mkonomtupu wrote:Sometimes taking advantage of kenyan's peculiar trading habits can get you some tidy returns. Kenyans especially the old folk love dividends.
Take Total Kenya, it has a consistent dividend kshs 2.50 per share books close in May. From around November you can pick this stock at 28/- wait patiently until March-May when it peaks at 34-35 when everyone scrambles for the dividend. Capital gains gives you Kshs.6-7 per share. Sometimes if you have a good broker you can end up with the dividend and capital gain. So on average in a good year a return of 17-23%
Well, do u see the fallacy?
Total announced only 1/- (not 2.50)...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett