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Negotiations to cross-list NSE Companies at the JSE
ecstacy
#1 Posted : Friday, July 17, 2009 6:56:00 AM
Rank: Elder


Joined: 2/26/2008
Posts: 4,449
To the naysayers..after all,this was not far fetched smile 'Consultations are going on that will see companies listed at the Nairobi Stock Exchange cross-list at the Johannesburg Stock Exchange (JSE)...JSE business development manager in charge of African desk Geoff Musekiwa said the negotiations with various stock markets in Africa,including the NSE aim at allowing companies with a market capitalisation of at least Rands 500 million (Sh5 billion) to list at the biggest stock market in Africa...companies that list at the JSE will have access to a market where they can raise more capital in Africa and have access to local as well as international investors.'

Ref: http://www.nation.co.ke/...006/624862/-/iibrxnz/-/ With my basic capitalisation NSE info I think the following NSE companies would qualify if interested:

With

Accesskenya Ltd
CMC Holdings Ltd
Kenya Airways Ltd
Nation Media Group
ScanGroup
Standard Group Ltd
TPS Eastern Africa (Serena) Ltd
Barclays Bank Ltd
Centum Investment Co. Ltd
CFC Stanbic Holdings Ltd
Diamond Trust Bank Kenya Ltd
Equity Bank Ltd Ord
Housing Finance Co Ltd
Jubilee Holdings Ltd
Kenya Commercial Bank Ltd
Kenya Re-Insurance Corporation Ltd
National Bank of Kenya Ltd
NIC Bank Ltd
Standard Chartered Bank Ltd
The Co-operative Bank of Kenya

Athi River Mining
B.O.C Kenya Ltd
Bamburi Cement Ltd
British American Tobacco Kenya Ltd
Carbacid Investments Ltd
Crown Berger Ltd
E.A.Cables Ltd
E.A.Portland Cement Ltd
East African Breweries Ltd
Eveready East Africa Ltd
Kenya Oil Co Ltd
Kenya Power & Lighting Ltd
KenGen Ltd.
Mumias Sugar Co. Ltd
Sameer Africa Ltd
Total Kenya Ltd
Unga Group Ltd


I'd personally wish AccessKenya take this route in future to fund their expansion plans. How about you?
VituVingiSana
#2 Posted : Friday, July 17, 2009 7:13:00 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,097
Location: Nairobi
Most liquid & better known firms that appeal to the S.Africans will go on first.

Safaricom (vodacom)
EABL (diageo)
KQ (KLM)

Others will be the banks esp BBK (Absa),CFCStanbic.

Greedy when others are fearful,Very fearful when others are greedy - to paraphrase WB
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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