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Schumpeter_1

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  • Sri Lanka Investing Blog [View instapost]
    Thanks !
    Dec 31, 2012. 03:45 AM | 6 Likes Like |Link to Comment
  • East & Sub-Saharan Africa Investing Blog [View instapost]
    Might be valuable to compare landprices on a per acre basis. Yesterday I read that Belgium/ Luxemburg listed palmoil plantation companies were very much cheaper than Singapore. And yes, there is also (at least 1) an Asian listed plantation company in Belgium/ Luxemburg (besides African plantation companies).
    Dec 28, 2012. 08:46 AM | 1 Like Like |Link to Comment
  • East & Sub-Saharan Africa Investing Blog [View instapost]
    I agree with you on the latter matter. Bas Congo is quite safe and doesn't suffer from the anarchy in Eastern-Congo (that only seems to reach television). Though I am still a bit worried (as a big fan of wildlife) It says zero deforestation because of re-planting, but what about those lowland gorillas ?

    I am big fan of investing in agricultural lands and even more keen on frontier markets, but it seems to be a re-occurring worry to me with those plantation companies.

    Moreover there is a word of precaution. Each time Congo troubles start, they start locally in the eastern part, i.e. the rise & march of a new rebel group. Recently rebel group M23 conquered Goma, while the UN wasn't prepared to do anything. Not even defending local civilians. M23 said it wanted to march to Kinshasa (DRC's capital), i.e.. the west. It was only after international pressure on Rwanda and Uganda(!) that M23 didn't do it and even left Goma.
    Dec 28, 2012. 08:30 AM | 1 Like Like |Link to Comment
  • East & Sub-Saharan Africa Investing Blog [View instapost]
    I know the firm.
    Quite important to know is that Feronia Uganda Limited is not associated with them (as I always mistakingly thought).

    I believed that SA author John Polomny was also watching this stock ("As far as other countries in Africa I like Banro (BAA) in the DRC. I also am looking at a small compnay that is rehabilitiating a palm oil plantation that used to belong to Unilever.")
    Dec 28, 2012. 08:07 AM | 1 Like Like |Link to Comment
  • East & Sub-Saharan Africa Investing Blog [View instapost]
    I know that one too (ETPHF.PK). I had it in my portfolio.
    Boy, did that stock costed me money.
    Dec 28, 2012. 07:47 AM | 1 Like Like |Link to Comment
  • Sri Lanka Investing Blog [View instapost]
    Abandoned?
    I wouldn't bet on it....
    Coincidentally I was just yesterday checking on those Unit Investment Trusts. Quite an opaque area, isn't it ?
    Or am I looking at wrong places? Can't find any details on holdings or semi(-annual) reports of these Trusts. Can't even find which companies there are in the "Top 10 index" (i.e. Ceylon Index Fund).

    By the way, quite an impressive amount of "likes" on your comments in the Lankan blog. Many followers on the subject.
    Dec 27, 2012. 04:28 PM | 7 Likes Like |Link to Comment
  • East & Sub-Saharan Africa Investing Blog [View instapost]
    Allana Potash Joins the Ceremony of Tadjourah Port Construction Start

    Marketwire - Dec. 18, 2012 - Allana Potash Corp. (ALLRF.PK) wishes to express its congratulations to the Djibouti Ports and Free Zones Authority (DPFZA), the Governments of Djibouti and Ethiopia, and the people of Tadjourah Region in Djibouti, on the official completion of financing and start of construction of the new bulk port at Tadjourah, Djibouti.

    http://mwne.ws/TYVqyc
    Dec 26, 2012. 11:23 AM | 3 Likes Like |Link to Comment
  • Middle East North Africa Investing Blog [View instapost]
    Pure coincidence,..
    Today, Bloomberg has also posted an article on the upcoming, largest Iraqi IPO ever and largest mideast IPO since 2008. I really read it after I had posted above...

    http://bloom.bg/TURC1c

    Should give Iraqi stock market momentum, as noted by FMG.
    http://bit.ly/Uki857
    Dec 25, 2012. 08:34 AM | 1 Like Like |Link to Comment
  • Middle East North Africa Investing Blog [View instapost]
    Last November Marc Faber was in Holland for our annual Investor Day. He recommended buying Coca Cola Iraq. According to his October '12 Gloom, Boom and Doom report he doesn't see great value in Asia at the moment, but he does see it in Iraq (page 12). Recommending the Euphrates Fund (min. $ 250,000). Though there is also a Mesopatamia Fund (min $250,000). I wonder whether the latter minmum also holds for the participations listed at ISX itself.

    However, personally I am more attracted towards the FMG Iraq. With a minimum investment amount of $10,000 it seems most appropriate for my financial situation.

    Gloom, Boom en Doom:
    http://bit.ly/TUN6Qg

    Iraqi bussiness:
    http://bit.ly/10ewjge

    FMG Iraq Fund:
    http://bit.ly/TUN4I7

    By the way, for those who seek a broker to buy Coca Cola Iraq => Rabee Securities:
    http://buswk.co/10ewjgk
    Dec 25, 2012. 08:02 AM | 2 Likes Like |Link to Comment
  • Myanmar Investing Blog [View instapost]
    Thanks for the comment.

    Does the link below work ?
    http://tinyurl.com/c9n...
    Dec 25, 2012. 07:21 AM | 1 Like Like |Link to Comment
  • Myanmar Investing Blog [View instapost]
    Getting Myanmar exposure:
    http://bit.ly/TmWnE1
    (check the table entirely below)

    Super Group, Yoma and Interra:
    http://bit.ly/12Lh9xT

    Nestle's Myanmar coffee business:
    http://on.ft.com/TmWmjE
    Dec 24, 2012. 04:06 PM | 1 Like Like |Link to Comment
  • Do Africa Funds Provide Access To African Growth? [View article]
    Once upon a time there was this Millicom International Cellular (MIICF.PK) on a U.S. stock exchange. But it is (going to be) delisted and only maintains its Swedish listing (while the company HQ is in Luxembourg). It covered Chad, Congo, Chad, Mauritius, Rwanda, Senegal and Tanzania, i.e. mainly the niche of French speaking Africa (except Tanzania). It is well-run and stock price has come off this year. But mainly its market dominance in Rwanda attracted me. Rwandan economic development is doing good and envied by its neighbours.

    http://bit.ly/TOzYvL

    Full disclaimer: long Millicom
    Dec 23, 2012. 01:58 PM | 1 Like Like |Link to Comment
  • Do Africa Funds Provide Access To African Growth? [View article]
    rcpatrick5443

    I would recommend reading the article "11 Africa-Focused Mutual Funds and ETFs" to which the author is referring to. Unfortunately they all have at maximum 25%.
    Dec 23, 2012. 01:45 PM | 1 Like Like |Link to Comment
  • 11 Africa-Focused Mutual Funds And ETFs [View article]
    Ryan,

    I very much appreciate your contribution and presence at SA !

    Basically I was always having the same preferences, i.e. getting REAL exposure to the rise of an African middle class, without South Africa and the MENA region and without resource companies. Benefiting from a (new) local demand in (real !) African frontier markets by consumer companies. Preferably by locally listed shares.

    Likewise you were performing the same screens like I always tried to perform. (Otherwise i might as well bought an oil/ gold stock or Egypt country fund).
    And I was happy that my preference for the Templeton Frontier Markets (TFMAX) mutual fund was in line with your conclusion, i.e. high in its end ranking & among those top picks it had the widest geographical diversification across Africa.

    But I was even happier to learn from mutual funds like the Nile Pan Africa Fund and Wasatch Frontier Emerging Small Countries Fund, from which I both never did hear of.

    Which fund do you believe has the most hidden gems in its holdings ?
    Such as CFAO in TFMAX before it had a take over bid from Toyota.
    Companies that fly under the radar, because the company itself is not known to the public, they are listed on a less liquid (mostly non-US) stock exchange or their African operations remain largely hidden to a wider audience (e.g. Bollore SA). Or companies that are unique as a pure play to a certain country.
    I mean companies like Massmart (or Wallmart), MTN, Bharti Airtel and the whole array of Nigerian banks are almost standard in any mutual fund focusing upon Africa. As opposed to companies like CFAO, SocFin, Bollore or even Millicom.
    While Kolao, Naga Corp and Yoma in SE-Asia provide unique plays to respectively Laos, Cambodia and Myanmar outside their country borders.

    Many thanks !
    Dec 23, 2012. 12:34 PM | 2 Likes Like |Link to Comment
  • East & Sub-Saharan Africa Investing Blog [View instapost]
    MTN & Bharti eying Ethiopia:
    http://bit.ly/TO6QVv
    http://bit.ly/YBGHOy
    http://bit.ly/TO6QVx

    The Djibouti-Ethiopia-South Sudan Transport Corridor:
    http://bbc.in/YBGHOF
    http://buswk.co/TO6QVC
    http://bbc.in/YBGHOO
    http://bit.ly/TO6QVJ

    http://on.wsj.com/YBGI56

    (MTN Group is already present in South Sudan. Next's mobile money frontier http://bit.ly/TO6RbZ)
    Dec 23, 2012. 11:16 AM | 2 Likes Like |Link to Comment
COMMENTS STATS
218 Comments
77 Likes