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Potential merger NIC + CBA
VituVingiSana
#101 Posted : Thursday, April 04, 2019 10:47:36 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,371
Location: Nairobi
NIC is part of the Wezesha Consortium.
As is CBA.
The merger is beginning to make sense.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
mwekez@ji
#102 Posted : Wednesday, April 10, 2019 8:23:52 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
https://www.businessdailyafrica....065016-b3sv44/index.html

Who has received the quoted circular?

The merged entity expected to list in July¿
mwekez@ji
#103 Posted : Thursday, April 11, 2019 11:29:12 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
Circular to shareholders ... Merged entity expected to list on 17th July 2019 ... Sooner than i thought Applause

https://www.nicgroup.com/wp-cont...up-PLC-Circular-2019.pdf
VituVingiSana
#104 Posted : Thursday, April 11, 2019 11:40:15 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,371
Location: Nairobi
mwekez@ji wrote:
Circular to shareholders ... Merged entity expected to list on 17th July 2019 ... Sooner than i thought Applause

https://www.nicgroup.com/wp-cont...up-PLC-Circular-2019.pdf
I hope they can get a Strategic Investor [not the Kenyattas or Ndegwas] who can pump in money for regional expansion + expertise. This would also provide us with a better idea as to intrinsic value.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
cyruskulei
#105 Posted : Thursday, April 11, 2019 11:51:48 AM
Rank: Member

Joined: 3/9/2010
Posts: 320
Location: kenya
VituVingiSana wrote:
mwekez@ji wrote:
Circular to shareholders ... Merged entity expected to list on 17th July 2019 ... Sooner than i thought Applause

https://www.nicgroup.com/wp-cont...up-PLC-Circular-2019.pdf
I hope they can get a Strategic Investor [not the Kenyattas or Ndegwas] who can pump in money for regional expansion + expertise. This would also provide us with a better idea as to intrinsic value.


I have learned today the full meaning of NIC - National Industrial Credit.

Now I know
Work hard at your job and you can make a living. Work hard on yourself and you can make a fortune.

Ericsson
#106 Posted : Thursday, April 11, 2019 11:52:36 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,819
Location: NAIROBI
cyruskulei wrote:
VituVingiSana wrote:
mwekez@ji wrote:
Circular to shareholders ... Merged entity expected to list on 17th July 2019 ... Sooner than i thought Applause

https://www.nicgroup.com/wp-cont...up-PLC-Circular-2019.pdf
I hope they can get a Strategic Investor [not the Kenyattas or Ndegwas] who can pump in money for regional expansion + expertise. This would also provide us with a better idea as to intrinsic value.


I have learned today the full meaning of NIC - National Industrial Credit.

Now I know

Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly
Ghosh
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
aemathenge
#107 Posted : Thursday, April 11, 2019 12:02:16 PM
Rank: Elder

Joined: 10/18/2008
Posts: 3,434
Location: Kerugoya
cyruskulei wrote:
VituVingiSana wrote:
mwekez@ji wrote:
Circular to shareholders ... Merged entity expected to list on 17th July 2019 ... Sooner than i thought Applause

https://www.nicgroup.com/wp-cont...up-PLC-Circular-2019.pdf
I hope they can get a Strategic Investor [not the Kenyattas or Ndegwas] who can pump in money for regional expansion + expertise. This would also provide us with a better idea as to intrinsic value.


I have learned today the full meaning of NIC - National Industrial Credit.

Now I know

Okay. Now, how about finding out what CBA stands for.
Ericsson
#108 Posted : Thursday, April 11, 2019 12:25:08 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,819
Location: NAIROBI
Coop bank will soon overtake them in terms of asset base
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
sparkly
#109 Posted : Thursday, April 11, 2019 2:04:19 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
mwekez@ji wrote:
Circular to shareholders ... Merged entity expected to list on 17th July 2019 ... Sooner than i thought Applause

https://www.nicgroup.com/wp-cont...up-PLC-Circular-2019.pdf


Reverse merger confirmed:

1. Banking business of NIC will be moved to CBA;
2. Some directors of NIC will resign;
3. The new combined entity wil be renamed. Directors of combined entity to have full discretion in the name.
Life is short. Live passionately.
Ebenyo
#110 Posted : Thursday, April 11, 2019 6:53:07 PM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,021
Location: Kitale
aemathenge wrote:
cyruskulei wrote:
VituVingiSana wrote:
mwekez@ji wrote:
Circular to shareholders ... Merged entity expected to list on 17th July 2019 ... Sooner than i thought Applause

https://www.nicgroup.com/wp-cont...up-PLC-Circular-2019.pdf
I hope they can get a Strategic Investor [not the Kenyattas or Ndegwas] who can pump in money for regional expansion + expertise. This would also provide us with a better idea as to intrinsic value.


I have learned today the full meaning of NIC - National Industrial Credit.

Now I know

Okay. Now, how about finding out what CBA stands for.



Commercial Bank of Africa
Towards the goal of financial freedom
31 Pages«<910111213>»
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