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NIC 1:4 rights issue - sh21 per share
Rank: Member Joined: 11/6/2010 Posts: 289
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@kIRTI what was ur Entitlement? it means you got about 27.6% of the 5k you applied for...of interest is ur Entitlement
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Rank: Member Joined: 11/6/2010 Posts: 289
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KIRTI wrote:I have applied for 5000 addition share & got 1363 addition share. in wazua we believe in facts and where did you get that info.. yet Electronic crediting of CDS accounts Friday, October 19th, 2012according to the IM
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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youcan'tstopusnow wrote:guru267 wrote:youcan'tstopusnow wrote:Or I got what you were saying horribly wrong?
More like this mate.. Guys are talking about allocation of ADDITIONAL rights applied for! Oh. Okay then if that's the case. Though it was always going to be an oversubscription and chances of one getting the full ADDITIONAL shares applied for was not guaranteed. Once you applied for additional shares, you were 'flying blind.' That being said, the failure to state the criteria of allocating the additional shares applied in the IM, plus the Ndegwas application (subsequently withdrawn) for increasing stake beyond the legal limit, must have left a sour taste in investors mouths... looks like the main motivation of the dominant shareholders was to avoid dilution at all costs. Life is short. Live passionately.
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Rank: Chief Joined: 1/3/2007 Posts: 18,129 Location: Nairobi
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sparkly wrote:youcan'tstopusnow wrote:guru267 wrote:youcan'tstopusnow wrote:Or I got what you were saying horribly wrong?
More like this mate.. Guys are talking about allocation of ADDITIONAL rights applied for! Oh. Okay then if that's the case. Though it was always going to be an oversubscription and chances of one getting the full ADDITIONAL shares applied for was not guaranteed. Once you applied for additional shares, you were 'flying blind.' That being said, the failure to state the criteria of allocating the additional shares applied in the IM, plus the Ndegwas application (subsequently withdrawn) for increasing stake beyond the legal limit, must have left a sour taste in investors mouths... looks like the main motivation of the dominant shareholders was to avoid dilution at all costs. There would be no dilution if they took up all their Rights. It was a way of increasing their stake indirectly. I do not believe the ndegwas own only 24.9% but have other 'related' shareholders. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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VituVingiSana wrote:sparkly wrote:youcan'tstopusnow wrote:guru267 wrote:youcan'tstopusnow wrote:Or I got what you were saying horribly wrong?
More like this mate.. Guys are talking about allocation of ADDITIONAL rights applied for! Oh. Okay then if that's the case. Though it was always going to be an oversubscription and chances of one getting the full ADDITIONAL shares applied for was not guaranteed. Once you applied for additional shares, you were 'flying blind.' That being said, the failure to state the criteria of allocating the additional shares applied in the IM, plus the Ndegwas application (subsequently withdrawn) for increasing stake beyond the legal limit, must have left a sour taste in investors mouths... looks like the main motivation of the dominant shareholders was to avoid dilution at all costs. There would be no dilution if they took up all their Rights. It was a way of increasing their stake indirectly. I do not believe the ndegwas own only 24.9% but have other 'related' shareholders. dilution relative to other shareholders, since the Ndegwas are not taking additional rights. Life is short. Live passionately.
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Rank: Member Joined: 8/17/2010 Posts: 116
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gesowan wrote:KIRTI wrote:I have applied for 5000 addition share & got 1363 addition share. in wazua we believe in facts and where did you get that info.. yet Electronic crediting of CDS accounts Friday, October 19th, 2012according to the IM I got info from my stock broker. They got the list of allocation. I have applied for 5000 Additional Share & got 1363 additional share
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Rank: Elder Joined: 7/21/2010 Posts: 6,184 Location: nairobi
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Massive creation of odd lots. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Veteran Joined: 2/10/2010 Posts: 1,001 Location: River Road
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why are wazuans complaining about allocations yet this share was selling at book value early this year...you should have picked your bucketful then so let the dominant shareholders enjoy the fruits of patience
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Rank: Member Joined: 11/6/2010 Posts: 289
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KIRTI wrote:gesowan wrote:KIRTI wrote:I have applied for 5000 addition share & got 1363 addition share. in wazua we believe in facts and where did you get that info.. yet Electronic crediting of CDS accounts Friday, October 19th, 2012according to the IM I got info from my stock broker. They got the list of allocation. I have applied for 5000 Additional Share & got 1363 additional share what is of interest to us is not the extra you applied but what u had in other words did you also have 5000 and then you applied for an extra 5000...or if u had some 4000 and then applied 5000 ,so that the allocation is n the extra rigts you applied...wazuans will be smilling to the bank and have a drink on me this friday
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Rank: Member Joined: 11/6/2010 Posts: 289
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gesowan wrote:KIRTI wrote:gesowan wrote:KIRTI wrote:I have applied for 5000 addition share & got 1363 addition share. in wazua we believe in facts and where did you get that info.. yet Electronic crediting of CDS accounts Friday, October 19th, 2012according to the IM I got info from my stock broker. They got the list of allocation. I have applied for 5000 Additional Share & got 1363 additional share what is of interest to us is not the extra you applied but what u had in other words did you also have 5000 and then you applied for an extra 5000...or if u had some 4000 and then applied 5000 ,so that the allocation is n the extra rigts you applied...wazuans will be smilling to the bank and have a drink on me this friday
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Rank: Chief Joined: 1/3/2007 Posts: 18,129 Location: Nairobi
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It seems there is a lot of confusion around the NIC allocation. Something is brewing in the background but not sure what though will it matter Kenya ako na wenyewe! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 11/6/2010 Posts: 289
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any news on crediting the CDSC??
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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VituVingiSana wrote:It seems there is a lot of confusion around the NIC allocation. Something is brewing in the background but not sure what though will it matter Kenya ako na wenyewe! @VVS i assure you that nothing is brewing! Nothing except maybe your outlandish theories!!  Mark 12:29
Deuteronomy 4:16
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Rank: Member Joined: 12/2/2006 Posts: 42
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I did not have any NIC share and I bought 26 rights and apllied for 10,000 additional shares. What will be my allocation.
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Rank: Chief Joined: 1/3/2007 Posts: 18,129 Location: Nairobi
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guru267 wrote:VituVingiSana wrote:It seems there is a lot of confusion around the NIC allocation. Something is brewing in the background but not sure what though will it matter Kenya ako na wenyewe! @VVS i assure you that nothing is brewing! Nothing except maybe your outlandish theories!! Please don't blab your ignorance here. How can you assure us? Do you work for CMA? NSE? NIC? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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VituVingiSana wrote:guru267 wrote:VituVingiSana wrote:It seems there is a lot of confusion around the NIC allocation. Something is brewing in the background but not sure what though will it matter Kenya ako na wenyewe! @VVS i assure you that nothing is brewing! Nothing except maybe your outlandish theories!! Please don't blab your ignorance here. How can you assure us? Do you work for CMA? NSE? NIC? Maybe i do.. Maybe i don't!! But i can assure you there is NOTHING BREWING at NiC! Maybe it is the lack of exposure but NIC is not the first and won't be the last to have sketchy details.. I just don't understand why you are insisting on reading more into it  Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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charming soul wrote:I did not have any NIC share and I bought 26 rights and apllied for 10,000 additional shares. What will be my allocation. from what i hear, you will be lucky to get 6 extra shares Life is short. Live passionately.
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Rank: Member Joined: 11/6/2010 Posts: 289
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get ur facts right...you got nothing,CDSC accouts arleady uploaded
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Rank: Elder Joined: 9/12/2006 Posts: 1,554
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And indeed it appears something was brewing NIC sues broker, share custodian over client fraud http://www.businessdaily...88/-/bhev39/-/index.html
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NIC 1:4 rights issue - sh21 per share
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