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Centum upcoming bonus
Rank: Elder Joined: 6/2/2011 Posts: 4,824 Location: -1.2107, 36.8831
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btw, is the process disposing the odds easy or tiring? Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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Young ones-in the game., it is good to ask so you can learn. If you buy centum now for the bonus. You will get your bonus shares. After which, the share price will fall. If you dont sell your entire centum holding, just after book closure, you'll be locked in or be forced to sell at a loss or meagre gains, before the price can come back to where it was. But you could always sell the new bonus shares, which are credited normally at the same date as the dividend payment. Immediately after the creditathon of the bonus shares you wont be the only one with odd lots, during this time, you will get time to sell or buy odd lots, as many ppl will be selling and buying them. Thereafter, you can still sell odd lots, but it will be harder as there wont be many buyers. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Member Joined: 8/16/2008 Posts: 5
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thanks alot for the info...will make an informed decision..let me watch carefully.. Wanawake.. Twende kazi..
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Just take tea at the table, avoid it on NSE. Looking for higher dividends? Get KCB.
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Rank: Member Joined: 6/25/2010 Posts: 176
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Aguytrying wrote:Young ones-in the game., it is good to ask so you can learn. If you buy centum now for the bonus. You will get your bonus shares. After which, the share price will fall. If you dont sell your entire centum holding, just after book closure, you'll be locked in or be forced to sell at a loss or meagre gains, before the price can come back to where it was. But you could always sell the new bonus shares, which are credited normally at the same date as the dividend payment. Immediately after the creditathon of the bonus shares you wont be the only one with odd lots, during this time, you will get time to sell or buy odd lots, as many ppl will be selling and buying them. Thereafter, you can still sell odd lots, but it will be harder as there wont be many buyers. Aguy, the bonus issue is on 7th and books close on 22nd. So ur suggestion is buy before 7th and hold until past 22nd?? Rule No.1 is never lose money. Rule No.2 is never forget rule number one
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Rank: Member Joined: 10/25/2010 Posts: 519 Location: nairobi
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There's money to be made here, cant wait to see how much Ill make in two weeks time...watch this space...!!!
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Rank: New-farer Joined: 3/29/2011 Posts: 56 Location: Kenya
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lovely2010 wrote:There's money to be made here, cant wait to see how much Ill make in two weeks time...watch this space...!!! I fear that a rally, if any, will not be as pronounced as the DTB rally in the run up to books closure, as only a 1:10 bonus is being offered. With the current downtrodden market outlook, how will the share price behave after books closure? On long term outlook though, this still remains a brilliant company, in my opinion.
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Rank: Member Joined: 10/25/2010 Posts: 519 Location: nairobi
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kenyainvesting.blogspot.com wrote:lovely2010 wrote:There's money to be made here, cant wait to see how much Ill make in two weeks time...watch this space...!!! I fear that a rally, if any, will not be as pronounced as the DTB rally in the run up to books closure, as only a 1:10 bonus is being offered. With the current downtrodden market outlook, how will the share price behave after books closure? On long term outlook though, this still remains a brilliant company, in my opinion. After book closure it will definately go down, but Im planning to exit some of my shares b4 22nd although I dont think it will go below 20bod after 22nd
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Rank: Member Joined: 1/25/2009 Posts: 184 Location: For now El-Fashier - Darfur
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@ lovely2010 count on me the price will tumble more than 10% below book closure price especially in this bear market plus the IPOs being hawkered around. Just sell off before bookclosure and wait at around 15 bob ex bonus! Target date before 5th Aug! "A bad decision made now is beta that a good one made later!!"
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Rank: New-farer Joined: 3/29/2011 Posts: 56 Location: Kenya
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underweight wrote:@ lovely2010 count on me the price will tumble more than 10% below book closure price especially in this bear market plus the IPOs being hawkered around. Just sell off before bookclosure and wait at around 15 bob ex bonus! Target date before 5th Aug! It would be a great shock to see it go this low. But then,if it happens, I would be falling over myself to get my hands on it.
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