It has brought him closer to achieving his ownership target, sparked a rally in Kakuzi’s shares when it was first announced publicly.

The Nairobi Securities Exchange-listed company’s stock has gained 77.3 per cent since Mr Kimani’s February announcement of his intention to buy an extra four per cent stake to close at Sh360 in Wednesday’s trading.

I have said this time and time again. If you are a big timer (who can affect the share price) you should only go public AFTER buying the shares. You can inform CMA where regulations require you to but why talk to the press complete with your targets???


Kirubi also talked before with a similar outcome!!!

The stock has gained 61 per cent over the past one year, largely on Mr Kibunga’s announcement in February 2015 of his intention to buy an extra four per cent stake in the company.
Similar share purchase announcements in the past have attracted speculators seeking short-term gains, leading to major price rallies, including that of Centum where Mr Chris Kirubi announced and concluded the acquisition of an extra five per cent equity in the company.