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Jamii Bora _ Future projection
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Pirate
#1 Posted : Monday, February 08, 2016 11:58:00 AM
Rank: Member


Joined: 4/4/2007
Posts: 91
Hi Wazuans,

I bought a number of OTC shares for Jamii Bora 2 yrs ago . The bank has since been on an expansion with financing from a rights issue over 1 yrs ago and is planning to borrow about 5B from a combination of strategic investor , convertible debt and rights issue.

My concerns are increasing share price dilution due to the rights issues and its long strategy, which is not very clear to me right now.

Looking for advise or leads to determine to buy more ,hold or sell .
Knowledge is power , but action gets things done ...
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Aguytrying
#2 Posted : Monday, February 08, 2016 12:28:02 PM
Rank: Elder


Joined: 7/11/2010
Posts: 5,040
Pirate wrote:
Hi Wazuans,

I bought a number of OTC shares for Jamii Bora 2 yrs ago . The bank has since been on an expansion with financing from a rights issue over 1 yrs ago and is planning to borrow about 5B from a combination of strategic investor , convertible debt and rights issue.

My concerns are increasing share price dilution due to the rights issues and its long strategy, which is not very clear to me right now.

Looking for advise or leads to determine to buy more ,hold or sell .


Get Financial reports and details of previous and upcoming rights and convertible debt. Current share price. To be able to value the company
The investor's chief problem - and even his worst enemy - is likely to be himself
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streetwise
#3 Posted : Monday, February 08, 2016 1:52:20 PM
Rank: Veteran


Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
Do they pay dividends or bonus shares etc ?.
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Pirate
#4 Posted : Monday, February 08, 2016 2:34:18 PM
Rank: Member


Joined: 4/4/2007
Posts: 91
streetwise wrote:
Do they pay dividends or bonus shares etc ?.


None so far . Bonus shared issued only on participation in the rights issue meaning if you don't have fund .. trouble
Knowledge is power , but action gets things done ...
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luxel
#5 Posted : Saturday, April 16, 2016 6:27:06 PM
Rank: Member


Joined: 7/17/2008
Posts: 152
Received kshs 1.2B. The core capital now is kshs 4.4B.
The bank has moved from no.43 to 26.
@pirate, you made the right choice. You just need to appreciate that it's long term.
Don't worry much about dilution. You will end up owning a smaller portion of a very big corporate.
The CEO & CCO have enough experience from KCB. They have a personal stake and are determined.
If you can,buy more. You will be better off than those who are buying land.
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kiash
#6 Posted : Sunday, April 17, 2016 12:30:10 PM
Rank: Veteran


Joined: 4/27/2010
Posts: 951
Location: Nyumbani
Are these not the guys who bought a part of Ushumi?
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Sober
#7 Posted : Monday, April 18, 2016 11:22:59 AM
Rank: Elder


Joined: 11/27/2007
Posts: 3,604
kiash wrote:
Are these not the guys who bought a part of Ushumi?


THis Bank was at one time linked to the Mathare United owner, Bob Munro. Has this changed
?
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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Pirate
#8 Posted : Monday, April 18, 2016 2:22:34 PM
Rank: Member


Joined: 4/4/2007
Posts: 91
luxel wrote:
Received kshs 1.2B. The core capital now is kshs 4.4B.
The bank has moved from no.43 to 26.
@pirate, you made the right choice. You just need to appreciate that it's long term.
Don't worry much about dilution. You will end up owning a smaller portion of a very big corporate.
The CEO & CCO have enough experience from KCB. They have a personal stake and are determined.
If you can,buy more. You will be better off than those who are buying land.


Thanks for the positive news .
Knowledge is power , but action gets things done ...
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streetwise
#9 Posted : Tuesday, April 19, 2016 8:33:37 AM
Rank: Veteran


Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
Si Wamalize kujenga Kisaju
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Sober
#10 Posted : Tuesday, April 19, 2016 2:30:09 PM
Rank: Elder


Joined: 11/27/2007
Posts: 3,604
Pirate wrote:
Hi Wazuans,

I bought a number of OTC shares for Jamii Bora 2 yrs ago . The bank has since been on an expansion with financing from a rights issue over 1 yrs ago and is planning to borrow about 5B from a combination of strategic investor , convertible debt and rights issue.

My concerns are increasing share price dilution due to the rights issues and its long strategy, which is not very clear to me right now.

Looking for advise or leads to determine to buy more ,hold or sell .


How does one buy the shares OTC? I am interested.
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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Pirate
#11 Posted : Tuesday, April 19, 2016 3:28:38 PM
Rank: Member


Joined: 4/4/2007
Posts: 91
Sober wrote:
Pirate wrote:
Hi Wazuans,

I bought a number of OTC shares for Jamii Bora 2 yrs ago . The bank has since been on an expansion with financing from a rights issue over 1 yrs ago and is planning to borrow about 5B from a combination of strategic investor , convertible debt and rights issue.

My concerns are increasing share price dilution due to the rights issues and its long strategy, which is not very clear to me right now.

Looking for advise or leads to determine to buy more ,hold or sell .


How does one buy the shares OTC? I am interested.

Get in touch with the legal officer from the head office. They will notify you on shares available for sale.
You will need to open an account with Jamii Bora , then deposit the amount of money you'd want to buy shares for to make it faster. It took me about 6 mths before getting someone who was selling .
Knowledge is power , but action gets things done ...
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Bachuma Gate
#12 Posted : Tuesday, April 19, 2016 5:40:36 PM
Rank: Member


Joined: 3/26/2012
Posts: 280
Go to Faida Securities. Last I spoke to them they had guys who wanted to sell. 4months ago
DOH
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Chaka
#13 Posted : Tuesday, April 19, 2016 9:32:25 PM
Rank: Elder


Joined: 2/16/2007
Posts: 2,114
Bachuma Gate wrote:
Go to Faida Securities. Last I spoke to them they had guys who wanted to sell. 4months ago

Would you know what the share price was then?
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