Saturday, February 23, 2008

The boom from Oct to Dec

There was a sudden and sharp rise in share prices on several counters for the
period Oct - Dec 2007.

Witness the following:
dfcu 400 to 700 75%
nvl 425 to 1150 170%
sbu 140 to 230 64%
ucl 3700 to 5255 42%

If we put that in annual terms:
dfcu 300%
nvl 680%
sbu 256%
ucl 168%

Hows that for a return? I am almost kicking myself why I didnt start in August, I would
probably been up 150% !

The real mystery here is what happened in those months?

Ok, so NVL reported fair results, what about the rest? I suspect it was our neighbours Kenyans
moving into the Ugandan market in preparation for thier own elections in December which turned
out rather badly as seen by the rioting early this year.

Price information from mbea stock brokers website who have by far the best reporting of all brokers
in the country -- kudos to them, I may yet move to investing with them.

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