wazua Tue, Mar 24, 2026
Welcome Guest Search | Active Topics | Log In

3 Pages<123>
mumias split
Options
Previous Topic · Next Topic
Horton
#11 Posted : Thursday, March 18, 2010 9:14:44 AM
Rank: Veteran

Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
livie wrote:
Thanx @Horto and @nmukiha for your responses.

I got the shares at the time they had an IPO last.

Please indulge me on the meaning of "bonus split"




http://www.traderji.com/...-share-stocks-split.html
Back to top
  |
mukiha
#12 Posted : Thursday, March 18, 2010 9:33:06 AM
Rank: Elder

Joined: 6/27/2008
Posts: 4,114
livie wrote:
Thanx @Horto and @nmukiha for your responses.

I got the shares at the time they had an IPO last.

Please indulge me on the meaning of "bonus split"


How many did you buy and how many do you have now?

Bonus: Reserves are converted into shares which are given to shareholders and the appropriate rate, eg, "two FOR every one held". The PAR value [na usiulize hiyo ninini!!!] remains unchanged but the share capital increases by the same factor.

Split: Existing shares are sub-divided into smaller ones, eg, each share now becomes two shares, the we say it is a "a one TO two" split. The par value drops by the same fraction but the share capital remains unchanged.
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
Back to top
  |
mwenza
#13 Posted : Thursday, March 18, 2010 9:36:09 AM
Rank: Elder

Joined: 4/22/2009
Posts: 2,863
livie wrote:
can anyone bring me up to speed with the mumias share split that was to take place i think last year...?what became of it?




@livie.....Are you sure you are now not shifting the goal posts? Your initial post is very clear. Now you again talk of IPO! Naivete can be tolerated but slyness cannot.
IF YOU EXPECT ME TO POST ANYTHING POSITIVE ABOUT ASENO, YOU MAY AS WELL SIT ON A PIN
Back to top
  | | Edit by user: Thursday, March 18, 2010 9:41 AM | Reason: Not specified
livie
#14 Posted : Thursday, March 18, 2010 10:00:09 AM
Rank: Veteran

Joined: 11/1/2008
Posts: 834
Thanx @guru267 @Horton and @mukiha for your responses.

i get it now.

my math tells me i should have double the amount of shares i had initially before the split....thats not the case.

i haven't sold or bought any mumias shares since the ipo.....

get my drift?

@mwenza...the goalpost are right where they were wen i started,thank you.
If you are going to be thinking only one thing, you might as well be thinking big. -Donald J . Trump
Back to top
  |
guru267
#15 Posted : Thursday, March 18, 2010 10:11:03 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
@livie you might have a real problem.. the best thing is to contact your broker about it..
Mark 12:29
Deuteronomy 4:16
Back to top
  |
mukiha
#16 Posted : Thursday, March 18, 2010 10:25:27 AM
Rank: Elder

Joined: 6/27/2008
Posts: 4,114
livie wrote:
Thanx @guru267 @Horton and @mukiha for your responses.

i get it now.

my math tells me i should have double the amount of shares i had initially before the split....thats not the case.

i haven't sold or bought any mumias shares since the ipo.....

get my drift?

@mwenza...the goalpost are right where they were wen i started,thank you.


Actually, if you bought during the Second Public Offer in Dec 2006, you should have THREE TIMES the number you bought, not double.
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
Back to top
  |
mwenza
#17 Posted : Thursday, March 18, 2010 10:27:29 AM
Rank: Elder

Joined: 4/22/2009
Posts: 2,863
@livie.........I now feel you brother. I have not heard any issues with MSC, lakini kengen, wacha tu i keep receiving dividends for shares i dont own. Please, please the word bonus and split are not interchangeable.

In the event of a split the share prices are expected to come down prorata. However in the event of a bonus issue the share prices are ideally expected to remain the same though what happens on the ground is not ideal.....Our brokers treat post-split and post-bonus prices the same.
IF YOU EXPECT ME TO POST ANYTHING POSITIVE ABOUT ASENO, YOU MAY AS WELL SIT ON A PIN
Back to top
  |
guru267
#18 Posted : Thursday, March 18, 2010 10:39:04 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
@mwenza a bonus offering can cause the share price to fall as the EPS becomes diluted...

eg issued shares of a company.. 5,000,000 (EPS 15)
If there is a bonus of 2:1.. new issued shares are 10,000,000 (EPS 7.5)

i dont really see any difference between a bonus issue and a share split....
Mark 12:29
Deuteronomy 4:16
Back to top
  |
mwenza
#19 Posted : Thursday, March 18, 2010 10:57:51 AM
Rank: Elder

Joined: 4/22/2009
Posts: 2,863
@guru267.............The par value of the share in the event of a split is divided accordingly and therefore it makes sense to divide the price likewise. However, the per value in the event of a bonus issue remains unchanged. Therefore, theoretically, the share price just like the per value should remain unchanged.
IF YOU EXPECT ME TO POST ANYTHING POSITIVE ABOUT ASENO, YOU MAY AS WELL SIT ON A PIN
Back to top
  |
guru267
#20 Posted : Thursday, March 18, 2010 1:46:07 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
@mwenza theoretically!! i,ve seen different in practice...
Mark 12:29
Deuteronomy 4:16
Back to top
  |
3 Pages<123>
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Wazua Investor Theme
Powered by YAF | YAF © 2003-2009, Yet Another Forum.NET
Copyright © 2026 Wazua.co.ke. All Rights Reserved.