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ridiculous demand for dividends!!!!
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astute
#1 Posted : Friday, May 07, 2010 4:49:11 PM
Rank: Member

Joined: 3/24/2010
Posts: 101
Location: Nairobi
i think shareholders have to be educated!!I have been investing in stock for 8 years..I attended my first AGM today for KCB and was surprised by some shareholders demands....if KCB shares earnings per share was sh1.84, how does a sober investor expect a dividend of sh 3 and above???that was the demand of one shareholder. I remember watching a similar demand at Safaricoms AGM last year...a shareholder wanted a dividend of sh 1 per share and yet earnings per share was something to the tune of sh0.25....Wazua aren't these demands ridiculous. Do these shareholders understand business.. Do they want their companies to pay them what they have not made...or maybe borrow to pay dividend...what kind of business is this....quite ridiculous...Wazua sema...
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PKoli
#2 Posted : Friday, May 07, 2010 4:56:44 PM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
@astute

True..That is why it very difficult to get info about the company's strategical during AGMs. We still have uneducated shareholders who will be more interested in getting dividends that growing the share price. Look at Total
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2012
#3 Posted : Friday, May 07, 2010 5:08:05 PM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
As much as that is, I understand the shareholders' frustration especially the new ones who joined through SCOM IPO. How do you tell a guy that dividend from his/her investment after 12 months is equal to two phone calls?

BBI will solve it :)
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  | | Edit by user: Friday, May 07, 2010 5:09 PM | Reason: Not specified
JabaBoeku
#4 Posted : Friday, May 07, 2010 5:27:07 PM
Rank: Member

Joined: 4/28/2008
Posts: 53
2012 wrote:
How do you tell a guy that dividend from his/her investment after 12 months is equal to two phone calls?

Very well put!
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BGL
#5 Posted : Friday, May 07, 2010 5:37:01 PM
Rank: Veteran

Joined: 10/11/2009
Posts: 1,223
I have 14 counters in the NSE and i want to add Carbacid to my portfolio this year. However, i never attend the AGMs because of; (i) Busy schedule (ii) Disorder as a result of shareholders who go the AGMs to collect freebies and lunch-boxes. I remember watching on TV one Mr. Chami complaining to Safaricom directors why they have not provided food to the attendees.

But looking at it from a different angle, it makes a lot of sense to some shareholders.... A branded polo shirt, a cap, bag and a lunch box etc etc is much more than the dividend they receive. So, it is not out of the blues that a shareholder will demand a dividend of Ksh 1 BOB WHEN THE EPS was Ksh 0.25, because attending the AGM is for a completely different purpose. However, attending a Pan Africa Insurance Holdings AGM is a different experience all together.
History will not remember you for your IQ. It will remember you for what you did. “Genius is 1 percent inspiration, 99 percent perspiration.” Thomas Edison
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  | | Edit by user: Friday, May 07, 2010 9:17 PM | Reason: Not specified
youcan'tstopusnow
#6 Posted : Friday, May 07, 2010 6:46:54 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
BGL, ati collecting lunchboxes? Kali hiyo.
But this is what to expect from a developing country. Most people never understand how stocks work. Most of the people who participated in the Safaricom IPO sold out at a loss when it was 2.90 and can now be heard complaining that they were "conned" after seeing the price rise past 6 bob.
Some are even talking about conspiracy theories.
Plus it is difficult for some people to understand how Safaricom can make a profit of 18 billion and give "only" 10 cents as dividend.
But we cannot blame them.
Does anyone know what happened to the Investor Education that the Ministry of Finance and the CMA were supposed to undertake?
GOD BLESS YOUR LIFE
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sparkly
#7 Posted : Friday, May 07, 2010 8:14:35 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
On the freebies, who are most generous? Why buy umbrellas when you can just walk into the kicc for bbk agm over lunch and walk out with one?
Life is short. Live passionately.
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VituVingiSana
#8 Posted : Friday, May 07, 2010 9:07:54 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
JabaBoeku wrote:
2012 wrote:
How do you tell a guy that dividend from his/her investment after 12 months is equal to two phone calls?

Very well put!
Tell the fool that he invested small money so he gets small money...

Dividends in Kenya are about 3-8% (depends on the firm)...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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VituVingiSana
#9 Posted : Friday, May 07, 2010 9:11:16 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
I used to go for AGMs but I hardly do so unless I have a 'larger' holding...

Silly (or ignorant) questions:
- Will you hire my kid/s?
- Can I get bus fare?
- I came all the way from ___ for the AGM. I need money for accomodation
- Why don't we have the AGM before lunch so we can have lunch?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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kyt
#10 Posted : Friday, May 07, 2010 9:28:04 PM
Rank: Elder

Joined: 11/7/2007
Posts: 2,182
Applause niice
LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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