http://af.reuters.com/ar...s/idAFL5E7LC0GL20111012

Agricultural firms are going to make huge exchange gains for sure.

Williamson Tea sold its headquarters for Ksh 500M and will be paying the procceds of the sale to shareholders as a special dividend. With only about 8.76M shares, if the whole amount is split, thats about Ksh 57 per share.......Add dividend for the year that should be at least in the +20 Kenya Shilling region (EPS should be +100 Kenya Shilling per share).............you realise once the rally starts, a share split will be a necessity.

I ain't pumping the share but Ksh 300 would still be cheap for Williamson Tea based on the above info.

Happy hunting.

Perfect Timing. Once Again.
Curious though as to why you didn't make a play for it on the
'Playing The Market 2011'
Once again. Noma!

"Proceeds from the transaction are expected to be paid out to shareholders in the form of a special dividend in the current financial year", said managing director of Williamson Tea, Alan Carmichael.

They wont pay the full amount as dividend thats for sure. Last financial year dividend was 12.50. so 20.00 bob dividend, with 8.00 as the special would sound about right.

Thanks @Aguytrying. You can tell I am not too happy with KPLC.

As for my reduced activity on Wazua, there has not been much happening on the NSE and hence I decided to concentrate my day trading activities in other markets.

I expect to repatriate a chunk of funds some time towards the elections next year.

I continue to hold onto my Agrics however along with some other positions which went underwater despite SOLID fundamentals.