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EQUITY BANK SUSPENDED AS A CDA
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adept
#11 Posted : Wednesday, April 08, 2009 10:59:00 AM
Rank: Member

Joined: 12/8/2008
Posts: 359
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Njunge
#12 Posted : Wednesday, April 08, 2009 11:09:00 AM
Rank: Elder

Joined: 2/7/2007
Posts: 11,935
Location: Nairobi
@Stocksmaster,

Good information........This though,still does not explain the suspension.......


Guka wa bijuti...
Nothing great was ever achieved without enthusiasm.
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Mali
#13 Posted : Wednesday, April 08, 2009 11:09:00 AM
Rank: Member

Joined: 7/3/2008
Posts: 238
Never too late to look back!

if the incompetent and the reckless compete,the result is a disaster.. MN
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VituVingiSana
#14 Posted : Wednesday, April 08, 2009 11:26:00 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,380
Location: Nairobi
They need to officially address the matter. Perhaps Equity will do so since their reputation at stake.

Greedy when others are fearful,Very fearful when others are greedy - to paraphrase WB
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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KulaRaha
#15 Posted : Wednesday, April 08, 2009 12:24:00 PM
Rank: Elder

Joined: 7/26/2007
Posts: 6,514
Its because Equity refused to pay CDS fees amounting to KES100M from the Safcom deal.

Dont pay,dont play!


Business opportunities are like buses,there's always another one coming
Business opportunities are like buses,there's always another one coming
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Donedeal
#16 Posted : Wednesday, April 08, 2009 12:51:00 PM
Rank: Member

Joined: 1/13/2009
Posts: 60
@ Kula Raha. You nailed it!

Pay up or Ship out!


The opportunities lie in the challenge. Go for the challenge.
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ddsimiyu
#17 Posted : Wednesday, April 08, 2009 1:16:00 PM
Rank: Member

Joined: 1/8/2007
Posts: 116
Location: Kampala
Why should brokers pay 251M for a seat and Equity pirates all the money.

Desiderious
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shareholder
#18 Posted : Wednesday, April 08, 2009 1:32:00 PM
Rank: Member

Joined: 1/3/2009
Posts: 5
I thought a CDA can only transact through one broker. If I'm right,why is Equity doing it with 8?

$$$
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The General
#19 Posted : Wednesday, April 08, 2009 1:49:00 PM
Rank: Member

Joined: 6/3/2006
Posts: 553
Relax,if these vibes doing the rounds would have the potential of affecting them negatively,they would have issued a statement by now

The thicker the thigh the sweeter the pie.
The thicker the thigh the sweeter the pie.
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VituVingiSana
#20 Posted : Wednesday, April 08, 2009 2:17:00 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,380
Location: Nairobi
Stockbrokers are jealous of EB. EB provides safety that most brokers do not. Lakini EB shud tell us why the 'suspension'.

Greedy when others are fearful,Very fearful when others are greedy - to paraphrase WB
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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