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Can current non shareholder in Stanchart participate in the rights issue? If so is this viable?
mwekez@ji
#11 Posted : Monday, October 15, 2012 11:49:11 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
Can current non shareholder in Stanchart participate in the rights issue?
Yes, by buying the rights from the market. currently trading at a premium of KES 65 meaning total purchase price will be KES 210 (65+145)

If so is this viable?
This counter is a HOLD. Not a BUY
erifloss
#12 Posted : Tuesday, October 16, 2012 11:36:30 AM
Rank: Member

Joined: 6/21/2010
Posts: 514
Location: Nairobi
@young has a valid point. We rely so much on the financial statements that are in most times cooked, @guru, i can tell you for a fact that a few of the 'big banks' hide/understate provisions. Our regulatory framework is yet to be on point, CBK relies heavily on banks' internal audits which at the highest level are normally played around with.
'They say money cannot buy me happiness but when i compare when i had none and now, i'm happier' Kevin O'leary
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