wazua Tue, Apr 7, 2026
Welcome Guest Search | Active Topics | Log In

5 Pages<12345>
Co-op Bank Upcoming Rights Issue
Options
Previous Topic · Next Topic
youcan'tstopusnow
#21 Posted : Tuesday, May 03, 2011 11:21:52 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Co-op bank looking to recruit Chinese-speaking executives www.businessdailyafrica....8/-/t4fj78z/-/index.html
GOD BLESS YOUR LIFE
Back to top
WWW
  |
wole
#22 Posted : Wednesday, May 04, 2011 3:31:57 AM
Rank: Member

Joined: 5/19/2009
Posts: 1
Back to top
  |
invest0r
#23 Posted : Wednesday, May 04, 2011 8:55:02 AM
Rank: Member

Joined: 12/15/2010
Posts: 162
invest0r wrote:
Ericsson wrote:
Co-op bank is planning to do a rights issue to raise additional capital and to boost the statutory ratios.According to the notice of the upcoming AGM they plan to increase the share capital from Ksh.3.7 billion made up of 3.7 billion shares to ksh.5 billion made up of 5billion shares through the creation of an additional 1.3 billion shares to rank pari passu with the existing shares


pls provide link with info that co-op bank is planning to have a rights issue.

According to the notice posted in the dailies, the shareholders will pass a special resolution to increase the AUTHORISED share capital. The notice does not mention that the shareholders will in addition pass a special resolution to increase the ISSUED share capital through a rights issue.

Quote:
wole Posted: Wednesday, May 04, 2011 12:31:57 AM
Here is the link!

http://www.co-opbank.co....ile/AGMNoticeQPAdO1.jpg



@wole, that link does not mention that shareholders will pass a resolution to increase the ISSUED share capital through a rights issue. There is a great difference between AUTHORISED and ISSUED share capital.
Back to top
  |
Burning Spear
#24 Posted : Wednesday, May 04, 2011 8:56:27 AM
Rank: Veteran

Joined: 7/22/2008
Posts: 1,139
I am heading to the broker to sell.I am not interested with the additional rights.
"You're not supposed to be so blind with patriotism that you can't face reality. Wrong is wrong, no matter who says it". Malcolm X
Back to top
  |
selah
#25 Posted : Wednesday, May 04, 2011 11:14:58 AM
Rank: Elder

Joined: 10/13/2009
Posts: 1,950
Location: in kenya
They are just increasing the number of authorized shares to 5 billion from 3.7 billion but there is no mention of what they will do with the shares.So the right issue is just a matter of speculation.



'......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
Back to top
  |
Muthawamunene
#26 Posted : Wednesday, May 04, 2011 11:32:07 AM
Rank: Member

Joined: 1/3/2011
Posts: 264
Location: Nairobi
Who knows, it might even be an esop. Negative sentiment is murdering this stock. At sub 16 bob before june 3rd, i will crack the piggie bank and buy more of it.
Back to top
  |
PKoli
#27 Posted : Wednesday, May 04, 2011 12:13:33 PM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
invest0r wrote:
invest0r wrote:
Ericsson wrote:
Co-op bank is planning to do a rights issue to raise additional capital and to boost the statutory ratios.According to the notice of the upcoming AGM they plan to increase the share capital from Ksh.3.7 billion made up of 3.7 billion shares to ksh.5 billion made up of 5billion shares through the creation of an additional 1.3 billion shares to rank pari passu with the existing shares


pls provide link with info that co-op bank is planning to have a rights issue.

According to the notice posted in the dailies, the shareholders will pass a special resolution to increase the AUTHORISED share capital. The notice does not mention that the shareholders will in addition pass a special resolution to increase the ISSUED share capital through a rights issue.

Quote:
wole Posted: Wednesday, May 04, 2011 12:31:57 AM
Here is the link!

http://www.co-opbank.co....ile/AGMNoticeQPAdO1.jpg



@wole, that link does not mention that shareholders will pass a resolution to increase the ISSUED share capital through a rights issue. There is a great difference between AUTHORISED and ISSUED share capital.



May be some firm like the way Elios did with Equity wants to acquire some shareholding of the bank. Coop could also use the additional shares to issue to a strategic investor especially now that they want to invest in SS, Rwanda and in the region.
Back to top
  | | Edit by user: Wednesday, May 04, 2011 12:15 PM | Reason: Not specified
Impunity
#28 Posted : Wednesday, May 04, 2011 6:01:49 PM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
Muthawamunene wrote:
Who knows, it might even be an esop. Negative sentiment is murdering this stock. At sub 16 bob before june 3rd, i will crack the piggie bank and buy more of it.


It has to go sub IPO of 9.50 for me to touch it if that is the case.
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
Back to top
  |
Cde Monomotapa
#29 Posted : Wednesday, May 04, 2011 6:39:06 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Impunity wrote:
Muthawamunene wrote:
Who knows, it might even be an esop. Negative sentiment is murdering this stock. At sub 16 bob before june 3rd, i will crack the piggie bank and buy more of it.


It has to go sub IPO of 9.50 for me to touch it if that is the case.

eish..boss..sub-ipo? Isn't that too pessimistic?
Back to top
  |
Cde Monomotapa
#30 Posted : Wednesday, May 04, 2011 6:41:18 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
@impunity..in the unlikely event that it does go that low..i have always loved a no-brainer.
Back to top
  |
5 Pages<12345>
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 © 2026 Wazua.co.ke. All Rights Reserved.