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PRIVATE PLACEMENT
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dossy7
#1 Posted : Wednesday, November 24, 2010 3:41:25 PM
Rank: Elder


Joined: 12/9/2009
Posts: 1,492
Location: Nairobi
Hi Wazuans,
I need more info on private placement since am seeing an opportunity to buy shares through these method and am not quite understanding what it means.
kindly explain to me more on the subject and advice are welcome since am considering buying the shares.
Thanks
Kenya ni yetu sisi sote
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extrablessed
#2 Posted : Wednesday, November 24, 2010 4:22:52 PM
Rank: Member


Joined: 7/28/2007
Posts: 290
Location: Nairobi
...in layman language, it means the stocks will not be at the NSE, i.e. not a public offer as we had in safaricom.

The main shortcomings of privately held stocks is lack of liquidity, lack of information and lack of control.

However, most privately held firms benefit from more flexibility in decision making (less bureacracy). They are usually priced at discounts to allow for their illiquidity, lack of control and information deficiency. When such firms are finaly listed at the NSE, that discount becomes like a bonus to the existing shareholders...
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dossy7
#3 Posted : Wednesday, November 24, 2010 4:28:58 PM
Rank: Elder


Joined: 12/9/2009
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Location: Nairobi
Extrablessed thanks so much for the info.Do you think it's a worthwhile venture?
Kenya ni yetu sisi sote
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The Merchant
#4 Posted : Wednesday, November 24, 2010 4:48:08 PM
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Joined: 5/24/2010
Posts: 846
Location: KENYA
Well at least for I&M BANK I think its worthwhile but you have to have some 20 million somewhere...
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dossy7
#5 Posted : Wednesday, November 24, 2010 4:57:56 PM
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Location: Nairobi
@The Merchant the company is CIC insurance group
Kenya ni yetu sisi sote
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Apple Bees
#6 Posted : Wednesday, November 24, 2010 5:00:55 PM
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Joined: 7/5/2008
Posts: 390
dossy7 wrote:
@The Merchant the company is CIC insurance group

yes. but there is also I&M bank private placement, but u need to be 'dossy' i.e 20m plus.

Sorry, but I think (from your name), you qualify
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Mpenzi
#7 Posted : Wednesday, November 24, 2010 7:44:28 PM
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Joined: 10/17/2008
Posts: 1,234
there is also the Real Insurance private placement that is ongoing
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Gatheuzi
#8 Posted : Wednesday, November 24, 2010 8:09:13 PM
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Joined: 8/16/2009
Posts: 994
.... And we also had the deacons offer.
Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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Apple Bees
#9 Posted : Wednesday, November 24, 2010 8:14:45 PM
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Posts: 390
and soon inoorero university (they did it in 2007 but was not successful. am told they wanna try again)
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Mpenzi
#10 Posted : Wednesday, November 24, 2010 8:22:50 PM
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Gatheuzi wrote:
.... And we also had the deacons offer.


No, Deacons' is a public offer
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Mpenzi
#11 Posted : Wednesday, November 24, 2010 8:25:12 PM
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Joined: 10/17/2008
Posts: 1,234
Apple Bees wrote:
and soon inoorero university (they did it in 2007 but was not successful. am told they wanna try again)


Inoorero did a private placement last year - and it was successful. They raised 300 million. They now want to raise 200 million to build their campus in Kitengela.
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The Merchant
#12 Posted : Wednesday, November 24, 2010 8:27:43 PM
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Joined: 5/24/2010
Posts: 846
Location: KENYA
Mpenzi wrote:
Gatheuzi wrote:
.... And we also had the deacons offer.


No, Deacons' is a public offer

No Deacons is not a public offer. I know the media is a little misleading on this BUT IT IS a private placement.
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Mpenzi
#13 Posted : Wednesday, November 24, 2010 8:43:43 PM
Rank: Veteran


Joined: 10/17/2008
Posts: 1,234
The Merchant wrote:
Mpenzi wrote:
Gatheuzi wrote:
.... And we also had the deacons offer.


No, Deacons' is a public offer

No Deacons is not a public offer. I know the media is a little misleading on this BUT IT IS a private placement.


I have seen the documentation. It is a PUBLIC OFFER.
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Apple Bees
#14 Posted : Wednesday, November 24, 2010 8:51:33 PM
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Posts: 390
Mpenzi wrote:
Apple Bees wrote:
and soon inoorero university (they did it in 2007 but was not successful. am told they wanna try again)


Inoorero did a private placement last year - and it was successful. They raised 300 million. They now want to raise 200 million to build their campus in Kitengela.

thanx for the correction
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VituVingiSana
#15 Posted : Wednesday, November 24, 2010 10:50:14 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,215
Location: Nairobi
http://www.businessdaily...552/1059616/-/yeay18z/-/
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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sparkly
#16 Posted : Thursday, November 25, 2010 7:25:55 AM
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Joined: 9/23/2009
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Location: Enk are Nyirobi
VituVingiSana wrote:
http://www.businessdailyafrica.com/I&M%20Bank%20plans%20to%20extend%20loan%20maturities/-/539552/1059616/-/yeay18z/-/

@vvs i believe I&M is certainly bigger than the number 12 it said to be. Its assets are held out in a complex web of investment companies eg mnana limited, orchid investments, general insurance, minard investments...Check the accounts
Life is short. Live passionately.
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VituVingiSana
#17 Posted : Thursday, November 25, 2010 8:18:35 AM
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Joined: 1/3/2007
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Location: Nairobi
sparkly wrote:
VituVingiSana wrote:
http://www.businessdailyafrica.com/I&M%20Bank%20plans%20to%20extend%20loan%20maturities/-/539552/1059616/-/yeay18z/-/

@vvs i believe I&M is certainly bigger than the number 12 it said to be. Its assets are held out in a complex web of investment companies eg mnana limited, orchid investments, general insurance, minard investments...Check the accounts

No, you are mistaken.
- The firms [Minard, Tecoma, Mnana, etc] are shareholders of I&M Bank Ltd
- I have no idea who/what Orchid Investments is
- General Accident is a Related Company (common directorship). I doubt that I&M Bank owns any part of General Accident but I may be mistaken
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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