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Maendeleo Bank (Tz) IPO
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mwekez@ji
#1 Posted : Wednesday, October 09, 2013 9:25:57 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
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mwekez@ji
#2 Posted : Wednesday, October 09, 2013 9:31:48 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
> Price per share; TZS 500 (KES 27)
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mwekez@ji
#3 Posted : Wednesday, October 09, 2013 9:34:43 AM
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Joined: 5/31/2011
Posts: 5,121
> Offer opened mid-August and ends Tuesday 15th October 2013
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KulaRaha
#4 Posted : Wednesday, October 09, 2013 9:39:43 AM
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Joined: 7/26/2007
Posts: 6,514
Lets see what they allocate to foreigners.

Dont hold your breath.
Business opportunities are like buses,there's always another one coming
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  | | Edit by user: Wednesday, October 09, 2013 9:40 AM | Reason: Not specified
mwekez@ji
#5 Posted : Wednesday, October 09, 2013 9:43:16 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
Any link to the prospectus/information memorandum?
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mwekez@ji
#6 Posted : Wednesday, October 09, 2013 10:15:24 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
Maendeleo Bank started business as a regional bank in September 2013, and has so far managed to register 500 customers. The bank has one branch in Dar es Salaam. Maendeleo Bank expects to turn profitable in its third year of operations, growing by 169% in its fourth year. The bank will be listed on the enterprise growth segment of the DSE and will list on 21st October. (SIB)
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Rollins
#7 Posted : Wednesday, October 09, 2013 10:39:56 AM
Rank: Member

Joined: 3/23/2011
Posts: 503
mwekez@ji wrote:
Maendeleo Bank started business as a regional bank in September 2013, and has so far managed to register 500 customers. The bank has one branch in Dar es Salaam. Maendeleo Bank expects to turn profitable in its third year of operations, growing by 169% in its fourth year. The bank will be listed on the enterprise growth segment of the DSE and will list on 21st October. (SIB)


Now that the Bank will be competing with Roar, Equity et al. How do you think it will fair?
Even a BrOKeN clock is right twice a day
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mlennyma
#8 Posted : Wednesday, October 09, 2013 10:41:23 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
I will not associate myself with retrogressive tanzanians
"Don't let the fear of losing be greater than the excitement of winning."
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Rollins
#9 Posted : Wednesday, October 09, 2013 1:49:48 PM
Rank: Member

Joined: 3/23/2011
Posts: 503
mlennyma wrote:
I will not associate myself with retrogressive tanzanians


That's a retrogressive thought. They got a population bigger than ours. Think of the lorryloads of goods that cross to TZ from your beloved motherland. Let's just pray they will drop the conservative approach they treat 'waKenya' with..
Even a BrOKeN clock is right twice a day
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murchr
#10 Posted : Wednesday, October 09, 2013 3:07:29 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
mwekez@ji wrote:
Maendeleo Bank started business as a regional bank in September 2013, and has so far managed to register 500 customers. The bank has one branch in Dar es Salaam. Maendeleo Bank expects to turn profitable in its third year of operations, growing by 169% in its fourth year. The bank will be listed on the enterprise growth segment of the DSE and will list on 21st October. (SIB)


Started in 2013 500 customers in a country of 40+ M??? Bure
"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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