When you look at some counters including EABL, Carbacid & BAT ... the dividends they get today equal the price of the shares as little as 11 years ago i.e. 2002 before Kibaki became president. I noticed he likes agricultural firms & compare Williamson which traded at 50 about 3-4 years ago. These days, with biological gains, the EPS is routinely over 50.

There are many like him who have been investing for years & are now billionaires. There was a time when dividend yields were 20% [when interest rates were 50%] but over time the interest rates dropped while the dividends increased!

That's what PWN said. He buys in his own name to minimize taxes & since there is nothing to fear i.e. it is his money. I think this BC Patel may be the same guy who was a huge shareholder (but not on the board) in Pan African Insurance but sold out to Sanlam after nyammo & friends screwed it over when they stole from Kenya Finance Bank. I think after that he moved to firms with solid management only like Warren Buffett does. That is a lesson I learnt the hard way too.