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NMG debuts in Ugandan Bourse Tue Oct 19th
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kyt
#41 Posted : Tuesday, October 19, 2010 5:02:12 PM
Rank: Elder


Joined: 11/7/2007
Posts: 2,182
@ young, i am with vvs and guru on the issues concerning uganda. I dont even think kagame should be president right now! How do you justify a 95 per cent support? Hapana!
LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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young
#42 Posted : Tuesday, October 19, 2010 6:06:55 PM
Rank: Elder


Joined: 6/20/2007
Posts: 2,074
Location: Lagos, Nigeria
No problem @Kyt.
Hope you know the subject matter of this thread ?

General info that NSE listed NMG has decided to get cross listed in Ugandan bourse today and other bourses in EA (Tanzania, Rwanda) at a later date.
The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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young
#43 Posted : Wednesday, October 20, 2010 3:26:05 PM
Rank: Elder


Joined: 6/20/2007
Posts: 2,074
Location: Lagos, Nigeria
Tue Oct 19 trading volume 1,000
in 6 deals.

Price remains unchanged at UGX 4,620
The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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kyt
#44 Posted : Wednesday, October 20, 2010 4:00:02 PM
Rank: Elder


Joined: 11/7/2007
Posts: 2,182
young wrote:
No problem @Kyt.
Hope you know the subject matter of this thread ?

General info that NSE listed NMG has decided to get cross listed in Ugandan bourse today and other bourses in EA (Tanzania, Rwanda) at a later date.

roger that @ young, its a good move from the company, volatility and growth alike.
LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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msimon
#45 Posted : Wednesday, October 20, 2010 4:08:05 PM
Rank: New-farer


Joined: 8/23/2010
Posts: 63
Location: Kampala
young wrote:
Tue Oct 19 trading volume 1,000
in 6 deals.

Price remains unchanged at UGX 4,620

Young, these fund managers, investing in Ug, what is the source of that info. Plus, i think NMG might be like the other cross listed stocks.
Meanwhile, i have been looking at stocks on the Malawi market, i think there is alot of value there, based on the market report of 07/10/2010.
The average PE is 8 and some stocks are trading for 2x. You can imagine!
Just wondering the economic facts and the tax rates. At this rate, its easy to break even in 2 yrs.
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VituVingiSana
#46 Posted : Wednesday, October 20, 2010 6:07:57 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,327
Location: Nairobi
msimon wrote:
young wrote:
Tue Oct 19 trading volume 1,000
in 6 deals.

Price remains unchanged at UGX 4,620

Young, these fund managers, investing in Ug, what is the source of that info. Plus, i think NMG might be like the other cross listed stocks.
Meanwhile, i have been looking at stocks on the Malawi market, i think there is alot of value there, based on the market report of 07/10/2010.
The average PE is 8 and some stocks are trading for 2x. You can imagine!
Just wondering the economic facts and the tax rates. At this rate, its easy to break even in 2 yrs.

LOL... That is the problem... whether you invest in Uganda or Malawi or most other 3rd World countries...

Malawi has forex restrictions. You can send forex in. Can't sent it out. Unless you are politically connected.

The 'spread' between the official rate & real rate is probably 40%... I don't know for sure.

The prez talks to ghosts. Yep. So invest there at your own risk!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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