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PRIVATE PLACEMENT
Mpenzi
#11 Posted : Wednesday, November 24, 2010 8:25:12 PM
Rank: Veteran

Joined: 10/17/2008
Posts: 1,234
Apple Bees wrote:
and soon inoorero university (they did it in 2007 but was not successful. am told they wanna try again)


Inoorero did a private placement last year - and it was successful. They raised 300 million. They now want to raise 200 million to build their campus in Kitengela.
The Merchant
#12 Posted : Wednesday, November 24, 2010 8:27:43 PM
Rank: Veteran

Joined: 5/24/2010
Posts: 846
Location: KENYA
Mpenzi wrote:
Gatheuzi wrote:
.... And we also had the deacons offer.


No, Deacons' is a public offer

No Deacons is not a public offer. I know the media is a little misleading on this BUT IT IS a private placement.
Mpenzi
#13 Posted : Wednesday, November 24, 2010 8:43:43 PM
Rank: Veteran

Joined: 10/17/2008
Posts: 1,234
The Merchant wrote:
Mpenzi wrote:
Gatheuzi wrote:
.... And we also had the deacons offer.


No, Deacons' is a public offer

No Deacons is not a public offer. I know the media is a little misleading on this BUT IT IS a private placement.


I have seen the documentation. It is a PUBLIC OFFER.
Apple Bees
#14 Posted : Wednesday, November 24, 2010 8:51:33 PM
Rank: Member

Joined: 7/5/2008
Posts: 390
Mpenzi wrote:
Apple Bees wrote:
and soon inoorero university (they did it in 2007 but was not successful. am told they wanna try again)


Inoorero did a private placement last year - and it was successful. They raised 300 million. They now want to raise 200 million to build their campus in Kitengela.

thanx for the correction
VituVingiSana
#15 Posted : Wednesday, November 24, 2010 10:50:14 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
http://www.businessdaily...552/1059616/-/yeay18z/-/
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
sparkly
#16 Posted : Thursday, November 25, 2010 7:25:55 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
VituVingiSana wrote:
http://www.businessdailyafrica.com/I&M%20Bank%20plans%20to%20extend%20loan%20maturities/-/539552/1059616/-/yeay18z/-/

@vvs i believe I&M is certainly bigger than the number 12 it said to be. Its assets are held out in a complex web of investment companies eg mnana limited, orchid investments, general insurance, minard investments...Check the accounts
Life is short. Live passionately.
VituVingiSana
#17 Posted : Thursday, November 25, 2010 8:18:35 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
sparkly wrote:
VituVingiSana wrote:
http://www.businessdailyafrica.com/I&M%20Bank%20plans%20to%20extend%20loan%20maturities/-/539552/1059616/-/yeay18z/-/

@vvs i believe I&M is certainly bigger than the number 12 it said to be. Its assets are held out in a complex web of investment companies eg mnana limited, orchid investments, general insurance, minard investments...Check the accounts

No, you are mistaken.
- The firms [Minard, Tecoma, Mnana, etc] are shareholders of I&M Bank Ltd
- I have no idea who/what Orchid Investments is
- General Accident is a Related Company (common directorship). I doubt that I&M Bank owns any part of General Accident but I may be mistaken
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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