wazua Tue, Mar 24, 2026
Welcome Guest Search | Active Topics | Log In

6 Pages«<23456>
buying CIC at kes 38
Options
Previous Topic · Next Topic
blaqlegend
#31 Posted : Wednesday, August 25, 2010 2:14:08 PM
Rank: New-farer

Joined: 8/5/2010
Posts: 20
Location: Nairobi
sorry i meant 500.I own thro proxy...only paid my pal(who is a member to buy for me)
Back to top
  |
PKoli
#32 Posted : Wednesday, August 25, 2010 2:22:53 PM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
blaqlegend wrote:
sorry i meant 500.I own thro proxy...only paid my pal(who is a member to buy for me)


I propose that you join a sacco now, have your friend sell to you the 500 shares and after 15th you should be able to participate in the EGM
Back to top
  |
TUPAC
#33 Posted : Wednesday, September 01, 2010 1:15:27 PM
Rank: Member

Joined: 12/8/2009
Posts: 274
Location: Ltktk
when did cic sell these shares to individual sacco members? coz am a sacco member na sikusikia wala kuona!!
...things fall apart...the centre cannot hold..mere anarchy is loosed upon the world...w b yeats
Back to top
  |
BGL
#34 Posted : Wednesday, September 01, 2010 1:46:10 PM
Rank: Veteran

Joined: 10/11/2009
Posts: 1,223
CIC did a private placement aimed at raising Ksh.450 million selling 20 million shares priced at Sh22.50. The target was co-operative societies and their individual members. I remember the application forms had to be countersigned by Sacco Managers.

The placement closed on December 31, 2007 and was grossly undersubscribed raising Ksh.234 million.
History will not remember you for your IQ. It will remember you for what you did. “Genius is 1 percent inspiration, 99 percent perspiration.” Thomas Edison
Back to top
  |
TUPAC
#35 Posted : Wednesday, September 01, 2010 2:05:46 PM
Rank: Member

Joined: 12/8/2009
Posts: 274
Location: Ltktk
@BGL do you think they will do the same this time? or how else will they raise the 400M they will be seeking?
do they have other means?coz they r not listed.
...things fall apart...the centre cannot hold..mere anarchy is loosed upon the world...w b yeats
Back to top
  |
BGL
#36 Posted : Wednesday, September 01, 2010 3:00:41 PM
Rank: Veteran

Joined: 10/11/2009
Posts: 1,223
Good question

TUPAC wrote:
@BGL do you think they will do the same this time? or how else will they raise the 400M they will be seeking?
do they have other means?coz they r not listed.



They are creating 20,000,000 (Twenty Million) ordinary shares of Kenya Shillings Twenty (Kshs 20)to be sold before the end of the year to members of cooperative societies.

In 2007, i was sceptical and i put in only Ksh 22,500 for 1000 shares, this time around,i will put in 500k worth of shares. I see it going the cooperative bank way in the next 2-3yrs. I won't be attending the EGM (i am very busy..... and my boss once said he does not pay staff to attend AGMs) scheduled for Sept 17 but i got the agenda.
History will not remember you for your IQ. It will remember you for what you did. “Genius is 1 percent inspiration, 99 percent perspiration.” Thomas Edison
Back to top
  | | Edit by user: Wednesday, September 01, 2010 3:05 PM | Reason: Not specified
PKoli
#37 Posted : Wednesday, September 01, 2010 3:25:24 PM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
BGL wrote:
CIC did a private placement aimed at raising Ksh.450 million selling 20 million shares priced at Sh22.50. The target was co-operative societies and their individual members. I remember the application forms had to be countersigned by Sacco Managers.

The placement closed on December 31, 2007 and was grossly undersubscribed raising Ksh.234 million.


The signing was not by Sacco Managers, but any official. The whole subscription was not grossly underscribed, but just by a few shares.
Back to top
  |
TUPAC
#38 Posted : Wednesday, September 01, 2010 3:30:18 PM
Rank: Member

Joined: 12/8/2009
Posts: 274
Location: Ltktk
and what could be the worth of the shares now if at all someone would be transacting in them?
...things fall apart...the centre cannot hold..mere anarchy is loosed upon the world...w b yeats
Back to top
  |
BGL
#39 Posted : Wednesday, September 01, 2010 3:46:07 PM
Rank: Veteran

Joined: 10/11/2009
Posts: 1,223
why buy @ 38 if you can get it at 20bob not unless you are not a SACCO member.

@pkoli
They were raising 450mn, they got 234mn which was 48% less that their target. Regarding the signatories they needed a stamp with an authorized signatory sometimes even a seal.

@ TUPAC
You can download the 2009 annual report from their website and do the numbers... I ain't an accountant so i cannot make your answer from them. However Wazua's most decorated accountant VituVingiSana (senior Elder)or any other accountant can help you out.

here is the annual report http://www.cic.co.ke/pub..._ANNUAL_REPORT_20091.pdf
History will not remember you for your IQ. It will remember you for what you did. “Genius is 1 percent inspiration, 99 percent perspiration.” Thomas Edison
Back to top
  | | Edit by user: Wednesday, September 01, 2010 3:48 PM | Reason: Not specified
PKoli
#40 Posted : Wednesday, September 01, 2010 3:50:54 PM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
BGL wrote:
Good question

TUPAC wrote:
@BGL do you think they will do the same this time? or how else will they raise the 400M they will be seeking?
do they have other means?coz they r not listed.



They are creating 20,000,000 (Twenty Million) ordinary shares of Kenya Shillings Twenty (Kshs 20)to be sold before the end of the year to members of cooperative societies.

In 2007, i was sceptical and i put in only Ksh 22,500 for 1000 shares, this time around,i will put in 500k worth of shares. I see it going the cooperative bank way in the next 2-3yrs. I won't be attending the EGM (i am very busy..... and my boss once said he does not pay staff to attend AGMs) scheduled for Sept 17 but i got the agenda.


I was lucky I took about 10K CiC and have since added more. I am geared to take all my rights and more. It will surely go the cooperative way. They also own a chunk of shares of coop which they got pre-listing. This could be a super stock
Back to top
  |
6 Pages«<23456>
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.