http://www.businessdailyafrica.com/Corporate-News/Longhorn-seeks-to-increase-share-capital/-/539550/2980608/-/pa5bq6z/-/index.htmlwill this also sink to sub 2 and join the increasing list of mumias, home africa, and atlas?
that a massive dilution
"Shareholders who sit out the upcoming cash call could see their stake diluted by approximately 81 per cent if all the newly created shares are issued.
The Longhorn share closed trading on Monday at Sh4.70 apiece.During the year to June the firm’s revenues dipped by 39.3 per cent to Sh848.4 million owing to a dip in sales, especially at its Tanzanian and Ugandan subsidiaries and low book purchases in the regional market"
There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope