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
Gold & ETF In Kenya
8 years ago
 
 
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