thank goodness the market isnt made up of the two of you only..lol. otherwise this stock would have been trading at 2.00 !!!!!!!!!!!!!!!!!!!

In the case where companies profits are heavily impacted by swings in the NSE like jubilee, centum, britak and the rest they should put in measures to smoothen out the profits in following years and prevent earnings volatility... After further reading I have found these measures are practiced by many insurance firms & investment companies..

Some measures include valuing quoted equities at historical cost and inflating expenses(for a bull market)

So far the only company I have observed doing this in kenya is jubileee(inflating expenses).. The management seem to have a great dislike for non cashflow income since it is not recurring so they basically write alot of it off the income statement by inflating expenses unlike centum and the rest who have clearly not adopted any of these measures.
This is reflected in 2009 during the GFC and a 50% loss on the NSE.. That year jubilee posted a 24% rise in profits whereas centum and the rest were in chaotic losses..


So If the NSE continues where its going centum may do badly in 2011 as compared to 2010 whereas jubilee will be pretty much unscathed.

Moral: think about a companies management when making investment decisions

Not any more but they currently still rely very heavily on the NSE since their recent new investments have not began to pay off in 2011

Now here we disagree.. Im bearish short term and bullish long term..
When these guys get in fully into the multi year property boom that kenya is in then they will reap very big.. Hopefully the boom does not burst before this..

In 2011 they have to pull off a miracle straight from heaven to beat 2010 earnings..

Just hold them until another split comes.. So far I have plenty of odd lot shares resulting from rights issues and share splits long after selling all my shares..

Plus those 40shares will entitle you entry to the AGM and access to other shareholder material

The amount of misinformation doing the rounds in Wazua is shocking, to say the least!!!

The Carbacid sale was not factored into the results. Carbacid was sold after year end!

Do some basic research first, people, to avoid egg on face.

I don't know about other brokers, but the CFC Activelite platform provides one with an avenue to sell odd lots.
If your current broker does not offer such services, you can consider transferring your shares to them. You don't need a bank account with them

@youcant they sold half their carbacid holdings in 2010 and the other half in april 2011 just after the reporting date of march 31st.. The CEO by doing this tried to balance the proceeds from this disposal within the two years because they would seriously distort profits if calculated into one year ...

lovely = shrewd

That's a 20% bargain. On Friday there was many trades at 21.50