whats happening to this counter despite it paying a good div

@ guru look at the calculation i did in another topic on this forum...kcb is a sell with or no rights...why not equity???

Got rid of half of my holdings at 30 bob and sold the other half after the rights at 25.

Since then I've never looked at KCB again.

I'm waiting for this rights that are coming to cause whatever dilution and once the dust has settled, get back in.

I'm sure at that time the returns from regional expansion(after investing the capital raised from the first rights) will have started trickling in consistently.This will push the stock upwards, even if slightly.

But before the pressure to yield on investment made using capital raised from the coming rights(or if the new investments post negative returns),I will bail out,watch from the sidelines and re-strategise.

Any Scrip whether KCB or any other bank, price appreciation stops when comes to public with a right at a lower value. moreover right issue is a real big one. One must sell now and pick after ex- rights.

Martin Oduor's contract extendended to 2013.
Don't know if that is good or bad since although he has managed to "grow" the bank, many shareholders don't seem to be too pleased with the share.
Investors are suffering from a bout of too-many-rights-issues syndrome (TMRI Syndrome)