my broker warned me this might also happen to KPLC but it doesnt make any sense.. the dividend was 3bob which is a less than MEDIOCRE 1.6% yield... but these things are bound to happen thats why its always advised to investors to buy a stock ex div if you have a year or more ambitions for it.... if it was because of the dividend then i dont expect any further fall in NIC's share price... but we'll have to wait for monday... watch this space!!!

When you factor in the bonus the drop is not significant. At 34.5 am going back to NIC

2012, u never got the sms from +2372 NIC announced a bonus of 1 share for every 10 held, posting and crediting is 12 May 2010 plus the dividends

Guru, this stock was at 31/- in January then went to 38 before the announcement of the results before sliding back to 34-35/-(Feb laxity). It went up and peaked at 39/-this week. The demand was mainly due to the bonus share, the demand has gone now that the books closed on 25th March 2010. I expect the same pattern for NBK

@mkonomtupu i'm in total agreement with you.. it was just a case of misunderstanding on my part... when you and @cnn said the market was factoring in the bonus shares i thought you meant the stock was being sold as a result of bonus shares being issued to shareholders which didnt make any sense... but now that i know what you meant... it does make sense that the stock would sell off and i also expect NBK to follow suit when their books close...