Express Kenya Limited Shareholders To Be Wary
Things do not seem to be going well at logistics company Express Kenya Limited. Trouble started at the firm when the firm lost its single largest and most lucrative beer transportation business after regional brewing giant EABL awarded the Ksh. 2.3 billion-a-year contract to its rival DHL. Its notable remaining…
CBK Maintains Benchmark Rate At 18%
The Monetary Policy Committee of the Central Bank of Kenya mandated to regulate monetary policy (the aim being to achieve stable prices, that is low inflation, and to sustain the value of the Kenya shilling) met yesterday and resolved to maintain its benchmark rate at 18%. The Central…
Yield On Treasury Bills Falls
Yesterday the weighted average yields fell for all securities on auction at Kenya’s Treasury bill auction with investors favouring bills with longer maturity periods. Yields on the benchmark 91-day Treasury bill were 16.340%, 0.388% lower than last week’s yields of 16.728%. The central bank accepted bids worth Kshs. 1.77 billion…
Closing Bell 2/4/12
Gainers Price (Ksh) Change (%) Crown Berger Limited 27.75 6.73% Total Kenya Limited 13.90 5.30 TPS Eastern Africa Serena 49.00 3.16 CFC Stanbic Holdings 41.00 2.50% KPLC 14.85 2.41 Losers Price (Ksh) Change (%) Carbacid Investments Limited 10.70 2.73 Kenya Reinsurance Corporation 7.45 1.97 Sameer Africa Limited 3.75 1.32…
One Investor, Two Million Shares
2 million Marshalls East Africa Limited shares were traded in today’s trading session. The shares had a turnover of Kshs. 24,100,000 and the share price remained at the opening price of Kshs. 12.05. The shares were traded by one investor. Marshalls has franchises in KIA motors, Force motors and…
Kakuzi Share Responds To Their Positive Financial Results
Yesterday, Kakuzi Limited’s share gained for the second day running and rose by 0.6% to Ksh. 80 per share, the highest since March 1st 2012. This seems to be in response to the increase in profit they reported for the period ended 31st December 2012. According to their financial…
Wanna Get KPLC Interim Dividends?
The Kenya Power and Lighting Company, KPLC, will pay out an interim dividend of Kshs. 0.20 per share, the company announced in February. To receive dividends, shareholders must be in the share register on 12thApril for the dividend will be paid out on 31st April 2012. The share is…
Why Would You Take Up Your KQ Rights?
Yesterday, the KQ share closed at Ksh 13.95 per share. This is 5 cents below the rights issue price. This is similar to the trend that was observed last week where the share was consistently below Ksh 14 and reached a 12 month low of Ksh 12.55 per share. This…
EABL Interim Dividend To Be Paid Next Week
East African Breweries Limited, East Africa’s leading branded alcohol beverage business, is expected to pay a Kshs. 2.50 interim dividened per share to shareholders on 13th April 2012. The share closed trading in yesterday’s session at Kshs. 202.00 with the counter moving 53,300 shares yesterday resulting in a turnover of…
EABL faces active competition
The performance of the company is a matter of great concern to the shareholders. In every industry there exists factors that may promote or inhibit company performance. One factor that may actually both promote and inhibit this performance is competition. The clearest indicator of increased competition is the entrance of…
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