Incorporated on October 22nd, 2018 under Kenya's Companies Act (2015), Unashig Kenya PLC's foray into stock-market investing began as a set of three low-key transactions just over two months later -- on December 27th, 2018. Indeed, share-ownership was fused into Unashig's corporate DNA from the start -- though it took rather long to even begin to reveal itself in the public domain.
On that day in December 2018, we bought 12,000 Safaricom shares in two tranches of 3,300 and 8,700 shares @ KES 22.90 per share -- for a total of KES 279,829.95. We also bought 3,400 shares in Nairobi Securities Exchange @ KES 14.00 per share, and a total of KES 48,609.55. As it turned out, those were the only shares that we bought in that first year. More buys followed in 2019 and 2020, as the strength of pooled funds began to create a momentum.
We have never sold a share; or, better still, we have not sold any shares todate. We are more focused on growing value through more buys -- with the added focus on reducing the average purchase price per share as a valuable route to enhanced dividend yield -- and a higher "Rule of 70"-driven progression rate.
At the end of August 2020, then, and with the ongoing capital raising drive -- whose results have surprised all of us -- here below is the list and quantum of shares in Unashig's Manyata:
READ: Unashig's Portfolio of Shares Quoted on the Nairobi Securities Exchange, as of August 31, 2020.
The aggregate market value of Unashig's holdings at end-of-(Market Day, August 31st 2020) was KES 3,246,501.00 (or approx. US$29,968.62, based on an exchange rate of $1.00 for KES 108.33). We will keep monitoring these figures.
Updated: September 2, 2020
