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BBK losing 10% today
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mwanahisa
#21 Posted : Wednesday, March 16, 2011 1:21:05 PM
Rank: Elder

Joined: 6/2/2008
Posts: 1,438
Impunity wrote:
mwanahisa wrote:
KIRTI wrote:
mwanahisa wrote:
@lovely2010, BBK issued a sharesplit timetable dated 11th March which was posted to the NSE. The shares will trade cum-split all the way to 3oth May, going ex-split on 31st May. The split shares will be available for trading from 13th June 2011.

Hope this answers the SPLIT question once and for all.

Barclays Bank announced a Share Split in the ratio 4 for every 1 held on 22-Feb-2011. Books closure 30-Mar-2011. Shares Split available for trading on 13-Jun-2011.


KIRTI, Books closure for the split is 30-05-11. I quote from the BBK circular:

"Monday, 30th May 2011; Assuming CMA and shareholder approval, last day of pre-split trading."


As per NSE data bokk closure for split is 30-Mar-11.



My contention is that the info on the NSE daily price lists is wrong. It is not exactly the first time that they have been wrong.

I REST MY CASE.
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Impunity
#22 Posted : Wednesday, March 16, 2011 1:28:34 PM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
Thank you folks, I thought today was 15-Mar-11.
Brick wall Brick wall Brick wall

But I now see the drop beyond the legal 10%, now at 10.45%...is someone breaking the law pahali?
d'oh!
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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moneydust
#23 Posted : Wednesday, March 16, 2011 6:51:29 PM
Rank: Member

Joined: 1/31/2007
Posts: 304
mwanahisa wrote:
Impunity wrote:
mwanahisa wrote:
KIRTI wrote:
mwanahisa wrote:
@lovely2010, BBK issued a sharesplit timetable dated 11th March which was posted to the NSE. The shares will trade cum-split all the way to 3oth May, going ex-split on 31st May. The split shares will be available for trading from 13th June 2011.

Hope this answers the SPLIT question once and for all.

Barclays Bank announced a Share Split in the ratio 4 for every 1 held on 22-Feb-2011. Books closure 30-Mar-2011. Shares Split available for trading on 13-Jun-2011.


KIRTI, Books closure for the split is 30-05-11. I quote from the BBK circular:

"Monday, 30th May 2011; Assuming CMA and shareholder approval, last day of pre-split trading."


As per NSE data bokk closure for split is 30-Mar-11.



My contention is that the info on the NSE daily price lists is wrong. It is not exactly the first time that they have been wrong.

I REST MY CASE.



When is the AGM...the book closure date for the split can only be after the AGM once it has bn approved by shareholders
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  | | Edit by user: Wednesday, March 16, 2011 6:54 PM | Reason: Not specified
vestor
#24 Posted : Thursday, March 17, 2011 8:48:15 AM
Rank: Member

Joined: 11/9/2010
Posts: 132
@ moneydust, not true at all. Even dividends are usually approved at AGMs,but book closure can happen way before that.
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Tuition
#25 Posted : Friday, March 18, 2011 10:56:03 AM
Rank: New-farer

Joined: 3/17/2011
Posts: 3
[quote=mwanahisa

[/quote]

My contention is that the info on the NSE daily price lists is wrong. It is not exactly the first time that they have been wrong.

I REST MY CASE.


I have been following the discussion on this thread for a few days now but could'nt comment as I wasn't registered yet.

I tend to agree with "Mwanahisa' that, the information on the nse daily price list is wrong about the split date and this has the potential of frying the buyers into this stock between 16th March - 30th March when some investors think will be the closing day for the split.
If you refer to the nse daily Price list for the period of the split accouncement to 10th March they all state the books closure for the dividend and the share split was 15th March but the price list from 14th March changes to read that the share split date is 30March. I tend to think this is an editing error that will cost anyone dearly whoever will be investing in this stock b/n the said period.
I have some BBK shares and on 14March got an alert from 2372 CDSC alert stating that the books closure for the split is 15March.
Please go to the following link at the nse that has the BBK announcement on the split and read page 6 and you will clearly see that the split date was 15March. Anyone buying post that date is buying them ex split and the price soult be around 17/-bob. [color=blue]http://www.nse.co.ke/newsite/pdf/YEAR%202011/Announcements/BBK%20Results%20FY%202010.pdf
My word of advice:
> For those holding shares bought b4 15th March- SELL @ around 60/- and make a killing as you will still receive the additional split shares equivalent to 3times waht you've got.
>For those who bought after 15th March- SELL and avoid a financial ctastrophe-
>For those wishing to get into this share- WAIT UNTIL THE PRICE GOES SUB 20/- BOB

Additionally I dont think a Co' would would have 2 book closure dates for announcements relating to the same period. Register of BBK shares was closed on 16th March to book the div's and split and dont see them closing it again on 30th March.

My 2 pence
Take care
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  | | Edit by user: Friday, March 18, 2011 11:04 AM | Reason: Not specified
Impunity
#26 Posted : Friday, March 18, 2011 11:06:08 AM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
Tuition wrote:
mwanahisa



My contention is that the info on the NSE daily price lists is wrong. It is not exactly the first time that they have been wrong.

I REST MY CASE.


I have been following the discussion on this thread for a few days now but could'nt comment as I was'nt registered yet.

I tend to agree with "Mwanahisa' that, the information on the nse daily price list is wrong about the split date and this has the potential of frying the buyers into this stock between 16th March - 30th March when some investors think will be the closing day for the split.
If you refer to the nse daily Price list for the period of the split accouncement to 10th March they all state the books closure for the dividend and the share split was 15th March but the price list from 14th March changes to read taht the share split date is 30March. I tend to think this is an editing error that will cost anyone dearly whoever will be investing in this stock b/n the said period.
I have some BBK shares and on 14March got an alert from 2372 CDSC alert stating that the books closure for the split is 15March.
Please go the following link at the nse that has the BBK announcement on the split and read page 4 and you will clearly see that the split date was 15March. Anyone buying post that date is buying them ex split and the price soult be around 17/-bob. [color=blue wrote:
http://www.nse.co.ke/newsite/pdf/YEAR%202011/Announcements/BBK%20Results%20FY%202010.pdf
My word of advice:
> For those holding shares bought b4 15th March- SELL @ around 60/- and make a killing as you will still receive the additional split shares equivalent to 3times waht you've got.
>For those who bought after 15th March- SELL and avoid a financial ctastrophe-
>For those wishing to get into this share- WAIT UNTIL THE PRICE GOES SUB 20/- BOB

My 2 pence
Take care



@Tuition thanks alot.
Now for someone who entered the market at 67, is it advisable to sell at 60 post 15-Mar?
When the share starts trading after the split (around 13-June) will they enter the market at 17 or say as (60/4 = 15) as at today?
d'oh!
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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mwanahisa
#27 Posted : Friday, March 18, 2011 11:13:56 AM
Rank: Elder

Joined: 6/2/2008
Posts: 1,438
@Tuition. What you have stated above (quoted below) is not correct. If you sell your shares now, you will NOT get the split shares. Pure and simple. Share goes ex-split on 31.05.11. For those in doubt call the Barclays Company Secretary or their Registrars. I believe, these are Custody and Registrar Services at Bruce House.

Tuition wrote:

My word of advice:
> For those holding shares bought b4 15th March- SELL @ around 60/- and make a killing as you will still receive the additional split shares equivalent to 3times waht you've got.
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Tuition
#28 Posted : Friday, March 18, 2011 11:36:53 AM
Rank: New-farer

Joined: 3/17/2011
Posts: 3

The NSE daily price list from 14th-16th March states the books closure for the split is 30March but the daily lists for 10th March and before ( I dont have the price list for 11th March) states the books closure for the split as well as the dividend is 15th March.

Pls refer to the BBK annoncement on NSE website under Company announcements and note it clearly says the split date is 15 March.
The NSE daily price list from 14th-16th March states the books closure for the split is 30March but the daily lists for 10th March and before ( I dont have the price list for 11th March) states the books closure for the split as well as the dividend is 15th March.

Pls refer to the BBK annoncement on NSE website under Company announcements and note it clearly says the split date is 15 March.
The NSE daily price list from 14th-16th March states the books closure for the split is 30March but the daily lists for 10th March and before ( I dont have the price list for 11th March) states the books closure for the split as well as the dividend is 15th March.

Pls refer to the BBK annoncement on NSE website under Company announcements and note it clearly says the split date is 15 March.

Please go to the link below for the anouncemnet and correct me if I'm reading wrong. (The report is in Adobe and cannot find a way of copying it.

http://www.nse.co.ke/new...Results%20FY%202010.pdf



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Impunity
#29 Posted : Friday, March 18, 2011 11:40:11 AM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
mwanahisa wrote:
@Tuition. What you have stated above (quoted below) is not correct. If you sell your shares now, you will NOT get the split shares. Pure and simple. Share goes ex-split on 31.05.11. For those in doubt call the Barclays Company Secretary or their Registrars. I believe, these are Custody and Registrar Services at Bruce House.

Tuition wrote:

My word of advice:
> For those holding shares bought b4 15th March- SELL @ around 60/- and make a killing as you will still receive the additional split shares equivalent to 3times waht you've got.


@mwanahisa suppose I had 1000 BBK shares, after the split am entitled to 4000 BBK shares after the split.
Suppose I sell 1000 on 1-Jun-2011 will I still remain with my 3000 shares to sell on 13-Jun-11 when the split will be available for sale?d'oh!
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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lovely2010
#30 Posted : Friday, March 18, 2011 11:52:54 AM
Rank: Member

Joined: 10/25/2010
Posts: 519
Location: nairobi
I think its easier to go to nse site they list all announcements....
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