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mumias split
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livie
#1 Posted : Wednesday, March 17, 2010 5:49:58 PM
Rank: Veteran

Joined: 11/1/2008
Posts: 834
can anyone bring me up to speed with the mumias share split that was to take place i think last year...?what became of it?
If you are going to be thinking only one thing, you might as well be thinking big. -Donald J . Trump
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sparkly
#2 Posted : Wednesday, March 17, 2010 6:14:42 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Lmao... Share split when the share was trading at 3/-?
Life is short. Live passionately.
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VituVingiSana
#3 Posted : Wednesday, March 17, 2010 9:09:42 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
@livie - bwana... you are a few years out of date...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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mwenza
#4 Posted : Thursday, March 18, 2010 7:57:59 AM
Rank: Elder

Joined: 4/22/2009
Posts: 2,863
@livie..............Do you have an idea what a share split is meant to achieve?
IF YOU EXPECT ME TO POST ANYTHING POSITIVE ABOUT ASENO, YOU MAY AS WELL SIT ON A PIN
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livie
#5 Posted : Thursday, March 18, 2010 8:07:11 AM
Rank: Veteran

Joined: 11/1/2008
Posts: 834

@mwenza @VituVingiSana
pardon my naivety on this one but my shares still stand at the same number before and after hence my inquisitive post...

at least least thats what my cds statement says...
If you are going to be thinking only one thing, you might as well be thinking big. -Donald J . Trump
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Horton
#6 Posted : Thursday, March 18, 2010 8:11:07 AM
Rank: Veteran

Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
there was a bonus, not a split...u should go to ur broker about that...
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mukiha
#7 Posted : Thursday, March 18, 2010 8:21:07 AM
Rank: Elder

Joined: 6/27/2008
Posts: 4,114
livie wrote:

@mwenza @VituVingiSana
pardon my naivety on this one but my shares still stand at the same number before and after hence my inquisitive post...

at least least thats what my cds statement says...


There was a 2-for-1 bonus in Nov 2007.

When did you buy your shares?
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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2012
#8 Posted : Thursday, March 18, 2010 8:57:38 AM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
livie wrote:

@mwenza @VituVingiSana
pardon my naivety on this one but my shares still stand at the same number before and after



That's because you bought your shares after the split. The stock later dipped from 15/- to 3/- and you probably thought it was another 5:1 split

BBI will solve it :)
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livie
#9 Posted : Thursday, March 18, 2010 9:00:20 AM
Rank: Veteran

Joined: 11/1/2008
Posts: 834
Thanx @Horto and @nmukiha for your responses.

I got the shares at the time they had an IPO last.

Please indulge me on the meaning of "bonus split"
If you are going to be thinking only one thing, you might as well be thinking big. -Donald J . Trump
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guru267
#10 Posted : Thursday, March 18, 2010 9:13:14 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
@livie a bonus issue is when new ordinary shares are issued to shareholders in proportion of what they aready hold but its done for free unlike a rights issue...

a bonus issue is usually given in place of/with profits...
Mark 12:29
Deuteronomy 4:16
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