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CRDB Bank Tanzania to cross list in NSE
MjasriaMali
#1 Posted : Tuesday, May 13, 2014 11:38:42 AM
Rank: New-farer


Joined: 3/19/2014
Posts: 17
This Bank is doing well in Tanzania. Its peers are the like of Equity Bank in Kenya and its shares currently trading at DSE @ 17 KES equivalent.
Chaka
#2 Posted : Tuesday, May 13, 2014 2:17:34 PM
Rank: Elder


Joined: 2/16/2007
Posts: 2,114
MjasriaMali wrote:
This Bank is doing well in Tanzania. Its peers are the like of Equity Bank in Kenya and its shares currently trading at DSE @ 17 KES equivalent.

What of the dividend policy?
hooverrl
#3 Posted : Tuesday, May 13, 2014 8:25:42 PM
Rank: Member


Joined: 9/9/2006
Posts: 52
Location: USA
It has paid out between 30-35% of earnings the past two years. The share is yielding about 4.4% on the DSE.
murchr
#4 Posted : Wednesday, May 14, 2014 4:30:24 AM
Rank: Elder


Joined: 2/26/2012
Posts: 15,980
@hooverrl do u have any more details about the bank. Who has any other info about that other bank from TZ that was to list at the NSE?
"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
.
ngapat
#5 Posted : Wednesday, May 14, 2014 6:29:36 AM
Rank: Member


Joined: 12/11/2006
Posts: 884
In tz bank stocks, I can only buy Nmb bank
“Invest in yourself. Your career is the engine of your wealth.”
guru267
#6 Posted : Wednesday, May 14, 2014 8:22:18 AM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Crosslustings seem to be a waste of time!

Umeme has only done one trade ever since crosslisting on NSE as trading runs smoothly on the USE... Bure kabisa!
Mark 12:29
Deuteronomy 4:16
aemathenge
#7 Posted : Wednesday, May 14, 2014 10:10:35 AM
Rank: Elder


Joined: 10/18/2008
Posts: 3,434
Location: Kerugoya
guru267 wrote:
Crosslustings seem to be a waste of time!

Umeme has only done one trade ever since crosslisting on NSE as trading runs smoothly on the USE... Bure kabisa!

What?

Has this account been hacked?
hooverrl
#8 Posted : Wednesday, May 14, 2014 8:23:24 PM
Rank: Member


Joined: 9/9/2006
Posts: 52
Location: USA
murchr wrote:
@hooverrl do u have any more details about the bank.


Hi Murchr,

I wrote a short article on it a couple months ago that gives a little background:

How to Profit From Tanzania's Quiet Rise

And here's a link to their most recent results:

CRDB Bank Final Results 2013

They're doing some interesting things with agency banking (via the national postal service) and look to expand in Burundi.

Ryan

crosslusting (n.): an attractively priced, but prohibitively illiquid, cross-listed share smile
murchr
#9 Posted : Wednesday, May 14, 2014 9:17:08 PM
Rank: Elder


Joined: 2/26/2012
Posts: 15,980
Thanks Ryan
"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
.
xxxxx
#10 Posted : Thursday, May 15, 2014 8:11:12 AM
Rank: Member


Joined: 3/20/2008
Posts: 503
guru267 wrote:
Crosslustings seem to be a waste of time!

Umeme has only done one trade ever since crosslisting on NSE as trading runs smoothly on the USE... Bure kabisa!


This is about to change BIG TIME.Applause Applause
Goldilocks Reloaded
#11 Posted : Thursday, May 15, 2014 8:52:58 AM
Rank: Member


Joined: 1/14/2014
Posts: 178
xxxxx wrote:
guru267 wrote:
Crosslustings seem to be a waste of time!

Umeme has only done one trade ever since crosslisting on NSE as trading runs smoothly on the USE... Bure kabisa!


This is about to change BIG TIME.Applause Applause


How? Will CRDB have different trading rules? Please fafanua.
Go for a business that any idiot can run – because sooner or later, any idiot is probably going to run it – Peter Lynch
mwekez@ji
#12 Posted : Thursday, May 15, 2014 9:12:20 AM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
Do DSE and USE have blogging sites?
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