Kenyan oil investor who made Sh. 80m investing in oil companies.
John Kibunga Kimani. A name that has not crossed my mind either in the investing community, until today. He has sold his stocks worth $800,000 from the oil company, Total Kenya. His face is cannot easily be found on the internet because he's not a fan of photos in the media. Interesting person...very interesting. Might call him Batman from here...
“Kibunga Kimani was the second leading investor in Total Kenya, after Total SA of France which holds 93.96% stake in the company.”
He started selling his stocks piece by piece since 2017 up to end of 2018.
Being a fan of low stocks
After making a huge amount of profit from Total Kenya, a company that was one of the leading oil distributors in Kenya from 2016 to 2018, he decided to invest in one of his various portfolios, Kakuzi Limited. Kakuzi Limited is a company that deals in agriculture production and fishing. When H.E Uhuru Kenyatta had mentioned his Big Four Agenda in his manifesto while vying for the presidential seat, he was keen on being part of that agenda. How he knew who was going to be president, I don't know. Politics is politics.
At the start of the year 2019, Kakuzi's share price was at Sh. 320. Towards the end of the year, it gained to Sh. 422. A 31% profit increase. He made a choice to go for a company whose value was going to rise due to the environmental effect. Business was going to become very good for the company. Agriculture was going to become the main focus of the government being a main agenda in the Big Four Agenda.
Belief in the company's strong foundation
He had previously been investing in the company since the start of the decade. He knew the pros and cons of how the company conducted their business. The amount of patience he had is top of the game. In 2019, the company's stock has declined in value towards the end of the year, having a stock price of . He still placed all his bets on it buy purchasing an additional 263,526 shares with a current market value of Sh101 million, raising his stake to a new high of 32 percent. Belief my friends, belief. (Source: Business Daily)
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