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Maendeleo Bank (Tz) IPO
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guru267
#11 Posted : Thursday, October 10, 2013 3:09:10 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
murchr wrote:
Started in 2013 500 customers in a country of 40+ M??? Bure


NIC UG started in July 2012 and has only 93 accounts and one branch to date....
Mark 12:29
Deuteronomy 4:16
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murchr
#12 Posted : Thursday, October 10, 2013 3:46:53 AM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
guru267 wrote:
murchr wrote:
Started in 2013 500 customers in a country of 40+ M??? Bure


NIC UG started in July 2012 and has only 93 accounts and one branch to date....


Kwani bankers out there don't hawk a/cs like KE..eish? But this TZ one started in one month ago and is already calling sheep for slaughter..who was asking for their books? Laughing out loudly
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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dunkang
#13 Posted : Thursday, October 10, 2013 4:32:12 AM
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
TZ? Sio leo kaka, tafadhali siku nyengine.

TZ's attitude towards commerce should worry any non-TZ investor.

How many firms are listed on the DSE by the way. 10? 20?
Receive with simplicity everything that happens to you.” ― Rashi

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wanyina
#14 Posted : Thursday, October 10, 2013 9:50:19 AM
Rank: Member

Joined: 4/1/2008
Posts: 141
Who is the local broker handling their IPO?.How is there prospectus anyone has seen it?
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mwekez@ji
#15 Posted : Saturday, October 12, 2013 3:57:30 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
Interesting how the chairperson starts his statement in the prospectus:

Dear Investor,

“Maendeleo Bank –Together in Progress”

“Thus says the LORD, your Redeemer, the Holy One of Israel: I am the LORD your God who teaches you to profit, who leads you in the way you should go,” (Isaiah 48:17).
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mwekez@ji
#16 Posted : Saturday, October 12, 2013 4:02:53 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
@wanyina, check out the prospectus at wazua@googlegroups.com
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mwekez@ji
#17 Posted : Saturday, October 12, 2013 5:55:02 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
Its a fair deal. Promoters are buying the shares at the same price with all other chaps and they have signed a 3 year lock-in period for all their shares (2.5M shares). Other shareholders have since bought 4.5M shares and so only 1M shares are currently up for grabs plus 1.2M green shoe shares. The investment however carrys the great risk of a start up and so risk rules are in full force.
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mpobiz
#18 Posted : Saturday, October 12, 2013 9:07:19 PM
Rank: Elder

Joined: 8/10/2010
Posts: 2,264
what do they use as collateral to acquire loans?
Is kikwete planning to issue title deeds?
Politics is just things to keep the people divided and foolish and put your trust in men and none of them can do nothing for you...
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mwekez@ji
#19 Posted : Sunday, October 13, 2013 9:07:20 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
mpobiz wrote:
what do they use as collateral to acquire loans?
Is kikwete planning to issue title deeds?


What are you talking about?

I know a number of companies in Tz who have mortgaged/charged their property as security to banks
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