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Gordon Gekko
#11 Posted : Monday, January 17, 2011 4:22:01 PM
Rank: Elder

Joined: 5/27/2008
Posts: 3,760
Why sell them? The proceeds will be negligible. Keep them and get free annual reports. As for dividends, join my bank (I&M) that doesn't charge for incoming dividend EFTs.
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maskana
#12 Posted : Tuesday, January 18, 2011 12:29:23 AM
Rank: New-farer

Joined: 1/8/2011
Posts: 48
Location: muranga
Gordon Gekko wrote:
Why sell them? The proceeds will be negligible. Keep them and get free annual reports. As for dividends, join my bank (I&M) that doesn't charge for incoming dividend EFTs.




Well put Gordon....will be checking I&M Bank... see what are their requirements to open a/c...for now am with stan bank
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Sober
#13 Posted : Tuesday, January 18, 2011 9:05:48 AM
Rank: Elder

Joined: 11/27/2007
Posts: 3,604
Gordon Gekko wrote:
Why sell them? The proceeds will be negligible. Keep them and get free annual reports. As for dividends, join my bank (I&M) that doesn't charge for incoming dividend EFTs.



the fact that you have negligible number of them makes it very disturbing. i once had a 99 lot of KPLC shares, thank God there was a share split and now they are trade-able although i am still operating in the odd lots region.
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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Apple Bees
#14 Posted : Tuesday, January 18, 2011 9:41:17 AM
Rank: Member

Joined: 7/5/2008
Posts: 390
av got 75 NBK. Need to sell or buy 25.

If I don't sell/buy more, I wonder how much dividend I will getsmile smile
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erifloss
#15 Posted : Tuesday, January 18, 2011 10:34:26 AM
Rank: Member

Joined: 6/21/2010
Posts: 514
Location: Nairobi
Buying odd lots to fill up is normally the best and easiest way out. Actually buying is even faster then sell later on.
'They say money cannot buy me happiness but when i compare when i had none and now, i'm happier' Kevin O'leary
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manziwamtaa
#16 Posted : Tuesday, January 18, 2011 10:46:33 AM
Rank: Member

Joined: 11/14/2006
Posts: 28
With 75 shares, the cheque you get is not worth the paper its written on, its better to just sell or buy more shares if u believe in the company
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2012
#17 Posted : Tuesday, January 18, 2011 11:46:07 AM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
I decided a long time ago to transfer any and all the odd lot I acquire to my son's account. I'm sure they'll be worth a lot in the future after splits. To be honest they've never bothered me. Let him never say daddy left me nothing.

BBI will solve it :)
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Tommy
#18 Posted : Tuesday, January 18, 2011 12:00:55 PM
Rank: Veteran

Joined: 12/9/2010
Posts: 894
Location: Nairobi
2012 wrote:
I decided a long time ago to transfer any and all the odd lot I acquire to my son's account. I'm sure they'll be worth a lot in the future after splits. To be honest they've never bothered me. Let him never say daddy left me nothing.

@2012, Speaking of transfers, how do you do a transfer, and how long does it take. I once wanted to transfer my shares to a relatives account, it was problematic mpaka i gave up.
Don't wait for the Last Judgment. It happens every day. ~Albert Camus, The Fall, 1956
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Gordon Gekko
#19 Posted : Tuesday, January 18, 2011 12:31:02 PM
Rank: Elder

Joined: 5/27/2008
Posts: 3,760
Tommy wrote:

@2012, Speaking of transfers, how do you do a transfer, and how long does it take. I once wanted to transfer my shares to a relatives account, it was problematic mpaka i gave up.

Its easier to extract water from a stone. I've been trying since the 2nd KCB Rights Issue to transfer some shares from a relatives account to myself. Cant be done, need affidavit co confirm someone is dead and you are the administrator/heir/whatnot,get a broker to carry out the trade (they are odd lots) I have resigned myself to collecting dividends from the relative.
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amolo
#20 Posted : Tuesday, January 18, 2011 12:48:43 PM
Rank: Member

Joined: 1/29/2007
Posts: 70
In the month of December 2010 I bought a cumulative total of 1000 odd lots DTB shares at an average price of 122/- which was way below the average price of 133/= for the 3 month period to date. At todays price of 147/= I have no tears to shed, even allowing for the commmision.
I am in the business of buying odd lots at discounted prices, and believe me they accumulate with time.
If I exit the 1000 DTB bought as odd lots today I wlll make some 24,000/= in a month (in DTB counter alone) enough to buy my fuel for the whole month!
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