Solid portfolio gains, some speculative buys since last quarterly review in August 2010
The Stable
Diamond Trust ↑
EABL ↑
Kenya Airways ↓
KCB ↑
Kenol ↑
Safaricom ↓
Scangroup ↑
Stanbic (Uganda) ↑
Uchumi ↔
Review:
- Best performer: Scangroup up 74% this quarter
- Worst performer: (tie) Kenya Airways, Safaricom both down 16%
- In: Safaricom, Vipingo (error)
- Out: None
- Increase Kenol, EABL
- Decrease: None
- Unexpected gains/losses: None
Events & Outlook: - Performance: The Portfolio is up 29% in the last three months while the NSE Index is down 1.5%.
- Got dividends from: Stanbic, EABL & KQ, awaiting Safaricom (which will be paid by M-Pesa for the second year) after getting some Safaricom shares, and attending their (no SWAG) AGM
- Kenol and the Government reached some settlement which has stabilized their share price, but the battle exposed other sector players like NOCK, Gulf Energy, and Addax.
- Safaricom appear to have withstood the initial price war by Zain/Airtel as there is now concern about how long Airtel can keep the low prices in Africa.
- New blood: The Kenya Government is doing a KPLC doing a rights issue, and share conversion of preference, while private companies on the horizon may include CIC Insurance, CFC Life, Deacons, and Family Bank
Monday, November 15, 2010
Shares Portfolio November 2010
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6 comments:
I have never bothered to pursue my Safcom dividends via MPESA. Does this mean I have lost the money?
No your div will still be there, for 7 years
have they sent yet?
Kenol/Kobil has been down this month. i am closely watching it, will grab some when it hits 10 shillings or lower. New IPO, probably will go for family bank.
oh, why did u add safcom? it does't look like it has growth prospects.
martow: december 2 onwards they say
inspectordanger: Kenol/Kobil have finaly clinched an import contract after a series of them went to Gulf & Addax
- Family bank just got some cash so IPO may be pushed back, but I feel they are itching to list and get value for the brand
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