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Author Topic: Eveready share price went up after closure of factory...what?  (Read 2432 times)

Offline gout

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Eveready share price went up after closure of factory...what?
« 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

Government, even in its best state, is but a necessary evil; in its worst state, an intolerable one ~ Thomas Paine

Offline bryan275

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Re: Eveready share price went up after closure of factory...what?
« Reply #1 on: October 13, 2014, 11:59:50 AM »
Ask Kimanisideways... he swears by the NSE...

Offline RV Pundit

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Re: Eveready share price went up after closure of factory...what?
« Reply #2 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.

Offline Georgesoros

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Re: Eveready share price went up after closure of factory...what?
« Reply #3 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.
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