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muthurimugi
#1 Posted : Wednesday, January 09, 2013 1:33:08 PM
Rank: New-farer


Joined: 12/1/2010
Posts: 9
Location: Nairobi
SMEP offered 145,454,546 shares for sale at Sh11 each, but sold only 24,241,717 shares, a paltry 16.7 per cent.

They should've done a better valuation

http://www.businessdaily.../-/sjqjoyz/-/index.html

d'oh! Laughing out loudly d'oh! Shame on you
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youcan'tstopusnow
#2 Posted : Wednesday, January 09, 2013 1:45:03 PM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Maybe they expected the 'faithful' to 'support' them regardless...
GOD BLESS YOUR LIFE
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dunkang
#3 Posted : Wednesday, January 09, 2013 2:47:07 PM
Rank: Elder


Joined: 6/2/2011
Posts: 4,818
Location: -1.2107, 36.8831
What? That is a major flop.So, what happens next.
Receive with simplicity everything that happens to you.” ― Rashi

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mkonomtupu
#4 Posted : Wednesday, January 09, 2013 3:10:56 PM
Rank: Veteran


Joined: 2/10/2010
Posts: 1,001
Location: River Road
if you come asking for cash to set up modern multimillion head office, the market will ignore you especially when you overvalue yourself, mix church and business
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ProverB
#5 Posted : Wednesday, January 09, 2013 4:51:41 PM
Rank: Veteran


Joined: 3/12/2010
Posts: 1,199
Location: Eastlander
muthurimugi wrote:
SMEP offered 145,454,546 shares for sale at Sh11 each, but sold only 24,241,717 shares, a paltry 16.7 per cent.

They should've done a better valuation

http://www.businessdaily.../-/sjqjoyz/-/index.html

d'oh! Laughing out loudly d'oh! Shame on you



Their approach was wrong from the start...but they realised so tooo damn late and could not withdraw. Competing with Saccos to mop up liquidity in the middle class requires better strategy.

..i actually feel sorry for SMEP-DTM Sad
..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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jerry
#6 Posted : Wednesday, January 09, 2013 5:02:54 PM
Rank: Elder


Joined: 9/29/2006
Posts: 2,570
dunkang wrote:
What? That is a major flop.So, what happens next.

We expect bonus shares before further public issues.
The opposite of courage is not cowardice, it's conformity.
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King G
#7 Posted : Wednesday, January 09, 2013 7:13:55 PM
Rank: Elder


Joined: 6/20/2012
Posts: 3,855
Location: Othumo
.... and the funny restrictions of you have to open an account with them to buy the shares, surely. that put me off completely. dont have time for that.

who were the transaction advisors and why did they get somebody to underwrite the whole or part thereof of the offer ammount
Thieves
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mlennyma
#8 Posted : Wednesday, January 09, 2013 8:51:38 PM
Rank: Elder


Joined: 7/21/2010
Posts: 6,184
Location: nairobi
They got some money for chai na mandazi...men of the cloth.
"Don't let the fear of losing be greater than the excitement of winning."
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maka
#9 Posted : Thursday, January 10, 2013 12:04:20 AM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
King G wrote:
.... and the funny restrictions of you have to open an account with them to buy the shares, surely. that put me off completely. dont have time for that.

who were the transaction advisors and why did they get somebody to underwrite the whole or part thereof of the offer ammount

...who for heavens sake would want to underwrite such an issue?
possunt quia posse videntur
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