wazua Thu, Jan 23, 2025
Welcome Guest Search | Active Topics | Log In | Register

5 Pages«<2345>
I&M Bank to buy GIRO Bank
enyands
#61 Posted : Saturday, July 02, 2016 9:48:56 PM
Rank: Elder


Joined: 12/25/2014
Posts: 2,300
Location: kenya
VituVingiSana wrote:
The Great wrote:
Why do we have so many rights issues?

Some firms have stupid or greedy advisors. On one hand I&M is paying almost 1.6bn in dividends and then raising 750mn from a Rights Issue. What a waste of money.



Dividends is meant to make the choir members keep singing. If you deny choir members dividends they will stop singing songs .
VituVingiSana
#62 Posted : Saturday, July 02, 2016 10:12:41 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,131
Location: Nairobi
enyands wrote:
VituVingiSana wrote:
The Great wrote:
Why do we have so many rights issues?

Some firms have stupid or greedy advisors. On one hand I&M is paying almost 1.6bn in dividends and then raising 750mn from a Rights Issue. What a waste of money.


Dividends is meant to make the choir members keep singing. If you deny choir members dividends they will stop singing songs .
Have a Scrip Dividend [which is also a waste of money in fees, etc] or reduce the dividend or freeze the dividend.

I&M increased the dividend from 2.90 to 3.90 when it could have frozen it at 2.90 for 2 years while explaining to shareholders the need to retain the 1/- for 'expansion' ... Not paying 1/- over 2 years = 800mn without paying lawyers, printers, CMA, NSE, brokers, etc additional fees for a small Rights Issue.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
enyands
#63 Posted : Saturday, July 02, 2016 10:31:39 PM
Rank: Elder


Joined: 12/25/2014
Posts: 2,300
Location: kenya
VituVingiSana wrote:
enyands wrote:
VituVingiSana wrote:
The Great wrote:
Why do we have so many rights issues?

Some firms have stupid or greedy advisors. On one hand I&M is paying almost 1.6bn in dividends and then raising 750mn from a Rights Issue. What a waste of money.


Dividends is meant to make the choir members keep singing. If you deny choir members dividends they will stop singing songs .
Have a Scrip Dividend [which is also a waste of money in fees, etc] or reduce the dividend or freeze the dividend.

I&M increased the dividend from 2.90 to 3.90 when it could have frozen it at 2.90 for 2 years while explaining to shareholders the need to retain the 1/- for 'expansion' ... Not paying 1/- over 2 years = 800mn without paying lawyers, printers, CMA, NSE, brokers, etc additional fees for a small Rights Issue.


Makes alot of sense . Give choir members a little dividends and promise them at the end of the contest they will get more. Unless the need for rights came after dividends were issued out.
VituVingiSana
#64 Posted : Saturday, July 02, 2016 10:49:33 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,131
Location: Nairobi
enyands wrote:
VituVingiSana wrote:
enyands wrote:
VituVingiSana wrote:
The Great wrote:
Why do we have so many rights issues?

Some firms have stupid or greedy advisors. On one hand I&M is paying almost 1.6bn in dividends and then raising 750mn from a Rights Issue. What a waste of money.


Dividends is meant to make the choir members keep singing. If you deny choir members dividends they will stop singing songs .
Have a Scrip Dividend [which is also a waste of money in fees, etc] or reduce the dividend or freeze the dividend.

I&M increased the dividend from 2.90 to 3.90 when it could have frozen it at 2.90 for 2 years while explaining to shareholders the need to retain the 1/- for 'expansion' ... Not paying 1/- over 2 years = 800mn without paying lawyers, printers, CMA, NSE, brokers, etc additional fees for a small Rights Issue.


Makes alot of sense . Give choir members a little dividends and promise them at the end of the contest they will get more. Unless the need for rights came after dividends were issued out.

The Giro Acquisition has been on the books for 12+ months. They knew they would pay out cash [2.5bn]. They knew that things were getting tight as IBL collapsed. Then there was the economic slowdown we felt in late 2015. Even GoK borrowed at 20% on T-Bills in Sep 2015. I think there was a failure of foresight by the Board when increasing the dividend and then asking for a (smallish) Rights Issue.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
mwekez@ji
#65 Posted : Saturday, July 02, 2016 11:08:21 PM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
VituVingiSana wrote:

Some firms have stupid or greedy advisors. On one hand I&M is paying almost 1.6bn in dividends and then raising 750mn from a Rights Issue. What a waste of money.


Thats the face value. Now load the premium, 75B,
VituVingiSana
#66 Posted : Saturday, July 02, 2016 11:34:02 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,131
Location: Nairobi
mwekez@ji wrote:
VituVingiSana wrote:

Some firms have stupid or greedy advisors. On one hand I&M is paying almost 1.6bn in dividends and then raising 750mn from a Rights Issue. What a waste of money.


Thats the face value. Now load the premium, 75B,

Post #53 Item 3
Rights Issue for KES 750mn
Shares to DFI for 600mn
ESOP for 150mn

Raising 75bn would be a Rights for almost 2:1 which would be destined for failure under the current circumstances/market.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
mwekez@ji
#67 Posted : Sunday, July 03, 2016 12:01:10 AM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
VituVingiSana wrote:
mwekez@ji wrote:
VituVingiSana wrote:

Some firms have stupid or greedy advisors. On one hand I&M is paying almost 1.6bn in dividends and then raising 750mn from a Rights Issue. What a waste of money.


Thats the face value. Now load the premium, 75B,

Post #53 Item 3
Rights Issue for KES 750mn
Shares to DFI for 600mn
ESOP for 150mn

Raising 75bn would be a Rights for almost 2:1 which would be destined for failure under the current circumstances/market.


Those are face value. Recheck the numbers e.g. 750M shares of Kes. 1 each is Kes. 750M. The shares will be issued at a premium. The rights issues wont be a single transaction and wont be within a short time
Ericsson
#68 Posted : Sunday, July 03, 2016 12:56:34 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,702
Location: NAIROBI
@VVS
I feel you.You had high hopes with this counter and thought they would be different and then they come with a bogus rights issue. Their rights issue could even be worse than kcb in terms of level of dilution
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
VituVingiSana
#69 Posted : Sunday, July 03, 2016 1:08:24 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,131
Location: Nairobi
mwekez@ji wrote:
VituVingiSana wrote:
mwekez@ji wrote:
VituVingiSana wrote:

Some firms have stupid or greedy advisors. On one hand I&M is paying almost 1.6bn in dividends and then raising 750mn from a Rights Issue. What a waste of money.


Thats the face value. Now load the premium, 75B,

Post #53 Item 3
Rights Issue for KES 750mn
Shares to DFI for 600mn
ESOP for 150mn

Raising 75bn would be a Rights for almost 2:1 which would be destined for failure under the current circumstances/market.


Those are face value. Recheck the numbers e.g. 750M shares of Kes. 1 each is Kes. 750M. The shares will be issued at a premium. The rights issues wont be a single transaction and wont be within a short time

@Mwekezaji - I give up. There's just so much one can ask someone to read. Don't worry about it anymore.
@Ericsson - If you read post #53 Item 3, it talks of a maximum KES 1.5bn capital [cash not shares] raise & then breaks it down to 3 'categories' of which existing shareholders would have to come up with KES 750mn. As far as the increase in authorized share capital, that's a different beast. It can't be a Rights Issue as much as the foundation for an acquisition, merger or Strategic Investor.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Aguytrying
#70 Posted : Sunday, July 03, 2016 2:38:36 AM
Rank: Elder


Joined: 7/11/2010
Posts: 5,040
VituVingiSana wrote:
mwekez@ji wrote:
VituVingiSana wrote:
mwekez@ji wrote:
VituVingiSana wrote:

Some firms have stupid or greedy advisors. On one hand I&M is paying almost 1.6bn in dividends and then raising 750mn from a Rights Issue. What a waste of money.


Thats the face value. Now load the premium, 75B,

Post #53 Item 3
Rights Issue for KES 750mn
Shares to DFI for 600mn
ESOP for 150mn

Raising 75bn would be a Rights for almost 2:1 which would be destined for failure under the current circumstances/market.


Those are face value. Recheck the numbers e.g. 750M shares of Kes. 1 each is Kes. 750M. The shares will be issued at a premium. The rights issues wont be a single transaction and wont be within a short time

@Mwekezaji - I give up. There's just so much one can ask someone to read. Don't worry about it anymore.
@Ericsson - If you read post #53 Item 3, it talks of a maximum KES 1.5bn capital [cash not shares] raise & then breaks it down to 3 'categories' of which existing shareholders would have to come up with KES 750mn. As far as the increase in authorized share capital, that's a different beast. It can't be a Rights Issue as much as the foundation for an acquisition, merger or Strategic Investor.


It's in black and white. 750m Kshs from rights issue. Surely just read it's there
The investor's chief problem - and even his worst enemy - is likely to be himself
VituVingiSana
#71 Posted : Sunday, July 03, 2016 8:03:05 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,131
Location: Nairobi
@AGuy - That's why WB is so successful. The info is out there... Folks choose not to read what's there. Kusoma ni kazi ngumu.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Sober
#72 Posted : Monday, August 08, 2016 8:40:15 AM
Rank: Elder


Joined: 11/27/2007
Posts: 3,604
We have a new shareholder snuggling their way to the top of the list at I and M bank. How will the price react today?

http://www.businessdaily...35486-9osdg6z/index.html
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
VituVingiSana
#73 Posted : Monday, August 08, 2016 8:48:42 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,131
Location: Nairobi
[quote=Sober]We have a new shareholder snuggling their way to the top of the list at I and M bank. How will the price react today?

http://www.businessdaily...5486-9osdg6z/index.html[/quote]

It was there in B&W in the IM. CDC is buying out DEG & PROPARCO. Private Transfer.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Sober
#74 Posted : Sunday, September 25, 2016 11:56:49 PM
Rank: Elder


Joined: 11/27/2007
Posts: 3,604
http://www.businessdaily.../539550-3394556-1gbixqz/
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
Pesa Nane
#75 Posted : Tuesday, October 04, 2016 3:05:10 PM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
Not really the thread but....
Pesa Nane plans to be shilingi when he grows up.
Ericsson
#76 Posted : Tuesday, October 04, 2016 3:17:09 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,702
Location: NAIROBI
Bank account for ARM will now move to I&M now that they have a controlling stake in the cement manufacturer
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
VituVingiSana
#77 Posted : Tuesday, October 04, 2016 5:04:25 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,131
Location: Nairobi
Ericsson wrote:
Bank account for ARM will now move to I&M now that they have a controlling stake in the cement manufacturer
I doubt BUT that would be a-awesome! Applause Applause Applause Transaction fees. Forex. I hope the I&M guys are whispering in CDC's ears to have ARM do just that!
On the other hand, I hope I&M sticks to using Bamburi and don't switch to ARM cement for their new HQ.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Pesa Nane
#78 Posted : Friday, February 17, 2017 3:03:09 PM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
Finally
Pesa Nane plans to be shilingi when he grows up.
twesha13
#79 Posted : Friday, February 17, 2017 4:12:03 PM
Rank: New-farer


Joined: 10/30/2016
Posts: 39
Location: nairobi
Pesa Nane wrote:
Finally

Does this have any positive impact on the share?
where a woman rules, rivers run uphill!
obiero
#80 Posted : Friday, February 17, 2017 4:46:16 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,564
Location: nairobi
twesha13 wrote:
Pesa Nane wrote:
Finally

Does this have any positive impact on the share?

When you discover that you are riding a dead horse, the best strategy is to dismount, bury the horse and get a living one.

." However, in government and corporate Africa, more advanced strategies are often employed, such as:

1. Buying a stronger whip.

2. Changing riders....

3. Appointing a committee to study the horse.

4. Arranging to visit other countries to see how other cultures ride dead horses.

5. Lowering the standards so that the dead horse can be included.

6. Reclassifying the dead horse as 'living impaired.'

7. Hiring outside contractors to ride the dead horse.

8. Harnessing several dead horses together to increase speed.

9. Providing additional funding and training to increase dead horse's performance.

10. Doing a productivity study to see if lighter riders would improve the dead horse's performance.

11. Declaring that as the dead horse does not have to be fed, it is less costly, carries lower overheads and therefore contributes substantially more to the bottom line of the economy than do some other horses.

12. Rewriting the expected performance requirements for all horses.

And, of course,

13. Buying the dead horse to oversee it in a supervisory position

COOP 70,000 ABP 15.20; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
Users browsing this topic
Guest (8)
5 Pages«<2345>
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Copyright © 2025 Wazua.co.ke. All Rights Reserved.