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Mhasibu Investment Company Limited (MICL) Rights
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BGL
#11 Posted : Monday, April 30, 2012 4:46:33 PM
Rank: Veteran

Joined: 10/11/2009
Posts: 1,223
eco wrote:
@Thiong'o, received, I appreciate. Regards.


I got it too. Thanks
History will not remember you for your IQ. It will remember you for what you did. “Genius is 1 percent inspiration, 99 percent perspiration.” Thomas Edison
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BGL
#12 Posted : Monday, July 30, 2012 10:31:21 PM
Rank: Veteran

Joined: 10/11/2009
Posts: 1,223
Mhasibu to list at NSE once it hits Sh1 billion in assets

http://www.businessdaily.../-/rhukc0z/-/index.html

@hunder...... na wale wengine interested in OTC. As i have said in other posts, MICL is very active in the OTC market. The good thing with MICL is that the board members hold the majority shares...... the strategy of VVS.

You can download their audited 2011 accounts here http://micl.co.ke/images...L%20Accounts%202011.pdf

The wazua experts like bwana @deal please peruse the numbers and tell us how far MICL assets are from 1bn.
History will not remember you for your IQ. It will remember you for what you did. “Genius is 1 percent inspiration, 99 percent perspiration.” Thomas Edison
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  | | Edit by user: Monday, July 30, 2012 10:47 PM | Reason: Not specified
maligumu
#13 Posted : Monday, July 30, 2012 10:50:47 PM
Rank: Member

Joined: 2/22/2010
Posts: 510
Location: De egg
BGL wrote:
Mhasibu to list at NSE once it hits Sh1 billion in assets

http://www.businessdaily.../-/rhukc0z/-/index.html

@hunder...... na wale wengine interested in OTC. As i have said in other posts, MICL is very active in the OTC market. The good thing with MICL is that the board members hold the majority shares...... the strategy of VVS.

You can download their audited 2011 accounts here http://micl.co.ke/images...L%20Accounts%202011.pdf



@BG what is the current OTC prices for this share and which brokers could be dealing with them .
Peace be with you
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BGL
#14 Posted : Monday, July 30, 2012 10:55:03 PM
Rank: Veteran

Joined: 10/11/2009
Posts: 1,223
maligumu wrote:
BGL wrote:
Mhasibu to list at NSE once it hits Sh1 billion in assets

http://www.businessdaily.../-/rhukc0z/-/index.html

@hunder...... na wale wengine interested in OTC. As i have said in other posts, MICL is very active in the OTC market. The good thing with MICL is that the board members hold the majority shares...... the strategy of VVS.

You can download their audited 2011 accounts here http://micl.co.ke/images...L%20Accounts%202011.pdf



@BG what is the current OTC prices for this share and which brokers could be dealing with them .


Its an in-house process by the company secretary (no brokers) OTC done once a month! Those selling are asking for Ksh 170. Bids are opened on a specified bid and the highest bidder gets the shares.
History will not remember you for your IQ. It will remember you for what you did. “Genius is 1 percent inspiration, 99 percent perspiration.” Thomas Edison
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  | | Edit by user: Monday, July 30, 2012 10:56 PM | Reason: Not specified
accelriskconsult
#15 Posted : Tuesday, July 31, 2012 11:25:31 AM
Rank: Member

Joined: 4/2/2011
Posts: 629
Location: Nai
BGL wrote:
maligumu wrote:
BGL wrote:
Mhasibu to list at NSE once it hits Sh1 billion in assets

http://www.businessdaily.../-/rhukc0z/-/index.html

@hunder...... na wale wengine interested in OTC. As i have said in other posts, MICL is very active in the OTC market. The good thing with MICL is that the board members hold the majority shares...... the strategy of VVS.

You can download their audited 2011 accounts here http://micl.co.ke/images...L%20Accounts%202011.pdf



@BG what is the current OTC prices for this share and which brokers could be dealing with them .


Its an in-house process by the company secretary (no brokers) OTC done once a month! Those selling are asking for Ksh 170. Bids are opened on a specified bid and the highest bidder gets the shares.


Based on the financials the valution of 170 bob sounds too high. with a PE f 17 bob, investment in MICL sounds more like an investment in potential which is tricky for thinly capitalised companies.
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eco
#16 Posted : Tuesday, July 31, 2012 12:40:55 PM
Rank: Member

Joined: 6/17/2011
Posts: 229
I took the risk and bought the rights. If micl maintains good management, remains diversified and maintain the growth in asset portfolio, the milestone of 1 B is achievable.
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BGL
#17 Posted : Thursday, April 03, 2014 6:49:12 PM
Rank: Veteran

Joined: 10/11/2009
Posts: 1,223
When is MICL publishing their Financial report for FY2013?
History will not remember you for your IQ. It will remember you for what you did. “Genius is 1 percent inspiration, 99 percent perspiration.” Thomas Edison
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ZZE123
#18 Posted : Tuesday, April 08, 2014 8:54:17 AM
Rank: Elder

Joined: 6/21/2008
Posts: 2,490
BGL wrote:
When is MICL publishing their Financial report for FY2013?

They should first process the titles of the plots they sold over 4 years ago!!!NKT
The man who marries a beautiful woman, and the farmer who grows corn by the roadside have the same problem
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BGL
#19 Posted : Friday, April 25, 2014 12:02:12 PM
Rank: Veteran

Joined: 10/11/2009
Posts: 1,223
I attended the MICL AGM yesterday @ Serena Hotel. Here are the highlights.
- MICL has 327 shareholders with top 10 shareholders holding 51.85% stake and half of them are board members.
- Total assets up to 747mn from 530mn
- Net profit jumped from 7.4mn to 122.7mn in FY 2013.
-EPS up to 101.07 from 6.71
- As is the tradition, no dividend is declared BUT a BONUS of 1 share for every 5 held was passed.
- There is an active OTC market for those wishing to convert their bonus shares into dividend
-The company is looking forward to investing in development of a housing project targeting the middle + lower middle class segment in the future.....a shareholder briefing coming soon.
History will not remember you for your IQ. It will remember you for what you did. “Genius is 1 percent inspiration, 99 percent perspiration.” Thomas Edison
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eco
#20 Posted : Friday, April 25, 2014 1:28:34 PM
Rank: Member

Joined: 6/17/2011
Posts: 229
BGL wrote:
I attended the MICL AGM yesterday @ Serena Hotel. Here are the highlights.
- MICL has 327 shareholders with top 10 shareholders holding 51.85% stake and half of them are board members.
- Total assets up to 747mn from 530mn
- Net profit jumped from 7.4mn to 122.7mn in FY 2013.
-EPS up to 101.07 from 6.71
- As is the tradition, no dividend is declared BUT a BONUS of 1 share for every 5 held was passed.
- There is an active OTC market for those wishing to convert their bonus shares into dividend
-The company is looking forward to investing in development of a housing project targeting the middle + lower middle class segment in the future.....a shareholder briefing coming soon.


Thank you @BGL for the brief. Did the AGM agree on a new share price?
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