Ndugu usijisumbue,hawa Watanzania hawatakubali ununue hisa,utakula huu!

But you shall remember the LORD your God,for it is He who is giving you power to make wealth,that He may confirm His covenant which He swore to your fathers,as it is this day. Deu 8:18

I am not asking,whether to buy or not. Am asking if anyone has more info.


Be greedy when others are fearful,be fearful when others are greedy.

Forgive me but I ask again.

Anyone with details.


Be greedy when others are fearful,be fearful when others are greedy.

google them. they have a website

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

Thanks Djinn.

This banks balance sheet is actually 50% larger than that of EB at equivalent of Kshs. 130B. It is also very thinly capitalised at only Kshs 2B. Maybe its this is a gold mine. From the link that Djinn and this other one http://www.crdbbank.com/news_details.asp?nid=100 it seems like the NAV could be Kshs 65/- (130B worth and 2.1B shares).

If this share is being sold at about 15 Kshs Shs then it could be at a significant discount. The EPS is Ksh Shs 2. Its PE being 7.5 is not bad at all.

Abramovich and other billionaires from russia made their fortunes by investing in profitable companies that the government was disposing off. My sources tell me that they dont expect the IPO to be oversubscribed but this a good medium - long term buy.


Be greedy when others are fearful,be fearful when others are greedy.

It seems that they had a rights issue which closed in Feb.2009 involving only 197,866,560 new shares which had a 20% discount. Then list the bank in DSE by june 2009,IPO will only be for the rights not taken if any.

They are hoping to raise Tshs.23.7 billion,equivalent of kshs.1.2 billion. For sure kenyan will not be involved,but for pablo who could be in TZ you could participate hoping the price will adjust for the discount offered.