wazua Sat, Jan 18, 2025
Welcome Guest Search | Active Topics | Log In | Register

SCB Rights Issue Information memorandum
Options
Previous Topic · Next Topic
xxxxx
#1 Posted : Friday, September 28, 2012 1:15:13 PM
Rank: Member


Joined: 3/20/2008
Posts: 503
Back to top
 Report Abusive | Report SPAM
VituVingiSana
#2 Posted : Friday, September 28, 2012 2:11:01 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,129
Location: Nairobi
Minimal allocation. 1:13 & SCBK has 74% locked away. Huge opportunity cost.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Back to top
 Report Abusive | Report SPAM
King G
#3 Posted : Friday, September 28, 2012 2:50:40 PM
Rank: Elder


Joined: 6/20/2012
Posts: 3,855
Location: Othumo
This bank has been very conservative in its approach to banking business in Kenya. Good buy for risk averse guys
Thieves
Back to top
 Report Abusive | Report SPAM
chikonde
#4 Posted : Friday, September 28, 2012 3:59:33 PM
Rank: New-farer


Joined: 1/15/2010
Posts: 81
Is there a possibility that they will allocate the remaining 15million unissued shares in case of an oversubscription, I wonder? The AGM authorised them to issue up to 37 million shares via Rights. They have admitted in the IM that their shares are pretty illiquid and this would be one way of redressing that situation. Guess it will also depend on whether they want the extra cash.
Back to top
 Report Abusive | Report SPAM
xxxxx
#5 Posted : Wednesday, November 14, 2012 9:56:56 AM
Rank: Member


Joined: 3/20/2008
Posts: 503
chikonde wrote:
Is there a possibility that they will allocate the remaining 15million unissued shares in case of an oversubscription, I wonder? The AGM authorised them to issue up to 37 million shares via Rights. They have admitted in the IM that their shares are pretty illiquid and this would be one way of redressing that situation. Guess it will also depend on whether they want the extra cash.



Given the 158% subscription rate, what is the allocation criteria???? Any announcement???
Back to top
 Report Abusive | Report SPAM
chikonde
#6 Posted : Wednesday, November 14, 2012 10:18:48 AM
Rank: New-farer


Joined: 1/15/2010
Posts: 81
Yes, announcement appears in today's Nation. For additional shares applied for up to 500, all allocated. Above that at 2.235% of balance. Better allocation procedure than NIC.
Back to top
 Report Abusive | Report SPAM
xxxxx
#7 Posted : Wednesday, November 14, 2012 10:32:09 AM
Rank: Member


Joined: 3/20/2008
Posts: 503
chikonde wrote:
Yes, announcement appears in today's Nation. For additional shares applied for up to 500, all allocated. Above that at 2.235% of balance. Better allocation procedure than NIC.


asante
Back to top
 Report Abusive | Report SPAM
VituVingiSana
#8 Posted : Wednesday, November 14, 2012 11:08:03 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,129
Location: Nairobi
chikonde wrote:
Yes, announcement appears in today's Nation. For additional shares applied for up to 500, all allocated. Above that at 2.235% of balance. Better allocation procedure than NIC.
NIC's allocation was just plain shady. It was designed to benefit the ndegwa's entities but without being upfront about it. They even slipped in a favor from Minister of Finance (githae) to increase it to 35% without saying anything in the IM or via the NSE
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Back to top
 Report Abusive | Report SPAM | Edit by user: Wednesday, November 14, 2012 11:09 PM | Reason: Not specified
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.