Stocks Watch – 15 June 2012
At the close of trading at the NSE yesterday, the NSE 20-share index stood at 3,685.36 while the All-share index stood at 79.41. The total number of shares traded stood at 36.596 million in 1288 deals. The equity turnover stood at KES 254.466 million. In today’s trading we will be…
KQ Dividend Drops 5 Times
The number of KQ shares has increased 4 times while the profits for the year have dropped by a little over half. Shareholders' dividends will then reduce by 6 times from KES 1.50 paid out last year to KES 0.25 to be paid out this year.
Closing Bell – 14 June 2012
A summary of the day's events at the NSE.
KQ Posts 53% Drop in Profits
Kenya Airways has announced its financial results for the year ended 31 March 2012. Net profit has dropped by 53% while turnover has increased by 25.7% in the same period. Expenses increased 33.2% while an interesting thing they call "realised gains on fuel derivatives" has increased by over 700% in the year.
Stocks Watch – 14 June 2012
Kenya Airways, Pan Africa Insurance and Equity bank make our watch list in today's session at the NSE.
A Look at the CIC Insurance Listing
CIC Insurance Group Limited will be the 6th Insurance company and the 61st listed company on the NSE.
Limuru Tea Hits 500 a Share
When thinking about stocks on the NSE, very rarely does one consider Limuru Tea. This is mainly because the share is expensive and fairly dormant. However, at KES 500 per share it is the priciest counter at our bourse. Consequently, we at pesatalk consider it worth observing. The Limuru Tea…
KQ Performance Dwindling
On Friday the 8th of June, Kenya Airways (KQ) announced the results of their KES 21 billion rights issue. The announcement reported that the issue had received a 70% subscription implying that about KES 14 billion was raised. This news was not necessarily unexpected since there had been speculation that…
Stocks Watch – 13 June 2012
Limuru Tea, Kakuzi, Crown Berger and Kenya Re make our stocks watch list today. Limuru Tea yesterday rose 8.7% to hit the KES 500 mark while Kakuzi was the biggest loser in yesterday's trading.
AccessKenya Issues Bonus Shares
AccessKenya Group, the only publicly listed Internet service provider, has issued 10 million bonus shares to shareholders after gaining approval from the Capital Markets Authority (CMA) and by shareholders. In yesterday’s trading the share appreciated 1.8% to close at KES 5.65 from KES 5.55 the previous day. The approval will…
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