Monday, December 18, 2006

Kenya's Sasini Announces Bonus & Split


Kenya’s Sasini Tea & Coffee has resolved the following per their announcement:

  • 1:5 Share Bonus
  • 5:1 Share Split

This will equate to 1 "old" share equalling 6 "new" shares after both the shareholders & CMA approve the resolutions.

Tea prices have been firmer in 2006 vs. 2005 but the KShs has gained vs. the US$ which remains the primary currency for Tea sales.

Coffee prices are substantially higher in 2006 vs 2005 but there has been a smaller harvest due to drought earlier in 2006.

Sasini has launched its own brand of Tea into the local market while they can now sell coffee through a second window i.e. directly to Buyers without having to go through the auction.

The Year End Results (30 Sep 2006) are not available at the moment.

1 comment:


Stock splits happen now and than