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bankelele

• May 07, 2009
• NSE Portfolio May 2009

  Posted: May 7th, 2009, 4:10am EDT

  Tags:  NSE portfolio  

  hit bottom? Time to buy?
  
  Last quarterly check of the Nairobi share portfolio was in February 2009 and a year ago
  The Stable
  
  Diamond Trust ↓
  Kenya Airways
  KCB ↑
  Safaricom ↓
  Scangroup ↓
  Stanbic (Uganda) ↓
  
  Review:
  - Best performer: KCB up 2%
  - Worst performer Stanbic down 30% (combination of share drop and weaker Uganda shilling), and Safaricom down 10%
  - In: Kenya Airways
  - Out: none
  - Increase none
  - Decerease none
  - Unexpected gains/losses: none
  
  Events & Outlook:
  - Performance: Portfolio is up 1% in the last three months while the NSE Index is down 3.5%
  - Bought KQ, tried to buy illiquid Kenol at 30
  
  Looking forward to
  - Dividend payments expected from Diamond Trust, KCB, Scangroup, Stanbic (UG)
  - Privatization commission has lined up several companies that may be availed later in 2009