Of: Kyabazinga, Split and Rights
No doubt the Burial of Kyabazinga temporary halted the Uganda Clays Train, no trading on Monday as it was declared a public holiday to celebrate the life and times gentle giant,
Is it a train? I think so. Are people jumping on the Wagons? I think yes.
Is there going to be a band wagon effect? Why not- only that this train if well managed seems to be long (high growth potential company).
*Uganda Clays Stock has gained a staggering 104.54% in Four trading sessions after split: 110/= at split 225/= yesterday- welcome to the Risky Markets where returns… Related article below
Of Rights and Splits
Yesterday 9th September 2008 was to be very busy on Uganda’s Stock Market: with Baroda bank split shares Trading, New Vision Media House rights trading well Baroda traded 1000 shares closing at 600/= from split price of 556/=. New Vision presented an opposite trend to Baroda as there were outstanding offers; though it traded OK with 1080 shares exchanging hands at an average price of 1,935.18/= closing at 2,000/= (Sam Njuguna and Alex Mugabo watch out for the financials which are soon being released)
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