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jerry
#291 Posted : Monday, May 16, 2011 9:43:31 AM
Rank: Elder

Joined: 9/29/2006
Posts: 2,570
Layman wrote:
...I wonder why they declared dividends @ Kshs 3.14 per share then changed their minds to cut it by half to kshs 1.60 per share.

=>The initial dividend of 3.14 would have locked out recent rights from benefiting in the offer.
The opposite of courage is not cowardice, it's conformity.
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bird_man
#292 Posted : Monday, May 16, 2011 10:40:00 AM
Rank: Veteran

Joined: 11/2/2006
Posts: 1,206
Location: Nairobi
@PKoli......might you know when the proposed share split will be done?
Formally employed people often live their employers' dream & forget about their own.
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PKoli
#293 Posted : Monday, May 16, 2011 12:01:41 PM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
Hunderwear wrote:
@Pkoli job weldone!what a company CIC is and about to be!BTW if you dont mind send me the summary as you send to bartum.Thanks


It is basically the same as what I have posted here, only that it was a word attachment.
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PKoli
#294 Posted : Monday, May 16, 2011 12:04:08 PM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
bird_man wrote:
@PKoli......might you know when the proposed share split will be done?


I can't for sure tell, but I believe it might happen next year. We will get the feeling when they start to appoint a transaction advisor for the listing.
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bartum
#295 Posted : Monday, May 16, 2011 10:01:23 PM
Rank: Veteran

Joined: 8/11/2010
Posts: 1,011
Location: nairobi
@pkoli nice and focussed management, i wish to imagine how this company will be in next 7yrs
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jerry
#296 Posted : Monday, May 16, 2011 10:50:37 PM
Rank: Elder

Joined: 9/29/2006
Posts: 2,570
bartum wrote:
@pkoli nice and focussed management, i wish to imagine how this company will be in next 7yrs

=>what's the likely lockout period for existing shareholders on listing? Are COOP pre-IPO shareholders still locked out of trading in NSE and for how much longer?
The opposite of courage is not cowardice, it's conformity.
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PKoli
#297 Posted : Monday, May 16, 2011 10:58:56 PM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
jerry wrote:
bartum wrote:
@pkoli nice and focussed management, i wish to imagine how this company will be in next 7yrs

=>what's the likely lockout period for existing shareholders on listing? Are COOP pre-IPO shareholders still locked out of trading in NSE and for how much longer?


@jerry,

For Coop Bank, only class A shareholders could not trade freely except amongst other saccos. I am not so sure about other shareholders. Class A shares had alockout period of 5 years. I think CIC could adopt a similar strategy. I have a feeling that many broke saccos might want to realize their value early and would argue for a shorter duration.
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the deal
#298 Posted : Monday, May 16, 2011 11:36:41 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
mSimon would be telling you to sell this CIC...btwn did you notice that all insurance firms returned mega profits in FY 2010...my next research report is on CIC...aulready have the AR for 2010...keep checking my blog i will post it there.
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liomungai
#299 Posted : Wednesday, May 25, 2011 9:23:27 AM
Rank: New-farer

Joined: 2/17/2010
Posts: 47
Location: Nairobi
@the deal please tell me which is your blog? thanks
People who look for easy money invariably pay for the privilege of proving conclusively that it cannot be found on this sordid earth
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the deal
#300 Posted : Wednesday, May 25, 2011 9:56:12 AM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
liomungai wrote:
@the deal please tell me which is your blog? thanks

http://contrarianinvestingkenya.blogspot.com
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