wazua Mon, Aug 4, 2025
Welcome Guest Search | Active Topics | Log In

Family bank listing- misadviced
Options
Previous Topic · Next Topic
Sober
#1 Posted : Sunday, August 07, 2011 8:42:16 PM
Rank: Elder


Joined: 11/27/2007
Posts: 3,604
According to the extra ordinary meeting held on friday, it was agreed that the firm shall list at the NSE by 3rd october.
Do they undertand the dynamics of listing their shares at the bourse at this time when the market is turbulent...
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
Back to top
 Report Abusive | Report SPAM
hisah
#2 Posted : Sunday, August 07, 2011 8:53:56 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
October 3rd...??? Are the owners serious???
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Back to top
 Report Abusive | Report SPAM
jerry
#3 Posted : Sunday, August 07, 2011 9:10:31 PM
Rank: Elder


Joined: 9/29/2006
Posts: 2,570
hisah wrote:
October 3rd...??? Are the owners serious???

=>since it's not an IPO what's the hold-up if they've the greenlight to list?
The opposite of courage is not cowardice, it's conformity.
Back to top
 Report Abusive | Report SPAM
Sober
#4 Posted : Sunday, August 07, 2011 9:16:01 PM
Rank: Elder


Joined: 11/27/2007
Posts: 3,604
@jerry, they should ask TCL the beating that they are receiving. The foreigners who would have upheld the market are struggling to keep afloat with the european and american market.
We are having dark times ahead and if i were able i would advice them to adopt the wait and see attitude.
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
Back to top
 Report Abusive | Report SPAM
hisah
#5 Posted : Sunday, August 07, 2011 9:27:53 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
jerry wrote:
hisah wrote:
October 3rd...??? Are the owners serious???

=>since it's not an IPO what's the hold-up if they've the greenlight to list?


If you were the owner, would you introduce your shares when investors sentiment was reading fear instead of greed? What is the hurry? They should lock it in on OTC for the time being to avoid the volatile mood on the public market.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Back to top
 Report Abusive | Report SPAM
Hunderwear
#6 Posted : Sunday, August 07, 2011 9:45:12 PM
Rank: Member


Joined: 4/14/2011
Posts: 639
Cant understand the rush at all!Britak,TCL,now family,Cic later next year.Dont knw what these wazees know that we dont
Back to top
 Report Abusive | Report SPAM
jerry
#7 Posted : Monday, August 08, 2011 12:15:15 AM
Rank: Elder


Joined: 9/29/2006
Posts: 2,570
hisah wrote:
jerry wrote:
hisah wrote:
October 3rd...??? Are the owners serious???

=>since it's not an IPO what's the hold-up if they've the greenlight to list?


If you were the owner, would you introduce your shares when investors sentiment was reading fear instead of greed? What is the hurry? They should lock it in on OTC for the time being to avoid the volatile mood on the public market.

@hisah. Suppose ur interest is to acquire more and accumulate during the 'recession'? Are they introducing new shares and how much?
The opposite of courage is not cowardice, it's conformity.
Back to top
 Report Abusive | Report SPAM
hisah
#8 Posted : Monday, August 08, 2011 6:39:36 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
jerry wrote:

@hisah. Suppose ur interest is to acquire more and accumulate during the 'recession'? Are they introducing new shares and how much?

I still dont see why they want a volatile market to discount the price. They can do a rights issue for that purpose... Or issue bonus shares. I dont have info on how the intro listing will be done in terms of the shares to be floated.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Back to top
 Report Abusive | Report SPAM
Kenyan Oracle
#9 Posted : Monday, August 08, 2011 8:37:46 AM
Rank: Member


Joined: 5/31/2011
Posts: 253
Hunderwear wrote:
Cant understand the rush at all!Britak,TCL,now family,Cic later next year.Dont knw what these wazees know that we dont


I've also been wondering especially since we are heading for elections. Could it be this wazee's have been enjoying certain privileges from the current gubberment & are afraid of the imminent change of guard? Just wondering Think
You lose money chasing women, but you never lose women chasing money - NAS
Back to top
 Report Abusive | Report SPAM | Edit by user: Monday, August 08, 2011 8:48 AM | Reason: Not specified
VituVingiSana
#10 Posted : Monday, August 08, 2011 9:40:56 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,223
Location: Nairobi
Some of the comments here are so devoid of any common sense!

Family Bank plans a "Listing by Introduction" so what difference does it make WHEN it lists?

1) On a LBI the 'price' usually starts off at the level the OTC shares were trading. The price discovery is better than the OTC.

2) If the listing price is too high, the price will fall. The current shareholders do not become poorer since the shares are not worth the listing price.

3) If you think the Listing Price is too high, then SELL. If you think its too low then BUY. If you have shares but no cash to but then HOLD. If you need the cash, then whether you sell on the Board or OTC... you will sell at the price others will pay!

4) Oh, please what is this BS about Bonuses & Rights Issues? Family Bank does not need cash today so why do a Rights Issue? As for a Bonus especially on the OTC market... what's the point? Silly at best! More but smaller piece of the same cake does not make the cake more valuable!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Back to top
 Report Abusive | Report SPAM
hisah
#11 Posted : Monday, August 08, 2011 9:46:57 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
VituVingiSana wrote:
Some of the comments here are so devoid of any common sense!

Family Bank plans a "Listing by Introduction" so what difference does it make WHEN it lists?

1) On a LBI the 'price' usually starts off at the level the OTC shares were trading. The price discovery is better than the OTC.

2) If the listing price is too high, the price will fall. The current shareholders do not become poorer since the shares are not worth the listing price.

3) If you think the Listing Price is too high, then SELL. If you think its too low then BUY. If you have shares but no cash to but then HOLD. If you need the cash, then whether you sell on the Board or OTC... you will sell at the price others will pay!

4) Oh, please what is this BS about Bonuses & Rights Issues? Family Bank does not need cash today so why do a Rights Issue? As for a Bonus especially on the OTC market... what's the point? Silly at best! More but smaller piece of the same cake does not make the cake more valuable!

Your comments of late are very interesting...

Are you sleeping well smile
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Back to top
 Report Abusive | Report SPAM
VituVingiSana
#12 Posted : Monday, August 08, 2011 10:35:22 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,223
Location: Nairobi
@hisah - Common sense is not so common...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Back to top
 Report Abusive | Report SPAM
Users browsing this topic
Guest (2)
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Wazua Investor Theme
Powered by YAF | YAF © 2003-2009, Yet Another Forum.NET
Copyright © 2025 Wazua.co.ke. All Rights Reserved.