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SMEP SHARE SALE
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Mbithi
#1 Posted : Monday, October 22, 2012 8:59:02 AM
Rank: Member

Joined: 9/22/2006
Posts: 24
Whats the thinking on the sale of SMEP shares?
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Iganamagana
#2 Posted : Monday, October 22, 2012 10:57:49 AM
Rank: Veteran

Joined: 3/27/2009
Posts: 1,437
There was a Share sale advert on the same in yesterdays papers. Is this not the sort of thing that put Muramati (Unaitas) into trouble with the CMA?
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mlennyma
#3 Posted : Monday, October 22, 2012 11:12:14 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
How do u start selling such a new thing ?i saw it the other day.
"Don't let the fear of losing be greater than the excitement of winning."
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dunkang
#4 Posted : Monday, October 22, 2012 11:23:45 AM
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
If you could have continued reading, you could have noted that shares are to be sold to specific churches pastors and tithers only.
Quote:
……..SMEP Deposit
Taking Microfinance Limited (SMEP DTM) has today
launched a share offer seeking to raise Sh1.6 billion to
fund expansion.
In the sale, which was approved by the Capital Markets
Authority on 11 October 2012, the
company will offer 145,454,546 new ordinary shares of
par value Sh5.00 each at a price of Sh11.00
per new share for a total of Sh1.6 billion. The shares
shall not be listed immediately.
The eligible investors in the offer which closes on
November 30th, 2012 will include SMEP DTM
customers, employees of SMEP DTM and NCCK and the
member churches of NCCK and the
members of those churches.
“The shares if fully subscribed shall comprise 68.143%
shareholding of SMEP DTM,” said SMEP
DTM Chairman Gabriel Kivuti.


www.smep.co.ke/news/95-s...billion-share-sale-.html
Receive with simplicity everything that happens to you.” ― Rashi

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jerry
#5 Posted : Monday, October 22, 2012 3:10:50 PM
Rank: Elder

Joined: 9/29/2006
Posts: 2,570
mlennyma wrote:
How do u start selling such a new thing ?i saw it the other day.

poa sana!
The opposite of courage is not cowardice, it's conformity.
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jerry
#6 Posted : Monday, October 22, 2012 3:13:02 PM
Rank: Elder

Joined: 9/29/2006
Posts: 2,570
Mbithi wrote:
Whats the thinking on the sale of SMEP shares?

Thinking or opinion?
The opposite of courage is not cowardice, it's conformity.
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mlennyma
#7 Posted : Monday, October 22, 2012 3:27:20 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Apart from the tumaini hse nairobi ka hall where else are they?..begginers can only be judged through wishful thinking.
"Don't let the fear of losing be greater than the excitement of winning."
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maka
#8 Posted : Monday, October 22, 2012 9:11:25 PM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
dunkang wrote:
If you could have continued reading, you could have noted that shares are to be sold to specific churches pastors and tithers only.
Quote:
……..SMEP Deposit
Taking Microfinance Limited (SMEP DTM) has today
launched a share offer seeking to raise Sh1.6 billion to
fund expansion.
In the sale, which was approved by the Capital Markets
Authority on 11 October 2012, the
company will offer 145,454,546 new ordinary shares of
par value Sh5.00 each at a price of Sh11.00
per new share for a total of Sh1.6 billion. The shares
shall not be listed immediately.
The eligible investors in the offer which closes on
November 30th, 2012 will include SMEP DTM
customers, employees of SMEP DTM and NCCK and the
member churches of NCCK and the
members of those churches.
“The shares if fully subscribed shall comprise 68.143%
shareholding of SMEP DTM,” said SMEP
DTM Chairman Gabriel Kivuti.


www.smep.co.ke/news/95-s...billion-share-sale-.html

...we venye nakujua huwezi pata(tither)
possunt quia posse videntur
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guru267
#9 Posted : Tuesday, October 23, 2012 12:26:56 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
P/E = 90
P/B = 1.1

BITTER-SWEET deal!!
Mark 12:29
Deuteronomy 4:16
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mlennyma
#10 Posted : Tuesday, October 23, 2012 9:34:58 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
This thing is open to the public according to media advertisements but their 11bob per share price is a shock.
"Don't let the fear of losing be greater than the excitement of winning."
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