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NIC Bank HY 2014 earnings up 9%
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guru267
#11 Posted : Thursday, July 24, 2014 6:26:05 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Why have they decided a bond issue then a rights issue a month later..

Me thinks it should be the other way around!
Mark 12:29
Deuteronomy 4:16
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Tall Order
#12 Posted : Thursday, July 24, 2014 7:38:27 AM
Rank: Member

Joined: 5/9/2014
Posts: 130
Location: Nairobi
Is that the way is gonna go, bond issue followed by a rights issue? Best of luck to them! Me too thinks it should be the other way round. We'll watch how this spans out in the coming months.
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kasibitta
#13 Posted : Thursday, July 24, 2014 9:31:37 AM
Rank: Member

Joined: 2/7/2014
Posts: 155
Why not float the bond and then maybe next year consider rights issue...two of those same year seems too much and worse of in an inverse mode
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VituVingiSana
#14 Posted : Sunday, July 27, 2014 4:03:19 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,356
Location: Nairobi
The NIC EGM was supposed to be on 29 July but that has been declared a holiday... So when has it been postponed to? Date, Time, Location?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Mart_Consult
#15 Posted : Sunday, July 27, 2014 5:53:38 PM
Rank: Member

Joined: 11/7/2013
Posts: 127
Location: Nairobi, Kenya
@VVS The EGM has been moved to Wednesday 6th August (also via Newspaper notice). Venue: KICC from 1100 Hours for the main purposes of authorising the rights issue...see you there!
I went into the (Ferry) industry knowing the same thing I knew with all other businesses I went into- Nothing. Then I built it from there. - Sheldon Adelson (Titans at the Table- Giants of Macau)
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VituVingiSana
#16 Posted : Monday, July 28, 2014 3:08:14 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,356
Location: Nairobi
The notice of EGM ... #2(ii) is very shady. It gives full control to the directors (appointed by the Ndegwas) to allocated the Untaken Shares/Rights to the Ndegwas.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Tall Order
#17 Posted : Monday, July 28, 2014 5:16:15 AM
Rank: Member

Joined: 5/9/2014
Posts: 130
Location: Nairobi
NIC Bank needs to tell us what they are aiming at. It's not just raising money here alone, because they can explore one of the options to raise money, either through a bond or a rights issue, while a bond raises money without diluting the share price, a rights may raise funds but also either dilute the price or not but may make the share liquid in trading.
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murchr
#18 Posted : Monday, July 28, 2014 6:31:30 AM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
Tall Order wrote:
NIC Bank needs to tell us what they are aiming at. It's not just raising money here alone, because they can explore one of the options to raise money, either through a bond or a rights issue, while a bond raises money without diluting the share price, a rights may raise funds but also either dilute the price or not but may make the share liquid in trading.


Isn't that what you'd want? Who wants illiquid shares?
"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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KIRTI
#19 Posted : Monday, July 28, 2014 10:15:28 AM
Rank: Member

Joined: 8/17/2010
Posts: 116
how NIC Share capital are gone up by 20% to 3,257,905k as on 30.06.2014 from 2,714,921k as on 31.03.2014. They have issued 10% Bonus Share.
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Pesa Nane
#20 Posted : Wednesday, November 19, 2014 12:56:09 PM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
Pesa Nane plans to be shilingi when he grows up.
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