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National Bank - Rights Issue
georgegop
#51 Posted : Monday, May 12, 2014 7:38:34 AM
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Joined: 8/30/2010
Posts: 183
Location: Migingo
Treasury to earn Sh4.5bn from National Bank debt settlement
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sparkly
#52 Posted : Monday, May 12, 2014 7:57:37 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi


My gut tells me that this Rights issue will be a flop. How many shareholders will contribute money to pay off the same gov that wasted the bank? If GOK and NSSF commit to the rights, then i will gladly buy post rights.
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hisah
#53 Posted : Monday, May 12, 2014 9:47:06 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
sparkly wrote:


My gut tells me that this Rights issue will be a flop. How many shareholders will contribute money to pay off the same gov that wasted the bank? If GOK and NSSF commit to the rights, then i will gladly buy post rights.

If rights issue does succeed and the pref shares are wiped off the book, NBK will be a buy target.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Gadaffi
#54 Posted : Friday, May 16, 2014 3:17:10 PM
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Joined: 2/13/2011
Posts: 284
Location: Nairobi
Team NBK mko wapi..th share has bin on an upward trend of late na bado results za H1. Leo iko 33.5
murchr
#55 Posted : Sunday, May 31, 2015 3:45:29 AM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
the EastAfrican wrote:
Kenya’s Treasury has deleted from its revised budget estimates a provision for Ksh5 billion ($51 million) it would have made from selling its rights in National Bank of Kenya and Mumias Sugar Company, a move that could delay plans by the two firms to raise additional capital.

The government had initially opted not to take up additional shares in the bank and sugar miller, and factored the Ksh5 billion ($51 million) it would have made as a result of the decision into financing part of the budget deficit estimated at Ksh566.95 billion ($5.78 billion) in the 2015/2016 fiscal year.
"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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instinct
#56 Posted : Sunday, May 31, 2015 10:56:40 AM
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Joined: 8/17/2007
Posts: 294
it could also mean they intend to take up the rights?
xxxxx
#57 Posted : Monday, June 01, 2015 7:23:00 AM
Rank: Member

Joined: 3/20/2008
Posts: 503
instinct wrote:
it could also mean they intend to take up the rights?


In fact this is what was reported in December.See story below http://www.businessdaily...4/-/5osxtiz/-/index.html
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