Ebenyo this is what I was talking about on stocks to sell. The bonus shares further diluted the poor earnings. 2nd half will even be worse. sub 10 bob on the way

I can see their operating income declined.Where was the problem?
Their main income is transaction fees from brokers and investment bankers.Im always charged 2.1% whenever i buy or sell shares.Does this mean some brokers didnt remit their dues?.Their other income stream,annual listing,was boosted this year with the listing of Nbv and fusion.That should have boosted their income.

@watesh;
Those are suspect companies.
After listing you will be left with an empty shell and the owners taken off.

@ mkate nusu,thanks for the clear elaboration.That means their income depends on daily traded volumes.High volumes=high income.Low volumes=low income.That also goes with the bear and bull runs.
The issuing of bonus shares was misplaced.I can see full year results with massive EPS dilution.With the income decline,i think the kshs 0.49 DPS might not be revisited.But if i can jump in at sub 10 bob,it will be a fair value to me.Let me see the market reaction .

Unless they need funding, exposure or for "retirement planning" I do not think these firms' owners need/want to list. Who wants the hassle of running a "public" firm when they can run a tight ship and borrow from local/international banks?

Then there are the scam artists like merali and matu... And HAFR... And Kurwitu...