Wazua
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uchumi rights issue
Rank: Veteran Joined: 2/10/2010 Posts: 1,001 Location: River Road
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Any link to IM for the rights issue?
I have seen from the financial statements the value of the two pieces of land were valued at 2.2 billion so Mr. Market is being irrational. Borrowings is about 50% of the value of the properties.
The only issue is with the liquidity but I have seen from the AGM notice that they intend to start issuing bonus issues instead of paying out cash dividends. It seems they replaced the company secretary as well.
Second opinion anyone?
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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 Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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 Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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 Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
|
 Pesa Nane plans to be shilingi when he grows up.
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Rank: Veteran Joined: 2/10/2010 Posts: 1,001 Location: River Road
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Good stuff complimenting what Ciano lacks
@Pesa nane barikiwa for your regular market updates
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Wazua
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uchumi rights issue
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