Thursday, February 9, 2012

CRDB 33.33% DOWN!


CRDB Bank share price on DSE has tumbled to an IPO price level of TZS150 per share from last year's peak of TZS225 per share. This fall is an equivalent of 33.33% fall in price level. As per September report CRDB net Asset stands at TZS123 per share. At this level CRDB market value is 22% above net asset level.
   CRDB is expected to issue a dividend of TZS 10 per share for the financial year 2011 which is an equivalent of 7% dividend payout ratio to the current market price of TZS 150 per share.To the longterm Investors I would advise them to take a long position with this stock. Longterm investor are those who will buy and hold the stock at least for five years.

Regards,
Emmanuel Akyoo.
Posted by Epak Capital at 3:25 AM

1 comment:

  1. UnknownFebruary 9, 2012 at 3:40 AM

    I think this is just the right time to take the position.

    ReplyDelete

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