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Any UPdate On Uganda Stock Exchange (USE) ???
young
#11 Posted : Saturday, April 10, 2010 11:29:08 PM
Rank: Elder

Joined: 6/20/2007
Posts: 2,074
Location: Lagos, Nigeria
@Mzee Pkoli

To trade in Ghana Stock Exchange these are the

PAINS
You need to be physically present to fill forms to open a CDSC account with a strockbroker. At the moment share certificate are not yet fully immobilized but process will be completed in Sept.

GAINS
1.4 Ghc equals 1 US dollars so you have stronger currency advantage over KSh and you diversify your inv accross economies. Ghana economy is very promosing.Ghana is a new petroleum producer from Jan 2011 just like Uganda.

BANK PE
Average is 20. But GCB is 17 and standard charti 17. A smaller CAL bank is 6 !!!Yhere is also GGBL (Guiness Ghana Breweries) and HFC (Housing Finance with PEs of 17 and 20 respectively.


For more info vist
www.gse.com.gh
www.databankgroup.com (biggest stockbroking firm)

DIVIDENDS
If you travel there you can open Amal Bank Non Resident Account for your e=dividend (EFT in kenya)
www.amalbank.com.gh (check products and services)

NOTE:- Ignore Cal stockbrokers online account hype for non residents as it is not working well.
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. .
PKoli
#12 Posted : Sunday, April 11, 2010 12:37:21 PM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
@Young:

Many thanks for your information. It is quite a task opening an account in African countries for trading. I will use that as an opportunity to visit Ghana.

The prices seem a little higher than the Kenyan banks, but there might be higher growth prospects.

How is the brewery company in terms of its growth prospects? Is it comparative to EABL say in 2000?

Any good brokers one should look at? In the class of Kestrel or African Alliance?

Have you ever ventured in the Zambian market? It seems a little easier to open a CDSC account than in our region and West Africa. I haven't opened one yet, but inquired through mail and was surprised, it is much easier.

Best regards,
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