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NSE IPO
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Sober
#231 Posted : Tuesday, September 02, 2014 11:20:35 PM
Rank: Elder

Joined: 11/27/2007
Posts: 3,604
madebe wrote:
naskia 8 times oversubscription. Exchange bar people news???


http://www.businessdaily...6/-/b1nl0kz/-/index.html
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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Ericsson
#232 Posted : Wednesday, September 03, 2014 12:28:50 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,811
Location: NAIROBI
DTB oversubscription 463%.
NSE oversubscription 663%
UAP bond oversubscription 59%
Britam oversubscription 247%

This madness of oversubscription can be brought to a close or reduced if the following rights issue are held to soak up the excess liquidity;
KENGEN rights issue to raise ksh.15bn
NBK rights issue to raise ksh.10bn
Uchumi rights issue to raise ksh.1.5bn
Overto youu treasury secretary Henry Rotich do the necessary to hasten the process
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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BGL
#233 Posted : Wednesday, September 03, 2014 2:48:59 AM
Rank: Veteran

Joined: 10/11/2009
Posts: 1,223
The formula of allocation is out.

Applicants will be allocated 500 shares and thereafter in multiples of 100 shares on pro rata basis rounded DOWN to the nearest 100 shares.
The AVERAGE pro rata allocation rate that HAS BEEN USED is 11.11%
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: Wednesday, September 03, 2014 2:50 AM | Reason: Not specified
Sufficiently Philanga....thropic
#234 Posted : Wednesday, September 03, 2014 10:22:05 AM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
BGL wrote:
The formula of allocation is out.

Applicants will be allocated 500 shares and thereafter in multiples of 100 shares on pro rata basis rounded DOWN to the nearest 100 shares.
The AVERAGE pro rata allocation rate that HAS BEEN USED is 11.11%

This one dwarfs Safaricom's allocation which was 23% of shares applied for.
@SufficientlyP
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  | | Edit by user: Wednesday, September 03, 2014 10:23 AM | Reason: Not specified
mwekez@ji
#235 Posted : Wednesday, September 03, 2014 10:35:43 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
BGL wrote:
The formula of allocation is out.

Applicants will be allocated 500 shares and thereafter in multiples of 100 shares on pro rata basis rounded DOWN to the nearest 100 shares.
The AVERAGE pro rata allocation rate that HAS BEEN USED is 11.11%


Massive level of confidence. Employee pool also oversubscribed. They will be allocated at a rate of 9.29%
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Aguytrying
#236 Posted : Wednesday, September 03, 2014 11:57:12 AM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
mwekez@ji wrote:
BGL wrote:
The formula of allocation is out.

Applicants will be allocated 500 shares and thereafter in multiples of 100 shares on pro rata basis rounded DOWN to the nearest 100 shares.
The AVERAGE pro rata allocation rate that HAS BEEN USED is 11.11%


Massive level of confidence. Employee pool also oversubscribed. They will be allocated at a rate of 9.29%


true. let's remember there were only 66 million shares on offer worth 627million shs. one institution could have bought everything
The investor's chief problem - and even his worst enemy - is likely to be himself
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Angelica _ann
#237 Posted : Wednesday, September 03, 2014 12:07:47 PM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
BD is at it again;


NSE share sale oversubscribed 663 per cent. According to the NSE, the level of oversubscription in the IPO is the highest in the market’s 50 year history, eclipsing that of Eveready at 900 per cent.

663/900 how?
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Euge
#238 Posted : Wednesday, September 03, 2014 1:36:20 PM
Rank: Elder

Joined: 8/4/2008
Posts: 2,849
Location: Rupi
Aguytrying wrote:
mwekez@ji wrote:
BGL wrote:
The formula of allocation is out.

Applicants will be allocated 500 shares and thereafter in multiples of 100 shares on pro rata basis rounded DOWN to the nearest 100 shares.
The AVERAGE pro rata allocation rate that HAS BEEN USED is 11.11%


Massive level of confidence. Employee pool also oversubscribed. They will be allocated at a rate of 9.29%


true. let's remember there were only 66 million shares on offer worth 627million shs. one institution could have bought everything


Even one person. Watu wana pesa.
Lord, thank you!
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Angelica _ann
#239 Posted : Wednesday, September 03, 2014 1:39:36 PM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
Euge wrote:
Aguytrying wrote:
mwekez@ji wrote:
BGL wrote:
The formula of allocation is out.

Applicants will be allocated 500 shares and thereafter in multiples of 100 shares on pro rata basis rounded DOWN to the nearest 100 shares.
The AVERAGE pro rata allocation rate that HAS BEEN USED is 11.11%


Massive level of confidence. Employee pool also oversubscribed. They will be allocated at a rate of 9.29%


true. let's remember there were only 66 million shares on offer worth 627million shs. one institution could have bought everything


Even one person. Watu wana pesa.

You read about one last week who forgot shares worth Kshs. 1.2B during CMC buyout and he was saying it was a small matter now sorted out!
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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sparkly
#240 Posted : Wednesday, September 03, 2014 4:49:04 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Wait for the refunds, and a mad rally after the listing! This one will hit 40 bob within days of listing!

Bookmark this post.
Life is short. Live passionately.
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