22/2009
Posts: 7,340
mulla wrote:
Kibe21 wrote:
Angelica _ann wrote:
Kibe21 wrote:
KCB @30/= EQT @28/= is it the right time to jump in?


Nope don't try catching a hot sharp knife, you know the consequences and result. Relax, you will buy them sub 20 soon.


smile even juicier. My guess is pre-election jitters will be a hurdle in 21/22 safe bet is KCB/Equity will be back to +50/= post 2022.


I think current corona prices have already factored in PAT -40% for KCB. There wasn't much blood bath on Friday post announcement. I don't think prices will drop much further down. Recovery of share price will be a long road. I may be wrong but that's my take.

I think even Wanjiku now has some knowledge on how to interpret results. They understood that the drop on profits is because of increased provisioning due to the current business/health/economic situation. This will not be a permanent phenomenon.

You don't sell your matatu in the middle of the day just because the fares are down by 40% you know the rush hour will definitely be back!!!
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
MaichBlack
#131 Posted : Monday, August 17, 2020 6:20:37 PM
Rank: Elder


Joined: 7/22/2009
Posts: 7,340
MaichBlack wrote:
nairobby wrote:
Kibe21 wrote:
KCB @30/= EQT @28/= is it the right time to jump in?


It's a good time to jump in

Make your own decision. If you listen to people so much, you might get misled. Especially with something that elicits emotions (like the uncertainties brought about by COVID-19)

I am NOT saying you should not listen to people. Wazua has very great minds and experienced people and they will give great advice. But once in a very long while "we are all" wrong on something. Okay, most people.

Example: Safaricom. When it was going for 2.xy 97% of Wazuans wrote its obituary. And everyone had facts - Bruising price wars, voice is dead, it has too many shares - they would have to be consolidated etc. The collective wisdom was DON'T TOUCH SAFARICOM. It has no hope. Search for old Safaricom threads here you will see (there were many). Oh how (almost) everyone was!! Those who didn't listen can NEVER be in the red. They make more than the purchase price ever two years and the share trades consistently at more than 10 times the buying price.

Personally I have bought Equity heavily. Waiting to make my last two purchases in the next couple of days/weeks then sit pretty.

I can give you two or three other stocks but Safaricom is by far the biggest gaffe in Wazua history. There were almost no opposing voice to the popular wisdom that "Safaricom had no future and there was no way it would make money going forward". The few who thought otherwise were either afraid to comment or had their voices drowned! Given the giant Safaricom has become including in financial terms, this has to be the one that goes down in Wazua history.
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
VituVingiSana
#132 Posted : Monday, August 17, 2020 6:36:35 PM
Rank: Chief


Joined: 1/3/2007
Posts: 17,199
Location: Nairobi
MaichBlack wrote:
nairobby wrote:
Kibe21 wrote:
KCB @30/= EQT @28/= is it the right time to jump in?


It's a good time to jump in

Make your own decision. If you listen to people so much, you might get misled. Especially with something that elicits emotions (like the uncertainties brought about by COVID-19)

I am NOT saying you should not listen to people. Wazua has very great minds and experienced people and they will give great advice. But once in a very long while "we are all" wrong on something. Okay, most people.

Example: Safaricom. When it was going for 2.xy 97% of Wazuans wrote its obituary. And everyone had facts - Bruising price wars, voice is dead, it has too many shares - they would have to be consolidated etc. The collective wisdom was DON'T TOUCH SAFARICOM. It has no hope. Search for old Safaricom threads here you will see (there were many). Oh how (almost) everyone was!! Those who didn't listen can NEVER be in the red. They make more than the purchase price ever two years and the share trades consistently at more than 10 times the buying price.

Personally I have bought Equity heavily. Waiting to make my last two purchases in the next couple of days/weeks then sit pretty.
Applause Applause Applause
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
MaichBlack
#133 Posted : Tuesday, August 25, 2020 12:29:28 PM
Rank: Elder


Joined: 7/22/2009
Posts: 7,340
MaichBlack wrote:
nairobby wrote:
Kibe21 wrote:
KCB @30/= EQT @28/= is it the right time to jump in?


It's a good time to jump in

Make your own decision. If you listen to people so much, you might get misled. Especially with something that elicits emotions (like the uncertainties brought about by COVID-19)

I am NOT saying you should not listen to people. Wazua has very great minds and experienced people and they will give great advice. But once in a very long while "we are all" wrong on something. Okay, most people.

Example: Safaricom. When it was going for 2.xy 97% of Wazuans wrote its obituary. And everyone had facts - Bruising price wars, voice is dead, it has too many shares - they would have to be consolidated etc. The collective wisdom was DON'T TOUCH SAFARICOM. It has no hope. Search for old Safaricom threads here you will see (there were many). Oh how wrong (almost) everyone was!! Those who didn't listen can NEVER be in the red. They make more than the purchase price ever two years in dividends and the share trades consistently at more than 10 times their buying price.

Personally I have bought Equity heavily. Waiting to make my last two purchases in the next couple of days/weeks then sit pretty.

See what I was telling you @nairobby. If you bought Equity, you would be 20%+ in the money in two weeks. Depending on how you invest/trade, you could sell, wait for prices to go back south if you feel they might or keep your 20% and sing hallelujah!!! Either way, it would be a win! And something had already told you to jump in!!
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
nairobby
#134 Posted : Tuesday, August 25, 2020 2:05:25 PM
Rank: Member


Joined: 1/18/2019
Posts: 184
Location: kenya
MaichBlack wrote:
MaichBlack wrote:
nairobby wrote:
Kibe21 wrote:
KCB @30/= EQT @28/= is it the right time to jump in?


It's a good time to jump in

Make your own decision. If you listen to people so much, you might get misled. Especially with something that elicits emotions (like the uncertainties brought about by COVID-19)

I am NOT saying you should not listen to people. Wazua has very great minds and experienced people and they will give great advice. But once in a very long while "we are all" wrong on something. Okay, most people.

Example: Safaricom. When it was going for 2.xy 97% of Wazuans wrote its obituary. And everyone had facts - Bruising price wars, voice is dead, it has too many shares - they would have to be consolidated etc. The collective wisdom was DON'T TOUCH SAFARICOM. It has no hope. Search for old Safaricom threads here you will see (there were many). Oh how wrong (almost) everyone was!! Those who didn't listen can NEVER be in the red. They make more than the purchase price ever two years in dividends and the share trades consistently at more than 10 times their buying price.

Personally I have bought Equity heavily. Waiting to make my last two purchases in the next couple of days/weeks then sit pretty.

See what I was telling you @nairobby. If you bought Equity, you would be 20%+ in the money in two weeks. Depending on how you invest/trade, you could sell, wait for prices to go back south if you feel they might or keep your 20% and sing hallelujah!!! Either way, it would be a win! And something had already told you to jump in!!


Like I said, it was a good time to jump in. Bought a large supply at 28.75. Equity trading at 0.8x BV was a no brainer for me.
Sufficiently Philanga....thropic
#135 Posted : Tuesday, August 25, 2020 2:44:03 PM
Rank: Elder


Joined: 9/23/2010
Posts: 2,112
Location: Sundowner,Amboseli
MaichBlack wrote:
MaichBlack wrote:
nairobby wrote:
Kibe21 wrote:
KCB @30/= EQT @28/= is it the right time to jump in?


It's a good time to jump in

Make your own decision. If you listen to people so much, you might get misled. Especially with something that elicits emotions (like the uncertainties brought about by COVID-19)

I am NOT saying you should not listen to people. Wazua has very great minds and experienced people and they will give great advice. But once in a very long while "we are all" wrong on something. Okay, most people.

Example: Safaricom. When it was going for 2.xy 97% of Wazuans wrote its obituary. And everyone had facts - Bruising price wars, voice is dead, it has too many shares - they would have to be consolidated etc. The collective wisdom was DON'T TOUCH SAFARICOM. It has no hope. Search for old Safaricom threads here you will see (there were many). Oh how wrong (almost) everyone was!! Those who didn't listen can NEVER be in the red. They make more than the purchase price ever two years in dividends and the share trades consistently at more than 10 times their buying price.

Personally I have bought Equity heavily. Waiting to make my last two purchases in the next couple of days/weeks then sit pretty.

See what I was telling you @nairobby. If you bought Equity, you would be 20%+ in the money in two weeks. Depending on how you invest/trade, you could sell, wait for prices to go back south if you feel they might or keep your 20% and sing hallelujah!!! Either way, it would be a win! And something had already told you to jump in!!


True @MaishBlack, easy 20% in less than 2 weeksApplause Applause Applause
Markets
sqft
#136 Posted : Tuesday, August 25, 2020 3:47:31 PM
Rank: Member


Joined: 1/10/2015
Posts: 701
Location: Kenya
Sufficiently Philanga....thropic wrote:
MaichBlack wrote:
MaichBlack wrote:
nairobby wrote:
Kibe21 wrote:
KCB @30/= EQT @28/= is it the right time to jump in?


It's a good time to jump in

Make your own decision. If you listen to people so much, you might get misled. Especially with something that elicits emotions (like the uncertainties brought about by COVID-19)

I am NOT saying you should not listen to people. Wazua has very great minds and experienced people and they will give great advice. But once in a very long while "we are all" wrong on something. Okay, most people.

Example: Safaricom. When it was going for 2.xy 97% of Wazuans wrote its obituary. And everyone had facts - Bruising price wars, voice is dead, it has too many shares - they would have to be consolidated etc. The collective wisdom was DON'T TOUCH SAFARICOM. It has no hope. Search for old Safaricom threads here you will see (there were many). Oh how wrong (almost) everyone was!! Those who didn't listen can NEVER be in the red. They make more than the purchase price ever two years in dividends and the share trades consistently at more than 10 times their buying price.

Personally I have bought Equity heavily. Waiting to make my last two purchases in the next couple of days/weeks then sit pretty.

See what I was telling you @nairobby. If you bought Equity, you would be 20%+ in the money in two weeks. Depending on how you invest/trade, you could sell, wait for prices to go back south if you feel they might or keep your 20% and sing hallelujah!!! Either way, it would be a win! And something had already told you to jump in!!


True @MaishBlack, easy 20% in less than 2 weeksApplause Applause Applause


Hindsight is 20/20.
Exodus 20:17 Thou shall not covet thy neighbour's house, thou shall not covet thy neighbour's wife, nor his manservant, nor his maidservant, nor his ox, nor his ass, nor any thing that is thy neighbour's.
MaichBlack
#137 Posted : Wednesday, August 26, 2020 12:32:44 PM
Rank: Elder


Joined: 7/22/2009
Posts: 7,340
sqft wrote:
Sufficiently Philanga....thropic wrote:
MaichBlack wrote:
MaichBlack wrote:
nairobby wrote:
Kibe21 wrote:
KCB @30/= EQT @28/= is it the right time to jump in?


It's a good time to jump in

Make your own decision. If you listen to people so much, you might get misled. Especially with something that elicits emotions (like the uncertainties brought about by COVID-19)

I am NOT saying you should not listen to people. Wazua has very great minds and experienced people and they will give great advice. But once in a very long while "we are all" wrong on something. Okay, most people.

Example: Safaricom. When it was going for 2.xy 97% of Wazuans wrote its obituary. And everyone had facts - Bruising price wars, voice is dead, it has too many shares - they would have to be consolidated etc. The collective wisdom was DON'T TOUCH SAFARICOM. It has no hope. Search for old Safaricom threads here you will see (there were many). Oh how wrong (almost) everyone was!! Those who didn't listen can NEVER be in the red. They make more than the purchase price ever two years in dividends and the share trades consistently at more than 10 times their buying price.

Personally I have bought Equity heavily. Waiting to make my last two purchases in the next couple of days/weeks then sit pretty.

See what I was telling you @nairobby. If you bought Equity, you would be 20%+ in the money in two weeks. Depending on how you invest/trade, you could sell, wait for prices to go back south if you feel they might or keep your 20% and sing hallelujah!!! Either way, it would be a win! And something had already told you to jump in!!


True @MaishBlack, easy 20% in less than 2 weeksApplause Applause Applause


Hindsight is 20/20.

Hindsight??? This was real time. Look at the dates.
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
mlennyma
#138 Posted : Wednesday, August 26, 2020 12:36:15 PM
Rank: Elder


Joined: 7/21/2010
Posts: 6,052
Location: nairobi
MaichBlack wrote:
sqft wrote:
Sufficiently Philanga....thropic wrote:
MaichBlack wrote:
MaichBlack wrote:
nairobby wrote:
Kibe21 wrote:
KCB @30/= EQT @28/= is it the right time to jump in?


It's a good time to jump in

Make your own decision. If you listen to people so much, you might get misled. Especially with something that elicits emotions (like the uncertainties brought about by COVID-19)

I am NOT saying you should not listen to people. Wazua has very great minds and experienced people and they will give great advice. But once in a very long while "we are all" wrong on something. Okay, most people.

Example: Safaricom. When it was going for 2.xy 97% of Wazuans wrote its obituary. And everyone had facts - Bruising price wars, voice is dead, it has too many shares - they would have to be consolidated etc. The collective wisdom was DON'T TOUCH SAFARICOM. It has no hope. Search for old Safaricom threads here you will see (there were many). Oh how wrong (almost) everyone was!! Those who didn't listen can NEVER be in the red. They make more than the purchase price ever two years in dividends and the share trades consistently at more than 10 times their buying price.

Personally I have bought Equity heavily. Waiting to make my last two purchases in the next couple of days/weeks then sit pretty.

See what I was telling you @nairobby. If you bought Equity, you would be 20%+ in the money in two weeks. Depending on how you invest/trade, you could sell, wait for prices to go back south if you feel they might or keep your 20% and sing hallelujah!!! Either way, it would be a win! And something had already told you to jump in!!


True @MaishBlack, easy 20% in less than 2 weeksApplause Applause Applause


Hindsight is 20/20.

Hindsight??? This was real time. Look at the dates.

if you depend on people to make a decision you accomplish nothing
"Don't let the fear of losing be greater than the excitement of winning."
MaichBlack
#139 Posted : Wednesday, August 26, 2020 12:36:25 PM
Rank: Elder


Joined: 7/22/2009
Posts: 7,340
MaichBlack wrote:
mulla wrote:
Kibe21 wrote:
Angelica _ann wrote:
Kibe21 wrote:
KCB @30/= EQT @28/= is it the right time to jump in?


Nope don't try catching a hot sharp knife, you know the consequences and result. Relax, you will buy them sub 20 soon.


smile even juicier. My guess is pre-election jitters will be a hurdle in 21/22 safe bet is KCB/Equity will be back to +50/= post 2022.


I think current corona prices have already factored in PAT -40% for KCB. There wasn't much blood bath on Friday post announcement. I don't think prices will drop much further down. Recovery of share price will be a long road. I may be wrong but that's my take.

I think even Wanjiku now has some knowledge on how to interpret results. They understood that the drop on profits is because of increased provisioning due to the current business/health/economic situation. This will not be a permanent phenomenon.

You don't sell your matatu in the middle of the day just because the fares are down by 40% you know the rush hour will definitely be back!!!

Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
MaichBlack
#140 Posted : Thursday, August 27, 2020 10:53:33 AM
Rank: Elder


Joined: 7/22/2009
Posts: 7,340
KCB 36/=, Equity 36/=

29% gain in two weeks.

Talk about steroids.

@Kibe21 I hope you are enjoying the ride.
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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