Let me not say much about the prospects of the share prices BUT I have a feeling the Kaplot is too small for that amount. Unless it is a prime commercial plot next to the main road and NOT on cotton soil, then for me the deal is not attractive.

Are you disposing shares at a loss? Don't have much experience with land but I generally find people are willing to wait much longer with land than shares.

Assuming today is 20-Mar-2011, how much is it likely the shares would give you versus the land for speculative purposes?

Assuming today were 20-Mar-2012, how much then?

if u r buying a plot, have a plan first i.e what do u want to do with the plot? develop rental units or shops/ how much will u make as rent? once you come up with the plan, buy the plot and immediately seek for construction financing because just buying the plot without constructing on it will not generate income. most banks give 80 to 100% financing on a good feasibility study and when you own the plot.

Property market is good to venture into... If you say you have not viewed the plot in question, then i feel you are climbing the tree from the top. Before you contemplate looking for money, why dont you go see the plot first and then evaluate if you would really foregore your EB, CB shares for the plot being offered... Sometimes the land could be a good deal but you have to view it first before you decide on your opportunity costs...

Depends on how much your loss is. I think Equity will touch Ksh21 this year.
A plot has to be viewed before you can see if its worth Ksh450 and also whether it has the potential to compete with likely upside from Equity

Dispose of the shares and buy the plot. You will not regret it!