Be a vulture
The Portfolio review is being done a week earlier than expected as I usually try and update six months from last review.
Kenya Commercial Bank
* Uchumi (suspended)
There are fewer shares and portfolio has less value than before as I sold more shares than I bought back.
In: Stanbic (Uganda), Total
Out: Crown Berger, Kenya Airways, Kengen
Increased: Diamond Trust (Rights)
Dividends expected: D-Trust, Express, KCB, Scangroup, Total
Unexpected gains/losses: Express bonus share, KCB share split
New listings not taken on: Access Kenya, Mumias (Rights)
Best performer: Stanbic (Ug)
Worst Performer: Sameer Africa
Looking forward to: Kenya Airways, Safaricom IPO
Performance Summary: The Motley Fool advises that investors should beat the share index to consider their returns a success. The NSE 20 share index is down 10% in the last six months while my portfolio is down 13% from November 2006.
I sold Kenya Airways shares at around 120/= and for the first time my portfolio does not have KQ shares. If the price continues to drop, I expect to buy some shares in this great company in the coming days, before they announce their year end results – which should have been finalized, but may be delayed by post-Cameroon events.