wazua Mon, Mar 30, 2026
Welcome Guest Search | Active Topics | Log In

22 Pages«<1011121314>»
CIC by yaserbigchair
Options
Previous Topic · Next Topic
mwekez@ji
#111 Posted : Monday, July 30, 2012 7:18:03 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
"During the year, the bank increased its shareholding in CIC Insurance Group Limited to 26.5% continuing to be the single largest shareholder." Co-op Bank 2011 Annual Report excerpt
Back to top
  | | Edit by user: Monday, July 30, 2012 7:32 PM | Reason: Not specified
Hunderwear
#112 Posted : Monday, July 30, 2012 7:27:07 PM
Rank: Member

Joined: 4/14/2011
Posts: 639
Ericsson wrote:
@Hunderwear go back to class to learn basic mathematics;
CIS owns 75% of CIC.
Co-operative Bank owns 35.71% of CIS
35.71*0.75=26.78%.
25% of CIC insurance are the ones held by individual shareholders/available for trading.
In conclusion Co-operative bank owns 26.78% of CIC and not 35%



hii hisabati ilikuja na meli na its apparent I picked the wrong container.I already pointed it out.The list is in the IM
Back to top
  |
bird_man
#113 Posted : Tuesday, July 31, 2012 10:42:25 AM
Rank: Veteran

Joined: 11/2/2006
Posts: 1,206
Location: Nairobi
Price @ 5.2sh today! DD 1.1M Vs SS 54K
I swear the registrar (Coop Bank) is hoarding our share certificates to ensure they are not immobilized now!
Formally employed people often live their employers' dream & forget about their own.
Back to top
  |
hisah
#114 Posted : Tuesday, July 31, 2012 11:27:43 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
bird_man wrote:
Price @ 5.2sh today! DD 1.1M Vs SS 54K
I swear the registrar (Coop Bank) is hoarding our share certificates to ensure they are not immobilized now!

Wow! So you mean the registrar is deliberately slowing the immobilization process to create a demand glut?! I thought CDSC is involved in this process. Or are both parties working together?!

Day one saw the range band suggest 4 - 7 to be the guard bounds. I expect the price to seesaw within this range - market making 101...

Why don't you start a thread of about this immobilization stalling to see how many other wazuans are suffering like yourself... Use wazua power to your advantage... #Bigstick...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Back to top
  |
Kausha
#115 Posted : Tuesday, July 31, 2012 11:56:52 AM
Rank: Member

Joined: 2/8/2007
Posts: 808
Obviously it makes sense fro co-op registrars to hoard you certs. I thought part of CIC checklist as is standard procedure for every new listing before trading would have been to ensure all certificates whose owners wish them to be immobilized have been immobilized before the bell rings. What's going on is corruption and market manipulation of the highest order by some shareholders.

I also found it quite careless for CMA to allow CIC to have Co-op bank as a registrar yet out of the top 20 individual shareholders at CIC, 13 are either Co-operative Bank's Senior Directors, Senior Management or close relatives (proxies) of the above two sets of persons. Obviously there is no way this is arms length even assuming the highest levels of integrity of the above individuals. NSE is truly a viazi soko, there are very few rules at play..

Please Githae roll on Mugane for us...we need someone with good understanding and exposure of what a good functioning market should be like with all due respect to the other candidates!
Back to top
  |
e_kijana
#116 Posted : Tuesday, July 31, 2012 12:11:07 PM
Rank: Member

Joined: 1/17/2009
Posts: 55
Kausha wrote:
Obviously it makes sense fro co-op registrars to hoard you certs. I thought part of CIC checklist as is standard procedure for every new listing before trading would have been to ensure all certificates whose owners wish them to be immobilized have been immobilized before the bell rings. What's going on is corruption and market manipulation of the highest order by some shareholders.

I also found it quite careless for CMA to allow CIC to have Co-op bank as a registrar yet out of the top 20 individual shareholders at CIC, 13 are either Co-operative Bank's Senior Directors, Senior Management or close relatives (proxies) of the above two sets of persons. Obviously there is no way this is arms length even assuming the highest levels of integrity of the above individuals. NSE is truly a viazi soko, there are very few rules at play..

Please Githae roll on Mugane for us...we need someone with good understanding and exposure of what a good functioning market should be like with all due respect to the other candidates!


These are irresponsible accusations. Is there anyone on Wazua who can help us? someone should go with their certs and immobilize and advise us how much time it will take. It should normally take 5-10 working days so lets see if this is really the bottleneck.

I still think its because there are few shares available and Wazees dont want to immobilize and Management/Directors will not be selling
Back to top
  |
hisah
#117 Posted : Tuesday, July 31, 2012 12:12:50 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Kausha wrote:
Obviously it makes sense fro co-op registrars to hoard you certs. I thought part of CIC checklist as is standard procedure for every new listing before trading would have been to ensure all certificates whose owners wish them to be immobilized have been immobilized before the bell rings. What's going on is corruption and market manipulation of the highest order by some shareholders.

I also found it quite careless for CMA to allow CIC to have Co-op bank as a registrar yet out of the top 20 individual shareholders at CIC, 13 are either Co-operative Bank's Senior Directors, Senior Management or close relatives (proxies) of the above two sets of persons. Obviously there is no way this is arms length even assuming the highest levels of integrity of the above individuals. NSE is truly a viazi soko, there are very few rules at play..

Please Githae roll on Mugane for us...we need someone with good understanding and exposure of what a good functioning market should be like with all due respect to the other candidates!

WTH... Co-op is the registrar!? Now I see the manipulation clearly. Such a shame this...

So let's say someone wanted to sell on Day 1, that wanjiku is probably still trapped so many days later going by @bird_man's quote above despite submitting the certs days/weeks before listing!

CMA must be aware of this... Surely...!
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Back to top
  |
Liv
#118 Posted : Tuesday, July 31, 2012 4:17:30 PM
Rank: Veteran

Joined: 11/14/2006
Posts: 1,311
@Bird_man,
This share will behave like the Coop bank share. We tried to immobilize the certificates for a long time...when the share reached above shs 20. By the time this was completed.... the share price had started falling. then the market was flooded with supply.
Back to top
  |
hisah
#119 Posted : Tuesday, July 31, 2012 5:21:14 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Liv wrote:
@Bird_man,
This share will behave like the Coop bank share. We tried to immobilize the certificates for a long time...when the share reached above shs 20. By the time this was completed.... the share price had started falling. then the market was flooded with supply.

Coop took almost 2yrs to trade 20/- from listing price of 9.50. You want to say it took you 2yrs to immobilize the certs?!



$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Back to top
  |
Liv
#120 Posted : Tuesday, July 31, 2012 5:29:58 PM
Rank: Veteran

Joined: 11/14/2006
Posts: 1,311
hisah wrote:
Liv wrote:
@Bird_man,
This share will behave like the Coop bank share. We tried to immobilize the certificates for a long time...when the share reached above shs 20. By the time this was completed.... the share price had started falling. then the market was flooded with supply.

Coop took almost 2yrs to trade 20/- from listing price of 9.50. You want to say it took you 2yrs to immobilize the certs?!





@Hisa,
The interest to immobilize came when the share reached shs 15.00 - 18. You think of immobilizing and selling when you can make some good money.... not when the share has been listed.
Back to top
  |
22 Pages«<1011121314>»
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 © 2026 Wazua.co.ke. All Rights Reserved.