2012 wrote:I would have been happier with the bonus if it was not in the NSE. A bonus or rights in the NSE is like a bitter reward always followed by an automatic downward readjustment of the share price to match the dilution.
@2012. I do not hold a lot of KPLC - sold off the bulk before the rights issue and then sold off most of the shares that I bought during the rights issue. But I am pissed off that even the shares that I still hold will not be paying me much in the way of a dividend.
I do not consider KPLC to be a growth stock in the classic sense (ala KenolKobil, Centum etc). Hence I expect a dividend not a bonus from them unless the bonus does not negate/reduce my cash dividend.