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CIC Rights Issue
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hisah
#61 Posted : Friday, August 01, 2014 3:11:09 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Boris Boyka wrote:
josimar wrote:
This stock price is on a downward spiral ,should we still expect it to continue shifting downwards ?

Trading ex bonus this is expected. usichagae, sisi tuko hapa ndani ya bus,tunapiga lap (7.0-8.0) tukibeba.

Expected price behaviour when a counter goes exbonus.

Price a day before exbonus was 10.05. Expected bonus dilution is 20% so price projected to readjust downwards to 10.05 - (10.05 x 20%) = 8.00.

Let the discouting continue smile
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Wondergirl
#62 Posted : Friday, August 01, 2014 3:50:19 PM
Rank: Member


Joined: 9/12/2009
Posts: 312
hisah wrote:
Boris Boyka wrote:
josimar wrote:
This stock price is on a downward spiral ,should we still expect it to continue shifting downwards ?

Trading ex bonus this is expected. usichagae, sisi tuko hapa ndani ya bus,tunapiga lap (7.0-8.0) tukibeba.

Expected price behaviour when a counter goes exbonus.

Price a day before exbonus was 10.05. Expected bonus dilution is 20% so price projected to readjust downwards to 10.05 - (10.05 x 20%) = 8.00.

Let the discouting continue smile

smile @Hisah, wacha tu bonus ziwe uploaded, discounts nazo!!
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wannaberich
#63 Posted : Friday, August 01, 2014 4:41:44 PM
Rank: Member


Joined: 4/24/2014
Posts: 159
Location: Nairobi
hisah wrote:
wannaberich wrote:
hisah wrote:
jawgey wrote:
I have never traded a stock immediately after book closure for bonus. I need someone to tell me if I traded my shares on 1st August (books closure is on 31st July) do I have any guarantee that my bonus will reflect once cdsc posts them out to shareholders.. If not I definitely have the right to complain, right?

As long as you were still holding them on dday. Selling after dday won't make you miss out on getting your bonus loot smile


So to sell immediately after booksclosure is advicable yes?d'oh!

That depends on your goals. If for speculation and you got in at a lower entry you can cash out to grab your gains.


@ Chief got in at 8.45. I will wait
Money comes and goes. When you have it enjoy it.
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Ericsson
#64 Posted : Tuesday, September 16, 2014 12:57:23 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,702
Location: NAIROBI
Anyone with the information memorandum for the ksh.5 billion bond issue
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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shrewdinvestor
#65 Posted : Tuesday, September 16, 2014 1:09:32 PM
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Joined: 9/12/2014
Posts: 120
Location: Nyali
I read this:http://www.businessdailyafrica.com/CIC-Insurance-drops-rights-issue-for-corporate-bond/-/539552/2396542/-/10kcmes/-/index.html
Hope it will sort you out for the time being.
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Ericsson
#66 Posted : Tuesday, September 16, 2014 1:14:03 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,702
Location: NAIROBI
@shrewdinvestor Not really
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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shrewdinvestor
#67 Posted : Tuesday, September 16, 2014 1:55:53 PM
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Posts: 120
Location: Nyali
@Ericsson,keep searching,I know another wazuan will definitely sort you soon!
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shrewdinvestor
#68 Posted : Wednesday, September 17, 2014 4:22:02 AM
Rank: Member


Joined: 9/12/2014
Posts: 120
Location: Nyali
Ericsson wrote:
Anyone with the information memorandum for the ksh.5 billion bond issue

We need a wisecrack on this one.Where are the revered veterans of Wazua community?
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its2013
#69 Posted : Wednesday, September 17, 2014 11:06:25 AM
Rank: Member


Joined: 1/4/2013
Posts: 255
Is the rights issue still on or only the bonds issue is on? Or are they both on? (Is that even possible?) I've been searching but haven't found any conclusive information.
Pretty hurts
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shrewdinvestor
#70 Posted : Wednesday, September 17, 2014 11:10:43 AM
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Joined: 9/12/2014
Posts: 120
Location: Nyali
its2013 wrote:
Is the rights issue still on or only the bonds issue is on? Or are they both on? (Is that even possible?) I've been searching but haven't found any conclusive information.

Dropped the rights issue for a corporate bond to be issued in two stances of 3 and 2 billion respectively.
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its2013
#71 Posted : Wednesday, September 17, 2014 11:15:51 AM
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Joined: 1/4/2013
Posts: 255
I'll be on the look out for the information memorandum just as you @shrewdinvestor. I think a bonds issue would be better than a rights issue for the company.
Pretty hurts
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Ericsson
#72 Posted : Wednesday, September 17, 2014 11:29:16 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,702
Location: NAIROBI
@shrewdinvestor
Rights issue will be coming probably next year or the other year.They wanted to do an NIC style (bond and rights issue together) but couldn't because the SACCOs who are the majority shareholders weren't ready
Wealth is built through a relatively simple equation
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shrewdinvestor
#73 Posted : Wednesday, September 17, 2014 11:42:40 AM
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Joined: 9/12/2014
Posts: 120
Location: Nyali
its2013 wrote:
I'll be on the look out for the information memorandum just as you @shrewdinvestor. I think a bonds issue would be better than a rights issue for the company.

Definitely,a corporate bond is far much better and easier to execute than a rights issue.Me too will keep googling and making calls.As for now lets wait for a Wazuan elder/veteran to unravel the puzzle as we wait and see where this bull is taking usPray Pray
Quote:

Invest your money in foreign trade, and one of these days you will make a profit. 2 Put your investments in several places—many places even—because you never know what kind of bad luck you are going to have in this world.
Eccl 11:1-2
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shrewdinvestor
#74 Posted : Thursday, September 18, 2014 11:18:13 AM
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Joined: 9/12/2014
Posts: 120
Location: Nyali
shrewdinvestor wrote:
Ericsson wrote:
Anyone with the information memorandum for the ksh.5 billion bond issue

We need a wisecrack on this one.Where are the revered veterans of Wazua community?


Can someone please assist here?
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shrewdinvestor
#75 Posted : Thursday, September 18, 2014 10:39:12 PM
Rank: Member


Joined: 9/12/2014
Posts: 120
Location: Nyali
Ericsson wrote:
Anyone with the information memorandum for the ksh.5 billion bond issue

This contains a little bit on memorandum;http://www.businessdailyafrica.com/CIC-targets-Kajiado-and-Kiambu-properties-with-Sh1-7bn/-/539552/2457294/-/tktw8kz/-/index.html
However,the real memorandum is yet to be released.
Will keep my eyes and ears open.If you get anything,kindly share.
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Wondergirl
#76 Posted : Friday, September 19, 2014 10:20:57 AM
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Posts: 312
What is this thing on? Its high!!... Not that I'm complaining, I'm in it big time....
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shrewdinvestor
#77 Posted : Friday, September 19, 2014 10:28:31 AM
Rank: Member


Joined: 9/12/2014
Posts: 120
Location: Nyali
demand 2 million
supply 0
I hear this is just a scratch of the surface;there is more coming!I am in it BIG TIME too!My brokers were right!
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shrewdinvestor
#78 Posted : Friday, September 19, 2014 10:31:01 AM
Rank: Member


Joined: 9/12/2014
Posts: 120
Location: Nyali
Wondergirl wrote:
What is this thing on? Its high!!... Not that I'm complaining, I'm in it big time....

Just printed 10.30 very boldly...Applause Applause Applause Applause
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Ericsson
#79 Posted : Friday, September 19, 2014 2:06:30 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,702
Location: NAIROBI
Now with the increase in the authorised share and with the details of how they intend to use the money;
Investment in property will amount to Sh1.7 billion or roughly a third of the Sh5 billion the insurer is planning to raise.
Regional expansion will take up Sh1.3 billion,
Recapitalisation and other corporate activities Sh1.2 billion
An undisclosed medical project will use the balance of Sh800 million
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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its2013
#80 Posted : Friday, September 19, 2014 11:57:39 PM
Rank: Member


Joined: 1/4/2013
Posts: 255
The 800m could be a real estate venture with a medical association...
Pretty hurts
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