My performance on the stock exchange since I began in Dec 2007

BOBU 104% annualised
DFCU 8.3% annualised

Consolidated position is 42% annualised.

Current Strategy
Buying: DFCU
Holding: BOBU
Selling: all others

New Vision Rights Issue

Elligible participants: all on register at 26th June 2008
Share begin trading on 8th Sept


25,500,000 shares at 1,100
1 new share for every 2 held

current share price 2510.

Should be a good deal for holders ...

For a discussion about rights issues please see wikipedia or nairobist

UPDATE: 29.1 Billion raised. Government opted out of rights issue reducing its holding from 80% to 53%.

Rogue broker at Uganda Securities Exchange ?

Sadly, we now apparently have rogue stock brokers in Kampala.

Be careful that you check that the right number of shares you ordered were bought/ sold at the price you specified; or at least the price as on the day of trading. This information is available from the USE website.

The USE suspened the rogue broker and CMA has made a public statement indicating that it will review the USE decision.

Information on this story is available here