hisah wrote:KCB is very bold to attempt a rights issue in this environment with all the banking drama. Why come for rights at this time? The tense market can easily assume all is not well internally if you're raising cash in such stormy weather! As seen in another thread I also think buying coop makes more sense now than kcb or equity. I still have issues with member coz Helios sold their gold (equity shares). Why sell this gold to pay for Orange acquisition?
They sold as they anticipated bigger returns in Orange than holding a stake in Equity.
John 5:17 But Jesus replied, “My Father is always working, and so am I.”