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lovely2010		#221 Posted : Monday, July 04, 2011 7:58:49 PM
Rank: Member Joined: 10/25/2010 Posts: 519 Location: nairobi		I understand that Jimnah Mbaru has shares worth USD 30 million in Bitak...I was wondering now that he is getting into politics...He wants to be a Governor and campaigns are hitting off...what effects will this have on the coming IPO?
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Sober		#222 Posted : Monday, July 04, 2011 8:53:59 PM
Rank: Elder Joined: 11/27/2007 Posts: 3,604		@lovely. You seem to be having issues with this jimnag guy being interesed in politics. Bet he has been interested and even vied before, what efect did that have on the linked counters, nothing! Maybe if you quote the upcoming TCL African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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mukiha		#223 Posted : Tuesday, July 05, 2011 9:30:42 AM
Rank: Elder Joined: 6/27/2008 Posts: 4,114		trizher wrote: guru267 wrote: trizher wrote: Aint touchin it.....inakaa soap opera. 9bob for a british co? Think again I hope the view from the sidelines is as good as it will be in the centre of the action... 9bob is below even conservative estimates.. Kwani what price to you want? Thats a huge company kuanza na 9bob...expected over 30Kshs. @ Borsenmakler I aint kiddin. Just an opinion ...too cheap too many decision makers Safcon Season 2 @trizher; after making the comments in bold type, I think you better stay out of the stock market until you learn a little more. Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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trizher		#224 Posted : Tuesday, July 05, 2011 9:33:45 AM
Rank: New-farer Joined: 5/23/2010 Posts: 95 Location: Tikrit - IRAQ		mukiha wrote: trizher wrote: guru267 wrote: trizher wrote: Aint touchin it.....inakaa soap opera. 9bob for a british co? Think again I hope the view from the sidelines is as good as it will be in the centre of the action... 9bob is below even conservative estimates.. Kwani what price to you want? Thats a huge company kuanza na 9bob...expected over 30Kshs. @ Borsenmakler I aint kiddin. Just an opinion ...too cheap too many decision makers Safcon Season 2 @trizher; after making the comments in bold type, I think you better stay out of the stock market until you learn a little more. ...We do it for the $$$$!!
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QW25071985		#225 Posted : Tuesday, July 05, 2011 9:44:01 AM
Rank: Veteran Joined: 3/25/2011 Posts: 946		trizher wrote: mukiha wrote: trizher wrote: guru267 wrote: trizher wrote: Aint touchin it.....inakaa soap opera. 9bob for a british co? Think again I hope the view from the sidelines is as good as it will be in the centre of the action... 9bob is below even conservative estimates.. Kwani what price to you want? Thats a huge company kuanza na 9bob...expected over 30Kshs. @ Borsenmakler I aint kiddin. Just an opinion ...too cheap too many decision makers Safcon Season 2 @trizher; after making the comments in bold type, I think you better stay out of the stock market until you learn a little more.
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QW25071985		#226 Posted : Tuesday, July 05, 2011 9:46:26 AM
Rank: Veteran Joined: 3/25/2011 Posts: 946		trizher wrote: mukiha wrote: trizher wrote: guru267 wrote: trizher wrote: Aint touchin it.....inakaa soap opera. 9bob for a british co? Think again I hope the view from the sidelines is as good as it will be in the centre of the action... 9bob is below even conservative estimates.. Kwani what price to you want? Thats a huge company kuanza na 9bob...expected over 30Kshs. @ Borsenmakler I aint kiddin. Just an opinion ...too cheap too many decision makers Safcon Season 2 @trizher; after making the comments in bold type, I think you better stay out of the stock market until you learn a little more.
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mukiha		#227 Posted : Tuesday, July 05, 2011 10:20:44 AM
Rank: Elder Joined: 6/27/2008 Posts: 4,114		lovely2010 wrote: I understand that Jimnah Mbaru has shares worth USD 30 million in Bitak...I was wondering now that he is getting into politics...He wants to be a Governor and campaigns are hitting off...what effects will this have on the coming IPO? According to the prospectus, jimnah has 300m shares representing 20% [pre-IPO] and 14% [post-IPO]. At the IPO proce of 9bob, these are worth Sh2.7b. So yes, his holding is worth about US$30m in market value Here are the other shareholders: British American (Kenya) Holdings Limited 452,504,000 = 30.17% [pre IPO] / 21.05% [post IPO] Equity Holdings* 405,000,000 = 27.0% / 18.84% Jimnah M. Mbaru 300,000,000 = 20.0% / 13.95% Benson I. Wairegi 99,496,000 = 6.63% / 4.63% Filimbi Limited 90,000,000 = 6.00% / 4.19% Peter K. Munga 75,000,000 = 5.0% / 3.49% James N Mwangi 75,000,000 = 5.0% / 3.49% Simon I.Wairegi 3,000,000 = 0.20% / 0.14% Now, does Equity Holdings have any relationship with Equity Bank? I checked the bank's report [2010] and there is no subsidiary by that name... Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.*
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Hunderwear		#228 Posted : Tuesday, July 05, 2011 10:41:59 AM
Rank: Member Joined: 4/14/2011 Posts: 639		As the genuine deal will tel you one better keep his money or even better invest it in CIC!Tell you why 1.The company is making losses in its core business i.e underwriting.2.The company made a loss in 2009 only to turnaround year before listing.3.At a price of 9 its already expensive than listed insurance stocks(am talking about pe).4.The market is bearish and likely to stay that way til 2013 thus most probably we wil get it at 5-6 in a month or so after listing.5.The only profitable busines is investing which is not diversified thus wil be hard hit by the bearish market trend.So for those who need money for it am willing to give in exchange for CIC
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Sober		#229 Posted : Tuesday, July 05, 2011 11:04:51 AM
Rank: Elder Joined: 11/27/2007 Posts: 3,604		mukiha wrote: lovely2010 wrote: I understand that Jimnah Mbaru has shares worth USD 30 million in Bitak...I was wondering now that he is getting into politics...He wants to be a Governor and campaigns are hitting off...what effects will this have on the coming IPO? According to the prospectus, jimnah has 300m shares representing 20% [pre-IPO] and 14% [post-IPO]. At the IPO proce of 9bob, these are worth Sh2.7b. So yes, his holding is worth about US$30m in market value Here are the other shareholders: British American (Kenya) Holdings Limited 452,504,000 = 30.17% [pre IPO] / 21.05% [post IPO] Equity Holdings* 405,000,000 = 27.0% / 18.84% Jimnah M. Mbaru 300,000,000 = 20.0% / 13.95% Benson I. Wairegi 99,496,000 = 6.63% / 4.63% Filimbi Limited 90,000,000 = 6.00% / 4.19% Peter K. Munga 75,000,000 = 5.0% / 3.49% James N Mwangi 75,000,000 = 5.0% / 3.49% Simon I.Wairegi 3,000,000 = 0.20% / 0.14% *Now, does Equity Holdings have any relationship with Equity Bank? I checked the bank's report [2010] and there is no subsidiary by that name... is the 5% owner the same with the Equity bank guy? African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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The fast & furious		#230 Posted : Tuesday, July 05, 2011 12:34:13 PM
Rank: Member Joined: 9/24/2009 Posts: 112		Sober wrote: mukiha wrote: lovely2010 wrote: I understand that Jimnah Mbaru has shares worth USD 30 million in Bitak...I was wondering now that he is getting into politics...He wants to be a Governor and campaigns are hitting off...what effects will this have on the coming IPO? According to the prospectus, jimnah has 300m shares representing 20% [pre-IPO] and 14% [post-IPO]. At the IPO proce of 9bob, these are worth Sh2.7b. So yes, his holding is worth about US$30m in market value Here are the other shareholders: British American (Kenya) Holdings Limited 452,504,000 = 30.17% [pre IPO] / 21.05% [post IPO] Equity Holdings* 405,000,000 = 27.0% / 18.84% Jimnah M. Mbaru 300,000,000 = 20.0% / 13.95% Benson I. Wairegi 99,496,000 = 6.63% / 4.63% Filimbi Limited 90,000,000 = 6.00% / 4.19% Peter K. Munga 75,000,000 = 5.0% / 3.49% James N Mwangi 75,000,000 = 5.0% / 3.49% Simon I.Wairegi 3,000,000 = 0.20% / 0.14% *Now, does Equity Holdings have any relationship with Equity Bank? I checked the bank's report [2010] and there is no subsidiary by that name... is the 5% owner the same with the Equity bank guy? Peter Munga is the Chairman of Equity Bank while James Mwangi is the CEO of Equity Bank. Equity holdings has no connection with Equity Bank. The name Equity is Universal and can be used by anybody as far as it has another attached name to differentiate it from other entities i.e., Equity Bread, Equity Underwear, Equity Wheelbarrow and Equity Girls. The signature of God runs in all things. Only fools fail to see it and believe in Him. However, others see it even where non exists - now you see where the false pastor comes in.
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