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trans-national bank rights issue
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bartum
#1 Posted : Tuesday, August 05, 2014 10:27:44 AM
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Location: nairobi
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dunkang
#2 Posted : Tuesday, August 05, 2014 11:23:41 AM
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Joined: 6/2/2011
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Location: -1.2107, 36.8831
Is it a "rights issue" or a "private placement". Or they are just the same thing?
Receive with simplicity everything that happens to you.” ― Rashi

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Angelica _ann
#3 Posted : Tuesday, August 05, 2014 12:34:15 PM
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Joined: 12/7/2012
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That is private placement by invitation!
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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kryptonite
#4 Posted : Tuesday, August 05, 2014 12:37:46 PM
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Location: Nairobi
Angelica _ann wrote:
That is private placement by invitation!


'By invitation' being the operative phrase here
The harder you work, the luckier you get
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dunkang
#5 Posted : Tuesday, August 05, 2014 12:45:02 PM
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Joined: 6/2/2011
Posts: 4,818
Location: -1.2107, 36.8831
Quote:
It currently has 17 branches and plans to open two new outlets by end of the year.

The small lender started off as Transnational Finance in 1984, a non-bank, deposit-taking institution that also provided hire purchase and other loans.

It established a separate fully-fledged bank in 1985 dubbed Trans National Bank Ltd. The two financial firms merged in 1996, and Transnational Finance ceased to exist.

Transnational’s ownership is associated with confidantes of former President Daniel arap Moi.

Sovereign Trust, a company associated with Joshua Kulei, a former aide to the ex-president, has 23.03 per cent shareholding in the lender.


When was Equity Bank started?

What have they been doing in 30 years?

Quote:

DIRECTORS
M. Cherwon --------- Chairman
P. Kemei
J. K. Kenduiwo
A. DeSimone*
H. Tororey
H. Cheserem (Mrs)
Sammy Lang’at ------- Chief Executive Officer
Receive with simplicity everything that happens to you.” ― Rashi

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VituVingiSana
#6 Posted : Wednesday, August 06, 2014 9:44:02 AM
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Joined: 1/3/2007
Posts: 18,121
Location: Nairobi
DIRECTORS
M. Cherwon --------- Chairman
P. Kemei
J. K. Kenduiwo
A. DeSimone*
H. Tororey
H. Cheserem (Mrs)
Sammy Lang’at ------- Chief Executive Officer

Need we ask whose bank this belongs to?
And A. DeSimone [of Kestrel] probably represents the Biwott family.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Goldilocks Reloaded
#7 Posted : Wednesday, August 06, 2014 11:02:45 AM
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Joined: 1/14/2014
Posts: 178
My advice, STAY AWAY. I have worked with a firm that is within the family of the firms owned by those guys and you just feel like Brick wall Brick wall Brick wall so I had to quit the job.


Go for a business that any idiot can run – because sooner or later, any idiot is probably going to run it – Peter Lynch
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