Monday, June 16, 2008

Uganda Clays to split stock again

Uganda Clays is considering a second stock split , shareholders were undecided on wheather to have
a 1:100 or 1:1000 split !
Finally by a small margn, the 1:100 camp won out.

Get ready for a crash coming soon to this counter this year or next ...

One statement in there that I found interesting was
"But some investors are reportedly opposed to the share split because of its feared impact on their share portfolio."

Another interesting one is from the general manager of dyer and blair (stock broker)
" the share split ought to be subjected to a 10-to-1 ratio but much earlier than next year, to guarantee effective results"

Can anyone venture to state what these mean?

reference:
http://www.nationmedia.com/EastAfrican/current/Business/biz160620084.htm

No comments: