Does Britam Kenya Still Have Room to Run?

Britam Kenya: Room to Run?

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.

Here's Why Co-operative Bank of Kenya Stock Popped 12%

Co-operative Bank of Kenya

When Co-operative Bank of Kenya (COOP) announced last week that they were hiring global consulting firm, McKinsey & Company, for advice on improving operational efficiency, investors took notice. The stock has jumped 12.4% since the news appeared.

So why are investors so excited? How much scope does COOP have to streamline its operations? And how might such restructuring impact the bottom line?

10 Unloved Kenyan Stocks That History Bets Will Beat the Market

Photo by Simon Greig

Ah, the humble price/earnings ratio.

It’s one of the crudest tools in an investor’s toolbox. But there’s no denying that the simple act of dividing a company’s share price by its earnings consistently reveals stocks poised for powerful performance.

Here we examine the recent performance of low P/E stocks on the Nairobi Securities Exchange and list 10 Kenyan shares with the lowest earnings multiples.

Is the NSE IPO a Bargain?

Nairobi Securities Exchange

The long-awaited Nairobi Securities Exchange IPO is finally here. The Kenyan stock market is offering the public a 34% stake in the business to raise cash for expansion and to reduce mortgage debt.

The IPO price has been set at Kshs9.50 per share. Is this a bargain opportunity for Kenya investors? Let’s take a quick look at the prospectus to find out.

Will Kenyan Bank Stocks Sizzle or Fizzle in 2014?

Bullish

Bank stocks made Nairobi Stock Exchange investors much richer in 2013.

A stable political environment, regional growth, good profits, and a relatively steady interest rate environment kept the bulls running.

But all of that’s in the rear view mirror. What we really want to know is whether these stocks are worth banking on this year. Will their shares pop or drop? Sizzle or fizzle? Jump or slump? Rise or… Well, you get the idea.