If I was you. I'd not get more rather i'd look at other counters. Barclays to me is not appealing and I'll give you my reasons.

1. The bank is limited to only having its operations in Kenya. We cannot say that Barclays will expand to South Sudan etc.

2. The major decisions regarding policy and change have to be approved by some guys in London so as the local banks are adjusting promptly to suit the needs of Wanjiku, Barclays will always be dragging its feet.

@murchr, I couldn't have agreed better with your analysis on Barclays Bank, I take the view that Barclays is a bank for institutions such as colleges, universities, travelers offering cheques, cards e.t.c. but as opposed to the local banks it doesn't go beyond addressing the everyday changes and peculiar behaviour of the common man and so for me no, I advise against it if you take the last one year I've tracked the prices between 16 and 18 or thereabout, even if they have a good return on end year best they may reach is 21 on average which I think isn't really great. Look elsewhere, there are better counters.

Ok let me explain how i look at this and then criticise me so i can know where i am going wrong.

1. I feel as Barclays is the lowest valued Banking share listed it is the most affordable.

2. Safe Bet i.e Globally backed - defo not going down and finances can be injected.

3. With a stable price range gives you a decent dividend which I see as a good deal. I mean having a decent holding like lets say 100,000 shares can allow you decent income similarly to that of a savings account (naturally I am aware better rates can be achieved from banks)

I think the way i look at shares i concern myself more with the dividend than with growth (if it grows waheyy bravo) of the share i.e. because, the more shares I have the more dividend I will earn, also larger share holding can allow one to obtain loans/financing for business loans from barclays as a result. naturally this regards to loads and loads of shares.

Also I see Goldman Sachs holds 75 million shares..surely there must be a reason they've dropped almost 10 million pounds here..!!

Goldman Sachs holds 75 million shares of the Parent company I'm assuming...you're interest is in the Kenyan subsidiary which as was aptly noted has minimal flexibility in terms of aggressive expansion and/ or innovation the likes of Memba...

Stable price, a dividend stock this surely is...but with 30,000 shares in your portfolio already...isn't that a guaranteed Kshs. 30,000 annually? Assuming a market purchase price of Kshs. 17...that's Kshs. 510,000 worth of investment (I understand you didn't buy the shares yourself though)...giving you a dividend yield of 30,000/510,000 = 5.88%. (100 basis points off inflation mark)..a corporate/ treasury bond gives you double that rate with the flexibility to liquidate currently...

Low valuations don't necessarily mean value...your DPS will not exponentially grow with Barclays (I put it a generous maximum of Kshs. 2/share)...Barclays Kenya will grow when Barclays Bank Plc wants to grow and pressure is on subsidiary units to perform...

As it is, your Barclays shares look solid, no need to add-on...I can't comment on the parent company and why Goldman has invested...

Anyway consider your investment strategy, is it: capital preservation, capital appreciation or income generation...then decide.