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BBK losing 10% today
Rank: Elder Joined: 3/2/2009 Posts: 26,330 Location: Masada
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What is happening with this stock?Why such a drastic drop?  Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Member Joined: 10/25/2010 Posts: 519 Location: nairobi
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Hello! Book closure for dividends.
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Rank: Elder Joined: 3/2/2009 Posts: 26,330 Location: Masada
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lovely2010 wrote:Hello! Book closure for dividends. Then shere price shoud rise! Ama people dont like the KES.4.71 dividend and want to dispose of this stock? This means the supplier is more than demand.WHY? Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Member Joined: 6/11/2008 Posts: 257
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Impunity wrote:lovely2010 wrote:Hello! Book closure for dividends. Then shere price shoud rise! Ama people dont like the KES.4.71 dividend and want to dispose of this stock? This means the supplier is more than demand.WHY? Are they doing split 4:1 I want to be a millionaire.
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Rank: Veteran Joined: 5/24/2010 Posts: 846 Location: KENYA
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Rank: New-farer Joined: 1/13/2010 Posts: 85 Location: Nairobi
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Books closure i.e. guyz who got in 4 divs are leavin. Expect a continued drop for the short run, hope to pick up some b4 the split (hopefully at around 54) for extremely shortterm purposes.
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Rank: Elder Joined: 6/2/2008 Posts: 1,438
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Impunity wrote:lovely2010 wrote:Hello! Book closure for dividends. Then shere price shoud rise! Ama people dont like the KES.4.71 dividend and want to dispose of this stock? This means the supplier is more than demand.WHY? Share is trading ex-div today hence the drop in price. Share will split at the end of May, so nothing to excite the market for now. I actually like BBK at this price 57-60. It means it has dropped by more than the dividend and I expect a reasonable growth in Q1 PAT, although not necessarily from growth in the loan book. It's a BUY in my books for the non-aggresive investors. Worst case is that if the mkt tanks, Barclays is unlikely to drop too much.
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Rank: Elder Joined: 3/2/2009 Posts: 26,330 Location: Masada
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hello wrote:[
Are they doing split 4:1 I know;can u explain why with a dividend of 4.71 and a split of 4:1 the share price should fall that hard? I expected kidu (67-4) = 63 and not 60. Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Veteran Joined: 6/17/2009 Posts: 1,621
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Rank: Elder Joined: 3/2/2009 Posts: 26,330 Location: Masada
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Govmusili wrote:Books closure i.e. guyz who got in 4 divs are leavin. Expect a continued drop for the short run, hope to pick up some b4 the split (hopefully at around 54) for extremely shortterm purposes. I thought those who own shares by the midnight of 15-Mar-2011 are qualified for didvidends  . When do one qualify for the share split? Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Elder Joined: 6/2/2008 Posts: 1,438
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Impunity wrote:Govmusili wrote:Books closure i.e. guyz who got in 4 divs are leavin. Expect a continued drop for the short run, hope to pick up some b4 the split (hopefully at around 54) for extremely shortterm purposes. I thought those who own shares by the midnight of 15-Mar-2011 are qualified for didvidends . When do one qualify for the share split? Yes, any shares bought yesterday QUALIFY for dividends. Shares bought today through to May will qualify for the split.
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Rank: Elder Joined: 6/2/2008 Posts: 1,438
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Impunity wrote:hello wrote:[
Are they doing split 4:1 I know;can u explain why with a dividend of 4.71 and a split of 4:1 the share price should fall that hard? I expected kidu (67-4) = 63 and not 60. See post no. 6 above by Govmusili.
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Rank: Member Joined: 10/25/2010 Posts: 519 Location: nairobi
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Impunity wrote:Govmusili wrote:Books closure i.e. guyz who got in 4 divs are leavin. Expect a continued drop for the short run, hope to pick up some b4 the split (hopefully at around 54) for extremely shortterm purposes. I thought those who own shares by the midnight of 15-Mar-2011 are qualified for didvidends . When do one qualify for the share split? By midnight 15th march you only qualify for dividend. For share split I think its end of march thats when books will be closed for split. check www.nse.co.ke for company announcements. Open daily price list and download at the bottom of the page they have info for all company announcements
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Rank: Elder Joined: 6/2/2008 Posts: 1,438
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@lovely2010, BBK issued a sharesplit timetable dated 11th March which was posted to the NSE. The shares will trade cum-split all the way to 3oth May, going ex-split on 31st May. The split shares will be available for trading from 13th June 2011.
Hope this answers the SPLIT question once and for all.
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Rank: Member Joined: 8/17/2010 Posts: 116
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mwanahisa wrote:@lovely2010, BBK issued a sharesplit timetable dated 11th March which was posted to the NSE. The shares will trade cum-split all the way to 3oth May, going ex-split on 31st May. The split shares will be available for trading from 13th June 2011.
Hope this answers the SPLIT question once and for all. Barclays Bank announced a Share Split in the ratio 4 for every 1 held on 22-Feb-2011. Books closure 30-Mar-2011. Shares Split available for trading on 13-Jun-2011.
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Rank: Elder Joined: 6/2/2008 Posts: 1,438
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KIRTI wrote:mwanahisa wrote:@lovely2010, BBK issued a sharesplit timetable dated 11th March which was posted to the NSE. The shares will trade cum-split all the way to 3oth May, going ex-split on 31st May. The split shares will be available for trading from 13th June 2011.
Hope this answers the SPLIT question once and for all. Barclays Bank announced a Share Split in the ratio 4 for every 1 held on 22-Feb-2011. Books closure 30-Mar-2011. Shares Split available for trading on 13-Jun-2011. KIRTI, Books closure for the split is 30-05-11. I quote from the BBK circular: "Monday, 30th May 2011; Assuming CMA and shareholder approval, last day of pre-split trading."
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Rank: Veteran Joined: 5/24/2010 Posts: 846 Location: KENYA
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Impunity wrote:lovely2010 wrote:Hello! Book closure for dividends. Then shere price shoud rise! Ama people dont like the KES.4.71 dividend and want to dispose of this stock? This means the supplier is more than demand.WHY? No it shouldn't because after books closure if you buy the stock you do not get the divs nor the split so why bother with the stock? 
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Rank: Elder Joined: 6/2/2008 Posts: 1,438
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I have seen that the daily price list from the NSE indicates 30th March as the date for books closure for the split. However, I trust the BBK circular as it is issued by Judy Nyagah, the Company Secretary of Barclays Kenya.
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Rank: Elder Joined: 3/2/2009 Posts: 26,330 Location: Masada
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mwanahisa wrote:KIRTI wrote:mwanahisa wrote:@lovely2010, BBK issued a sharesplit timetable dated 11th March which was posted to the NSE. The shares will trade cum-split all the way to 3oth May, going ex-split on 31st May. The split shares will be available for trading from 13th June 2011.
Hope this answers the SPLIT question once and for all. Barclays Bank announced a Share Split in the ratio 4 for every 1 held on 22-Feb-2011. Books closure 30-Mar-2011. Shares Split available for trading on 13-Jun-2011. KIRTI, Books closure for the split is 30-05-11. I quote from the BBK circular: "Monday, 30th May 2011; Assuming CMA and shareholder approval, last day of pre-split trading." As per NSE data bokk closure for split is 30-Mar-11. Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Elder Joined: 3/2/2009 Posts: 26,330 Location: Masada
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Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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BBK losing 10% today
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