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KPLC interim dividend- 20 cents per share
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TUPAC
#1 Posted : Friday, February 24, 2012 7:33:40 PM
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Joined: 12/8/2009
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Location: Ltktk
http://af.reuters.com/ar...&virtualBrandChannel
...things fall apart...the centre cannot hold..mere anarchy is loosed upon the world...w b yeats
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guru267
#2 Posted : Friday, February 24, 2012 7:54:23 PM
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Joined: 1/21/2010
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Location: Nairobi
TUPAC wrote:
http://af.reuters.com/article/investingNews/idAFJOE81N0CD20120224?pageNumber=1&virtualBrandChannel


Its a disaster.. Its very risky for a company to shift from a high dividend payer to a low dividend payer.. Especially when they are offering a crappy 10% profit growth..

There are quite a number of investors who will dump these shares without thinking twice about it..
Mark 12:29
Deuteronomy 4:16
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mlennyma
#3 Posted : Friday, February 24, 2012 8:05:14 PM
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I consider interim dividend not a must but a kind gesture,kplc paid .45cts last year and is likely to pay more this fy with no bonus expected a special dividend will not surprise me..in short its too early to complain.
"Don't let the fear of losing be greater than the excitement of winning."
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My 2 cents
#4 Posted : Friday, February 24, 2012 8:15:00 PM
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Joined: 6/2/2010
Posts: 1,075
Crappy does not even begin to describe it. Paying a 1% dividend (I know it is interim so even if it doubles at year end will just be 2%)in a bear market is criminal. After slip and rights we expected a div of about 1/= per share.....
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guru267
#5 Posted : Friday, February 24, 2012 8:15:17 PM
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Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
mlennyma wrote:
I consider interim dividend not a must but a kind gesture,kplc paid .45cts last year and is likely to pay more this fy with no bonus expected a special dividend will not surprise me..in short its too early to complain.


What is 0.45shs DPS relative to 2.4EPS.. Now 0.20shs DPS relative to 1.20EPS.. What I am complaining about is the clear shift in dividend policy after the share restructuring¿¿ that will definitely be noticed and unwelcomed by investors since this is a sign of diversion from shareholder interests to GOK interests..

A 45cents is a 2.6% dividend yield at current prices.. This is well below historical average, industry average & market average..

Mark 12:29
Deuteronomy 4:16
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Aguytrying
#6 Posted : Friday, February 24, 2012 10:01:32 PM
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Joined: 7/11/2010
Posts: 5,040
Its like spitting in our faces. Last yr interim was 0.35. They have increased issued shares, bringing eps down drastically.
The investor's chief problem - and even his worst enemy - is likely to be himself
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jerry
#7 Posted : Friday, February 24, 2012 11:56:18 PM
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Joined: 9/29/2006
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Aguytrying wrote:
Its like spitting in our faces. Last yr interim was 0.35. They have increased issued shares, bringing eps down drastically.

no. Vomiting on our...
The opposite of courage is not cowardice, it's conformity.
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