Paul Wanderi Ndungu & the crooked ephraim maina [kirinyaga constrution]

Is that a good thing? for the share to be owned by the wealthy? didn't get the connection... slow I am...

thanks @ mgeman for the figure. I had boarded this bus last year unaware of the large no. Of the preferential shares and their effect o b/s and dividends. But when i heard about the proposed restructuring and nssf opposing the same due to the large no of the preferential shares, i bolted out @ 42.50 and no regrets as Atwoli was predicting a price of 16-25 after restructuring and that is why they were against it. I couldn't take the risk and took a bus with a lower level of risk: kplc. Consider this: kplc a monopoly before restructuring had almost such numbers in terms of preferential share and the share price was_250/8=30 pre_restructuring which fell to 25 after, sembuse nbk amidst competition and the large book of non_ performing loans which are equivalent of the ordinary share capital. If this restructuring happens, you will understand the real meaning of dilution as a result of conversion of massive debt to equity. Brother there are better, less riskier buses to board like kplc from tommorrow.

Nothing is stopping this bus from hitting 80! I stand to be corrected though...

NBK was supposed to be my high light career investment decision after restructuring/strategic partnership but old uncle Mwiraria took us in circles n broke too many promises.had to jump ship. Two FMs later, same script different cast. Although, i accept NBK had to be n has been fattend to now abt to declare a Div.

i doubt it, with the 2012 political noise. btw the elections will be held in august 2012 so i think that the political temp will rise by sept this yr.

When will GoK convert the Pref Shares to Ordinary Shares? Therein lies the catch!

Down 7% !!! Sitting at 42! Did they say anything?

Did this stock hit 80?