ACTIVITY 12: PURCHASE OF 12800 KCB SHARES AT AVERAGE PRICE OF KSH 19.30DATE: 20TH SEPTEMBER 2010
VALUE OF PURCHASE: KSH 19.30 X 12800 = KSH247,040
ADD 2% TRANSACTION COST = KSH 4940
TOTAL COST TRANSACTION = KSH 251,980
CASH IN HAND AFTER ACTIVITY 11 ; KSH 253,275
CASH USED IN ACTIVITY 12: KSH 251,980
CASH IN HAND AFTER ACTIVITY 12: KSH 1295
SUMMARY OF PORTFOLIO AFTER ACTIVITY 12:
KCB SHARES - 22,800
SCBK SHARES - 2,111
CASH IN HAND - KSH 1295
RATIONALE OF PURCHASEThe KCB Share seems to be moving towards the Ksh 20 range and hence my earlier purchase target of below Ksh 19 is not practical.
My target exit price is Ksh 26 or March 2011 whichever comes first.
Happy hunting
x handle: @stocksmaster79