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CIC by yaserbigchair
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Hunderwear
#91 Posted : Sunday, July 29, 2012 6:16:44 PM
Rank: Member

Joined: 4/14/2011
Posts: 639
bartum wrote:
i think saccos will be free to sell as from dec 2013


Quoting from IM

Lock-Ups
The Principal Shareholder Cooperative Insurance Society Limited with a strategic shareholding of 75% is
committed to the long term viability of the Company and undertakes not to off load any of its shareholding in the
company for the next five years after the listing.
Directors and Senior Management have provided an undertaking not to off-load 35% of their current shareholding
for the next 24 months after the listing. An undertaking to this effect has been disclosed at the end of this
information memorandum.

More specifically 74.98% is locked for the next 2 years and 74.30% for the next 5 yrs.Imeelewekwa lakini?
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bartum
#92 Posted : Sunday, July 29, 2012 6:35:06 PM
Rank: Veteran

Joined: 8/11/2010
Posts: 1,011
Location: nairobi
the shareholding of directors and senior manaagement is not included in the 74.98%.it is on the individual shareholding.
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bartum
#93 Posted : Sunday, July 29, 2012 6:54:44 PM
Rank: Veteran

Joined: 8/11/2010
Posts: 1,011
Location: nairobi
top four cic sinior management shareholders.
Gideon muriuki-ceo coop bank 79m shares.
Nelson kuria -GCEO cic 12shares.
Peter mwaura MD cic asset mgmt 11m shares.
David Ronoh MD cic life assurance 6m shares.
Its only the MD cic general insurance who is not among the top 10 shareholders excluding cooperative societies
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PKoli
#94 Posted : Sunday, July 29, 2012 10:28:28 PM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
bartum wrote:
top four cic sinior management shareholders.
Gideon muriuki-ceo coop bank 79m shares.
Nelson kuria -GCEO cic 12shares.
Peter mwaura MD cic asset mgmt 11m shares.
David Ronoh MD cic life assurance 6m shares.
Its only the MD cic general insurance who is not among the top 10 shareholders excluding cooperative societies

@bartum, I think you own about 10M shares
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Aguytrying
#95 Posted : Monday, July 30, 2012 10:21:14 AM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
I like that management owns this company. N the coop ceo, could this turn out like coop bank shares turned for him? If so, a sweet ride is almost guaranteed.
The investor's chief problem - and even his worst enemy - is likely to be himself
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bartum
#96 Posted : Monday, July 30, 2012 10:36:10 AM
Rank: Veteran

Joined: 8/11/2010
Posts: 1,011
Location: nairobi
PKoli wrote:
bartum wrote:
top four cic sinior management shareholders.
Gideon muriuki-ceo coop bank 79m shares.
Nelson kuria -GCEO cic 12shares.
Peter mwaura MD cic asset mgmt 11m shares.
David Ronoh MD cic life assurance 6m shares.
Its only the MD cic general insurance who is not among the top 10 shareholders excluding cooperative societies

@bartum, I think you own about 10M shares

@pkoli,woow,i wish ingekuwa hiyo but still i thank God for what i have.
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bartum
#97 Posted : Monday, July 30, 2012 10:41:57 AM
Rank: Veteran

Joined: 8/11/2010
Posts: 1,011
Location: nairobi
PKoli wrote:
bartum wrote:
top four cic sinior management shareholders.
Gideon muriuki-ceo coop bank 79m shares.
Nelson kuria -GCEO cic 12shares.
Peter mwaura MD cic asset mgmt 11m shares.
David Ronoh MD cic life assurance 6m shares.
Its only the MD cic general insurance who is not among the top 10 shareholders excluding cooperative societies

@bartum, I think you own about 10M shares

@pkoli,woow,i wish ingekuwa hiyo but still i thank God for what i have.
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bird_man
#98 Posted : Monday, July 30, 2012 11:04:38 AM
Rank: Veteran

Joined: 11/2/2006
Posts: 1,206
Location: Nairobi
Price 4.95sh....DD 1.2M Vs SS 236K shares.
My share certificate still taking long to be immobilized.Is this a deliberate move to further reduce supply?
Formally employed people often live their employers' dream & forget about their own.
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e_kijana
#99 Posted : Monday, July 30, 2012 11:31:03 AM
Rank: Member

Joined: 1/17/2009
Posts: 55
bird_man wrote:
Price 4.95sh....DD 1.2M Vs SS 236K shares.
My share certificate still taking long to be immobilized.Is this a deliberate move to further reduce supply?


LOL - It is CDSC that manages the immobilization once shares have been verified to be yours... so I doubt it:)
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  | | Edit by user: Monday, July 30, 2012 11:32 AM | Reason: Not specified
Hunderwear
#100 Posted : Monday, July 30, 2012 11:42:40 AM
Rank: Member

Joined: 4/14/2011
Posts: 639
e_kijana wrote:
bird_man wrote:
Price 4.95sh....DD 1.2M Vs SS 236K shares.
My share certificate still taking long to be immobilized.Is this a deliberate move to further reduce supply?


LOL - It is CDSC that manages the immobilization once shares have been verified to be yours... so I doubt it:)


Dont rule it out.Share registrars are coop bank and all they do is keep the certificates once they are handed over to them by the brokers.Anyway me dont think that is the case most people arent willing to sell it as most are wazees.As I said earlier entry point was 4 bob at least for now
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