At 11.50 the div yield will be 4%
At 9.40 the div yield will be 5%
The above is pegged on cum dividend of 47cts.
The query now is will mpesa bank maintain div pay above 47cts this yr and going forward? If not, the strong base at 7.50 will not sustain selling pressure if profit dips.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!