Hisanet Africa Blog

  • Financial results and market reaction

    Posted: February 21, 2008, 4:39 pm by admin

    Quite a number of firms have released their financial results; EAC, BBK, Access, Total and many more are expected. All have registered positive growth but it seems like the market reaction isn’t in tandem with the results; what’s in the investors minds?

     

    Take a look at Access Kenya; it delivered strong financial results by three-fold with after-tax profit of Kshs 150mn with the turnover hitting the billion mark, all these besides a proposed dividend of Kshs 0.30. A day after the results are announced; the share price declined by Kshs 0.50. The company is at the same time meeting it’s set out strategies by expanding into more towns using wireless network

     

    Barclays bank on the other hand; the most profitable bank in the region posted 9% increase in it’s pre-tax profits and has an impressive balance sheet that stands at Kshs 157bn from the previous Kshs 117bn. A dividend payout of Kshs 1.65 should definitely pull in the long-term investors.

     

    Why then, are we having a slight drop in the share prices?

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