Saturday, September 08, 2007
Week 36 @ the NSE
NSE went up 200pts in the week driven apparently by peeps who got their refunds and decided to splash out on the rest of the counters including KRe-that was clever move to announce the results just after listing. Some of the counters are now showing signs of the exuberance that was there about this time last yr. Exuberance can be another word for manipulation or good tidings being expected. The following have puzzled and made sense:
NIC-had already gone up by almost 70% from the price on July 25th confirmed plans to do rights followed by a bonus. What I don't understand is why if they are going to be selling the rights shares@Ksh70, peeps are running around trying to get some at Ksh180. Why not just wait post-bonus. Not complaining though...
DTK-in contrast, guys haven't really chased its shares despite it being a better prospect in my humble opinion
EABL-This tends to be a fairly dull share, capital gain-wise but this week has moved up after announcing a bonus issue and a tasty dividend. With the amount shares it trades, watch it go back to its customary 2 pts up 2 pts down post this little excitement
AK-one can appreciate the excitement about its recently acquisitions (Today Online and Open View), one should however also prepare to exit as soon as Telkom announces its strategic partner and or the cabling projects start giving firm dates of arrival on our shores.
KPLC-no comment, except look at preference shares (debt), transmission losses, GoK vote-buying tactics et al. If GoK wants the share to be more tradeable for wananchi, let it offload its equity so two birds in one go because it will remove the political risk attached to KPLC's share performance.
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2 comments:
I must say the BOD of many companies listed at the NSE have awaken to the realization that they need to be abit creative with their offers to investor. This has seen companies that had traditionally stuck with dividends or lack of it now doing splits, then giving bonuses, issuing rights and even heavy dividends or all. Ofcourse if they know beforehand that they will give a good dividend and bonus what makes them not use that insider information to make money. After all no one can ever say they are satisfied. NSE is replete with insider trading for a fact and Jimna Mbaru should stop lying to us with his public relation press statements !!!!
With him being a broker, Chairman of NSE and sitting in most boards he is privy to confidential information and ofcourse he would not hesitate to given his dealers at Dyer! prove me wrong...
Jimnah is a rich man and not many like others getting to the same stage.
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