Well almost a year ago I made my first tentative steps investing on the USE. My target was Stanbic Uganda. And we all heard the rumours of who mught be the real shareholders of this patch of financial muscle......thats kabozi for anoher day.
Now the IPO was a roaring success as Ugandans and kenyans dived in head first and that includes myself. The price was an attractive UGX 70/-. Which in all honesty was a good deal indeed, considering the way the bank has been performing, paying dividends every year to shareholders for quite a while.
Now the price of the shares is UGX 205/-, that is almost 300% growth in value in about a year!! Am I pleased? Very much so. It has balanced out the lower returns my Kenyan shares have given, by a mile.
With my appetite whetted for more stock action I am eyeing a couple of shares in other Ugandan companies.
An MTN IPO would be a dream!!!
