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Eddy
#331 Posted : Tuesday, January 17, 2012 6:03:19 PM
Rank: Member

Joined: 7/20/2006
Posts: 277

[/quote]
@heri. I hear you but I'm afraid we'll now have to wait for rights after listing. The issue at hand now is whether we shall be locked out of selling after listing by intro. [/quote]
Very unlikely of being locked out after all this is the reason they are floating it to determine the value at the bourse. My worry is that going this way will not realise the "windfall" i expected....(you know) like one share split 20 times at an ipo price of kshs 9 making a share worth kshs 180! wonder what price it was at OTC last though i remember someone looking for the shares at kshs 75 in wazua.
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e_kijana
#332 Posted : Tuesday, January 17, 2012 6:23:34 PM
Rank: Member

Joined: 1/17/2009
Posts: 55
Was way too undervalued on OTC at 85. In some of yesterdays press releases, revenue had grown from 4.5b to 6.75b(48% growth). Expect profit growth in the same lines. They even claimed they were the 3rd largest insurer in 2010. Lets see where they land now. will not be surprised considering they appear 2nd or at least mainatin that 3rd slot...
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youcan'tstopusnow
#333 Posted : Tuesday, January 17, 2012 7:03:51 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Eddy wrote:

jerry wrote:

@heri. I hear you but I'm afraid we'll now have to wait for rights after listing. The issue at hand now is whether we shall be locked out of selling after listing by intro.

Very unlikely of being locked out after all this is the reason they are floating it to determine the value at the bourse. My worry is that going this way will not realise the "windfall" i expected....(you know) like one share split 20 times at an ipo price of kshs 9 making a share worth kshs 180! wonder what price it was at OTC last though i remember someone looking for the shares at kshs 75 in wazua.

The article says the current OTC price is around 80 bob...
GOD BLESS YOUR LIFE
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Kalameni
#334 Posted : Tuesday, January 17, 2012 9:13:57 PM
Rank: New-farer

Joined: 9/20/2010
Posts: 80
Will there be a share split or not.
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jerry
#335 Posted : Tuesday, January 17, 2012 9:46:21 PM
Rank: Elder

Joined: 9/29/2006
Posts: 2,570
Kalameni wrote:
Will there be a share split or not.

I think there was no split for the case of Equity and TCL. Equity did a split later and it worked like magic! Let's wait god see. Info from CIC is normally scarce.
The opposite of courage is not cowardice, it's conformity.
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jerry
#336 Posted : Tuesday, January 17, 2012 9:51:30 PM
Rank: Elder

Joined: 9/29/2006
Posts: 2,570
Eddy wrote:


@heri. I hear you but I'm afraid we'll now have to wait for rights after listing. The issue at hand now is whether we shall be locked out of selling after listing by intro. [/quote]
Very unlikely of being locked out after all this is the reason they are floating it to determine the value at the bourse. My worry is that going this way will not realise the "windfall" i expected....(you know) like one share split 20 times at an ipo price of kshs 9 making a share worth kshs 180! wonder what price it was at OTC last though i remember someone looking for the shares at kshs 75 in wazua.[/quote]
Lock-up will apply for at least COOP bank and other major shareholders like SACCOs.
The opposite of courage is not cowardice, it's conformity.
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Hunderwear
#337 Posted : Tuesday, March 20, 2012 7:09:13 PM
Rank: Member

Joined: 4/14/2011
Posts: 639
When do we expect the results people...n the listing news?
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bartum
#338 Posted : Wednesday, March 21, 2012 11:36:20 AM
Rank: Veteran

Joined: 8/11/2010
Posts: 1,011
Location: nairobi
Hunderwear wrote:
When do we expect the results people...n the listing news?

i underatand the ceo was in UN hqs for about 2weeeks as he is UN adviser on cooparatives. What could be approx.PAT
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Hunderwear
#339 Posted : Wednesday, March 21, 2012 12:08:39 PM
Rank: Member

Joined: 4/14/2011
Posts: 639
bartum wrote:
Hunderwear wrote:
When do we expect the results people...n the listing news?

i underatand the ceo was in UN hqs for about 2weeeks as he is UN adviser on cooparatives. What could be approx.PAT


No idea coz I dint see their Half year
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jerry
#340 Posted : Wednesday, March 21, 2012 1:29:57 PM
Rank: Elder

Joined: 9/29/2006
Posts: 2,570
Don't 4get to surrendor ur certificate(s). You have upto 23rd.
The opposite of courage is not cowardice, it's conformity.
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