Aguytrying wrote:Equity's is even more surprising. After book closure you'd expect it to go down, but no. even more demand ex dividend. Safcom behaved similarly last year.
My surprise is on NBK!
Equity reported 40% increase in profits and the share price started falling. NBK report a decline in profitability and the share price goes up.
Is it that people expected Equity's profit to rise by a bigger margin and NBK's profit to decline by a bigger margin or is it the Kenyan retail investors and speculators being in their usual
Absolutely Bure Kabisa mode?
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.