Rank: Member Joined: 1/4/2015 Posts: 153
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enyands wrote:ayushnehra wrote:enyands wrote:murchr wrote:Sufficiently Philanga....thropic wrote:MaichBlack wrote:@ ayushnehra - The price of Equity share has not gone up threefold since listing. There has been splits and bonus shares. If you do the math you will get a heart attack.
Can someone kindly do the math for @ ayushnehra factoring in splits and bonus shares. Listing done via introduction in August 2006 at KES.70 ( a friend of mine bought 10,000 shares the same day at KES.71 each ),against the dealers advice. The dealer wanted him to buy CFC bank,then at KES .64,because in his view,Equity would collapse 'soon' Anyway, Equity went on to give a bonus of 2:1 in February 2007 and a split of 10:1 in February 2009. My friend ended up with 30,000 shares before the 2009 split which he sold at KES .300 in June 2008 & took the proceeds to real estate. The 10,000 shares bought at KES.724,200 had shot up in value to KES.8,823529(net of commission) Back to your question,the 10,000 shares bought then would be(have been) 300,000 post bonus and split valued at KES.15,441,176.50 net of commission. Appreciation post listing,KES.14,716,976 or 2000% (20.32 times ) Thank you. We all know who "my friend" and "a friend of mine" in wazua implies.  @spt we want to grow up to be like you if he bought post IPO and he became that rich ,how about the founder shareholders who bought shares during the pre-ipo . They should be far well off. Sometimes I think people who make it the most are people who target the pre-ipo . Once u become a pre IPO shareholder in a promising company tthen u set .. ...problem is where to find those promising serious companies before they hit nse Regarding the companies which are smaller now and will be huge in yeers to come the best way I see is this.. CMA should come up with sort of an exchange for Small and budding enterprises...something like this is done in spain (kando ya the main exchange) http://www.bolsasymercad...B_Investors.aspx#se_top Now the questions is how do they come forward..I think a criteria should be set strictly (Like GEMS but not accepting every Kurwitu or HA) where applications are made by SME's and/or currently listed companies can nominate/vouch for them. OR Excuse the CMA ...WAZUA SECURITIES EXCHANGE..penny stocks.. Kazi iendele..! I think you are talking about derivative exchanges when you talk of sme joining nse which to some wazuans ain't a fun of Nope this is totally different from derivatives..check the link..!! Simply It is a 2nd securities exchanges but for the small companies..! Dreams are not the thing you see in your sleep..it's the thing that doesn't let you sleep. - A.P.J. Abdul Kalam
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