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UAP Group set to enter OTC shares market
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maka
#61 Posted : Wednesday, January 07, 2015 10:48:16 PM
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smile kching ching...
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Ericsson
#62 Posted : Thursday, January 08, 2015 11:19:00 AM
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UAP reduces stake in Centum;
http://www.businessdaily...4/-/hddvfmz/-/index.html
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maka
#63 Posted : Thursday, January 08, 2015 11:56:58 AM
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[quote=Ericsson]UAP reduces stake in Centum;
http://www.businessdaily.../-/hddvfmz/-/index.html[/quote]

Something in the pipeline watch this space...
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Ericsson
#64 Posted : Thursday, January 08, 2015 10:23:54 PM
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Chris Kirubi has sold his entire 9.5% stake in UAP to Old Mutual Group.
Centum will also be disposing off the 13.7% stake it holds in UAP Group holdings to Old Mutual.
Old Mutual Group will then hold a 23.3% stake in UAP
http://www.nation.co.ke/...76/-/98l7j7/-/index.html
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jerry
#65 Posted : Thursday, January 08, 2015 11:57:48 PM
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maka wrote:
[quote=Ericsson]UAP reduces stake in Centum;
http://www.businessdaily.../-/hddvfmz/-/index.html[/quote]

Something in the pipeline watch this space...

and UAP is now valued at 140/= a share!
The opposite of courage is not cowardice, it's conformity.
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Ericsson
#66 Posted : Friday, January 09, 2015 8:23:28 AM
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Centum has run out of cash to finance their projects and have reached debt ceiling so now they are selling stakes here and there to raise money.
hence there is nothing spectacular about this transaction.
Old Mutual meanwhile are loaded with alot of cash from the pension schemes money and individual pension schemes money.
Wealth is built through a relatively simple equation
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streetwise
#67 Posted : Friday, January 09, 2015 8:28:33 AM
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May be my eye Centum is Chris and Chris is Centum. What is in there for any other investor
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Mart_Consult
#68 Posted : Friday, January 09, 2015 9:16:59 AM
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Ericsson wrote:
Centum has run out of cash to finance their projects and have reached debt ceiling so now they are selling stakes here and there to raise money.
hence there is nothing spectacular about this transaction.
Old Mutual meanwhile are loaded with a lot of cash from the pension schemes money and individual pension schemes money.


I doubt it...Centum owns Genesis, an asset Management firm, same way Old Mutual has asset management funds...

There's something else cooking...wait for further announcements in the coming months if they materialize...
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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Ericsson
#69 Posted : Friday, January 09, 2015 10:11:39 AM
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@Mart_Consult
The genesis money can't be used by Centum for the projects they are undertaking otherwise it will bring war with Retirement Benefits Authority.They only benefit through the commission fees and share of profits.
Old Mutual also has an insurance division and is a diversified financial services group with a cash rich parent compared to Centum.
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Mart_Consult
#70 Posted : Friday, January 09, 2015 11:00:24 AM
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Ericsson wrote:
@Mart_Consult
The genesis money can't be used by Centum for the projects they are undertaking otherwise it will bring war with Retirement Benefits Authority.They only benefit through the commission fees and share of profits.
Old Mutual also has an insurance division and is a diversified financial services group with a cash rich parent compared to Centum.


Fair enough.

Enter Nabo Capital...

Old Mutual though seems to be aggressively acquiring equity in Kenyan firms...including the purchase of Safaricom shares (among largest institutional shareholders currently)

Centum is a college kid while Old Mutual is an experienced adult..both hustle but you can't compare the two...
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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Ericsson
#71 Posted : Friday, January 09, 2015 11:36:23 AM
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Old Mutual may be planning to do a reverse merger of its insurance business (Old Mutual Life) with UAP then acquire additional shares in UAP.
That one I don't rule out.The stake they will own in UAP will be significant for such a move
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Forester
#72 Posted : Friday, January 09, 2015 12:51:25 PM
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From reliable sources, 2014 was a TOUGH year for UAP. Could be reason why Centum cashed out, maybe future outlook doesn't look all rosy.
Build your own dreams, or someone else will hire you to build theirs - Farrah Gray.
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mv_ufanisi
#73 Posted : Saturday, January 10, 2015 11:32:36 PM
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UAP is valued at about 170/- per share based on the transaction reported by Centum. 1.1 Billion Rand paid in Cash by Old Mutual for 23.3% with 211 million shares.
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jerry
#74 Posted : Sunday, January 11, 2015 10:19:57 AM
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mv_ufanisi wrote:
UAP is valued at about 170/- per share based on the transaction reported by Centum. 1.1 Billion Rand paid in Cash by Old Mutual for 23.3% with 211 million shares.

1 SA Rand is worth KSh 7.8704. 1.1 Billion Rand is 1.1*1000*7.8704 million KES divided by 211 million gives 41.03 shillings per share. What I'm I missing?
The opposite of courage is not cowardice, it's conformity.
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Mainat
#75 Posted : Sunday, January 11, 2015 11:03:44 AM
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A Maths class?

jerry wrote:
mv_ufanisi wrote:
UAP is valued at about 170/- per share based on the transaction reported by Centum. 1.1 Billion Rand paid in Cash by Old Mutual for 23.3% with 211 million shares.

1 SA Rand is worth KSh 7.8704. 1.1 Billion Rand is 1.1*1000*7.8704 million KES divided by 211 million gives 41.03 shillings per share. What I'm I missing?

Sehemu ndio nyumba
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uchumi
#76 Posted : Sunday, January 11, 2015 11:16:46 AM
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211 million shares is the total shared issued.old mutual only bought about 23% of the 211m:
“I don’t regret the things I’ve done, I regret the things I didn’t do when I had the chance.”
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jerry
#77 Posted : Sunday, January 11, 2015 11:42:27 AM
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uchumi wrote:
211 million shares is the total shared issued.old mutual only bought about 23% of the 211m:

Thanks. So the statement "1.1 billion paid in cash by Old Mutual for 23.3% with 211 million shares." becomes "1.1 billion paid in Cash by Old Mutual for 23.3% of 211million shares."
The opposite of courage is not cowardice, it's conformity.
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jerry
#78 Posted : Sunday, January 11, 2015 11:55:46 AM
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Mainat wrote:
A Maths class?

jerry wrote:
mv_ufanisi wrote:
UAP is valued at about 170/- per share based on the transaction reported by Centum. 1.1 Billion Rand paid in Cash by Old Mutual for 23.3% with 211 million shares.

1 SA Rand is worth KSh 7.8704. 1.1 Billion Rand is 1.1*1000*7.8704 million KES divided by 211 million gives 41.03 shillings per share. What I'm I missing?


I'm now getting 176/= after the above ammendment of "23.3% of 211 million shares." valued at 1.1 billion Rand. This is surely about 170/=.
The opposite of courage is not cowardice, it's conformity.
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uchumi
#79 Posted : Sunday, January 11, 2015 12:34:51 PM
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that is reasonable
“I don’t regret the things I’ve done, I regret the things I didn’t do when I had the chance.”
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jerry
#80 Posted : Sunday, January 11, 2015 12:40:43 PM
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This is also worth noting:
"The transaction is priced at an
undisclosed premium on UAP’s
current price of Sh140 per share
on the over-the-counter (OTC)
market.
With its 211 million issued shares,
UAP is valued at about Sh29.5
billion going by the OTC price."
source:
http://www.businessdaily...2/-/xr2tpmz/-/index.html
The opposite of courage is not cowardice, it's conformity.
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