I wonder if the CEO, CFO or Directors will take a similar pay cut?
Yes, when pigs fly during a blue moon seen on a sunny day.
9 comments:
kauka
said...
This was expected really. Would one argue that investors were duped into participating in the rights issue.
Shouldn't KQ have been required by CMA laws to produce audited interim financial statements that were not more than 6 months old as all prospective issuers are required to do. Why allow KQ to show more than 6months old statements(interims to sep 2011) yet the financial year end was almost over meaning they should have produced 31 mar 2012 or at least Dec 2011 numbers. What they have done is dodgy and stinks to the seas. Worse still, it is under the guidance of CMA. Who does CMA bat for, wananchi or issuers???
@kauka - The current shareholders were the ones duped. I also questioned why KQ was allowed to issue an IM without 'projected' results & only had audited results 12 months old.
The CMA seems to be on the side of everyone but the Shareholders.
KQ's dividend of KES 0.25 for the financial year 2011-12 will be paid to the "substantially increased shareholders". So the subscribers to the shares issued in June 2012 will vote to give themselves dividend on profits earned up to March 2012. And CMA sees nothing wrong with this?
I raised this issue on another thread, why would shares issued after the financial year end rank parri passu with existing ordinary shares? Whether a sweetener for the rights or not, it was daft and an insult to existing shareholders, it's a kin to telling them the money they invested earlier is inferior to what they need to invest in. Makes nonsense time value of money and the entire concept of return.
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9 comments:
This was expected really. Would one argue that investors were duped into participating in the rights issue.
Shouldn't KQ have been required by CMA laws to produce audited interim financial statements that were not more than 6 months old as all prospective issuers are required to do. Why allow KQ to show more than 6months old statements(interims to sep 2011) yet the financial year end was almost over meaning they should have produced 31 mar 2012 or at least Dec 2011 numbers. What they have done is dodgy and stinks to the seas. Worse still, it is under the guidance of CMA. Who does CMA bat for, wananchi or issuers???
@kauka - The current shareholders were the ones duped. I also questioned why KQ was allowed to issue an IM without 'projected' results & only had audited results 12 months old.
The CMA seems to be on the side of everyone but the Shareholders.
KQ's dividend of KES 0.25 for the financial year 2011-12 will be paid to the "substantially increased shareholders". So the subscribers to the shares issued in June 2012 will vote to give themselves dividend on profits earned up to March 2012. And CMA sees nothing wrong with this?
I raised this issue on another thread, why would shares issued after the financial year end rank parri passu with existing ordinary shares? Whether a sweetener for the rights or not, it was daft and an insult to existing shareholders, it's a kin to telling them the money they invested earlier is inferior to what they need to invest in. Makes nonsense time value of money and the entire concept of return.
This networking can be done through networking mlm and affiliate programs. They both are completely opposite each other in every approach., proxy web unblocker. More and more people are choosing to buy home gyms. vpn on ipad setup
Hair protects our heads from the cold and the heat. proxy websites for facebook. While in homes they are kept stationary, in concert halls and on stage, they are constantly mobile. proxy server services
This is how it happened. I'm thinking about the photo where you and your sisters had been forced to wear matching outfits or the 1 in which you piled on top of your family in a pyramid formation. shopping network.jp. The type of abortion used will depend on each individual patient’s personal preference and her eligibility for the different types. Si no estás en el grupo, pero el grupo se alinea con tu propuesta de negocio, ingresa en él., private detectives jobs uk. This therapy works as to help you burn fat better and stimulate increase of lean muscle. access airorg
Migraine headache relief is not easy to achieve, but there are definitely some preventive medicines and techniques which one must take under the guidance of a specialist. Emotional disturbances can lead to mental health disorders and unnecessary medications., of baset ethernet. The world is for a change and the huge shift of the real estate market is a huge part of this change. wink time server
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