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CIC delays share listing as bear run hits market

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Layman		#1 Posted : Wednesday, December 14, 2011 7:52:46 AM
Rank: Member Joined: 9/21/2006 Posts: 422 Location: Nairobi		..."CIC Insurance has backed down from listing new shares at the Nairobi Securities Exchange (NSE) due to the bearish run and will instead raise additional capital through a rights issue to fund its regional expansion plan..." Read here: http://www.businessdaily.../-/stjqtbz/-/index.html I wonder what now happens to the split shares.
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hisah		#2 Posted : Wednesday, December 14, 2011 8:00:42 AM
Rank: Chief Joined: 8/4/2010 Posts: 8,977		Everyone is postponing listing Good bottoming signs as bearish sentiments starts reading towards extreme fear... 2013 will rally like crazy $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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simonkabz		#3 Posted : Wednesday, December 14, 2011 8:47:45 AM
Rank: Elder Joined: 3/2/2007 Posts: 8,776 Location: Cameroon		hisah wrote: Everyone is postponing listing Good bottoming signs as bearish sentiments starts reading towards extreme fear... 2013 will rally like crazy Oops! That is quite far. TULIA.........UFUNZWE!
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jerry		#4 Posted : Wednesday, December 14, 2011 9:03:22 AM
Rank: Elder Joined: 9/29/2006 Posts: 2,570		'What happens to split shares?' They said they'll issue rts. @Pkoli et al, Isn't possible to issue rts on split shares? The opposite of courage is not cowardice, it's conformity.
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e_kijana		#5 Posted : Wednesday, December 14, 2011 3:13:26 PM
Rank: Member Joined: 1/17/2009 Posts: 55		Whats is clear is they will be listing by introduction next year. Not the IPO earlier expected. Rights issue can come after listing or could be referring to one that already happened. The article has a negative reporting bias - showing the reporter expected a certain result.
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kryptonite		#6 Posted : Wednesday, December 14, 2011 10:57:42 PM
Rank: Member Joined: 2/1/2010 Posts: 272 Location: Nairobi		hisah wrote: Everyone is postponing listing Good bottoming signs as bearish sentiments starts reading towards extreme fear... 2013 will rally like crazy I agree, 2013 will rally...if we don't slaughter each other ala 2007 The harder you work, the luckier you get
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bird_man		#7 Posted : Thursday, December 15, 2011 12:41:25 AM
Rank: Veteran Joined: 11/2/2006 Posts: 1,206 Location: Nairobi		So what does this mean for current shareholders? Formally employed people often live their employers' dream & forget about their own.
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