Assuming FY EPS comes in at 1.25 (31.6% eps growth) and 80% div payout is maintained div pay will be KES 1.00.
Maintaining the same PER of 20 means price will be above KES 25.
Div yield will be 6.72% (0.68+1.00) 1.68/25.
If this forecast is right the price still has a lot of headroom based on div yield.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!