Kathonzweni Holdings Limited has investment interests in three companies. Kanzokea Video Limited (KVL), Kithuki Hauliers Limited (KHL) and Mbuvo Fisheries Limited (TFL). The following financial data relate to these companies.

1. As at 31 December 2001, the financial statements of two of the companies revealed the following information:

Company	Price of share Sh.	Earnings per share Sh.	Dividend per share Sh.
Kanzokea Video Ltd. (KVL) Kithuki Hauliers Ltd. (KHL)	160 270	8 18	8 9

2. Earnings and dividend information for Mbuvo Fisheries Ltd. (TFL) for the

past five years is given below:

Year ended 31 December	1997 Sh.	1998 Sh.	1999 Sh.	2000 Sh.	2001 Sh.
Earnings per share Dividend per share	5.0 3.0	6.0 3.0	7.0 3.5	10.0 5.0	12.0 5.5

The estimated return on equity before tax required by investors in Turkana Fisheries Ltd.s shares is 20%.

Required:

(i) For Kanzokea Video Ltd. (KVL) and Kithuki Hauliers Ltd. (KHL), determine

and compare:

• Dividend yields
• Price/Earnings ratios
• Dividend covers.

(ii)Using the dividends growth model, determine the market value of 1,000 shares held in Mbuvo Fisheries Ltd. (TFL) as at 31 December 2001.