VVS, I have never been on the net for so long looking for one thing. And I have never been so frustrated. I keep finding conflicting information everywhere I go.

First I found This:
Ngano House Commercial Street, Indus Area P.O. Box 30096 Nairobi, Kenya +254-20-532471 254 253 2471
+254-20-545945 (Fax)

Then I found this on a different site:
P.O. BOX 30386-00100
Telephone 3933000
Fax 3933378

Are these guys serious. In 2010 and no website? Even Somali Pirates and Al - Qaeda affiliates have websites and yet they operate in jungles and deserts (not to mention caves)

I was planning to sink some money into Unga but this has got me thinking. I'll probably still invest in it since I think its cheap at current prices, but the management has been found wanting. The way they also print their annual results and their presentation is utterly rubbish.

LOL... Jameni, wanauza ngano not iPods!

I agree websites should be a basic requirement... lakini I still like Unga...

This is what I'm thinking:

Thanks to broker's oversight, I find myself with some float cash that was intended for CFC at sub-55. Now that it has gone over 60, I am no longer very interested in buying more.

Since "money has no value unless you spend it", why not throw this float into Unga and forget about it?

Hhmm....

Year-end is only a month away and the half-year was quite encouraging. PE and NAV are way, way down...

IMO the price does not quickly respond to fundamentals because of low institutional interest. Due to the small free float,poor profit and dividend history. What is needed is a well oiled individual to take notice.

For the half-year period ending December 2009 for Unga, the dollar was trading to the Kenya Shilling at an average of 75-76 shillings. Currently, it is trading at 78.70.
Personally, I don't think this is a significant enough slide to disrupt Unga's results due to currency weakening..

What to do? What to do? What to do? What to do? What to do? What to do? What to do? What to do? What to do? What to do? What to do? What to do? What to do? What to do? What to do? What to do? What to do?

@mukiha as you said before this is money you are willing to put away and not look at again... its not like its school fees... there sometimes when the contrarians also make some serious cheese from what the market chooses to ignore...

i got in at 10bob with the same mentality and plan to get out at a crazy price of 78bob when the time comes

@the deal - Another crook since ruto is not selling university degrees!

@kesh unga does export abroad more so here in uganda and the rest of EA... the funny thing is that the kenya shilling weakening against the dollar is supposed to help exporters but in ugandas and EA's case due to currency pegs the strengthening of the dollar leads to the strengthening of the kenya shilling agaisnt these currencies...

this cant be good for unga tho i dont know bout the percenatge of their business that is abroad