Adding to Lonrho Position

By Travis Johnson, Stock Gumshoe, August 18, 2010

(adsbygoogle = window.adsbygoogle || []).push({ google_ad_client: "ca-pub-0585312801691043", enable_page_level_ads: true });

Just a quick note: I’m adding to my position in Lonrho this week, the african mini-conglomerate that I profiled for the Irregulars back in October — this is the second buy I’ve made of Lonrho shares, both at prices above where it was then, but I think the current price again, after a bit of a dip in recent months, provides a good buying opportunity for the long term.

There’s been a fair amount of news about Lonrho in recent months, so I’ll try to give a deeper look this week in the Friday File if you’re interested — the news I like, in brief, is that they’re taking full ownership of their most important division and getting more clients for the Luba port, and, in a move that I think might make some real difference in the trading and investor interest, they’re looking to move their primary listing to Hong Kong by the end of the year and bring on some big Chinese investors.

More soon, just wanted to update you on my portfolio.

(adsbygoogle = window.adsbygoogle || []).push({});

Sign Up for a Premium Membership

To view the rest of this article (and to have full access to the rest of our articles), sign up.
Already a member, log in.

Become a member