- We anticipate a rally in banks’ prices as investors take profit taking positions on counters that they feel will pay a dividend ahead of the release of FY20 earnings.
- We continue to monitor the KES 1.2B or KES 63.50 per share buyout of BOC Gases by Carbacid ahead of a 30-day offer period that expires on April 6, that has been marred by valuation issues with BOC accusing Carbacid of undervaluing its share with an independent advisory opinion pricing BOC at a higher price of KES 91.76 a share.
- Safaricom announced an interim dividend of KES 0.45 with book closure slated for 5th March 2021 and payment on 31st March 2021.