Rank: Chief Joined: 5/31/2011 Posts: 5,121
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King G wrote:mwekez@ji wrote:King G wrote:
Using fundamentals, what is the best price to acquire more of this thing; my current average is Kshs. 9.30 and i want to add more
Before the bonus issue, SIB gave coop a fair value of KES 12.42. With the 20% dilution, the fair value now comes to KES 9.94. That should give us a trailing PER of 7.76 (9.94/1.28) But the bonus was credited last week thursday and are already being traded. The bonus announcement date, the books closure and date the bonus commence trading are all important dates to watch. Caution: it may take time for the market to fairly price a share and sometimes it may not do so due to market irrationality
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