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Ndegwa family to raise NIC stake from 25% to 35% after under subscription
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youcan'tstopusnow
#51 Posted : Saturday, September 29, 2012 5:29:25 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
As we await the rights outcome for NIC, it's well worth noting that DTB has held up quite well after its own RI. Its up to 111. Rights were at 74. This reps 50 percent!

*Cue VVS to wax lyrical about AKFED*smile

Deservedly, I must add.
GOD BLESS YOUR LIFE
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  | | Edit by user: Saturday, September 29, 2012 5:31 PM | Reason: Not specified
guru267
#52 Posted : Saturday, September 29, 2012 7:23:14 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
youcan'tstopusnow wrote:
it's well worth noting that DTB has held up quite well after its own RI. Its up to 111. Rights were at 74. This reps 50 percent!


JUB owns 10% of DTB.. they mustve made a killing on the rights and additional shares!!
Mark 12:29
Deuteronomy 4:16
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VituVingiSana
#53 Posted : Saturday, September 29, 2012 10:28:32 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
youcan'tstopusnow wrote:
As we await the rights outcome for NIC, it's well worth noting that DTB has held up quite well after its own RI. Its up to 111. Rights were at 74. This reps 50 percent!

*Cue VVS to wax lyrical about AKFED*smile

Deservedly, I must add.
Applause Applause Applause
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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gesowan
#54 Posted : Wednesday, October 10, 2012 3:16:44 PM
Rank: Member

Joined: 11/6/2010
Posts: 289
NIC Bank’s rights issue has been oversubscribed by 238 per cent, managing to attract Sh7 billion in offers against the Sh2 billion it had sought.
http://www.businessdaily.../-/qpl8c4z/-/index.html

Githae should tell us if they will still get to 35%
and what is the formula to allocate the shares...
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  | | Edit by user: Wednesday, October 10, 2012 3:23 PM | Reason: Not specified
VituVingiSana
#55 Posted : Wednesday, October 10, 2012 6:06:22 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
gesowan wrote:
NIC Bank’s rights issue has been oversubscribed by 238 per cent, managing to attract Sh7 billion in offers against the Sh2 billion it had sought.
http://www.businessdaily.../-/qpl8c4z/-/index.html

Githae should tell us if they will still get to 35%
and what is the formula to allocate the shares...

The allocation has not been announced. I figure it will be in the newspapers tomorrow. I wonder if the Ndegwas used their clout to get 35%. I think the Ndegwas called Ndungu who called Githae who told Muthuara that let the brothers increase it to 35%. It's all in-house. Tuko Pamoja.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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sparkly
#56 Posted : Wednesday, October 10, 2012 7:39:49 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
anyone who applied for 1,000 shares or less should be given a full allocation. Anything else is unacceptable!
Life is short. Live passionately.
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VituVingiSana
#57 Posted : Friday, October 12, 2012 10:44:03 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
Something funny was going on during the allocation process! Overnight changes. Have a look.

http://coldtusker.blogsp...ue-2012-shenanigans.html
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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