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Forum => Kenya Discussion => Topic started by: gout on October 13, 2014, 07:32:18 AM

Title: Eveready share price went up after closure of factory...what?
Post by: gout on October 13, 2014, 07:32:18 AM

Monday 29th September - announcement to close down D- batteries factory

Friday 3rd October - share price up 39% to shs. 4.10

http://www.nation.co.ke/business/Eveready-East-Africa-Shares-Diversification/-/996/2474642/-/vdndhvz/-/index.html

Title: Re: Eveready share price went up after closure of factory...what?
Post by: bryan275 on October 13, 2014, 11:59:50 AM

Ask Kimanisideways... he swears by the NSE...

Title: Re: Eveready share price went up after closure of factory...what?
Post by: RV Pundit on October 13, 2014, 02:54:01 PM

The answer is the land holding by Everyready and their decision to invest in rental flats in Naks where the factory laid.

The rise of course is nothing compared to loss from it's debut price of 9bob.

Title: Re: Eveready share price went up after closure of factory...what?
Post by: Georgesoros on October 13, 2014, 05:43:07 PM

Producing is not the in thing. Flipping land  and properties is the in thing.
Import everything else.