Pesa Nane wrote:Ericsson wrote:VituVingiSana wrote:Hah!
Wajanja.
1) SAHL bought out some of the minority shareholders in/around July 2018 and thus didn't even give them the FY 2017 dividend. The benefits of the funds used to generate profits in FY 2017 were not passed along!
2) Then SAHL also screwed them over for 1H 2018's dividend. Same story.
Now I wait for Unga!
Share price today trading at 98
I am glad I held onto mine. A 5/- dividend + 98 versus those who sold out.
They knew the inside story. They had the numbers. They knew what NPLs were going to be resolved/reversed.
Similar situation with Seaboard and Victus given they know the sales and profits for 2H 2018 while the Buyout attempt was ongoing.
The Valuation Report done in 2013 was done by Lloyd Masika (Ndegwa firm) and they would know what the value of the properties are in 2018.
I will hold onto Stanbic for now.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett