Comments on Daniel Broby's articles RSS Syndication from SeekingAlpha.com http://seekingalpha.com/author/daniel-broby/articles http://seekingalpha.com/article/137414-gaf-barely-exposed-to-emerging-middle-east-and-africa?source=feed#comment-511879 511879 Wed, 20 May 2009 15:44:09 -0400 http://seekingalpha.com/article/137414-gaf-barely-exposed-to-emerging-middle-east-and-africa?source=feed#comment-503270 503270 Dear Daniel, > > Good to see you again. > > I have to agree with your SSA prognosis, we are just beginning to > exit a VERY FAT TAIL. > > Re: This ETF It seems to me a common problem of ETFs in that what > is in them is frequently different to what Investors might expect > from the Sticker. > > Safaricom looks very cheap at 2.80 PE implied of 8 and the Cables > have landed just outside Fort Jesus in my home town of Mombasa.
bring > the Communications unit price from a fancy $3500 to $100.00 per unit. > > > You can track level 1 prices in real time via http://rich.co.ke http://richlive.co.ke > for free. > > best wishes > Aly-Khan Satchu > http://rich.co.ke]]> Thu, 14 May 2009 07:18:46 -0400 Hi Aly-Khan,

Thanks for this. Great to get feedback from an Africa investment guru! Sorry I missed you when I was last over in Kenya.

My only concern on Safaricom is the large stock overhang. Otherwise, totally agree with you.

Best regards,

Daniel


On May 13 09:34 AM Aly-Khan Satchu wrote:

> Dear Daniel,
>
> Good to see you again.
>
> I have to agree with your SSA prognosis, we are just beginning to
> exit a VERY FAT TAIL.
>
> Re: This ETF It seems to me a common problem of ETFs in that what
> is in them is frequently different to what Investors might expect
> from the Sticker.
>
> Safaricom looks very cheap at 2.80 PE implied of 8 and the Cables
> have landed just outside Fort Jesus in my home town of Mombasa.
bring
> the Communications unit price from a fancy $3500 to $100.00 per unit.
>
>
> You can track level 1 prices in real time via rich.co.ke richlive.co.ke
> for free.
>
> best wishes
> Aly-Khan Satchu
> rich.co.ke]]> http://seekingalpha.com/article/137414-gaf-barely-exposed-to-emerging-middle-east-and-africa?source=feed#comment-503216 503216 Thu, 14 May 2009 05:20:04 -0400 http://seekingalpha.com/article/137414-gaf-barely-exposed-to-emerging-middle-east-and-africa?source=feed#comment-502770 502770 Wed, 13 May 2009 18:18:39 -0400
Far better to invest in foreign companies deriving profits from this region - autos, construction, oil services, basic infrastructure, pharms, and the like. They're all here, doing fine work - and are seldom subject to the same political games that transform real estate speculators from bust to billionaire to bust again within a handful of years.]]> http://seekingalpha.com/article/137414-gaf-barely-exposed-to-emerging-middle-east-and-africa?source=feed#comment-502769 502769 Wed, 13 May 2009 18:18:17 -0400 http://seekingalpha.com/article/137414-gaf-barely-exposed-to-emerging-middle-east-and-africa?source=feed#comment-502466 502466 Wed, 13 May 2009 14:50:40 -0400
However, it's understandable that a truly diversified ETF in Africa and the Middle East would be hard to maintain. Most Middle Eastern countries have very limited foreign-accessible stock markets, and the smaller African countries don't have a lot of companies with enough liquidity to satisfy the trading needs of an ETF. There aren't even any closed-end funds (on US exchanges) trading in this area, AFAIK, even though that would be much easier to manage. Maybe in a few more years.]]> http://seekingalpha.com/article/137414-gaf-barely-exposed-to-emerging-middle-east-and-africa?source=feed#comment-502387 502387 Wed, 13 May 2009 14:04:57 -0400