Rank: Member Joined: 5/30/2016 Posts: 332 Location: Kayole
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No Surprises Realtreaty wrote:June the cold month of surprises by Centum. What is in store? Will it open a trend to offer bonus for those on books for two weeks time period. It would announce by 20th and close books by July 15 so that new shares will be trading after July 16. Or No surprises!!!! jgithige #69 Posted : Thursday, May 19, 2016 11:42:58 AM wrote:
Last year August 2015, i attended the AGM at two rivers. The management was bieng pushed by shareholders to consider a bonus issue in the same respect they had considered the employees with the 1Bn bonus. When the CEO Mworia rose to answer the questions he said that they are avoiding the bonus with the then prevailing prices where centum was trading then at Ksh.52 to him he felt as a gross undervaluation and a bonus issue would be disastrous to the stability of the share price, infact he went ahead advising shareholders to take advantage of the low price to increase their centum shares saying the price was a deal. I wonder what he would tell the shareholders today with the Ksh40 knocking on the door.
KEGN, KPLC, KQ, SCOM
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