Barclays gave with both hands...
A 1:3 Bonus as well as a 5:1 Split. Expect the share price to JUMP on this news since the profits were also up 44%.
The speculators are going to have a field day but the P/E ratios are out of whack & they can also get worse!
I based my earlier comments on Barclays Botswana's split. Pesa Tu did not agree.
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November
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- Port Privatisation (without hidden shareholdings!)...
- Justice Delayed is Justice Denied!
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- Kisumu Airport Closed - Runways washed out!
- What is 10% of Safaricom worth?
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- The Passing of A Giant - Milton Friedman
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- Reviewed Site Featured in Barrons!
- Eveready OFS picking up steam
- What are the results of the investigation on City ...
- Eveready is ready. Are you?
- A must read for those who love Stock Splits
- Banks' profits rise 3Q 2006 vs 3Q 2005
- Barclays announces Bonus & Rights
- Why the price of Petrol remains high
- City Trust hit KES 500 (6 Nov 2006)
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2 comments:
Ha..ha... i have to eat...my words.
I was not sure but I figured that BBK would follow a "global" policy since they will all be under ABSA eventually. So if OK for Botswana then OK for Kenya.
Their turnabout in investing in rural areas is great news since it will bring quality banking to the masses.
KCB & Equity should watch their backs if BBK executes properly.
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