Of dividends , quarterlies and investment systems

Just read an interesting blog over at
http://uginvestor.blogspot.com/2008/04/bank-of-baroda-uganda-how-conservative.html

Dividend:

Ok, so BOBU is offering 70/= per share same as last year despite much better performance; I am not moved. I really wouldnt want to have a dividend.

Better to let the company plough that money back in and get that value as capital gains

Quartely reports:

If only we could rally as stock holders at AGM's (which I am guilty of never having attended) and demand
that quartelies be published in the news papers and also posted onto the website, we would all be much better off. Also it should be that regulators have something about this in the regulations -- must check sometime.

Investment systems:
I remain firmly in the value investing camp. Also I read profit and loss statements and take with more salt than I do the balance sheet. Cashflow statements seem to be largely unheard of in reports that companies produce but I would probably hold them closer than the P&L.

Liquidity problems on the Ugandan Securities Exchange

After 3 short months investing on the exchange, I have finally run into the
lack of liquidity on counters trading on the Ugandan exchange, having gone for 2 months
without being able to purchase some stocks yet I was bidding the maximum daily increase.

I guess it is time for a stock split on counters like BOBU so that share prices can grow faster
to stimulate liquidity.

New vision rights issue is coming up soon, in response the crowd is rushing to buy pushing up
the share price.

Annual reports month and increased banking competition

So far BATU , SBU and BOBU have released annual reports for the year ended 2007
we are now waiting on UCL,DFCU.

NVL year ends in June so they are not due.

There is increase competition in the banking arena.

Barclays has awoken. They are opening new branches like crazy.

Equity bank of Kenya has acquired Uganda Microfinance Limited UML

Echo bank has allegedly acquired Commercial micro finance CMF

Warid is set to open a new bank in town.

KCB has entered the Ugandan market after dropping considerations for acquiring DFCU

UBA has entered the Ugandan market.

Trust bank set to open soon.

Banks are opening regional offices all over east africa.

What impact might these have on performance of banks listed on the stock exchange
ie SBU, DFCU and BOBU?