African stocks have fallen off many speculators’ radar screens. But there are bright spots in the gloom that shrouds the continent’s stock markets, and I believe the Nairobi Securities Exchange (NSE) will soon be one of them. Here are a few reasons to be bullish.
This is a guest contribution from Simon Maina. KenolKobil is a leading oil distributor and marketer of petroleum and other associated products (e.g. petrol stations) in East Africa. Of late, it has also extended its footprint into Southern Africa with Zambia being its most recent investment. I find shares of the company particularly attractive because […]
Nairobi-based Nation Media Group (NMG) is where much of East Africa gets its news. Its stable of newspapers includes Kenya’s Daily Nation, Uganda’s Daily Monitor, and Tanzania’s The Citizen. The company also owns a growing collection of television, radio, and online assets, including one of my personal faves – Business Daily Africa. So, is it […]
British American Investments Company – Kenya (BRITAM) has made investors very happy of late. The stock is among the Nairobi Securities Exchange’s best performers this year, posting a dazzling 94.7% return.
Now the shares trade a shade below 2.5x their book value. Is that too rich a price? Or is there upside left here?
Let’s take a look at earnings (and Kenya’s long-term bond rate) to give us a clearer picture.