wazua Mon, Jan 13, 2025
Welcome Guest Search | Active Topics | Log In | Register

DTB Rights Issue oversubscribed by 340%
Options
Previous Topic · Next Topic
Sober
#1 Posted : Wednesday, August 13, 2014 9:52:18 PM
Rank: Elder


Joined: 11/27/2007
Posts: 3,604
The Diamond Trust Bank’s Rights Issue that was targeting to raiseKsh 3.63 billion has been oversubscribed by 340%
What does this depict of the market?
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
Back to top
 Report Abusive | Report SPAM
maka
#2 Posted : Wednesday, August 13, 2014 10:43:30 PM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Sober wrote:
The Diamond Trust Bank’s Rights Issue that was targeting to raiseKsh 3.63 billion has been oversubscribed by 340%
What does this depict of the market?

A lot of money chasing few viable investment options...
possunt quia posse videntur
Back to top
 Report Abusive | Report SPAM
VituVingiSana
#3 Posted : Thursday, August 14, 2014 12:35:46 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,121
Location: Nairobi
And one can expect strong results H1 2014 from DTB ... And additional growth post-Rights.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Back to top
 Report Abusive | Report SPAM
Tall Order
#4 Posted : Thursday, August 14, 2014 6:58:15 AM
Rank: Member


Joined: 5/9/2014
Posts: 130
Location: Nairobi
Definitely, DTB will have strong returns and the rights being successful as institutions picked up all their allotted ratios giving the bank extra capital for further growth.
Back to top
 Report Abusive | Report SPAM
charming soul
#5 Posted : Thursday, August 14, 2014 9:57:17 AM
Rank: Member


Joined: 12/2/2006
Posts: 42
Should one sell the shares allocated in the rights or wait in anticipation of the prices going up?? Please advise
Back to top
 Report Abusive | Report SPAM
VituVingiSana
#6 Posted : Thursday, August 14, 2014 3:35:12 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,121
Location: Nairobi
charming soul wrote:
Should one sell the shares allocated in the rights or wait in anticipation of the prices going up?? Please advise
Depends on your reasons for selling. A quick profit or longer term growth? The bank has been a consistent performer for many years... So why sell?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Back to top
 Report Abusive | Report SPAM
uchumi
#7 Posted : Thursday, August 14, 2014 10:44:32 PM
Rank: Member


Joined: 9/16/2006
Posts: 229
http://www.businessdaily...4/-/g3vs1nz/-/index.html
“I don’t regret the things I’ve done, I regret the things I didn’t do when I had the chance.”
Back to top
 Report Abusive | Report SPAM
charming soul
#8 Posted : Thursday, August 14, 2014 10:48:59 PM
Rank: Member


Joined: 12/2/2006
Posts: 42
Thanks VVS
Back to top
 Report Abusive | Report SPAM
uchumi
#9 Posted : Thursday, August 14, 2014 10:56:54 PM
Rank: Member


Joined: 9/16/2006
Posts: 229
http://www.businessdaily...90/-/75drak/-/index.html
“I don’t regret the things I’ve done, I regret the things I didn’t do when I had the chance.”
Back to top
 Report Abusive | Report SPAM
VituVingiSana
#10 Posted : Thursday, August 14, 2014 11:24:07 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,121
Location: Nairobi
@charmingsoul - Read the articles posted by @uchumi ... It seems to me that DTB is set for good growth in profits [please note EPS growth may not match share price movements] over the next 2-3 years as it expands in Mozambique and DRC. And then add the potential purchases by Habib as it tries to get to 26% ... Good times!

And DTB hasn't even plumbed the depths of Tanzania which has potential to be bigger than Kenya. Though, Kenya will rule over the next 5 years.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Back to top
 Report Abusive | Report SPAM
muganda
#11 Posted : Thursday, November 13, 2014 2:39:52 PM
Rank: Elder


Joined: 9/15/2006
Posts: 3,905
Alright I see a quiet release of DTB Q3 results.
Surprised to see a 17% growth in profit before tax wiped out by tax treatment year on year to become 10% after tax

Otherwise NII up 17%, NRI up 16%, OPEX up 16%
Loans & advances up 23.5%, Customer deposits up 22%

However you look at it, Equity Bank is performing and growing better. So peculiar Kenya where large market leaders outperform growing ones.

Link https://www.nse.co.ke/listed-com...period-ended-30-sep-2014
Back to top
 Report Abusive | Report SPAM
Users browsing this topic
Guest
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Wazua Investor Theme
Powered by YAF | YAF © 2003-2009, Yet Another Forum.NET
Copyright © 2025 Wazua.co.ke. All Rights Reserved.