People are buying bank stocks all over the world to capture the growth in that country. They are scooping up shares in African nations which by the geography is speculative and I don't think their dividend rates are that generous so I would go with the ultimate gamble in the wildest region and buy IBI.
It is in the nation of Uganda which has been overlooked due to horrible mismanagement by the differing governments over the years. Uganda will want to be a part of the bigger picture if their African brethren are reaping reward of capitalism. If that is the case, IBI presents a strong investment opportunity due to its strong gold and uranium portfolio in the country.
They have the potential of having recurring revenue if Rio Tinto decides to progress with their Vermiculite mine in the country.
4 cents share. No one is going to recommend it but fortunes come to the brave.
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1 comment:
Well written article.
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