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Uganda Shilling - Death Wish
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Cde Monomotapa
#51 Posted : Wednesday, July 13, 2011 8:13:51 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
VituVingiSana wrote:
@cde - Lakini, it's not 15mn Zimbabweans who are empowered but a few thousand who suck mugabe's ... finger

U should've been a super-hero..u'd save the whole world, hey? Laughing out loudly
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VituVingiSana
#52 Posted : Thursday, August 04, 2011 3:05:55 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,380
Location: Nairobi
http://www.businessdaily...4/-/ed8o89/-/index.html

If you thought the KES was a piece of crap, the UGX is a piece of crap that the crap crapped! via @coldtusker
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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VituVingiSana
#53 Posted : Thursday, August 04, 2011 3:08:27 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,380
Location: Nairobi
dunkang wrote:
VituVingiSana wrote:
The UGX hit 2700+ again this week. The Central Bank of Uganda has asked that citizens stop using imported toilet paper & use banknotes since it is cheaper.


Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly

Kwani, how much had you invested in UGX, umeumwa tu sana!

Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly

All my UGX profits have been wiped out in US$ terms! Yaani, I would have more money buying US$ & leaving them under my mattress for 1 year! Bila interest!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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young
#54 Posted : Thursday, August 04, 2011 3:08:36 PM
Rank: Elder

Joined: 6/20/2007
Posts: 2,075
Location: Lagos, Nigeria
VituVingiSana wrote:
http://www.businessdailyafrica.com/Uganda+central+bank+sells+hard+currency+as+shilling+slides/-/539552/1213354/-/ed8o89/-/index.html

If you thought the KES was a piece of crap, the UGX is a piece of crap that the crap crapped! via @coldtusker



No news you have said that before!
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
#55 Posted : Thursday, August 04, 2011 3:41:58 PM
Rank: Elder

Joined: 6/20/2007
Posts: 2,075
Location: Lagos, Nigeria
young wrote:
VituVingiSana wrote:
http://www.businessdailyafrica.com/Uganda+central+bank+sells+hard+currency+as+shilling+slides/-/539552/1213354/-/ed8o89/-/index.html

If you thought the KES was a piece of crap, the UGX is a piece of crap that the crap crapped! via @coldtusker



No news you have said that before!


Your investment strategy in UG or any other smaller country should be for long term gains (10 years) minimum.

Quite unlike you I am rather sending more few USD to translate to plenty UGX to invest at the time you are scared, because on the long term things will be very good in UG I tell you.

Are you no longer a WB follower, why do you want to run away when everyone is scared ? This is the best time for foreigners like me to take positions in Kenya and small UG, as small USD translates to a basket full of money in local currency.


If I am a Kenyan I would take more interest in Uganda during this temporary confusion because post M7 regime plus petroleum will transform Ugandan Economy in future.
Kenyan Banks (KCB, Equity, DTB) are already there, Uchumi, Nakumatt, Textbook Centre (of sarit center) are already there. West African banks (UBA, Ecobank) are already there. Nigerian Insurance company IGI, bought a controlling stake in NIC Uganda. If they are making stupid investment decisions, yours trully @young is happy to join them to be stupid.
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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Cde Monomotapa
#56 Posted : Thursday, August 04, 2011 3:42:43 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
After Dec 2012 the UGX will be a highly sought after ccy.
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young
#57 Posted : Thursday, August 04, 2011 3:44:56 PM
Rank: Elder

Joined: 6/20/2007
Posts: 2,075
Location: Lagos, Nigeria
Cde Monomotapa wrote:
After Dec 2012 the UGX will be a highly sought after ccy.



I project 2016. 1 USD will likely change to 1400 UGX, and 1 KSH to 16 UGX.

This is the best time for foreigners (kenyans inclusive) to invest in UG. Is like when there is blood in the street, move ahead to invest!!!
But invest with the money you will not need in 7 years upwards.
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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  | | Edit by user: Thursday, August 04, 2011 3:54 PM | Reason: Not specified
Cde Monomotapa
#58 Posted : Thursday, August 04, 2011 3:50:26 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
young wrote:
Cde Monomotapa wrote:
After Dec 2012 the UGX will be a highly sought after ccy.



I project 2016. 1 USD will likely change to 1400 UGX, and 1 KSH to 16 UGX.

Just the 1st Ugandan oil barrell sold and news of how much more can be sold will heighten sentiment and I think cut ur time-lines by half smile (markets are allegedly forward looking). Nevertheless, let's stick around, there is definetly more wealth to be generated smile
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young
#59 Posted : Thursday, August 04, 2011 4:48:46 PM
Rank: Elder

Joined: 6/20/2007
Posts: 2,075
Location: Lagos, Nigeria
Cde Monomotapa wrote:
young wrote:
Cde Monomotapa wrote:
After Dec 2012 the UGX will be a highly sought after ccy.



I project 2016. 1 USD will likely change to 1400 UGX, and 1 KSH to 16 UGX.

Just the 1st Ugandan oil barrell sold and news of how much more can be sold will heighten sentiment and I think cut ur time-lines by half smile (markets are allegedly forward looking). Nevertheless, let's stick around, there is definetly more wealth to be generated smile



Tullow oit is to be listed April 2012.
Already trading in Ghana bourse
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
#60 Posted : Thursday, August 04, 2011 4:51:44 PM
Rank: Elder

Joined: 6/20/2007
Posts: 2,075
Location: Lagos, Nigeria
Tullow Oil Listing Uganda listing link


http://www.busiweek.com/10/page.php?aid=23
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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