The purchase of Stanchart Bank shares is proving to be a timely move.The share has risen to the Ksh 280 level even before the half year results and details of the rights issue are released.
At a purchase price of Ksh 228 (Ksh 237 when you factor purchase and sale costs), the share has risen by about 20% within the month of purchase.
Going forward, i expect the share to test the Ksh 300 range before the week ends and the Ksh 320 range when the haly year results and rights issue details are released.
Happy hunting
x handle: @stocksmaster79