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BBK reports record profits FY 2010 results
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ProverB
#41 Posted : Wednesday, February 23, 2011 7:33:12 AM
Rank: Veteran

Joined: 3/12/2010
Posts: 1,199
Location: Eastlander
mukiha wrote:
What's the point of splitting a share whose market price is around 60 - 70? One could still get 100 pieces for less that sh10k!

I don't see their logic.


i still insist..BOD allowed this to appease shareholders who "un-informedly" sic want to know during AGM's why the share price has been sliding since the time they announced bonus n split
There is nothin fundamental to warrant the split..
unless to hoodwink people that at 17 bob..BBK is "growing" faster than similarly priced bank stocks. juvenile!
..Let your light so shine before men, that they may see your good works, and glorify your Father which is in heaven...Matt5:16
- 1769 Oxford King James Bible 'Authorized Version
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Jamani
#42 Posted : Wednesday, February 23, 2011 7:43:10 AM
Rank: Elder

Joined: 9/12/2006
Posts: 1,554
ProverB wrote:
mukiha wrote:
What's the point of splitting a share whose market price is around 60 - 70? One could still get 100 pieces for less that sh10k!

I don't see their logic.


i still insist..BOD allowed this to appease shareholders who "un-informedly" sic want to know during AGM's why the share price has been sliding since the time they announced bonus n split
There is nothin fundamental to warrant the split..
unless to hoodwink people that at 17 bob..BBK is "growing" faster than similarly priced bank stocks. juvenile!


@ProverB and Mukiha: What say you about Equity splits?
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ProverB
#43 Posted : Wednesday, February 23, 2011 7:55:40 AM
Rank: Veteran

Joined: 3/12/2010
Posts: 1,199
Location: Eastlander
..Jamani..all other splits where announced when share was trading well over 200 bob...including the infamous E.A Cables of which rumours of split were so rife while it was at 35 but eventually announced when stock was riding past 300..
no other stock has been split while trading below 100 bob.. ever.. i could be wrong considering my focus on this market spans only 10 years.. may be someone could enlighten us.

BBK's move is just fishy..
..Let your light so shine before men, that they may see your good works, and glorify your Father which is in heaven...Matt5:16
- 1769 Oxford King James Bible 'Authorized Version
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Jamani
#44 Posted : Wednesday, February 23, 2011 8:21:39 AM
Rank: Elder

Joined: 9/12/2006
Posts: 1,554
ProverB wrote:
..Jamani..all other splits where announced when share was trading well over 200 bob...including the infamous E.A Cables of which rumours of split were so rife while it was at 35 but eventually announced when stock was riding past 300..
no other stock has been split while trading below 100 bob.. ever.. i could be wrong considering my focus on this market spans only 10 years.. may be someone could enlighten us.

BBK's move is just fishy..


Sawa, I got your point
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Govmusili
#45 Posted : Wednesday, February 23, 2011 8:37:29 AM
Rank: New-farer

Joined: 1/13/2010
Posts: 85
Location: Nairobi
bartum wrote:
@Govmusilli go do home and differentiate between right and split. You still have a long way bro.


gai jesus, apologies mob bana believe me i know the difference, in my mind ive been reading bonus bcoz splitting the share didnt seem in question logical. Pray Pray Pray sorry sana bartum.
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VituVingiSana
#46 Posted : Wednesday, February 23, 2011 8:43:58 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,351
Location: Nairobi
It is the choice of BBK shareholders... Why are people getting hot under the collar?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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QD
#47 Posted : Wednesday, February 23, 2011 8:49:40 AM
Rank: Member

Joined: 8/5/2009
Posts: 597
I wondered what was making this stock be the most gainer yesterday. The mkt picked the tag line 51% profit increase en ran with it but without analysing the constituents of the profit increase to one off B/L sheet effects that will not be repeated sale of the custodial services en recovery of bad debts.

Lets wait for other banks to report then analys BBks growth vis avis other banks on all indicators. we may just wonder how nil the performance is .

My two cents
The problem with the world is that the intelligent people are full of doubts while the stupid ones are full of confidence
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guru267
#48 Posted : Wednesday, February 23, 2011 9:47:40 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
QD wrote:
I wondered what was making this stock be the most gainer yesterday. The mkt picked the tag line 51% profit increase en ran with it but without analysing the constituents of the profit increase to one off B/L sheet effects that will not be repeated sale of the custodial services en recovery of bad debts.


Under normal circumstances the stock would have rallied much more than it did but the reason it was up ONLY 10% was precisely because of the poor operational results...

the slight rally is because the current dividend yield is just too sweet to ignore.
Mark 12:29
Deuteronomy 4:16
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Govmusili
#49 Posted : Wednesday, February 23, 2011 9:49:08 AM
Rank: New-farer

Joined: 1/13/2010
Posts: 85
Location: Nairobi
VituVingiSana wrote:
It is the choice of BBK shareholders... Why are people getting hot under the collar?


Its just that its unprecedented in the market. It just looks suspicious, but atleast it has ppl excited, unlike some other counters i kno
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guru267
#50 Posted : Wednesday, February 23, 2011 9:59:02 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Govmusili wrote:
VituVingiSana wrote:
It is the choice of BBK shareholders... Why are people getting hot under the collar?


Its just that its unprecedented in the market. It just looks suspicious, but atleast it has ppl excited, unlike some other counters i kno


@govsmuli what is suspicious about a great dividend and a stock split especially after having a good year.. I really wonder what is so suspicious about that... d'oh! d'oh! d'oh! d'oh!
Mark 12:29
Deuteronomy 4:16
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