VyaBureSiachi wrote:Ericsson wrote:cyruskulei wrote:Ericsson wrote:sparkly wrote:FUNKY wrote:Special dividend of 8/- a share
When the likes of Equity and NCBA are being mean.
Accept and move on,Equity and NCBA have bigger problems
Cic insurance also doing a land sale with and may do a similar move.
Today it has gained more than 35%. Looks like it will touch 50bob. Which will give a dividend yield of 16%
Down to ksh.20
Dividend trap jitters. But it will rise towards the book closure date.
Lemme see if I can predict the residual valuation after book closure. The discontinued operations had an operating profit Ksh536 million while what remains had Ksh130 million. This shows Kantar had bigger margins from relatively almost equal revenues. From the Ksh5bn they are distributing Ksh3.5 billion so the Ksh1.5 billion remaining may bring in Ksh150 million in interest income.
So ceteris paribus the full net income may be Ksh450 million which is almost half of the consolidated income of 835 million before disposal of Kantar.... I may be wrong but I think the remaining business valuation will be affected by the bottom line so 7 - 11 is my predicted residual price