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Aljazeera to buy off Aga Khan's stake in NMG
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Surealligator
#1 Posted : Friday, April 01, 2011 10:02:02 AM
Rank: User

Joined: 6/27/2008
Posts: 709
Location: Velayat-e Faryab
Al jazeera international media inc is poised to take 51% of Kenya's most popular media outlet (Nation Media Group) and a move seen as a prelude to the international media house's entry into the East African religion and Sub Sahara in particular.

In a move to spice up the offer, NMG gave a handsome dividend to shareholders this year with a special dividend of 2.50 summing up the total for the year to 8 shillings, hailed by local media as a windfall for shareholders.

http://english.aljazeera...200852518407182810.html

@Muganda

How did you get results of NMG before they were released? You had them by March 30, 2011.
Go overdrive in purchasing the goods when there's blood on the streets, expecially if the blood is your own
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2012
#2 Posted : Friday, April 01, 2011 10:28:14 AM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
@wazua,
And why haven't you deleted this thread?

BBI will solve it :)
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mwanahisa
#3 Posted : Friday, April 01, 2011 10:31:47 AM
Rank: Elder

Joined: 6/2/2008
Posts: 1,438
Good effort for April fools, but we are not taken in.

NMG released results on March 30 after the market closed. I also had the results by about 4.00 p.m. that same day.

BTW, SW, you still haven't told us what was it about the NMG results that almost made you go blind!

Surealligator wrote:
Al jazeera international media inc is poised to take 51% of Kenya's most popular media outlet (Nation Media Group) and a move seen as a prelude to the international media house's entry into the East African religion and Sub Sahara in particular.

In a move to spice up the offer, NMG gave a handsome dividend to shareholders this year with a special dividend of 2.50 summing up the total for the year to 8 shillings, hailed by local media as a windfall for shareholders.

http://english.aljazeera...200852518407182810.html

@Muganda

How did you get results of NMG before they were released? You had them by March 30, 2011.
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Surealligator
#4 Posted : Friday, April 01, 2011 12:34:42 PM
Rank: User

Joined: 6/27/2008
Posts: 709
Location: Velayat-e Faryab
2012 wrote:
@wazua,
And why haven't you deleted this thread?


@2012

It was intended to be an April Fools day lie. So, keep your cool.

@Mwanahisa


Next time make sure you post the results here so that we are updated before Reuters publish the same three thousand miles away.

The good dividends made me go gaga. Am now hunting for Scangroup insider dissier. The one am sure of not getting is of Crown Berger.

@VVS

KK is now trading at 9.70. I will keep their shares until they tell me what happens to the 5.2 billion court case. (4.6 billion according to some media outlets.
Go overdrive in purchasing the goods when there's blood on the streets, expecially if the blood is your own
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mwanahisa
#5 Posted : Friday, April 01, 2011 12:55:25 PM
Rank: Elder

Joined: 6/2/2008
Posts: 1,438
Surealligator wrote:
KK is now trading at 9.70. I will keep their shares until they tell me what happens to the 5.2 billion court case. (4.6 billion according to some media outlets.


Bravo! Buying KK should be (have been) a no brainer, with or without the KPC settlement. Will keep adding onto my stake as I dispose of other stocks. Looks good for the foreseeable future.
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Sure
#6 Posted : Friday, April 01, 2011 2:01:11 PM
Rank: Member

Joined: 9/9/2010
Posts: 546
Location: Garissa
2012 wrote:
@wazua,
And why haven't you deleted this thread?

2012, why do you want the thread deleted?
Wisdom to detect when share prices hit rock bottom.
When interest on bonds keep going up, you know the bear run is on high street. When interest on bonds start leveling, the bear has met the bull and they have hit rock bottom. When the interest rates on bonds start coming down, the bull has overpowered the bear and you better be riding the bull.
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