Guru, I've always been meaning to ask if you trade at the Uganda Securities Exchange.
With oil discovery who knows what it will do for the Ugandan economy.
Does Equity Uganda have a Custodial Department? And if so can I open an account and commence trading from Kenya?
Any tips on good counters?

@youcantstopusnow

True the Ugandan market is gonna be vibrant with oil discovery and commencement of CDSC trading.

I recently attended the Stanbic Ug AGM.

I think key sectors likely to benefit from oil include Manufacturing, Infrastructure - roads, transport, Banking sectors.

In Ug star banks are Stanbic, Bank of Baroda and DCFU bank.

I c stanbic being at the level KCB was when it was trading in 50s. Potential upsurge is huge.

I would ask you to open an account with African Alliance Kenya Securities. They will facilitate your trades conveniently.

Happy investing pal

VVS, did you manage to get some Olympia? Closed the week off at 10.60. This pony is going to make me some good money.

guru, could low PEG be the answer to your never ending question of "what investors see in NBK?"
I also saw what you meant about Unga. That stock is RIDICULOUSLY cheap!

@HALKY
Pole for the loss of your mum. The transfer of shares is never easy, before it was a bit easier.

First thing is note is if you are the beneficiary of the shares in her will. If not is if you are the administrator of her estate.

If the above holds, then you may need to contact your broker, who will then need to organise the whole process of share transfer etc. I bet it will be easier if you were dealing with same broker as your late mum.

We had a slightly different scenario with our late dad. Our late dad's appointed administrator asked the bank which had the holdongs (shares) to sell. The proceeds were then divided among the children.

So you may try to see which will be easier, sell or transfer. ask your broker