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TUPAC
#251 Posted : Friday, May 06, 2011 10:04:31 PM
Rank: Member

Joined: 12/8/2009
Posts: 274
Location: Ltktk
Hunderwear wrote:
Hunderwear wrote:
[quote=Layman]...Standard newspaper of 15th April page 37 ....Notice of AGM (14/05/2011) and Dividends to all shareholders @ kshs 3.14 per share .... ofcourse subject to approval at AGM[/quote



Is this dividend also applying to the rights issue shares ama ni zile za wazee tu?This cd be good really gud if yes.Nani amechoka na hii mzigo nmsaidieLaughing out loudly Laughing out loudly Laughing out loudly

>>ALL means just that. Same was in IM during rts issue. Hamna ambaye amewahi choka na pesa.



NO DIVIDENDS FOR THE RIGHTS ISSUE SHARES GUYS!!!!!!!!!!!!!!!THIS IS TOTALLY UNACCEPTABLE

The directors recommend the payment of a first and final dividend of Sh 95,913,574 (2009: Sh 34,238,000) which amounts to Sh 3.14 (2009: Sh 1.60) per share

as for the rights issue and the private placement,including myself there is no dividends for us in as far as the year 2010 is concerned. we will earn dividends,if any, in 2012.am so disapointed.
...things fall apart...the centre cannot hold..mere anarchy is loosed upon the world...w b yeats
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Hunderwear
#252 Posted : Saturday, May 07, 2011 1:05:48 PM
Rank: Member

Joined: 4/14/2011
Posts: 639
This is against their promise in the I.M for the rights issue.Why on earth didnt they honour it or even explain it in the report.I see a deliberate plan to edge out the new shareholderrs in sharing of the dividends for last year.No wonder they put the word 'All shareholders' in their advert so we dont notice!!!!!!!!!!!
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Evolve
#253 Posted : Saturday, May 07, 2011 1:14:29 PM
Rank: Member

Joined: 9/25/2007
Posts: 96
Anyone willing to sell at Kshs 60-65 per share. I have a buyer for 50,000 shares. Email Globe_v1@yahoo.com.
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PKoli
#254 Posted : Saturday, May 07, 2011 1:57:09 PM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
Evolve wrote:
Anyone willing to sell at Kshs 60-65 per share. I have a buyer for 50,000 shares. Email Globe_v1@yahoo.com.


@Evolve. There are already buyers for 85-90 and absolutely no sellers, so I am not sure you will get anyone willing to sell to you at those prices
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PKoli
#255 Posted : Saturday, May 07, 2011 1:59:42 PM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
Hunderwear wrote:
This is against their promise in the I.M for the rights issue.Why on earth didnt they honour it or even explain it in the report.I see a deliberate plan to edge out the new shareholderrs in sharing of the dividends for last year.No wonder they put the word 'All shareholders' in their advert so we dont notice!!!!!!!!!!!



I did not read their IM but having been a shareholder since 2007, they only used to pay shareholders who were on the register as on 31st of previous year. The rights issue has not been concluded. The AGM needs to ratify additional share issue.
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TUPAC
#256 Posted : Saturday, May 07, 2011 3:27:52 PM
Rank: Member

Joined: 12/8/2009
Posts: 274
Location: Ltktk
PKoli wrote:
Evolve wrote:
Anyone willing to sell at Kshs 60-65 per share. I have a buyer for 50,000 shares. Email Globe_v1@yahoo.com.


@Evolve. There are already buyers for 85-90 and absolutely no sellers, so I am not sure you will get anyone willing to sell to you at those prices

@koli ati 85-90? this is absolutely marvellous.too tempting. but patience pays. i believe the best value will be at the time of listing coz cic figures for this financial year will be very good. what do you think of the upcoming britak ipo?are you takin part?
...things fall apart...the centre cannot hold..mere anarchy is loosed upon the world...w b yeats
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the deal
#257 Posted : Sunday, May 08, 2011 9:51:12 AM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Did a quick scan on CIC...their combined ratio in 2010 which is their best year to date is 86% which is very high...oops i dont thinnk CIC deserves all this hype.
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jerry
#258 Posted : Sunday, May 08, 2011 5:01:55 PM
Rank: Elder

Joined: 9/29/2006
Posts: 2,570
I needed some more shares to add to my 2,500 (including 22% I'm waiting to be allocated) but at 100/= per share I rest my case.
The opposite of courage is not cowardice, it's conformity.
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Hunderwear
#259 Posted : Sunday, May 08, 2011 5:35:11 PM
Rank: Member

Joined: 4/14/2011
Posts: 639
100 bob a share??!!!!!!!!!!!I sincerely feel i should sell off my 1500 rights allocation now that they dont qualify for dividends but still have alot of resistance to overcome
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bird_man
#260 Posted : Wednesday, May 11, 2011 10:36:33 PM
Rank: Veteran

Joined: 11/2/2006
Posts: 1,206
Location: Nairobi
when the share split is approved on 14th may,when will the shares actually be split?According to the register as at?I want to decide if i should buy more.
Formally employed people often live their employers' dream & forget about their own.
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