Thanks for the feed-in, Bill.
You raise a very genuine and important concern, which is how would the populace react to an IT stock which they are not familiar with given the track record of similar stocks?
Was African Lakes on NSE as well or only on LSE?
Eric here
On 28 Nov 2006, at 15:38, Bill Kagai wrote:
Trading in one stock exchange does not complicate matters because institutional/foreign investors can still buy shares through the NSE. One good thing is that the NSE is the dominat exchange in EA with 51 listed companies and 3 or so cross listed in Dar and Kampala.
Kampala has only 8 quoted companies and about a similar number in Dar which will soon be trading under one exchange in a couple opf years.
The other interesting challenge will be how the stock is embraced considering that the only IT stock ever listed (African Lakes) collapsed after a while, whilst the anticipated Wananchi IPO has not taken off yet. Basically, we are yet to see how the market will react to IT related stocks. See the following links on the pilot stock-detective.co.ke website we have been developing.
http://www.stock-detective.co.ke
and also on a discussion posted regarding Telkom upcoming listing..
http://www.stock-detective.co.ke/public-discussion-forum/public-discussion-forum/post200609202612783179
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