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Equity Bank 2020
Rank: Member Joined: 11/21/2018 Posts: 564 Location: Britain
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Angelica _ann wrote:Ericsson wrote:https://www.businessdailyafrica.com/news/Equity-halts-Sh9-billion-dividend-on-Corona-fears/539546-5563718-qsnb18/index.html
Equity Group has cancelled its proposed dividend payout of Sh2.50 per share or a total of Sh9.4 billion, citing the need to conserve cash in the wake of the global Covid-19 pandemic.
“Accordingly, the board has passed a resolution withdrawing the proposed dividend recommendation and instead will be recommending to the shareholders that no dividend is paid for the financial year ended 31st December, 2019,” Equity said in a statement. “Therefore, the shareholders of the company and other investors are advised to exercise caution when dealing in the company’s ordinary shares on the Nairobi Securities Exchange, the Uganda Securities Exchange and the Rwanda Stock Exchange.” This is fraud  Totally unprecedented since it listed on NSE. Let us now wait and see the effect of this announcement on the share price going forward. By 2022, the share price shall be quite interesting. Cash is king.
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Rank: Veteran Joined: 8/10/2014 Posts: 992 Location: Kenya
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Ericsson wrote:https://www.businessdailyafrica.com/news/Equity-halts-Sh9-billion-dividend-on-Corona-fears/539546-5563718-qsnb18/index.html
Equity Group has cancelled its proposed dividend payout of Sh2.50 per share or a total of Sh9.4 billion, citing the need to conserve cash in the wake of the global Covid-19 pandemic.
“Accordingly, the board has passed a resolution withdrawing the proposed dividend recommendation and instead will be recommending to the shareholders that no dividend is paid for the financial year ended 31st December, 2019,” Equity said in a statement. “Therefore, the shareholders of the company and other investors are advised to exercise caution when dealing in the company’s ordinary shares on the Nairobi Securities Exchange, the Uganda Securities Exchange and the Rwanda Stock Exchange.” WOW! They could have at least given out a bonus issue
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Rank: Member Joined: 3/16/2019 Posts: 313
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watesh wrote:Ericsson wrote:https://www.businessdailyafrica.com/news/Equity-halts-Sh9-billion-dividend-on-Corona-fears/539546-5563718-qsnb18/index.html
Equity Group has cancelled its proposed dividend payout of Sh2.50 per share or a total of Sh9.4 billion, citing the need to conserve cash in the wake of the global Covid-19 pandemic.
“Accordingly, the board has passed a resolution withdrawing the proposed dividend recommendation and instead will be recommending to the shareholders that no dividend is paid for the financial year ended 31st December, 2019,” Equity said in a statement. “Therefore, the shareholders of the company and other investors are advised to exercise caution when dealing in the company’s ordinary shares on the Nairobi Securities Exchange, the Uganda Securities Exchange and the Rwanda Stock Exchange.” WOW! They could have at least given out a bonus issue Ditto
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Rank: Veteran Joined: 7/1/2014 Posts: 927 Location: sky
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Angelica _ann wrote:Ericsson wrote:https://www.businessdailyafrica.com/news/Equity-halts-Sh9-billion-dividend-on-Corona-fears/539546-5563718-qsnb18/index.html
Equity Group has cancelled its proposed dividend payout of Sh2.50 per share or a total of Sh9.4 billion, citing the need to conserve cash in the wake of the global Covid-19 pandemic.
“Accordingly, the board has passed a resolution withdrawing the proposed dividend recommendation and instead will be recommending to the shareholders that no dividend is paid for the financial year ended 31st December, 2019,” Equity said in a statement. “Therefore, the shareholders of the company and other investors are advised to exercise caution when dealing in the company’s ordinary shares on the Nairobi Securities Exchange, the Uganda Securities Exchange and the Rwanda Stock Exchange.” This is fraud possibly true, somebody want in at a low price, the heavy local demand for the last one month which pushed price to 42 shows somebody desperately purchasing below 40 There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
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Rank: Elder Joined: 9/23/2010 Posts: 2,225 Location: Sundowner,Amboseli
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Some good news will be announced before long to counter the bad news.....and just like that, 40 will print again. By the way, member always announces something good a day or two after dividend book closure. KCB has also perfected this game. @SufficientlyP
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Rank: Elder Joined: 9/23/2010 Posts: 2,225 Location: Sundowner,Amboseli
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littledove wrote:Angelica _ann wrote:Ericsson wrote:https://www.businessdailyafrica.com/news/Equity-halts-Sh9-billion-dividend-on-Corona-fears/539546-5563718-qsnb18/index.html
Equity Group has cancelled its proposed dividend payout of Sh2.50 per share or a total of Sh9.4 billion, citing the need to conserve cash in the wake of the global Covid-19 pandemic.
“Accordingly, the board has passed a resolution withdrawing the proposed dividend recommendation and instead will be recommending to the shareholders that no dividend is paid for the financial year ended 31st December, 2019,” Equity said in a statement. “Therefore, the shareholders of the company and other investors are advised to exercise caution when dealing in the company’s ordinary shares on the Nairobi Securities Exchange, the Uganda Securities Exchange and the Rwanda Stock Exchange.” This is fraud possibly true, somebody want in at a low price, the heavy local demand for the last one month which pushed price to 42 shows somebody desperately purchasing below 40 That was a fund buying. They will seize this golden opportunity to load up some more. @SufficientlyP
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Rank: Elder Joined: 6/23/2009 Posts: 14,213 Location: nairobi
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Sufficiently Philanga....thropic wrote:littledove wrote:Angelica _ann wrote:Ericsson wrote:https://www.businessdailyafrica.com/news/Equity-halts-Sh9-billion-dividend-on-Corona-fears/539546-5563718-qsnb18/index.html
Equity Group has cancelled its proposed dividend payout of Sh2.50 per share or a total of Sh9.4 billion, citing the need to conserve cash in the wake of the global Covid-19 pandemic.
“Accordingly, the board has passed a resolution withdrawing the proposed dividend recommendation and instead will be recommending to the shareholders that no dividend is paid for the financial year ended 31st December, 2019,” Equity said in a statement. “Therefore, the shareholders of the company and other investors are advised to exercise caution when dealing in the company’s ordinary shares on the Nairobi Securities Exchange, the Uganda Securities Exchange and the Rwanda Stock Exchange.” This is fraud possibly true, somebody want in at a low price, the heavy local demand for the last one month which pushed price to 42 shows somebody desperately purchasing below 40 That was a fund buying. They will seize this golden opportunity to load up some more. Nothing like a golden opportunity. Failure to pay a dividend isn't a positive sign
KQ ABP 4.26
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Rank: Veteran Joined: 7/3/2007 Posts: 1,635
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obiero wrote:Sufficiently Philanga....thropic wrote:littledove wrote:Angelica _ann wrote:Ericsson wrote:https://www.businessdailyafrica.com/news/Equity-halts-Sh9-billion-dividend-on-Corona-fears/539546-5563718-qsnb18/index.html
Equity Group has cancelled its proposed dividend payout of Sh2.50 per share or a total of Sh9.4 billion, citing the need to conserve cash in the wake of the global Covid-19 pandemic.
“Accordingly, the board has passed a resolution withdrawing the proposed dividend recommendation and instead will be recommending to the shareholders that no dividend is paid for the financial year ended 31st December, 2019,” Equity said in a statement. “Therefore, the shareholders of the company and other investors are advised to exercise caution when dealing in the company’s ordinary shares on the Nairobi Securities Exchange, the Uganda Securities Exchange and the Rwanda Stock Exchange.” This is fraud possibly true, somebody want in at a low price, the heavy local demand for the last one month which pushed price to 42 shows somebody desperately purchasing below 40 That was a fund buying. They will seize this golden opportunity to load up some more. Nothing like a golden opportunity. Failure to pay a dividend isn't a positive sign Et tu Obiero? Surely, how is preserving cash in order to survive hard, uncertain, times a negative sign? "The opposite of a correct statement is a false statement. But the opposite of a profound truth may well be another profound truth." (Niels Bohr)
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Rank: Elder Joined: 6/23/2009 Posts: 14,213 Location: nairobi
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Wakanyugi wrote:obiero wrote:Sufficiently Philanga....thropic wrote:littledove wrote:Angelica _ann wrote:Ericsson wrote:https://www.businessdailyafrica.com/news/Equity-halts-Sh9-billion-dividend-on-Corona-fears/539546-5563718-qsnb18/index.html
Equity Group has cancelled its proposed dividend payout of Sh2.50 per share or a total of Sh9.4 billion, citing the need to conserve cash in the wake of the global Covid-19 pandemic.
“Accordingly, the board has passed a resolution withdrawing the proposed dividend recommendation and instead will be recommending to the shareholders that no dividend is paid for the financial year ended 31st December, 2019,” Equity said in a statement. “Therefore, the shareholders of the company and other investors are advised to exercise caution when dealing in the company’s ordinary shares on the Nairobi Securities Exchange, the Uganda Securities Exchange and the Rwanda Stock Exchange.” This is fraud possibly true, somebody want in at a low price, the heavy local demand for the last one month which pushed price to 42 shows somebody desperately purchasing below 40 That was a fund buying. They will seize this golden opportunity to load up some more. Nothing like a golden opportunity. Failure to pay a dividend isn't a positive sign Et tu Obiero? Surely, how is preserving cash in order to survive hard, uncertain, times a negative sign? Shows lack of depth in reserves. How come its peers are paying?
KQ ABP 4.26
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Rank: Elder Joined: 12/7/2012 Posts: 11,935
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obiero wrote:Wakanyugi wrote:obiero wrote:Sufficiently Philanga....thropic wrote:littledove wrote:Angelica _ann wrote:Ericsson wrote:https://www.businessdailyafrica.com/news/Equity-halts-Sh9-billion-dividend-on-Corona-fears/539546-5563718-qsnb18/index.html
Equity Group has cancelled its proposed dividend payout of Sh2.50 per share or a total of Sh9.4 billion, citing the need to conserve cash in the wake of the global Covid-19 pandemic.
“Accordingly, the board has passed a resolution withdrawing the proposed dividend recommendation and instead will be recommending to the shareholders that no dividend is paid for the financial year ended 31st December, 2019,” Equity said in a statement. “Therefore, the shareholders of the company and other investors are advised to exercise caution when dealing in the company’s ordinary shares on the Nairobi Securities Exchange, the Uganda Securities Exchange and the Rwanda Stock Exchange.” This is fraud possibly true, somebody want in at a low price, the heavy local demand for the last one month which pushed price to 42 shows somebody desperately purchasing below 40 That was a fund buying. They will seize this golden opportunity to load up some more. Nothing like a golden opportunity. Failure to pay a dividend isn't a positive sign Et tu Obiero? Surely, how is preserving cash in order to survive hard, uncertain, times a negative sign? Shows lack of depth in reserves. How come its peers are paying? They should have paid reduced dividend amount, not nothing/nil - kwanza after initially declaring a good juicy amount of Kshs. 2.5 bob. In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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