I do not think it went down. There are no sellers at 49/-. And the dividend is a special dividend. The 1Q 2009 will be tough for them in Kenya. Biggest profit growth was in subsidiaries. Kenya is a tough market for them.

Greedy when others are fearful,Very fearful when others are greedy - to paraphrase WB

price can move more than 10% due to announcement.

This looks like a trade between books,ie one broker did both ends....

Supposed to be illegal according to NSE trading rules,but who will enforce?


Business opportunities are like buses,there's always another one coming

Friday,AFTER close of trading. So,this is the first trading day after announcement,hence 10% rule suspended!

Business opportunities are like buses,there's always another one coming

As stated elsewhere,this is the result of a big block trade that was not available to the rest of the market. Note that the transaction happened right at the start of trading on the PROMPT board. Of course,it raises questions as to why transact at such a low price after such GOOD results! There could be all sorts of reasons e.g. a 'private' deal between two big holders - who are also seeking to limit the commisions they pay on the transaction.

However,note NSE calculates the prices for the day on the basis of Volume Weighting hence closing price will be Kshs 30 or thereabouts. But I do not not expect that there will be sellers at the low price for a while . I expect that the price will rise by the maximum for the next 5 or so trading sessions(assuming there are at least 100 shares available to trade) unless we have other similar deals like today's.


Opportunity calls but few respond.

Well,the NSE's rules are going to kill trading in Kenol shares for a while coz max rise is 10% IF there are shares to be sold at the 10% limit daily...

Or wait till they go ex-div.

Greedy when others are fearful,Very fearful when others are greedy - to paraphrase WB