KQ Hits New 12 Month Low
The Kenya Airways share price today dropped to a new 12-month low. The counter opened trading this morning and immediately dropped 5 cents to open at Kshs. 13.60, down from yesterday’s close of Kshs. 13.65. At about 12.14pm today, the KQ share touched the new 12-month low of Kshs.
BRITAK TANKS: Reports a Loss In 2011
The British American Investments Company Limited announced its audited financial statements for the year ended 31st December 2011 on Wednesday 21st March. The company reported a net loss of Kshs. 1,957,305,000 in the financial period ended 31st December 2011. In the previous period ending 31st December 2010, the company…
Give Me My Rights: Understanding the KQ Rights Issue
On 17th October 2011, Kenya Airways announced that its board of directors, having considered and approved the funding requirements of KQ for its future expansion plans, approved that part of such funding be raised by a way of a rights issue to the existing shareholders of KQ. KQ intends…
Access Kenya and Today's 5 Cent Drop
The Access Kenya Group share today opened the trading session at Kshs. 4.30, 5cents up from yesterday’s Kshs. 4.25 closing price. The counter moved 127,000 shares valued at Kshs. 539,750. The share today closed at Kshs. 4.10, a seemingly modest drop of 5cents but in the case of an…
Closing Bell 22/03/2012
Top Gainers Price Change Kapchorua Tea Co. Ltd Ord Ord 5.00 123.00 +9.82 Unga Group Ltd Ord 5.00 9.70 +7.78 Eveready East Africa Ltd Ord.1.00…
KQ Closes Below Rights Issue Price
For the second day running the Kenya Airways share has dipped below the rights issue price of Ksh. 14. Yesterday, the share momentarily hit Ksh. 13.60 but closed at KES 14.50 but today the share constantly traded below Ksh. 14. The share opened at Ksh.
Trading at the NSE Drops 30% in Wednesday's Trading
Trading at the Nairobi Securities Exchange dropped by 30% in yesterday’s session. This comes in the wake of the normalcy returning to the market after the stock exchange was hit by a power blackout, frustrating investors and stock brokers alike. Yes, even the Nairobi Securities Exchange suffers from blackouts!…
NSE to list on the NSE
The Nairobi Securities Exchange is in the process of demutualization. In fact, efforts to demutualize have been going on since 2005. A study carried out by the Financial Services Advisory arm of KPMG titled “NSE Demutualization Study” lists demutualization as a trend in the world…
NSE Broadens Board
The shareholders of the Nairobi Securities Exchange (NSE) held an Extra Ordinary General meeting on Thursday 15th March 2012 at the Sarova Stanley Hotel to elect a new board of directors. This follows the re-registration of the NSE on 21st September 2011 where the company…
Standard Chartered Bank Kenya FY 2011 Earnings: My analysis
Standard Chartered's Income for the year ended 2011
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