CIC Shareholders Advised To Exercise Caution
CIC Insurance Group has today made a public announcement on its plan to acquire property for development purposes. The property is to be acquired by CIC General Insurance Limited and CIC Life Assurance Limited, both wholly owned subsidiaries of CIC Insurance Group in Isinya, Kajiado. Total acreage of these…
Sasini Company's 104% Loss
Sasini Limited, a member of Sameer Group and one of the top tea and coffee producers in Kenya, has announced a final dividend of KES 0.25 per share. This makes the total they have paid for the year KES 0.75 after the payment of an interim dividend…
Financing For Start-ups: Early Stage Financing
“Africa is the only developing region in the world where the growth rate is expected to rise this year. Internet usage has grown more this year in Africa than on any other continent……in short, Africa is on its way. ” – Hillary Clinton on DEMO Africa…
Local Shareholders Spend Over KES 32 million on Athi River
COUNTER WATCH Athi River Mining – True to the prediction, locals took up shares in this company. The stock traded at KES 219, up by KES 9 from yesterday’s closing price. The amount traded was even more shocking as it stood at 150,000. Total amount that transacted was KES…
Why Watch Real Estate When You Can Watch Cement makers?
Kenya’s real estate has seen more action than a movie set. According to the HASS consult quarter three report, property prices jumped due to tumbling mortgage rates, among other reasons. Overall sales prices rose by 5.1% with apartment sales figures increasing by 3.6% and that of stand-alone houses…
Safaricom Top Traded Counter…Again
TOP TRADED COUNTERS Safaricom took the top spot in what seems to be a permanent trend. The counter saw 18.37 million shares changing ownership at KES 5. Market capitalization maintained at KES 200 billion and stands to gain if the stock price shoots past this price. In…
Power Up or Lose Out on Dividends
Our monitor of the listed media houses revealed one thing, that stock price matters. Nation Media Group closed at KES 228, up by one shilling while Standard Group closed at KES 22.75, up 25 cents. Relevance of the change in price can be spotted when…
Nation Vs The Standard, The Shareholder Standoff
Yesterday the hospitality sector did not live up to its name for shareholders. Stock prices decreased as did most of the indices. Shedding off 25 cents may seem little to a small shareholder, but to an investor with over 1 million shares – yes, they exist – it…
Hospitality Counters Off To A Bad Start
COUNTER WATCH Uchumi Supermarket – Having closed the day at KES 19.25, the counter’s price took a slight dip in share price by 25 cents. Bearing in mind that the supermarket is looking to raise KES 1.5 billion in a share offer next year, a downward spiral…
Hospitality And Food: Worth A Watch Today?
Last Friday we looked at the changes in stock price that arise from change in CEO. The best examples for that were KenGen and KCB. Both, on the same day, announced the hunt for new CEOs since the current ones were resigning. KenGen shares went up 5 cents,…
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