dude/dudette where have you been???. there has been a whole lot of news flow around this counter you would have to live on the moon not to have heard ANYTHING!!!!

i can pick three reasons from the top of my head.
1. MKESHO
2. The 4Billion SME loan from china
3. 40% increase in Q1 profits

@my 2 cents
Well, i think resisitance has somenthing to do with it. The market is hovering around 22-24 because nobody wants to bid higher or is prepared to. I think if someone makes the first move then the share price may move to new higher territory. About the dividends, maybe something to do with overheating due to phenominal growth? They need to keep some money with them, my guess.

@Mchuuzi, pesa nane, guru: Me thinks its a great share to hold for mid term speculation. Me topping up and holding for atleast 12 months. Its a resilient share atleast historically.

@ guru - Not to worry. These shares will slowly but surely move from the hands of speculators/retail investors to serious investors who will not flood the market every time the price rises by 20cts. But it might be a long time before that happens. Then we'll see some stability. But this might even be delayed further by short term investors who buy at 5.15/= and sell at 5.55/= and repeat the cycle over and over - never mind they are working for the broker (brokers make more than them - 4.2% - for the complete cycle at zero risk!)

Those who want a quick ride i think the up trend in rea vipingo has been confirmd after that sell off, that was triggerd by the profit warnin. I see this share testin the resistance level of 19. 00. You enter just 4 the ride. Otherwise as a long time investor this counter is a no no no no. So buy rea.