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Housing Finance: HFCK a diamond in the rough
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mwekez@ji
#1201 Posted : Wednesday, March 25, 2015 10:03:42 PM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
mwekez@ji wrote:
Damn! The offer received Kes. 9.01B against the target of Kes. 3.5B (257% subscription rate) http://www.businessdailyafrica....92/-/60drwt/-/index.html


The allocation criteria will not favor those who bought few rights then applied for a bucket load of additional rights

The untaken rights will be allocated on a pro rata basis to eligible shareholders who have applied for additional shares according to their rights entitlement
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Angelica _ann
#1202 Posted : Wednesday, March 25, 2015 10:05:39 PM
Rank: Elder


Joined: 12/7/2012
Posts: 11,908
mwekez@ji wrote:
Damn! The offer received Kes. 9.01B against the target of Kes. 3.5B (257% subscription rate) http://www.businessdailyafrica....92/-/60drwt/-/index.html

Refunds galore on the way!!!
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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mlennyma
#1203 Posted : Wednesday, March 25, 2015 10:13:11 PM
Rank: Elder


Joined: 7/21/2010
Posts: 6,183
Location: nairobi
mwekez@ji wrote:
Damn! The offer received Kes. 9.01B against the target of Kes. 3.5B (257% subscription rate) http://www.businessdailyafrica....92/-/60drwt/-/index.html

"Don't let the fear of losing be greater than the excitement of winning."
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mlennyma
#1204 Posted : Wednesday, March 25, 2015 10:16:53 PM
Rank: Elder


Joined: 7/21/2010
Posts: 6,183
Location: nairobi
mwekez@ji wrote:
Damn! The offer received Kes. 9.01B against the target of Kes. 3.5B (257% subscription rate) http://www.businessdailyafrica....92/-/60drwt/-/index.html

I hate pples mind set,if they have all this money why cant they buy other shares in the market????
"Don't let the fear of losing be greater than the excitement of winning."
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TheGeek
#1205 Posted : Wednesday, March 25, 2015 10:29:27 PM
Rank: Member


Joined: 7/3/2014
Posts: 245
mlennyma wrote:
mwekez@ji wrote:
Damn! The offer received Kes. 9.01B against the target of Kes. 3.5B (257% subscription rate) http://www.businessdailyafrica....92/-/60drwt/-/index.html

I hate pples mind set,if they have all this money why cant they buy other shares in the market????


Few bargains for speculators in the market.
In the world of securities, courage and patience become the supreme virtues after adequate knowledge and a tested judgment are at hand.
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MaichBlack
#1206 Posted : Wednesday, March 25, 2015 10:30:12 PM
Rank: Elder


Joined: 7/22/2009
Posts: 7,460
Sad Sad Sad Sad Sad Sad
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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MaichBlack
#1207 Posted : Wednesday, March 25, 2015 10:44:01 PM
Rank: Elder


Joined: 7/22/2009
Posts: 7,460
mwekez@ji wrote:
mwekez@ji wrote:
Damn! The offer received Kes. 9.01B against the target of Kes. 3.5B (257% subscription rate) http://www.businessdailyafrica....92/-/60drwt/-/index.html


The allocation criteria will not favor those who bought few rights then applied for a bucket load of additional rights

The untaken rights will be allocated on a pro rata basis to eligible shareholders who have applied for additional shares according to their rights entitlement

For those with a lot, more will be added.

According to their memorandum, there will be two levels of pro rata basis.

1) Allocation depending on number of shares HELD.

2) (If any shares remain from 1) Allocation depending on number of shares APPLIED for.

I would have preferred 2 above because I applied for a truck load. Way more than I was entitled to.

(1) is fair if we are to be honest though. It rewards existing share holders with truck loads of shares. It is easier for them to add more than for a shareholder with less.
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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mlennyma
#1208 Posted : Wednesday, March 25, 2015 10:49:22 PM
Rank: Elder


Joined: 7/21/2010
Posts: 6,183
Location: nairobi
my mind has shifted from here,bring back my money.hawa watu wauziwe kengen by force
"Don't let the fear of losing be greater than the excitement of winning."
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MaichBlack
#1209 Posted : Wednesday, March 25, 2015 10:54:31 PM
Rank: Elder


Joined: 7/22/2009
Posts: 7,460
mlennyma wrote:
my mind has shifted from here,bring back my money.hawa watu wauziwe kengen by force

Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly

Na zile Home Africa walikataa kununua!!
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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mlennyma
#1210 Posted : Wednesday, March 25, 2015 11:04:02 PM
Rank: Elder


Joined: 7/21/2010
Posts: 6,183
Location: nairobi
The share will now go back to 45-50 range since speculation will be very minimal
"Don't let the fear of losing be greater than the excitement of winning."
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Angelica _ann
#1211 Posted : Wednesday, March 25, 2015 11:10:13 PM
Rank: Elder


Joined: 12/7/2012
Posts: 11,908
mlennyma wrote:
my mind has shifted from here,bring back my money.hawa watu wauziwe kengen by force

Wanunue KK which is a 1/3 of price of HFCK rights.
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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Pesa Nane
#1212 Posted : Wednesday, March 25, 2015 11:11:12 PM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
Relax good people. Forget the cloud, focus on the silver lining!!

Secure your seat belts, nice people. Ksh. 6 BiRRion is coming back to jostle for the same share. May the ride begin! smile
Pesa Nane plans to be shilingi when he grows up.
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Boris Boyka
#1213 Posted : Wednesday, March 25, 2015 11:23:44 PM
Rank: Veteran


Joined: 11/15/2013
Posts: 1,977
Location: Here
Angelica _ann wrote:
mlennyma wrote:
my mind has shifted from here,bring back my money.hawa watu wauziwe kengen by force

Wanunue KK which is a 1/3 of price of HFCK rights.

Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly. hate speech!
Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Aguytrying
#1214 Posted : Thursday, March 26, 2015 9:06:56 AM
Rank: Elder


Joined: 7/11/2010
Posts: 5,040
I didn't expect this. kumbe this bus is So popular. The liquidity in the market is high.
The investor's chief problem - and even his worst enemy - is likely to be himself
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Pesa Nane
#1215 Posted : Thursday, March 26, 2015 9:23:14 AM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
Takeup of entitlement = 98,264,464 shares (84%) Everyone gets their entitlement share

Untaken rights = available for additional allocation = 18,402,203 shares ONLY
Application for Additional Shares = 202,130,100 = 11 times over smile

Pesa Nane plans to be shilingi when he grows up.
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Ericsson
#1216 Posted : Thursday, March 26, 2015 9:42:21 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,702
Location: NAIROBI
What material effect in the untaken rights does this portray.
Did Britam increase its shareholding by subscribing for more than the allocated shares
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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mlennyma
#1217 Posted : Thursday, March 26, 2015 9:44:41 AM
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Joined: 7/21/2010
Posts: 6,183
Location: nairobi
Aguytrying wrote:
I didn't expect this. kumbe this bus is So popular. The liquidity in the market is high.

there is no money shortage, its just a question of what are you selling.
"Don't let the fear of losing be greater than the excitement of winning."
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VituVingiSana
#1218 Posted : Thursday, March 26, 2015 9:48:45 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,121
Location: Nairobi
Ericsson wrote:
What material effect in the untaken rights does this portray.
Did Britam increase its shareholding by subscribing for more than the allocated shares

Probably. The question is did Britam get an exemption from the CS Finance? Well, even if they did not, they can get one backdated. Political connections go straight to the top.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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bird_man
#1219 Posted : Tuesday, March 31, 2015 11:44:37 PM
Rank: Veteran


Joined: 11/2/2006
Posts: 1,206
Location: Nairobi
McKinsey & Company now at HFCK.
Formally employed people often live their employers' dream & forget about their own.
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Mainat
#1220 Posted : Wednesday, April 01, 2015 6:16:55 AM
Rank: Veteran


Joined: 11/21/2006
Posts: 1,590
McKinsey probably take half the cost saving in their fees
Sehemu ndio nyumba
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