Yesterday the company announced an increase in its first quarter results to KES 369 million. This represents a 17% increase in profits for the country’s second largest cement manufacturer by market value.

As if in anticipation of this investor demand for the share rose during yesterday’s trading and the share recorded an increase in value to close at KES 204, 4.08% higher than it had opened. This is the highest level the share has attained since August 1997. The company is planning to carry out a one-for-five share spilt. This would increase the number of listed shares and lower the share price to approximately KES 40 per share.

[caption id="attachment_7007" align="alignleft" width="608" caption="Image Sourced from www.bloomberg.com"][/caption]

As we can see above, the share has been relatively consistent over the last five months with the price steadily increasing since December last year and it is actually one of the best performing counters at the NSE providing a year to return yield of 19.40%.

This is definitely a stock to consider investing in.