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SMEP DTM Share offer - buy or not ?
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digitek1
#21 Posted : Friday, November 30, 2012 11:39:14 AM
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Joined: 2/3/2010
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Location: Kenya
SMEP has a guaranteed client base of its member churches
I may be wrong..but then I could be right
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ProverB
#22 Posted : Friday, November 30, 2012 12:22:34 PM
Rank: Veteran


Joined: 3/12/2010
Posts: 1,199
Location: Eastlander
2012 wrote:
Maumau wrote:
SMEP Share offer extended to 14th December 2012. Announcement on page 36 of the Daily Nation, 30th November.


Why?


There publicity was crap..and their staff on ground is totally pathetic..more eager to sell micro finance products than shares thus missing out terribly on the informed segment of the Church..investors in stocks. I met a couple over the last two weeks and had to step in and answer would be investors.. Sad

2. Most churches have been selling sacco memberships over last one year...making saccos a better investment in terms of returns plus loan products costs compared to micro finance as an investment...

3. Closed application means only customers and affiliate members can buy in...meaning smep is more eager to increase customers first and have those customers buy the shares through their accounts...thus the staff focussed mostly on micro finance products and not share sell..

..ill informed staff..to blame for extension.
..Let your light so shine before men, that they may see your good works, and glorify your Father which is in heaven...Matt5:16
- 1769 Oxford King James Bible 'Authorized Version
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mwekez@ji
#23 Posted : Saturday, December 01, 2012 12:27:44 PM
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Joined: 5/31/2011
Posts: 5,121
2012 wrote:
Maumau wrote:
SMEP Share offer extended to 14th December 2012. Announcement on page 36 of the Daily Nation, 30th November.


Why?


Coz they thought they would ride on the current wave of oversubscription in cash calls but that has not occurred to them. Now they have sought more time to preach the gospel of their potential (potential not backed by past deeds) and net some more fish. They have even began shenanigan of listing in NSE in 2015
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BGL
#24 Posted : Tuesday, January 08, 2013 2:11:52 AM
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Joined: 10/11/2009
Posts: 1,223
The share offer FLOPPED big time.
They only managed a subscription of 24,241,717 against a target of 145,454,546 shares which were on offer.
History will not remember you for your IQ. It will remember you for what you did. “Genius is 1 percent inspiration, 99 percent perspiration.” Thomas Edison
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hisah
#25 Posted : Tuesday, January 08, 2013 8:01:01 AM
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Joined: 8/4/2010
Posts: 8,977
BGL wrote:
The share offer FLOPPED big time.
They only managed a subscription of 24,241,717 against a target of 145,454,546 shares which were on offer.

16% subscription! What a flop. Is there any law/rule that states a successful subscription level? Poor participants. They should be refunded.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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mlennyma
#26 Posted : Tuesday, January 08, 2013 8:15:29 AM
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Men of the cloth...DECI
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mwekez@ji
#27 Posted : Wednesday, January 09, 2013 10:27:44 AM
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mwekez@ji
#28 Posted : Wednesday, January 09, 2013 10:34:41 AM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
hisah wrote:
BGL wrote:
The share offer FLOPPED big time.
They only managed a subscription of 24,241,717 against a target of 145,454,546 shares which were on offer.

16% subscription! What a flop. Is there any law/rule that states a successful subscription level? Poor participants. They should be refunded.


... and PCEA took circa half of those subscribed share. … a flop indeed
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