June 2016 Dividend Income: Nil
Please see what I wrote in May for further explanation, but basically I have been finding better value in my local market than in the UK/USA where I am wanting to invest for the purposes of this site.
This has been fortunate to some extent, especially the fact that I have avoided investing in the UK, following Brexit.
Brexit has though created some possible opportunities. I wrote about one, Intu Properties PLC, in my last post, which is the owner of 9 of the 20 largest shopping malls in the UK. I am keeping an eye on this and other opportunities which I may be able to take advantage of when I have the funds.
I did buy 4620 shares (cost of roughly $1600) for my local South African portfolio in a stock called Choppies (stock code: CHP), which is a food retailer based in Botswana, but rapidly becoming a pan-African retailer with operations in Botswana, South Africa, Zambia, Zimbabwe and Kenya. They target the smaller towns, overlooked by the larger retailers, much like Walmart did in the United States. I have been accumulating small amounts of this stock for a year and plan to continue to do so.