wazua Mon, Mar 23, 2026
Welcome Guest Search | Active Topics | Log In

2 Pages12>
CFC Insurance at NSE by October
Options
Previous Topic · Next Topic
mwala
#1 Posted : Wednesday, June 09, 2010 3:15:50 PM
Rank: Member

Joined: 9/22/2008
Posts: 79
Guys what do you think about this ,just read that the listing of the company will be by October this year.
Back to top
  |
trizher
#2 Posted : Wednesday, June 09, 2010 4:54:13 PM
Rank: New-farer

Joined: 5/23/2010
Posts: 95
Location: Tikrit - IRAQ
@Mwala
where did u read that?
...We do it for the $$$$!!
Back to top
  |
mwala
#3 Posted : Thursday, June 10, 2010 5:58:19 AM
Rank: Member

Joined: 9/22/2008
Posts: 79
Back to top
  |
mukiha
#4 Posted : Thursday, June 10, 2010 7:40:00 AM
Rank: Elder

Joined: 6/27/2008
Posts: 4,114
mwala wrote:
Guys what do you think about this ,just read that the listing of the company will be by October this year.


This is what I would call "olds"...as opposed to "news"!

I've been stocking up CFC shares for quite a long time in readiness for this listing!
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
Back to top
  |
My 2 cents
#5 Posted : Thursday, June 10, 2010 8:03:08 AM
Rank: Veteran

Joined: 6/2/2010
Posts: 1,089
@mukiha, at least you will be paid some monies when cfclife is spun out of CFC bank. As a previous KenGen shareholder, I was totally pissed off when Geothermal Development Authority was spinned off KenGen with no benefits at all to shareholders. This is what you call thievery!!!!

You buy a company, they split it into two parts and you do not get shares in the second company. Essentially your investment is diluted.
Back to top
  |
Scubidu
#6 Posted : Thursday, June 10, 2010 8:31:59 AM
Rank: Veteran

Joined: 9/4/2009
Posts: 700
Location: Nairobi
@my2cents & mukiha. So if I understand you correctly. Your buying CFC Stanbic Group now, in anticipation that when they're listed separately you'll have the choice as to whether you'll be compensated as a shareholder of either CFC Stanbic Bank or CFC Insurance. Isn't that the problem here, the share rallied but know one knows what they are buying. Why not wait and find out how the process will be handled?
“We are the middle children of history man, no purpose or place. We have no great war, no great depression. Our great war is a spiritual war, our great depression is our lives!" – Tyler Durden
Back to top
  |
mukiha
#7 Posted : Thursday, June 10, 2010 8:35:05 AM
Rank: Elder

Joined: 6/27/2008
Posts: 4,114
My 2 cents wrote:
@mukiha, at least you will be paid some monies when cfclife is spun out of CFC bank. As a previous KenGen shareholder, I was totally pissed off when Geothermal Development Authority was spinned off KenGen with no benefits at all to shareholders. This is what you call thievery!!!!

You buy a company, they split it into two parts and you do not get shares in the second company. Essentially your investment is diluted.

No! GDC was NOT spun off from KenGen! It was created from scratch. So was KETRACO.

KenGen did not get any "smaller" when these two were formed! So KenGen shareholders cannot make any claim on these.

KenGen, however, was hived off from KPLC
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
Back to top
  | | Edit by user: Thursday, June 10, 2010 8:37 AM | Reason: Not specified
mukiha
#8 Posted : Thursday, June 10, 2010 8:40:29 AM
Rank: Elder

Joined: 6/27/2008
Posts: 4,114
Scubidu wrote:
@my2cents & mukiha. So if I understand you correctly. Your buying CFC Stanbic Group now, in anticipation that when they're listed separately you'll have the choice as to whether you'll be compensated as a shareholder of either CFC Stanbic Bank or CFC Insurance. Isn't that the problem here, the share rallied but know one knows what they are buying. Why not wait and find out how the process will be handled?


The formula is known: One share of CFC Ins for one Share in CFC Stanbic Holdings. Only approvals are pending.

The bet is whether the two separate shares will be worth more than the single share...
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
Back to top
  |
VituVingiSana
#9 Posted : Thursday, June 10, 2010 8:53:01 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
@my2cents: Erm, your 2 cents seem to be just 2 cents!

As @mukiha pointed out that GDC was created to exploit the Geothermal potential but without the need to be within an entity like KenGen.

GDC can undertake capital intensive (& long-term) projects backed by GoK guarantees & multilateral (or development) funding... KenGen (coz of the 'profit' motive as well as other reasons) will find it harder to negotiate these deals where 'public' money is involved...

Do I agree with GDC being funded by GoK? That is a whole different kettle of fish...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Back to top
  |
mwala
#10 Posted : Thursday, June 10, 2010 8:58:26 AM
Rank: Member

Joined: 9/22/2008
Posts: 79
at 11.00 it has traded 5600 demand at 70.5 against a supply of 74,the average price as at now is 71.50.
Back to top
  |
2 Pages12>
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.