its2013 wrote:MaichBlack wrote:jerry wrote:MaichBlack wrote:littledove wrote:littledove wrote:kengen full year profit before tax up only 3.3 % to 4.2 b
af.reuters.com/article/kenyaNews/idAFL6N0SI4KN20141023
proposed the payment of a final dividend of 0.40 shillings, down from 0.60 last year.
Good news for me - in a way. I'm fully loaded up on Kenya Power and KenolKobil. My only remaining Energy stock to load up on [increase my stake] - as stated in a different thread a couple of weeks ago - is Kengen. The price started heading north when I was about to start buying and I didn't feel like chasing the stock! This might be my buying chance. Tomorrow I'll keep my antenna up waiting for disgruntled shareholders to click the sell button - stictly sub 10!
Too bad to wish the share to go down. It won't until "we" chew the dividends.
Either way, no problem. I will also be 'chewing' the dividends. I'm a shareholder. But this is a stock I'll have to increase my stake in - tomorrow or after books closure!
Also waiting for sub 10 here.
Who values the shareholder here?
KPLC showed poor performance the previous FY and denied shareholders DVDs. It delivered excellent performance this FY and decided to pay only 50 cts to shareholders some of whom bought it at 20bob worstcase.
KEGN last year when things were not that bad paid 60 cts DVD and when profits dipped this FY they cut that to 40 cts to shareholders, some who bought at 17.
Who has a more rewarding policy? Let the rights now come, we shall buy them