Turnover down 7%, cratered profits by 40% and maintains same DPS!
2015 more turnover will be crimped and if the dip is above 10% then it won't be about profit dip, but loss instead. I still don't think issuing a dividend was a good idea. They might need that money if the 2015 forecast happens or even worse. H1 results will offer a glimpse of how 2015 is cooking.
DPS will stem the expected price slide, but H1 results will have more influence on the market.
2015 many a biz will struggle to outperform mr market's expectations. At some point bulls will throw in the towel. Should $KES become too volatile, CBR hike may strike back effectively smashing the market bulls as mr market turns defensive.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!