wazua Thu, Jan 9, 2025
Welcome Guest Search | Active Topics | Log In | Register

2 Pages12>
mumias split
Options
Previous Topic · Next Topic
livie
#1 Posted : Wednesday, March 17, 2010 5:49:58 PM
Rank: Veteran


Joined: 11/1/2008
Posts: 834
can anyone bring me up to speed with the mumias share split that was to take place i think last year...?what became of it?
If you are going to be thinking only one thing, you might as well be thinking big. -Donald J . Trump
Back to top
 Report Abusive | Report SPAM
sparkly
#2 Posted : Wednesday, March 17, 2010 6:14:42 PM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Lmao... Share split when the share was trading at 3/-?
Life is short. Live passionately.
Back to top
 Report Abusive | Report SPAM
VituVingiSana
#3 Posted : Wednesday, March 17, 2010 9:09:42 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,118
Location: Nairobi
@livie - bwana... you are a few years out of date...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Back to top
 Report Abusive | Report SPAM
mwenza
#4 Posted : Thursday, March 18, 2010 7:57:59 AM
Rank: Elder


Joined: 4/22/2009
Posts: 2,863
@livie..............Do you have an idea what a share split is meant to achieve?
IF YOU EXPECT ME TO POST ANYTHING POSITIVE ABOUT ASENO, YOU MAY AS WELL SIT ON A PIN
Back to top
 Report Abusive | Report SPAM
livie
#5 Posted : Thursday, March 18, 2010 8:07:11 AM
Rank: Veteran


Joined: 11/1/2008
Posts: 834

@mwenza @VituVingiSana
pardon my naivety on this one but my shares still stand at the same number before and after hence my inquisitive post...

at least least thats what my cds statement says...
If you are going to be thinking only one thing, you might as well be thinking big. -Donald J . Trump
Back to top
 Report Abusive | Report SPAM
Horton
#6 Posted : Thursday, March 18, 2010 8:11:07 AM
Rank: Veteran


Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
there was a bonus, not a split...u should go to ur broker about that...
Back to top
 Report Abusive | Report SPAM
mukiha
#7 Posted : Thursday, March 18, 2010 8:21:07 AM
Rank: Elder


Joined: 6/27/2008
Posts: 4,114
livie wrote:

@mwenza @VituVingiSana
pardon my naivety on this one but my shares still stand at the same number before and after hence my inquisitive post...

at least least thats what my cds statement says...


There was a 2-for-1 bonus in Nov 2007.

When did you buy your shares?
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
Back to top
 Report Abusive | Report SPAM
2012
#8 Posted : Thursday, March 18, 2010 8:57:38 AM
Rank: Elder


Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
livie wrote:

@mwenza @VituVingiSana
pardon my naivety on this one but my shares still stand at the same number before and after



That's because you bought your shares after the split. The stock later dipped from 15/- to 3/- and you probably thought it was another 5:1 split

BBI will solve it :)
Back to top
 Report Abusive | Report SPAM
livie
#9 Posted : Thursday, March 18, 2010 9:00:20 AM
Rank: Veteran


Joined: 11/1/2008
Posts: 834
Thanx @Horto and @nmukiha for your responses.

I got the shares at the time they had an IPO last.

Please indulge me on the meaning of "bonus split"
If you are going to be thinking only one thing, you might as well be thinking big. -Donald J . Trump
Back to top
 Report Abusive | Report SPAM
guru267
#10 Posted : Thursday, March 18, 2010 9:13:14 AM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
@livie a bonus issue is when new ordinary shares are issued to shareholders in proportion of what they aready hold but its done for free unlike a rights issue...

a bonus issue is usually given in place of/with profits...
Mark 12:29
Deuteronomy 4:16
Back to top
 Report Abusive | Report SPAM
Horton
#11 Posted : Thursday, March 18, 2010 9:14:44 AM
Rank: Veteran


Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
livie wrote:
Thanx @Horto and @nmukiha for your responses.

I got the shares at the time they had an IPO last.

Please indulge me on the meaning of "bonus split"




http://www.traderji.com/...-share-stocks-split.html
Back to top
 Report Abusive | Report SPAM
mukiha
#12 Posted : Thursday, March 18, 2010 9:33:06 AM
Rank: Elder


Joined: 6/27/2008
Posts: 4,114
livie wrote:
Thanx @Horto and @nmukiha for your responses.

I got the shares at the time they had an IPO last.

Please indulge me on the meaning of "bonus split"


How many did you buy and how many do you have now?

Bonus: Reserves are converted into shares which are given to shareholders and the appropriate rate, eg, "two FOR every one held". The PAR value [na usiulize hiyo ninini!!!] remains unchanged but the share capital increases by the same factor.

Split: Existing shares are sub-divided into smaller ones, eg, each share now becomes two shares, the we say it is a "a one TO two" split. The par value drops by the same fraction but the share capital remains unchanged.
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
Back to top
 Report Abusive | Report SPAM
mwenza
#13 Posted : Thursday, March 18, 2010 9:36:09 AM
Rank: Elder


Joined: 4/22/2009
Posts: 2,863
livie wrote:
can anyone bring me up to speed with the mumias share split that was to take place i think last year...?what became of it?




@livie.....Are you sure you are now not shifting the goal posts? Your initial post is very clear. Now you again talk of IPO! Naivete can be tolerated but slyness cannot.
IF YOU EXPECT ME TO POST ANYTHING POSITIVE ABOUT ASENO, YOU MAY AS WELL SIT ON A PIN
Back to top
 Report Abusive | Report SPAM | Edit by user: Thursday, March 18, 2010 9:41 AM | Reason: Not specified
livie
#14 Posted : Thursday, March 18, 2010 10:00:09 AM
Rank: Veteran


Joined: 11/1/2008
Posts: 834
Thanx @guru267 @Horton and @mukiha for your responses.

i get it now.

my math tells me i should have double the amount of shares i had initially before the split....thats not the case.

i haven't sold or bought any mumias shares since the ipo.....

get my drift?

@mwenza...the goalpost are right where they were wen i started,thank you.
If you are going to be thinking only one thing, you might as well be thinking big. -Donald J . Trump
Back to top
 Report Abusive | Report SPAM
guru267
#15 Posted : Thursday, March 18, 2010 10:11:03 AM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
@livie you might have a real problem.. the best thing is to contact your broker about it..
Mark 12:29
Deuteronomy 4:16
Back to top
 Report Abusive | Report SPAM
mukiha
#16 Posted : Thursday, March 18, 2010 10:25:27 AM
Rank: Elder


Joined: 6/27/2008
Posts: 4,114
livie wrote:
Thanx @guru267 @Horton and @mukiha for your responses.

i get it now.

my math tells me i should have double the amount of shares i had initially before the split....thats not the case.

i haven't sold or bought any mumias shares since the ipo.....

get my drift?

@mwenza...the goalpost are right where they were wen i started,thank you.


Actually, if you bought during the Second Public Offer in Dec 2006, you should have THREE TIMES the number you bought, not double.
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
Back to top
 Report Abusive | Report SPAM
mwenza
#17 Posted : Thursday, March 18, 2010 10:27:29 AM
Rank: Elder


Joined: 4/22/2009
Posts: 2,863
@livie.........I now feel you brother. I have not heard any issues with MSC, lakini kengen, wacha tu i keep receiving dividends for shares i dont own. Please, please the word bonus and split are not interchangeable.

In the event of a split the share prices are expected to come down prorata. However in the event of a bonus issue the share prices are ideally expected to remain the same though what happens on the ground is not ideal.....Our brokers treat post-split and post-bonus prices the same.
IF YOU EXPECT ME TO POST ANYTHING POSITIVE ABOUT ASENO, YOU MAY AS WELL SIT ON A PIN
Back to top
 Report Abusive | Report SPAM
guru267
#18 Posted : Thursday, March 18, 2010 10:39:04 AM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
@mwenza a bonus offering can cause the share price to fall as the EPS becomes diluted...

eg issued shares of a company.. 5,000,000 (EPS 15)
If there is a bonus of 2:1.. new issued shares are 10,000,000 (EPS 7.5)

i dont really see any difference between a bonus issue and a share split....
Mark 12:29
Deuteronomy 4:16
Back to top
 Report Abusive | Report SPAM
mwenza
#19 Posted : Thursday, March 18, 2010 10:57:51 AM
Rank: Elder


Joined: 4/22/2009
Posts: 2,863
@guru267.............The par value of the share in the event of a split is divided accordingly and therefore it makes sense to divide the price likewise. However, the per value in the event of a bonus issue remains unchanged. Therefore, theoretically, the share price just like the per value should remain unchanged.
IF YOU EXPECT ME TO POST ANYTHING POSITIVE ABOUT ASENO, YOU MAY AS WELL SIT ON A PIN
Back to top
 Report Abusive | Report SPAM
guru267
#20 Posted : Thursday, March 18, 2010 1:46:07 PM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
@mwenza theoretically!! i,ve seen different in practice...
Mark 12:29
Deuteronomy 4:16
Back to top
 Report Abusive | Report SPAM
Users browsing this topic
Guest
2 Pages12>
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Wazua Investor Theme
Powered by YAF | YAF © 2003-2009, Yet Another Forum.NET
Copyright © 2025 Wazua.co.ke. All Rights Reserved.