bankelele

  • Share Portfolio: August 2008

    Posted: August 8, 2008, 10:52 pm by bankelele

    Drowning in Safaricom juice

    8-8-08 is supposed to be a good luck date or something. 2008 has been a rough year for most companies since January. The Safaricom IPO was supposed to be the savior for investors, but has instead become an albatross on the Nairobi Stock Exchange

    Heres’ my portfolio that has changed May 2008

    The stable
    Diamond Trust ↓
    KCB ↓
    Scangroup ↓
    Stanbic (UG)↔
    Safaricom ↓

    What’s changed?
    In: Safaricom
    Out: Express, Sameer, Total
    Increase: KCB, Safaricom
    Decrease: --
    Dividends Paid: KCB, Stanbic, Diamond Trust, Total, Scangroup
    Unexpected gains (none) /loses everything else
    Outlook: Shifted focus to banking and communications, and got out of manufacturing related stocks as the political and oil shocks continue to be felt through the economy. No foreseeable changes till next quarter, but will look at Kenya Airways if it dips lower.
← August 6 (1 item) August 12 (2 items) →

Blah blah blah

Fish cakes

Alas a fish cake.

Yet more fish cakes

Guess what ... yeah ... fish cakes.

The end of the fish cakes

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