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City Trust - Rocking & Rolling
VituVingiSana
#1 Posted : Wednesday, September 05, 2012 1:09:56 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,129
Location: Nairobi
City Trust just announced an Interim Dividend of KShs 6 for year ending 31 July 2013. I do not recall an Interim Dividend being announced in prior years. This can only be good news when a firm issues an unexpected Interim Dividend.

http://www.nse.co.ke/lis...pany-announcements.html

Combine that with the Cautionary Statement issued in Sep 2011 referencing a takeover of a regional bank. Something is cooking & smells good to me! The question is: What is cooking?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
King G
#2 Posted : Wednesday, September 05, 2012 1:26:20 PM
Rank: Elder


Joined: 6/20/2012
Posts: 3,855
Location: Othumo
Good stock/ hard to get!
Thieves
VituVingiSana
#3 Posted : Wednesday, September 05, 2012 1:33:38 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,129
Location: Nairobi
King G wrote:
Good stock/ hard to get!
10,300 on offer at KShs 500 but confirm with your broker.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
youcan'tstopusnow
#4 Posted : Monday, March 25, 2013 4:43:25 PM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
City Trust Half Year Results as at January 31, 2013:
http://bit.ly/YrYHfQ
GOD BLESS YOUR LIFE
FUNKY
#5 Posted : Monday, March 25, 2013 4:53:18 PM
Rank: Veteran


Joined: 4/30/2010
Posts: 1,635
They have reported a net loss!!
mwekez@ji
#6 Posted : Monday, March 25, 2013 5:07:56 PM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
FUNKY wrote:
They have reported a net loss!!


Yeah. Its been like that in the past 5 years. .... Watch full year profit where dividend income is incorporated.
VituVingiSana
#7 Posted : Tuesday, March 26, 2013 2:00:01 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,129
Location: Nairobi
mwekez@ji wrote:
FUNKY wrote:
They have reported a net loss!!

Yeah. Its been like that in the past 5 years. .... Watch full year profit where dividend income is incorporated.
There will not be a full year since the merger (Reverse Takeover) will likely be completed before 31st July which is the year end.
It will be I&M at that point so watch I&M's FY 2012, 1Q 2013 & 1H 2013 results.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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