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Corporate Actions and Company Announcements
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VituVingiSana
#1 Posted : Tuesday, June 04, 2013 11:59:33 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
The NSE system of making Corporate Actions and Company Announcements available is rather poor and disjointed.

The Uganda Stock Exchange (or the Listed Firms) send them out by e-mail to shareholders including the minutes, AGM notices, etc.

The Ghana Stock Exchange does the same in an organized & neat manner. They include minutes, resolutions, notices, dividend payment dates, etc.

The Lusaka Stock Exchange (& LuSE firms) also provides timely information in a well-presented format.

Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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deadpoet
#2 Posted : Tuesday, June 04, 2013 12:03:21 PM
Rank: Member

Joined: 9/27/2006
Posts: 506
A potential idea for a third-party firm to do the above on behalf of the NSE?
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mwekez@ji
#3 Posted : Tuesday, June 04, 2013 12:09:57 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
VituVingiSana wrote:
The NSE system of making Corporate Actions and Company Announcements available is rather poor and disjointed.

...



Cant agree more. ... for instance, BBK Q1 2013 results were released last week yet NSE is yet to avail them or otherwise tell us they rejected the BBK results because of ABC reasons
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youcan'tstopusnow
#4 Posted : Tuesday, June 04, 2013 12:22:30 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Not to absolve the NSE/CMA of any blame, but the companies are just poor. No notice of when results are to be announced, delayed dividends, 'forgotten' profit warnings, illegible financial reports etc. They should take personal responsibility for their shareholders. Ama ni lazima wasukumwe?Sad
GOD BLESS YOUR LIFE
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VituVingiSana
#5 Posted : Tuesday, June 04, 2013 12:32:02 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
youcan'tstopusnow wrote:
Not to absolve the NSE/CMA of any blame, but the companies are just poor. No notice of when results are to be announced, delayed dividends, 'forgotten' profit warnings, illegible financial reports etc. They should take personal responsibility for their shareholders. Ama ni lazima wasukumwe?Sad
The CMA should be in the forefront lakini wanalala. Look at what CBK did with the banks. There is a standardized reporting format which is easy to read.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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mwekez@ji
#6 Posted : Tuesday, June 04, 2013 1:04:00 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
VituVingiSana wrote:
youcan'tstopusnow wrote:
Not to absolve the NSE/CMA of any blame, but the companies are just poor. No notice of when results are to be announced, delayed dividends, 'forgotten' profit warnings, illegible financial reports etc. They should take personal responsibility for their shareholders. Ama ni lazima wasukumwe?Sad
The CMA should be in the forefront lakini wanalala. Look at what CBK did with the banks. There is a standardized reporting format which is easy to read.


... and CBK demands quarterly financial reporting. CMA should do same for all these listed firms #Call4CMA2Wakeup
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maka
#7 Posted : Tuesday, June 04, 2013 1:56:21 PM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
deadpoet wrote:
A potential idea for a third-party firm to do the above on behalf of the NSE?

Had brought it up in one of my posts...at akina Euronext etc u never get such nonesense...
possunt quia posse videntur
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Realtreaty
#8 Posted : Tuesday, June 04, 2013 5:27:27 PM
Rank: Elder

Joined: 8/16/2011
Posts: 2,388
Sad They tell you to reister to get detailed info and once you register they require you credit card to pay 6000 dollars per year or 1500 $ per month. Will Wanjiku with her 600 Safaricom shares be able to register????
Now they present you with announcements that you cannot download or open!
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Aguytrying
#9 Posted : Tuesday, June 04, 2013 8:10:52 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
kenol kobil is trying. they send material emails, others should follow suit.
The investor's chief problem - and even his worst enemy - is likely to be himself
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Aguytrying
#10 Posted : Tuesday, June 04, 2013 8:17:26 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
Williamson tea results not yet on nse website.
im checking on the media centre, guys claimed its was posted but haaa-kuuu na.
The investor's chief problem - and even his worst enemy - is likely to be himself
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