15 + 21 = 36. As long as the new shares can sell at 37+. Sounds risky

the subscribtion rate may not be as high as DTB, the anchor investors are lower than DTB BUT, the incentive is the price, its really appealing, totally appealing.

But i believe the Ndegwa's have enough quid to prevent an undersubscription. This bank has been their pet in the banking sector investment and they want to prove their late dad never took them to school for nothing.

that is what i think is happening, yes of course rights should be trad-able, why not?

i like the way you are always in the know.

the bonus is a factor in the valuation of the rights.
at 15+21= 36. unless the nse takes of as a whole NIC was trading at around 35. so what gain is there to be had by buying rights, the share may struggle to get past 40 (unless nse takes off)

I they want the share that bad buy in the market for less than the rights+premium. at 34. Which can even be sold sooner incase things change

Its cleared the next day.

@Aguy, your bank must be giving you a concession clearing cycle of T+1. EFT we (without concession) get T+2 but TT we get same day

EFT takes T+2/3 while RTGS is T+0/1 ... all depends on the bank.

RTGS is Real Time Gross Settlement. Money is transmitted via CBK/SWIFT and settlement occurs on a real time/same day. My bank charges KES 500 for this service.

EFT is Electronic Funds Transfer. Money is transmitted via clearing house and settlement occurs in 2 days. My bank charges KES 300 for this service.

@mwekez@ji, I appreciate the response. Thanks.