Please help me with the maths above, how does a split lower your average purchase price.Or are you confusing it with a bonus?[/quote]
@vestor; even for @Njung'e I can't see the immediate advantage of a split.

My worry about this stock is that customer deposits have been stagnant or decreasing. All other banks will show a 20% increase in customer deposits. It will be the no. 5 bank in two to three years. The split must be a way of shoring up its share value. Dispoing assets is not a way of measuring performance. Writing back bad debts is also not another way of measuring performance. This two activities have a limit and cannot go on for ever. After a while the true performance of this stock will start showing.

Am leaving b4 the honey moon ends

That will be a good move. The stagnation of key metrics on the BS show smoke n we know what accompanies where there is smoke!!

@FundamentAli, i'm in agreement with you. The devil is in the detail. Look at their off balance sheet items and other disclosures. Look at how they came up with the provisions for bad loans/debt. Check at the increase in collections of the previously written off debts (shown as income as had been previously expensed). Under other incomes carefully look at the various contributors (forex income specifically). Actually if you give their income a little haircut and ignore the one off gain on the sale of the custodial biz(of which we are yet to know the valuation parameters used) then you'll get to know the real growth & as per Adan's statement the process of offloading guys will go on for the next 1 to 1.5 years. I think the share is flying on the basis of the div payable coz sustainability of the posted earnings is questionable.
IMHO the split is just for making the share be liquid enough.