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Rank: Member Joined: 8/16/2012 Posts: 660
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Empire Microsystems to list on NSE first week of March BD wrote:In Summary
- The firm said after the listing it would go to the capital markets to raise funds for expansion.
- The debut will make it the first tech company to list on the GEMS and the fifth firm to list on the segment designed for small companies. BD wrote:Founder and chief executive James Mworia said since approvals had not been given by December, the IT firm has now decided to include audited results for 2014, which were not in the original information memorandum.
“Then we were working with projections for 2014. We are doing another information memorandum that has full-year results,” Mr Mworia told the Business Daily.
The firm said after the listing it would go to the capital markets to raise funds for expansion. “We will call for funding in the second quarter. We want to set up chargeable Wi-Fi starting with Nairobi County,” he said.
Mr Mworia said he could not give details on the amount the firm would be seeking because transaction advisers are still working on a capital raising programme.
Equity Investment Bank is the transaction adviser and co-sponsoring broker alongside ABC Capital.
OMK Advocates are the legal advisers while Njoroge Kibebe & Associates are the reporting accountants. The Central Depository and Settlement Corporation is the share registrar.
The debut will make it the first tech company to list on the GEMS and the fifth firm to list on the segment designed for small companies.
Live and learn; and don’t forget, nothing ventured, nothing gained.
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Business Daily wrote:
Kenya to have highest number of initial public offerings in East Africa
Listings by African-domiciled companies are currently planned in London and Frankfurt, and more are likely to emerge in the course of the year. Six cross-border IPOs are in the pipeline compared with one completed in 2014.
Data compiled by Thomson One, the data arm of Thomson Reuters, shows Sirrus Corporation, Flame Tree Group, New Kenya Co-operative Ltd, Comcraft Group and Mayfox Mining Company Ltd in Kenya could issue IPOs.
Forbes 2014 wrote:Kenyan multi-millionaire and manufacturing magnate Manu Chandaria, the chairman of Comcraft Group, an industrial conglomerate with interests in aluminum, steel, plastics and information technology, plans to list some subsidiaries of his conglomerate on a stock exchange.
Chandaria, speaking recently to Reuters, said that both the steel and aluminum businesses of the group could be listed within the next two or three years.
"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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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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Comcraft will not sell the firm at a discount but it is good to see them listing. One of the issues Mabati Rolling Mills has faced is high(er) cost of KES debt... Could an equity raise help reduce interest costs? Another benefit is the goodwill/profile/adverts as the competitors of MRM multiply... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 9/2/2010 Posts: 845
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Comcraft is huge. With an estimated $5B-$7B in annual group turnover, it is one of the (if not the) largest non-listed non-government businesses in Africa. All my friends are heathens, take it slow. Wait for them to ask you who you know. Please don't make any sudden moves.
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Rank: Elder Joined: 7/22/2009 Posts: 7,460
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innairobi wrote:Comcraft is huge. With an estimated $5B-$7B in annual group turnover, it is one of the (if not the) largest non-listed non-government businesses in Africa. I thought they want to list a subsidiary not Comcraft itself. Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Rank: Member Joined: 8/19/2014 Posts: 125
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I just wish Wananchi Group and Nakumatt would just list on the NSE soonest
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Rank: Member Joined: 9/2/2010 Posts: 845
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MaichBlack wrote:innairobi wrote:Comcraft is huge. With an estimated $5B-$7B in annual group turnover, it is one of the (if not the) largest non-listed non-government businesses in Africa. I thought they want to list a subsidiary not Comcraft itself. Correct. Was making the point that its a fairly large conglomerate with no peer in Eastern Africa. All my friends are heathens, take it slow. Wait for them to ask you who you know. Please don't make any sudden moves.
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Rank: Member Joined: 11/7/2013 Posts: 127 Location: Nairobi, Kenya
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murchr wrote:mawinder wrote:murchr wrote:Yes EA data handlers sounds legit, the numbers will tell. As for GK, hakuna pesa 100m is not serious money to be taken to the NSE, it will be oversubscribed 50 times and allocations will be minimal!!! I agree, some sharks should buy that equity that money is really kidogo but the business is good Whatever happened to its intended listing? Did the (Wazuan) dragons snap it up already??? Might consider upcoming Empire instead at this rate...  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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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Business Daily wrote:Nairobi Business Ventures (NBV), which operates a chain of shoe stores under the KShoe brand, plans to list on the small cap segment at the Nairobi bourse by way of introduction.
The shoe retailer is seeking regulatory approval to list on the Nairobi Securities Exchange’s (NSE) Growth Enterprise Market Segment (Gems) as a strategy to raise capital to open new outlets and venture into manufacturing of leather footwear and accessories. "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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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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I spoke to a gentleman who has been intimately involved in 'support' industry as relates to Listed Firms. His take is that with low(er) interest rates, many firms will NOT list because they can get the funds they need when they need the funds. IPOs raise money but these funds may sit around doing little thus diminishing ROE whereas loans (where returns exceed interest) can increase ROE. So why list? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Why list with the current CGT madness? $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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Cembe floor mill doing a public placement - yesterday papers. 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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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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Angelica _ann wrote:Cembe floor mill doing a public placement - yesterday papers. CMA says we stay AWAYThe investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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Thanks for the information. 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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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Medium-sized lender Chase Bank is to raise an additional Sh2.5 billion through a private placement to fund its fast-paced growth, the institution’s management has disclosed. The bank’s capital ratios have grown thin following rapid growth mainly from lending to small- and medium-sized enterprises. A private placement means the bank will get cash from investors invited privately and not from the general public."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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Rank: Elder Joined: 12/25/2014 Posts: 2,300 Location: kenya
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murchr wrote:Medium-sized lender Chase Bank is to raise an additional Sh2.5 billion through a private placement to fund its fast-paced growth, the institution’s management has disclosed.
The bank’s capital ratios have grown thin following rapid growth mainly from lending to small- and medium-sized enterprises.
A private placement means the bank will get cash from investors invited privately and not from the general public. my question is how can I become one of the few private investors who can be Invited privately . I want to be one of them
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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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enyands wrote:murchr wrote:Medium-sized lender Chase Bank is to raise an additional Sh2.5 billion through a private placement to fund its fast-paced growth, the institution’s management has disclosed.
The bank’s capital ratios have grown thin following rapid growth mainly from lending to small- and medium-sized enterprises.
A private placement means the bank will get cash from investors invited privately and not from the general public. my question is how can I become one of the few private investors who can be Invited privately . I want to be one of them I'm also interested to know how If Obiero did it, Who Am I?
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Rank: New-farer Joined: 8/26/2013 Posts: 29
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Swenani wrote:enyands wrote:murchr wrote:Medium-sized lender Chase Bank is to raise an additional Sh2.5 billion through a private placement to fund its fast-paced growth, the institution’s management has disclosed.
The bank’s capital ratios have grown thin following rapid growth mainly from lending to small- and medium-sized enterprises.
A private placement means the bank will get cash from investors invited privately and not from the general public. my question is how can I become one of the few private investors who can be Invited privately . I want to be one of them I'm also interested to know how These are those scenarios that remind you crystal clearly of the reality of 'cheddar talks while bull freakin walks
Life's for the living
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Rank: Member Joined: 1/4/2015 Posts: 153
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Genesis Analytics..Coming Soon..!! http://asokoinsight.com/...nt-public-offers-kenya/
Apparently brokers are given a few invites to hand out which they probably pass on to their biggest customers..that's one way of getting invited..your brokers..!! Dreams are not the thing you see in your sleep..it's the thing that doesn't let you sleep. - A.P.J. Abdul Kalam
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Business Daily wrote: Kenya’s second-largest supermarket chain, Tuskys, has made changes in its top management, appointing a non-family chief executive for the first time in its 25-year history.
The appointment of Daniel Githua, the chief executive of Speed Capital, removes the Kamau family – which founded the retail chain and has been running it – from operational control in favour of a professional manager. People familiar with the goings-on at the supermarket said the change of guard is the first step towards its listing on the Nairobi Securities Exchange (NSE) that is expected to happen within five years. "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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