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Code of Ethics
To subscribe is to apply for the purchase of shares in a new issue..
This is a condition in which the returns on an investment are greater than the cost of financing it. Example; if you were to borrow KES 100,000 at an interest rate of 10% and invest the same in a bond paying 12%, then there is a positive carry..
This is investing that is guided by one’s ethical principals and not by financial considerations. One may choose to invest heavily in companies that conform to his/her ethical guidelines and decline to invest in companies in certain industries like gambling, alcohol, tobacco..
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..
These are shares of companies that have maintained a record of stable earnings and continuous dividend payments even through periods of economic downturn. They tend to fall less in a bear market and therefore provide a safe return to an investor’s money..