Quarterly portfolio review after last snapshot in November 2008
The Stable
Diamond Trust ↓
KCB ↓
Safaricom ↓
Scangroup ↓
Stanbic (Uganda) ↓
Changes
- Best performer: Diamond Trust -8%
- Worst performer Stanbic – 33%, Safaricom -23%
- In: none
- Out: none, but sold a little KCB in January
Events & Outlook
- Performance: Portfolio is down 20% in the last three months while the NSE Index is down 25%
- Did not buy KQ and Kengen as expected, but that should happen in the next few weeks as prices continue to drop
- Sat out the Co-OP IPO and made just one trade in three months (sold some KCB in January). Are brokers generating enough income to stay afloat? I hope they don’t try and introduce new charges levied on dormant investor accounts
- Money markets: Got started in money markets by signing up with a CBA Unit Trust
- Bond markets: The Government of Kenya has lowered the minimum investment for GoK treasury bonds to just Kshs. 50,000 (~600)
- Investor awareness: The CDSC started sending out monthly statements by e-mail to investors, cutting out the postal service, and alerting investors each time shares are bought/sold using their account.
