Ambition of Wannabe Millionaires

The stock business is sometimes referred to as the bull so I guess that the average stock investor is a Matador (bull fighter/killer) to evade it’s sometimes financially lethal horns. It is meant to be a high risk venture with colossal returns for any worthwhile investor. The term bullish is used to refer to a stock market that is experiencing heavy trading within the investing circle. For amateur investors like me this is a new venture, I recently managed to buy shares. It is actually a very simple affair for anyone who is interested since the minimum number most brokers want one to buy is only 100.

After the Safaricom IPO, most people who missed the offering were left wondering what to do with the money next. I was one of the guys who were stuck in this conundrum. But being the wannabe millionaire that I am, I decided to take advantage of the situation. As it stands at the moment, most stocks are losing their value except for emerging monsters like Equity (which has virtually tripled its value since floatation) and a few blue chip companies such as EABL. After all, Kenyans will always drink. Most investors actually have their cash still tied up in the Safaricom Company.

Apparently, Michael Joseph fondly known as MJ has a new crop of owners to please. This is in addition to the Mobitelea ghost. For those not in the know, ‘Mo’ stands for Moi, ‘Bi’ for Biwott and the rest of the syllables alliance. This is just but a rumor. It makes strange sense to the layman, huh? Safaricom might as well switch it’s name to Safaricon. It is however a perfect company to invest in, considering it’s trend setting profit margins. This means other companies look up to it! It’s like the MJ of music (no pun intended

 Anyway, swinging my red cape back to The Bull, the fact that guys are waiting for the Safaricom listing should motivate any would be investor to snap up some shares. For mid term investment (in this case slightly more than two years) or even short term (up to just after the Safcom floatation), Mumias would be a good bet and it’s actually about KSh.11-13 per share. Although the Comesa free trade agreement wouldn’t be good for this company in about three years (research from our professors at the Rats and Roaches lab revealed that this trade pact means that any sugar from any Eastern or Southern African Comesa country would be traded almost tax free thus spelling doom for the expensive Mumias Sugar commodity), they have a deal awaiting approval for power generation for KPLC through their molasses producing wing of business. We certainly need power with all the blackouts that consistently happen countrywide. Kenya Commercial Bank also doesn’t seem to be a bad share since it is in the process of expansion. The share price is also quite low and due to the upcoming rights issue it’s bound to be a ‘bullish’(I’m starting to fall in love with the term) stock. Kenya-Re is also bound for some greatness following their spreading into new territory in other countries. Since it’s a Re-insurance company, it basically insures the insurance companies (or somethin’ like that). The insurance industry is also shaping up and getting rid of the jua kali run ones that only eat into our premiums without providing proportional cover. Atop this, they are also working on a self regulatory authority, which can be compared to the Media Council which mans (or womans) the media.

My new ventures into Matador land will hopefully leave me with no gores and more dough!