Mr. Godwin Sitati
Code of Ethics
This is a short-term reversal of the prevailing trend in the price movement of a share. Thus when in a falling market, the share registers a short term increment in price and in a rising market, the share registers a short term decline in price..
Shares are said to be overvalued when the current price is not justifiable when measured by such benchmarks like the price to earnings ratio (P/E ratio). These are usually shares which have caught the investors’ fancy resulting in an emotional buying spree..
This is the name of an individual or entity who is the registered owner of a security. Dividends and other distributions are paid only to the holder of record..
Underwriters are specialized companies that administer the public issuance and distribution of new shares of a company. They undertake the risk of failure or success of the issue..
This is any general meeting other than the annual general meeting called to seek shareholders’ consent on urgent issues. These issues could be the removal of an executive, a takeover, amalgamation, induction of a new director into the board or even large scale borrowing..