@sparkly, v true. strong +ve undercurrents...

This NIC is quite interesting. Assume you had 1,000 before announcement. Had you sold cum, you would have had ksh 39,000 (ignore transactions costs).
Had you hanged on you would have had a dividend of ksh 237.50 (.25*1,000*.95) and a bonus of 100 shares for a total value of ksh 38,188 using the ex-cd ex-b price of ksh 34.50
By selling cum, you would have been ahead by nearly ksh 800.
If you are attached to the stock you would have bought 1,130 shares with your ksh 39,000 - better of by 30 shares.

Guru, KPLC books were closing on 29-3-2010 or am i wrong. I was also expecting the price to fall but the price seems to hold.

@mkonomtupu you are right the books closed yesterday and i actually won the bet with my broker because he argued that the price rise was due to investors chasing the interim dividend so its price would fall ex div

whereas my arguement was that investors were chasing both interim and final dividend(so they cant sell now) and the others were reacting positively to the share restructuring.. this share price has plenty of support at current levels IMHO...

judging from the other counters and research they MAY also offer bonus shares at year end to make the rights issue attractive...

@mwala not all counters fall ex div especially equity bank this year... if you are planning to buy into it please do so soon because the market is starting to factor in huge growth in 2010 half year results into the share price...