Another Rights Issue in the Offing
As we at PesaTalk had alluded to earlier, Standard Chartered Bank has announced that it plans to carry out a rights issue and increase its authorised share capital. In a letter addressed to the Chief Executive of the Nairobi Securities Exchange the bank announced that its Board of…
Kenyan Stocks Hit 7 Month High
According to Reuters, Kenyan shares rose to hit a 7-month high on Thursday lifted by a return of institutional investors in the market. Institutional investors are non organizations that trade securities in large enough quantities that they qualify for preferential treatment and lower commissions. Examples could include Pension funds…
Standard Chartered Seeks Approval to Increase Authorised Share Capital
Standard Chartered Bank has announced that its Board of Directors approved a Rights Issue subject to shareholder and regulatory approval. A notice of the Annual General Meeting (AGM) to be held on Thursday 24th May 2012 has also been released. This will be the 26th AGM of the shareholders…
Sameer Profits Up 68%
Up, up, up. Sameer Africa's profit after tax is up 69%
Stocks Watch
As at the close of business yesterday the NSE All Share index had moved up 0.65 points (0.86%) to close at 76.14 points while the NSE 20-share index moved 45.03 points to close at 3534.27 points, an increase of 1.29%. Safaricom Limited was again the yesterday’s biggest mover with 5.91…
Closing Bell 19/4/2012
Safaricom was the day's biggest mover, over 5.9 million shares traded.
No KQ rights were sold today.
Scangroup: Infographics on Growth
“To add outstanding value to our clients and shareholders and have fun doing it.” That is one Kenyan multi-billion shilling company’s mission, to add value to clients. The firm has indeed done that and has the financial success to prove it. Scangroup Limited recently announced its financial results for the…
Stocks Watch
At the close of business yesterday the NSE All Share index had moved up 0.56 points (0.75%) to close at 75.49 points while the NSE 20-share index moved 20.85 points to close at 3489.24points (0.81%). Safaricom Limited was yesterday’s biggest mover with 34.22 million shares being traded in the session…
Closing Bell 18/4/12
A summary of the day's NSE and Exchange Rate activity.
Scangroup Profits Up 42%
ScanGroup Limited, Africa’s leading marketing services company has released its financial results for the year ended 31st December 2011. The company’s profit before tax increased by 52.68% from KES 838,396,000 in 2010 to KES 1,280,100,000 in 2011. The company’s operating expenses increased by 49.36% from KES 1,685,377,000 to…
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