Hi Wazuans;

I like going through your discussions here but you have now convinced me to join.

Please help me here.

My portfolio currently looks like this:

Liberty Kenya 6.6%
Centum 26.4%
KenolKobil 7.9%
NIC Bank 18.1%
Uchumi 9.6%
Cash 31.3%

The cash came from Bank of Kigali which I sold after it rallied like crazy and from NMG which I sold before they gave those horrible results.

I did not sell Uchumi when it was up so I am stuck with it and I do not think I will sell at such a low price. I think that company can perform well but I also think it is time for a management change.

I am thinking of adding either Equity, KCB, Britam or TransCentury.

I am also thinking of Umeme or Stanbic Bank Uganda.

I am not a trader (cannot keep up with the daily movements) and I like to keep my stocks for a period of time (more longterm)Like I had done with Bank of Kigali or Bralirwa.

Bank of Kigali and Bralirwa gave me very good returns and the currency also behaved very well.

What do you guys think?

I think Equity, KCB and Britam don't have much headroom left, so i would not recommend them, not unless 5% increase means hundreds of thousands for you.

As for TransCentury, i am also keenly eyeing it to add more, with the only concern been clarification on the RVR sell price to Citadel. However, its always good to buy/sell at this stage of confusion for better returns, though that is more of gambling than investing.

I would highly recommend CFC Stanbic since you clearly stated you are a Long Term Fellow (Though Long Term is Relative, to me its 3-4 years, or when i am satisfied).

Disclaimer: I hold Britam, TransCentury and CFC. Stocks trading is not my primary source of income.

http://www.theeastafrica.../-/rlr3enz/-/index.html
Members of parliament passed the Special Status Agreement between the governments of Ethiopia and Kenya on March 11, which, among other things, allows locally-owned Kenyan banks to open representative offices in Ethiopia.

KCB here we come to Ethiopia with open arms.

I agree, CFC is doing well

@INTERESTING!
A representative office allows a bank to issue loans to potential customers only that in this case the bank is not allowed to take deposits from customers or people in that country.
In the case of for example KCB,company J operating in Ethiopia might approach KCB which has a representative office there for a loan of ksh.1 billion equivalent kenya shillings.
KCB will get the money from the kenya and loan it to the company since KCB Ethiopia has no customer deposits which it would have used.

I'm not really sure whether or not I'm veering off topic, but just mentioning. You see, (regrettably) the major stakeholders may not particularly put staff morale as one of the priorities in their agenda, though this ought to be so. In reality, the market is over-flooded with unemployed fellars, so even if the current staff decide to leave, they will be more than easily replaced as soon as they hit the door.

Sad but true.

I might just buy...I am VERY inclined to buy Equity...I am cashing out on one of the other stocks I have, I think I will be satisfied with an over 50% capital gain...remember in July that matatu thing kicks off and if it does I expect Equity to do well...also their mobile platform might just upset Safaricom's Mpesa...only time will tell on this one

Finally after much struggle KCB has hit 50 bob mark.

@INTERESTING - I hope you read post #9 on this thread which I posted on 17th April [3 days later]. On that day, the share traded at a low of 32.25/=

Based on long term outlook and prospects like

"Equity Group Kenya Targets 10 Million Congo Bank Customers"

I think Equity Bank will be the better buy.