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Thinking Outside The box (Overseas Investment Series)
young
#21 Posted : Tuesday, May 04, 2010 10:29:29 AM
Rank: Elder


Joined: 6/20/2007
Posts: 2,037
Location: Lagos, Nigeria

INVESTMENT IN GHANA 7


For stocks the minimum investment is 100 units of any counter. Some brokers however require a bigger amount.


After the initial contact you can send funds by wire transfer (same currency). That means if you wire funds in say USD to the brokers USD account, the accounts dept of the broking house
will physically witdraw the funds from their USD account and convert it at prevailing exchange rate and credit your account

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. .
gathinga
#22 Posted : Tuesday, May 04, 2010 12:07:45 PM
Rank: Veteran


Joined: 11/30/2006
Posts: 635
@young. you prefer a monologue?
young
#23 Posted : Tuesday, May 04, 2010 12:48:38 PM
Rank: Elder


Joined: 6/20/2007
Posts: 2,037
Location: Lagos, Nigeria

Jambo @mzee gathinga

Yes and No.

Yes in the sense that I have a message to pass to my kenyan audiance for those that are interested now or in the future. Nobody would have known about young if I did not take the bold step to invest in Kenya.


No in the sense that if any body ask specific question, I will endeavour to answer.
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. .
Chaka
#24 Posted : Tuesday, May 04, 2010 1:01:21 PM
Rank: Elder


Joined: 2/16/2007
Posts: 2,114
@Mzee young,
Here goes:
1.When will you stop investing i.e is there such a thing as enough investment?
2.What do you plan to do when you get to retire?
young
#25 Posted : Tuesday, May 04, 2010 1:21:05 PM
Rank: Elder


Joined: 6/20/2007
Posts: 2,037
Location: Lagos, Nigeria
INVESTMENT IN GHANA 8

OVERVIEW OF GHANA MARKET


Ghana have a smaller market than Kenya. Their bourse is just 14 years. Only few stocks are active that means in some days or weeks, some equities are not traded on.

There is a strong believe that with the recent introduction of CSD the liquidity and volume will increase over time.

This is the right time to invest there because of anticipated GDP growth.

There is no specific sector per se but I cannot classify Ghana bourse into four distict sectors :-

Financial
Manufacturing
Industrial
Gold Mining.

The most popular (in terms of liquidity) is financial in that order. Gold mining have only two counters. Only one of them can be bought by foreigners the other Anglogold Ashanti Ghana is the preserve of Ghananian citizens.
Ghana offers you an opportunity to buy Gold stocks.


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. .
young
#26 Posted : Tuesday, May 04, 2010 1:25:56 PM
Rank: Elder


Joined: 6/20/2007
Posts: 2,037
Location: Lagos, Nigeria
REPLY TO MZEE CHAKA


(1) Will stop investing in stocks in the next 6 to 8 years. I need to set up a good stock portfolio bigger than my Kenya holdings in Uganda. Why ? because I plan to get a small bungalow vacation home (have already bought land) there so I will depend on the dividends any time I travel there.


(2) When I retire I plan to rest and travel to interact with friends I have made over the years in Nigeria, in Ghana, in Uganda and of course Kenya. I do not rule out writing a book in any of (stocks, real estate, fixed income) investment but I am very comfortable delivering seminars and educating the younger generation. I intend to play a major role on stocks investments in Uganda, as they are far behind Kenya. It is a question of not working for money but allowing your past investment to work for you.


Be aware that I have not invested in stocks in the past two years as am neck deep to levearage my portfolio on real estate.
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. .
young
#27 Posted : Tuesday, May 04, 2010 2:10:51 PM
Rank: Elder


Joined: 6/20/2007
Posts: 2,037
Location: Lagos, Nigeria
INVESTING IN GHANA 9

To butress our discussion find below a typical market trading data , courtesy of databank of Ghana.
It can be seen that out of 37 counters in bourse , only 15 counters were traded on. You can find a similar situation in Botswana, Tanzania, and Uganda bourse. I believe it is a function of people awareness about stock investment.


http://www.databankgroup...m/index1.php?linkid=180
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. .
guru267
#28 Posted : Tuesday, May 04, 2010 2:21:46 PM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
young wrote:
To butress our discussion find below a typical market trading data , courtesy of databank of Ghana.
It can be seen that out of 37 counters in bourse , only 15 counters were traded on. You can find a similar situation in Botswana, Tanzania, and Uganda bourse. I believe it is a function of people awareness about stock investment.


i'm very sure in uganda the situation will improve with the automation of trading coupled with investor education and foreign interest in oil production...

i cant wait for the tullow oil IPO
Mark 12:29
Deuteronomy 4:16
muganda
#29 Posted : Tuesday, May 04, 2010 2:53:02 PM
Rank: Elder


Joined: 9/15/2006
Posts: 3,905
Mzee Young, I enjoyed and learnt reading 'VERY PATHETIC BUT LEARN FROM THIS' and 'MY OWN PERSONAL EXPERIENCE'. In fact you whole missive is very informative. From my own experience, I wonder whether I gain more from Wazua by reading or contributing? smile

I've noted your budding passion for real estate (30% of portfolio you say) and I'm still really struggling. I honestly wonder whether I own any ounce of real estate in my life.


Shouldn't it suffice if I could find a counter (read company) or fund that invests in real estate and buy what is not so foreign to me (shares, units)?
young
#30 Posted : Tuesday, May 04, 2010 4:28:28 PM
Rank: Elder


Joined: 6/20/2007
Posts: 2,037
Location: Lagos, Nigeria
@Mzee Muganda


Unfortunately I do not know of real estate trust company in black african market. May be you may find in south african market.

But I believe the starting point is to relate with those in this business in Nairobi especially to know the safeguards to avoid being conned, with enough information and interaction you will be able to strike a deal.

Be aware man cannot live on stock alone.Multiple
streams of income is still the best.

Best Regards.
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. .
young
#31 Posted : Tuesday, May 04, 2010 4:54:23 PM
Rank: Elder


Joined: 6/20/2007
Posts: 2,037
Location: Lagos, Nigeria
sINVESTING IN GHANA 10

FINANCIAL SECTOR

Typical of African market, this sectors control 60% or more of daily transaction notable among them are :-

GCB Ghanana commercial Bank
SCB Standard Chartered Bank
EIC Enterprise Insurance company
SG-SSB Societe General Bank
HFC Housing Finance Company
EG Ecobank OF Ghana
ETI Ecobank Trans International
TBL Trust Bank Of Gambia
CAL Bank
UT Financial services

I took position in GCB (the indegenous bank similar to KCB though without too much rigths issue!), Standard Chartered Bank and more highly capitalized local branch Ecobank of Ghana. ETI (Ecobank Trans International)is the headquarters branch of ECobank. There is Ecobank of Kenya.

GCB and SCB are typical foreigners picks might be followed by EG.
Your chosen broker will give you recent research and updates about future prospects of each counter and the standard parameters (PE,ratio etc)
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. .
young
#32 Posted : Tuesday, May 04, 2010 6:51:38 PM
Rank: Elder


Joined: 6/20/2007
Posts: 2,037
Location: Lagos, Nigeria
MY APPROACH TO AFRICAN MARKETS (EXCEPT S/ AFRICA)

-Locate the highly capitalized stocks
- Look for profit growth potentials which implies increased EPS (Earning per share) and considerably reduced PE

- The key word is growth, and growth means relative increase in profit.

My investment objective is income (dividend)

Outside Africa I am 100% speculator because if you invest long term you gain virtually nothing as most stocks are violatile. I specialise in commodity (Gold) , energy (Oil), and Technology stocks, but I speculate on highly capitalized stocks.

That is just me I am not against those who speculate in African markets. Just that I have not been lucky.
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. .
young
#33 Posted : Tuesday, May 04, 2010 6:58:05 PM
Rank: Elder


Joined: 6/20/2007
Posts: 2,037
Location: Lagos, Nigeria
INVESTING IN GHANA 11

GCB (GHANA COMMERCIAL BANK THE KING OF GHANA FINANCIAL STOCKS


Look at the following earning announcements, from the bad to the good.

THE BAD

GHANA COMMERCIAL BANK FY 2009
Ghana Commercial Bank (GCB.GH) said on Tuesday its 2009 net profit halved after making higher provisions to cover losses on loans to the domestic oil sector.

Shares in GCB, one of the biggest companies on the Ghanaian stock exchange , fell 4.3 percent to 0.92 Ghanaian cedis on the news it booked a net profit of 18.8 million cedis ($13.3 million), compared to 37.6 million cedis a year earlier.

It also recommended a dividend per share of 3.56 pesewas compared to six pesewas in 2008.

"(An) abnormal increase in the international prices of crude oil and refined petroleum products in 2009 presented serious challenges to the country's downstream oil sector," the company said in its annual report, posted on its website.

GCB, which is the main financier to Ghana's downstream oil sector including the Tema Oil Refinery, said total losses on credit impairment increased to 36.7 million cedis from 8.8 million cedis the year before, with the ratio of non-performing loans to total loans rising to 19 percent from just 2.0 percent in 2008.

Chairman Kojo Thompson said the government last year committed to seeking the funds needed to help settle the bank's exposure to outstanding loans in the oil sector, and added that prospects were more bouyant this year.

"This is buttressed by the economic stabilisation and growth agenda set by the government, coupled with imminent commercial production of oil in the latter part of the year," he added.

Growth in the Ghanaian economy is expected to leap from around 6 percent this year to as much as 15 percent in 2011 -- one of the fastest growth rates in the world -- after the start of output from its Jubilee offshore oil field.

Economists also expect the central bank to continue shaving the prime interest rate from its current level of 16 percent to as low as 14 percent



THE GOOD

GHANA COMMERCIAL BANK Q1 2010
ACCRA, May 4 ( - Ghana Commercial Bank : * Reports Q1 net profit of 21.2 million cedis ($14.97) vs 13.1 million cedis in Q1 2009 * Net interest income up 22.6 percent in same period to 56.4 million cedis GHS= * Net operating income up 28.2 percent to 71.7 million cedis


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. .
young
#34 Posted : Tuesday, May 04, 2010 7:54:34 PM
Rank: Elder


Joined: 6/20/2007
Posts: 2,037
Location: Lagos, Nigeria
INVESTING IN GHANA 12

SCB OF GHANA ANOTHER GOOD AND HIGHLY CAPITALIZED STOCK VERY GOOD COMPANY BUT VERY MISERLY IN SPLITS AND BONUS ISSUE

Standard Chartered Bank Ghana said on Friday first quarter net profit rose to 22.2 million cedis from 10 million in the first quarter of 2009.
The Bank's operating income rose to 58.8 million cedis from 40.2 million, the company said in a filling with the Ghana Stock Exchange, without giving a reason for the 46.2 percent rise.

Earnings per share rose to 1.15 cedis from 0.57 cedis, the company said in the filing.

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. .
young
#35 Posted : Tuesday, May 04, 2010 8:02:20 PM
Rank: Elder


Joined: 6/20/2007
Posts: 2,037
Location: Lagos, Nigeria
INVESTING IN GHANA 13


ECOBANK OF GHANA HIGHLY CAPITALIZED BUT ABOVE AVERAGE


ACCRA, April 23 (Reuters) - Ecobank Ghana Ltd (EBG.GH) on Friday said 2009 net profit rose to 53.8 million cedi ($37.9 million) from 33.5 million in 2008 as revenue increased from interest, fees and commissions.

Financials

The company, the local unit of the pan-African bank, said shareholders approved a dividend of 0.18 cedi compared with 0.16 cedi paid in 2008.

Interest income rose to 131.4 million cedi from 72.7 million, while fees and commissions rose to 44.2 million cedi from 20.8 million, the company said.
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. .
young
#36 Posted : Tuesday, May 04, 2010 9:13:33 PM
Rank: Elder


Joined: 6/20/2007
Posts: 2,037
Location: Lagos, Nigeria
INVESTMENT IN GHANA 14

FINANCIALS WRAP UP.

Whatever angle you look out whether short term or long term GCB and SCB are among the best.
Speculators sometimes prefer up coming CAL bank and at times UT financial services
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. .
young
#37 Posted : Wednesday, May 05, 2010 7:18:50 PM
Rank: Elder


Joined: 6/20/2007
Posts: 2,037
Location: Lagos, Nigeria
INVESTMENT IN GHANA 15


INDUSTRIAL / MANUFACTURING SECTOR


Notoble among them are :-

Guiness Ghana
Unilever Ghana
Total Ghana
Fan Milk
Mechanical Lyod
Produce Buying Of Ghana
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. .
young
#38 Posted : Thursday, May 06, 2010 11:57:28 PM
Rank: Elder


Joined: 6/20/2007
Posts: 2,037
Location: Lagos, Nigeria
INVESTING IN GHANA 16

GUINESS GHANA (GGL)
The pearl of Ghana industrial sector that has been consistent in both capital appreciation and dividend yield.
Current trading at forward PE of 9, it is one of the best in the sector, and is highly captilized.
Analysts projection for the q1 2010 Result is not less than 40% y-o-y.
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. .
karanjakinuthia
#39 Posted : Friday, May 07, 2010 5:52:58 AM
Rank: Member


Joined: 11/13/2006
Posts: 551
Location: Nairobi
@ Young. My name is Kinuthia Karanja of Investors Lounge. Please inbox me at karanjakinuthia@hotmail.com to discuss a matter.

young
#40 Posted : Friday, May 07, 2010 9:33:59 AM
Rank: Elder


Joined: 6/20/2007
Posts: 2,037
Location: Lagos, Nigeria
Mzee KK

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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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