The 23% share price increase in a single day is unexpected but welcome.
This is the cause after the announcement today
Car & General FY13 EPS up 18% to KES 8.83, DPS
up 45.5% to KES 0.80. *Despite
starting off with a weaker 1H13 which had the
general election, Car &
General reported FY13 results to September with an
18% increase in EPS to
KES 8.83. DPS came in at 0.80, up 45.5%y/y. The company has
bonus share issue of 1:5 with books closure for both
dividend and bonus
being at the close of business of 19 February 2014.
Revenue rose 23.5%
boosted by the Kenya and Tanzania TVS two and
three wheeler core market.
During the year, the company introduced Korea’s
equipment and Japan’s Kubota tractors, started the
CKD plant in Nakuru
among other initiatives.
Monopoly was the industrial age money game and the name of the new game of money today in the information age is CASHFLOW