MaichBlack wrote:@ ayushnehra - The price of Equity share has not gone up threefold since listing. There has been splits and bonus shares. If you do the math you will get a heart attack.
Can someone kindly do the math for @ ayushnehra factoring in splits and bonus shares.
Listing done via introduction in August 2006 at KES.70 (a friend of mine bought 10,000 shares the same day at KES.71 each ),against the dealers advice. The dealer wanted him to buy CFC bank,then at KES .64,because in his view,Equity would collapse 'soon'
Anyway, Equity went on to give a bonus of 2:1 in February 2007 and a split of 10:1 in February 2009.
My friend ended up with 30,000 shares before the 2009 split which he sold at KES .300 in June 2008 & took the proceeds to real estate.
The 10,000 shares bought at KES.724,200 had shot up in value to KES.8,823529(net of commission)
Back to your question,the 10,000 shares bought then would be(have been) 300,000 post bonus and split valued at KES.15,441,176.50 net of commission.
Appreciation post listing,KES.14,716,976 or 2000% (20.32 times )
Thank you.
@SufficientlyP