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Now is the time to invest in the Mauritian Stock market – March April May 2010 –
Most companies have recovered from the crash that the local market following recession. The SEMDEX reached its minimum last year in March 2009, some companies falling as low as their nominal values! But since there, the market has roared. If I had put my money then, I’d be happy with a 25-100% profit… Demand kept rising until recently…
There’s now a fall… I read somewhere that Mauritians spend less in February-March. That’s post new year effect… I wondered if it applies to investors as well. The current decrease in the prices of some companies seem to suggest that it is the right time to get in again… MCB, Naiade, ENL Commercial… are just few of the companies that I spot. You’ll say Naiade is making losses, but I’d say it won’t be long. The other groups in the sector are already priced past their NAV…
Companies to watch in my opinion:
- MOR – Mauritius Oil Refineries
- MCB
- BAIN
- SBM
- MCFI
- NRL – Naiade Resorts
- GIDC – ENL Commercial
- AIRM – Air Mauritius
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Now it’s decided, I’m going to try to buy 100 GIDC shares and the falling NRL.
So NRL announced they’re issuing new shared by July… and the price keeps going down… let’s wait a few days and see when the time is right! Meanwhile I bought 100 ENL Commercial (GIDC).
Just like I thought, BAI shares are soring after election results. Don’t waste time. Either you get it this week or you don’t!
It’ll soon be time to buy Naiades shares, it’s going down…
Financial statements of NRL is promising, they are making profits and positive cashflow… but…