Special Dividend
WPP Scangroup had also disposed all of its shareholding of the issued shares in Research and Marketing Group Investment Limited, a Mauritanian Holding Company for Kantar TNS business in Kenya, Nigeria, Ivory Coast, Senegal, Ghana, Cameroon and the UK to Kantar Square Two B.V.
The Kshs 8 dividend is a special dividend which should be a great precaution for investors. Going forward the price of Scangroup shares will continue to lose value and I will buy the share at Kshs 2 soon enough.
Currently the share price has plummeted by about 49% and is expected to plummet further. The special dividend will also distort and misrepresent the companies PE Ratio in the future.