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I&M Bank to buy GIRO Bank
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VituVingiSana
#51 Posted : Saturday, September 12, 2015 6:11:14 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
sss wrote:
I & M do not own Sarit Centre, it is owned by the Text Book Centre Shah family.

The initials of Sarit S Shah (the ED of I&M Bank) are SSS Laughing out loudly Laughing out loudly Laughing out loudly and the CEO of GA is Sachit S Shah, also SSS Laughing out loudly Laughing out loudly Laughing out loudly

I enjoy reading Annual Reports. Always something interesting to pick out.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Boris Boyka
#52 Posted : Saturday, September 12, 2015 7:05:40 PM
Rank: Veteran

Joined: 11/15/2013
Posts: 1,977
Location: Here
VituVingiSana wrote:
sss wrote:
I & M do not own Sarit Centre, it is owned by the Text Book Centre Shah family.

The initials of Sarit S Shah (the ED of I&M Bank) are SSS Laughing out loudly Laughing out loudly Laughing out loudly and the CEO of GA is Sachit S Shah, also SSS Laughing out loudly Laughing out loudly Laughing out loudly

I enjoy reading Annual Reports. Always something interesting to pick out.

...and now sss wrote Laughing out loudly Laughing out loudly
Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Pesa Nane
#53 Posted : Friday, July 01, 2016 9:02:25 PM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
Acquisition of Giro Commercial Bank

Pesa Nane plans to be shilingi when he grows up.
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Pesa Nane
#54 Posted : Friday, July 01, 2016 9:07:41 PM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
Approval of the acquisition of 65% of Burbidge

Pesa Nane plans to be shilingi when he grows up.
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VituVingiSana
#55 Posted : Friday, July 01, 2016 10:05:14 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
The 3x in Authorized Share Capital... Kuna Kitu.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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VituVingiSana
#56 Posted : Friday, July 01, 2016 10:09:09 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
The 3x in Authorized Share Capital... Kuna Kitu. What is the question...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Aguytrying
#57 Posted : Saturday, July 02, 2016 10:40:21 AM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
VituVingiSana wrote:
The 3x in Authorized Share Capital... Kuna Kitu. What is the question...


Hopefully institutional investors coming in. or more acquisitions. This company is still settling down in terms of ownership structure and as a group.The finished product should be beautiful. However this means dilution to existing shareholders
The investor's chief problem - and even his worst enemy - is likely to be himself
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VituVingiSana
#58 Posted : Saturday, July 02, 2016 12:27:55 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
Aguytrying wrote:
VituVingiSana wrote:
The 3x in Authorized Share Capital... Kuna Kitu. What is the question...


Hopefully institutional investors coming in. or more acquisitions. This company is still settling down in terms of ownership structure and as a group.The finished product should be beautiful. However this means dilution to existing shareholders
I think there is an acquisition in the works.
1) CDC is now a large shareholder.
2) Actis sold BCR [Rwanda] to I&M.
3) Michael Turner is on the board of dfcu [Uganda] and I&M
4) CDC may be in a position to 'offer' financing/connections for other acquisitions. Barclays?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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The Great
#59 Posted : Saturday, July 02, 2016 5:25:35 PM
Rank: Member

Joined: 9/9/2015
Posts: 233
Why do we have so many rights issues?
"Buy when there's blood in the streets, even if the blood is your own."
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VituVingiSana
#60 Posted : Saturday, July 02, 2016 9:44:18 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
The Great wrote:
Why do we have so many rights issues?

Some firms have stupid or greedy advisors. On one hand I&M is paying almost 1.6bn in dividends and then raising 750mn from a Rights Issue. What a waste of money.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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