wazua Tue, Mar 24, 2026
Welcome Guest Search | Active Topics | Log In

16 Pages«<89101112>»
UAP Group set to enter OTC shares market
Options
Previous Topic · Next Topic
Ericsson
#91 Posted : Tuesday, January 27, 2015 10:14:50 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
Key word that Wanjui said is that they will try to meet the target.That just tells it all.
In the listing which of the remaining partners would agree to reduce their stake.
One of the requirements of listing is that a quarter of the stake be put up for sale.
For the case of I&M it was the private equity partners reducing their stake.
For UAP Old Mutual nor Joe Wanjui will be keen to reduce their stake.
This year Old Mutual would be doing re-alignment so in my own view listing this year is a mirage.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Back to top
WWW
  |
Sober
#92 Posted : Tuesday, January 27, 2015 10:59:25 AM
Rank: Elder

Joined: 11/27/2007
Posts: 3,604
Okay, i see Old Mutual is buying 37.3% of UAP’s existing share capital bringing their stake to 60.7%
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
Back to top
  |
mthaka
#93 Posted : Tuesday, January 27, 2015 12:00:27 PM
Rank: Member

Joined: 9/30/2013
Posts: 254
friends those of us small investors with about 32,270 shares what is the way foward,read the advert in the media and got no headways
Back to top
  |
mthaka
#94 Posted : Tuesday, January 27, 2015 12:02:28 PM
Rank: Member

Joined: 9/30/2013
Posts: 254
friends those of us small investors with about 32,270 shares what is the way forward,read the advert in the media and got no headways
Back to top
  |
jerry
#95 Posted : Tuesday, January 27, 2015 12:41:12 PM
Rank: Elder

Joined: 9/29/2006
Posts: 2,570
mthaka wrote:
friends those of us small investors with about 32,270 shares what is the way foward,read the advert in the media and got no headways

How many small investors do we have in UAP?
The opposite of courage is not cowardice, it's conformity.
Back to top
  | | Edit by user: Tuesday, January 27, 2015 1:00 PM | Reason: Not specified
BGL
#96 Posted : Tuesday, January 27, 2015 6:15:13 PM
Rank: Veteran

Joined: 10/11/2009
Posts: 1,223
One of the clauses of the sale agreement says that

'On completion of the purchase from the PE Investors, UAPHL will retain its diverse and loyal Kenyan shareholder base of nearly one thousand persons, and will be able to continue on its path to its intended eventual listing of its shares on the NSE. Dr Joseph Wanjui, on behalf of Bawan Limited, and Mr James Muguiyi who collectively hold 26.43% of the issued share capital of UAPHL have confirmed to OMH that they will remain as shareholders and directors of UAPHL.'
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
Back to top
  |
BGL
#97 Posted : Tuesday, January 27, 2015 7:05:07 PM
Rank: Veteran

Joined: 10/11/2009
Posts: 1,223
jerry wrote:
mthaka wrote:
friends those of us small investors with about 32,270 shares what is the way foward,read the advert in the media and got no headways

How many small investors do we have in UAP?


953

<100,000 shares: 910 shareholders (2.58%)
100,001 - 1,000,000: 29 shareholders (5.46%)
>1,000,000 : 14 shareholders (92%)

So, the 910 of us can be swallowed PAP at the correct price.
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
Back to top
  | | Edit by user: Tuesday, January 27, 2015 7:08 PM | Reason: Not specified
MaichBlack
#98 Posted : Tuesday, January 27, 2015 10:20:47 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,840
BGL wrote:
jerry wrote:
mthaka wrote:
friends those of us small investors with about 32,270 shares what is the way foward,read the advert in the media and got no headways

How many small investors do we have in UAP?


953

<100,000 shares: 910 shareholders (2.58%)
100,001 - 1,000,000: 29 shareholders (5.46%)
>1,000,000 : 14 shareholders (92%)

So, the 910 of us can be swallowed PAP at the correct price.

If this thing ever lists, the1000 of you (along with rest of the crew) will make extremely good money!!!

Supply will be extremely constrained! Demand definitely will be there! But where will supply come from? The 1000 of you should pray that this thing lists!
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
Back to top
  | | Edit by user: Wednesday, January 28, 2015 3:18 AM | Reason: Not specified
Mpenzi
#99 Posted : Tuesday, January 27, 2015 11:03:56 PM
Rank: Veteran

Joined: 10/17/2008
Posts: 1,234
At least one third of the shares in an insurance company must be owned by Kenyan citizens. So there is a limit as to what Old Mutual can acquire.
Back to top
  |
Ericsson
#100 Posted : Tuesday, January 27, 2015 11:21:57 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
The company is over valued by a very big margin.CIC which is doing better than them is at a margin of 30% lower in market cap than them.
Old Mutual paid a very high price for the company but maybe it was to woo the sellers to sell to them
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Back to top
WWW
  |
16 Pages«<89101112>»
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Wazua Investor Theme
Powered by YAF | YAF © 2003-2009, Yet Another Forum.NET
Copyright © 2026 Wazua.co.ke. All Rights Reserved.