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Sameer Africa majority shareholder seeks to acquire additional stake
Rank: Hello Joined: 5/4/2013 Posts: 2
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Demand for the share building up at the same price range we have seen in the last 2 weeks. Just wondering what cards are waiting to be unleashed after Bridgestone is out.
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Merali completes acquisition of Bridgestone shares Naushad Merali has completed the acquisition of Bridgestone’s 14.9 per cent stake in Sameer Africa, paving the way for the businessman to tap a new strategic partner in the listed tyre firm. Merali bought out Bridgestone at an estimated Sh5 for each of the 41.4 million shares, valuing the deal at Sh207.4 million. The firm’s stock currently trades at Sh6.3, representing a 26 per cent jump over the deal price. http://www.businessdailyafrica....40/-/rlr8h3/-/index.html
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Rank: Member Joined: 1/13/2014 Posts: 398 Location: Denmark
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mwekez@ji wrote:Merali completes acquisition of Bridgestone shares Naushad Merali has completed the acquisition of Bridgestone’s 14.9 per cent stake in Sameer Africa, paving the way for the businessman to tap a new strategic partner in the listed tyre firm. Merali bought out Bridgestone at an estimated Sh5 for each of the 41.4 million shares, valuing the deal at Sh207.4 million. The firm’s stock currently trades at Sh6.3, representing a 26 per cent jump over the deal price. http://www.businessdailyafrica....40/-/rlr8h3/-/index.html I smell a rat.. Time to cut losses and bail out.  Seeing is believing
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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jawgey wrote:mwekez@ji wrote:Merali completes acquisition of Bridgestone shares Naushad Merali has completed the acquisition of Bridgestone’s 14.9 per cent stake in Sameer Africa, paving the way for the businessman to tap a new strategic partner in the listed tyre firm. Merali bought out Bridgestone at an estimated Sh5 for each of the 41.4 million shares, valuing the deal at Sh207.4 million. The firm’s stock currently trades at Sh6.3, representing a 26 per cent jump over the deal price. http://www.businessdailyafrica....40/-/rlr8h3/-/index.html I smell a rat.. Time to cut losses and bail out. The chap is sly and will surely benefit from this. If i were you, i'd wait for the upcoming news ...
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Rank: Member Joined: 1/13/2014 Posts: 398 Location: Denmark
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mwekez@ji wrote:jawgey wrote:mwekez@ji wrote:Merali completes acquisition of Bridgestone shares Naushad Merali has completed the acquisition of Bridgestone’s 14.9 per cent stake in Sameer Africa, paving the way for the businessman to tap a new strategic partner in the listed tyre firm. Merali bought out Bridgestone at an estimated Sh5 for each of the 41.4 million shares, valuing the deal at Sh207.4 million. The firm’s stock currently trades at Sh6.3, representing a 26 per cent jump over the deal price. http://www.businessdailyafrica....40/-/rlr8h3/-/index.html I smell a rat.. Time to cut losses and bail out. The chap is sly and will surely benefit from this. If i were you, i'd wait for the upcoming news ... In any direction that you may want to look at this, there's something fishy going on. One might as well get locked in like the case with CMC and not get worth returns. Seeing is believing
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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jawgey wrote:mwekez@ji wrote:jawgey wrote:mwekez@ji wrote:Merali completes acquisition of Bridgestone shares Naushad Merali has completed the acquisition of Bridgestone’s 14.9 per cent stake in Sameer Africa, paving the way for the businessman to tap a new strategic partner in the listed tyre firm. Merali bought out Bridgestone at an estimated Sh5 for each of the 41.4 million shares, valuing the deal at Sh207.4 million. The firm’s stock currently trades at Sh6.3, representing a 26 per cent jump over the deal price. http://www.businessdailyafrica....40/-/rlr8h3/-/index.html I smell a rat.. Time to cut losses and bail out. The chap is sly and will surely benefit from this. If i were you, i'd wait for the upcoming news ... In any direction that you may want to look at this, there's something fishy going on. One might as well get locked in like the case with CMC and not get worth returns. Whats the fishy thing going on? Am open to anything when its Merali
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Rank: Member Joined: 1/13/2014 Posts: 398 Location: Denmark
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mwekez@ji wrote:jawgey wrote:mwekez@ji wrote:jawgey wrote:mwekez@ji wrote:Merali completes acquisition of Bridgestone shares Naushad Merali has completed the acquisition of Bridgestone’s 14.9 per cent stake in Sameer Africa, paving the way for the businessman to tap a new strategic partner in the listed tyre firm. Merali bought out Bridgestone at an estimated Sh5 for each of the 41.4 million shares, valuing the deal at Sh207.4 million. The firm’s stock currently trades at Sh6.3, representing a 26 per cent jump over the deal price. http://www.businessdailyafrica....40/-/rlr8h3/-/index.html I smell a rat.. Time to cut losses and bail out. The chap is sly and will surely benefit from this. If i were you, i'd wait for the upcoming news ... In any direction that you may want to look at this, there's something fishy going on. One might as well get locked in like the case with CMC and not get worth returns. Whats the fishy thing going on? Am open to anything when its Merali You get to wonder who the prospective partner is and the fact that he issued a condition for the exit of bridgestone before he joins sameer. Further talks will be held privately yet it's a listed company. I don't like this guy one bit. Seeing is believing
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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jawgey wrote:mwekez@ji wrote:jawgey wrote:mwekez@ji wrote:jawgey wrote:mwekez@ji wrote:Merali completes acquisition of Bridgestone shares Naushad Merali has completed the acquisition of Bridgestone’s 14.9 per cent stake in Sameer Africa, paving the way for the businessman to tap a new strategic partner in the listed tyre firm. Merali bought out Bridgestone at an estimated Sh5 for each of the 41.4 million shares, valuing the deal at Sh207.4 million. The firm’s stock currently trades at Sh6.3, representing a 26 per cent jump over the deal price. http://www.businessdailyafrica....40/-/rlr8h3/-/index.html I smell a rat.. Time to cut losses and bail out. The chap is sly and will surely benefit from this. If i were you, i'd wait for the upcoming news ... In any direction that you may want to look at this, there's something fishy going on. One might as well get locked in like the case with CMC and not get worth returns. Whats the fishy thing going on? Am open to anything when its Merali You get to wonder who the prospective partner is and the fact that he issued a condition for the exit of bridgestone before he joins sameer. Further talks will be held privately yet it's a listed company. I don't like this guy one bit. The prospective partner is said to be a competitor of Bridgestone so it was prudent for her to ask for the exit of Bridgestone first. Merali now bought out Bridgestone and so further transaction will be private between Merali and the prospective partner. The prospective partner is not being issued new shares by the company to make it a public matter. In this transaction, the public is likely to be informed after the private discussion are concluded with share price agreed. Knowing Merali, he will make a handsome profit in it. Nothing fishy, from this perspective
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Rank: Member Joined: 1/13/2014 Posts: 398 Location: Denmark
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mwekez@ji wrote:jawgey wrote:mwekez@ji wrote:jawgey wrote:mwekez@ji wrote:jawgey wrote:mwekez@ji wrote:Merali completes acquisition of Bridgestone shares Naushad Merali has completed the acquisition of Bridgestone’s 14.9 per cent stake in Sameer Africa, paving the way for the businessman to tap a new strategic partner in the listed tyre firm. Merali bought out Bridgestone at an estimated Sh5 for each of the 41.4 million shares, valuing the deal at Sh207.4 million. The firm’s stock currently trades at Sh6.3, representing a 26 per cent jump over the deal price. http://www.businessdailyafrica....40/-/rlr8h3/-/index.html I smell a rat.. Time to cut losses and bail out. The chap is sly and will surely benefit from this. If i were you, i'd wait for the upcoming news ... In any direction that you may want to look at this, there's something fishy going on. One might as well get locked in like the case with CMC and not get worth returns. Whats the fishy thing going on? Am open to anything when its Merali You get to wonder who the prospective partner is and the fact that he issued a condition for the exit of bridgestone before he joins sameer. Further talks will be held privately yet it's a listed company. I don't like this guy one bit. The prospective partner is said to be a competitor of Bridgestone so it was prudent for her to ask for the exit of Bridgestone first. Merali now bought out Bridgestone and so further transaction will be private between Merali and the prospective partner. The prospective partner is not being issued new shares by the company to make it a public matter. In this transaction, the public is likely to be informed after the private discussion are concluded with share price agreed. Knowing Merali, he will make a handsome profit in it. Nothing fishy, from this perspective ooh ok in that case I agree there definitely will be some return. The question is how fast/slow will this take considering they have to wait for a CMA approval.. Seeing is believing
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Another screwing for Wanjiku by Merali. As @VVS says, only Merali will benefit from this buy-sell deal, then he will exit, taking away the Sameer Business Park, leaving Wanjiku with worthless shares in SAL. This guy is a shark and sharks eat small fish. Life is short. Live passionately.
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