Dont you just love the way kenyans have taken to the securities market and are looking for any small or big opportunity? last monday i was at standard stocks and discovered they have oppened a dedicated hall to handle IPO traffic. i found many people applying for MSC but a number were also applying for the stanbic IPO in Uganda. stanbic UG is said to be the largest bank in UG and offers services to all government bodies and NGOs. its also the only bank in rural UG. sounds like KCB of kenya but without compe from BBK and stanchart. its not clear how robust the investor public is in UG. but at 2.85 /= kenyan money and by Kenyan standards, this IPO is very 'cheap'. MSC is going for 49.50 and some pple are grumbling that its too high. some rumor mongers have it that the price will drop to 30 in januray. i never know hoe kenyans can tell such things but they do.
if UG does not watch, then stanbic will be over subed by kenyans alone. they will probably have to watch out and limit the thirsty kenyans. this will happen after project fame has seen only kenyans take home the grand merc as well as positions 1 to 4. however on the project fame i dont know how that is good for business. i also dont know how that helps our relationship with TZ. those guys are already paranoid.
if kenyans override that stanbic thing then UG may hav to got the TZ route and follow the adage, that if the brain fails try the fist! however the 'behavior' is very refreshing
odegle tip of the day -- before investing, make sure you set up clear goals , objectives and policies. these can guide you in what you are doing. investing should not be a by the way and the way you treat 10 bob should be the same way you treat 10 million bob.