Thursday, October 27, 2005
I came out the Nation Centre building at lunch time today and almost bumped into Mr. Okomo Okello, the Chairman of Serena Hotels (and Barclays Bank). I was tempted to ask him when the proposed restructuring of Serena that the board had told us about at the April AGM would ever take place (they had said in a few months) – but divulding such information to me would be insider trading, and would he even talk to stranger?
Still I was reminded that I wish had bought more Serena shares after that AGM instead of East African Breweries. Serena shares have gone from 52 shillings to a high of 90, and today closed up 4.5 shillings at 85.5 (almost 6% in one day).