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Muramati Sacco shares
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The Merchant
#51 Posted : Tuesday, December 28, 2010 2:57:55 PM
Rank: Veteran

Joined: 5/24/2010
Posts: 846
Location: KENYA
@Pkoli...I have not seen the ad in the paper(Im far off). Does this mean that CMA is advising against participating in this private placement at worst or having a do-it-at-your-own-risk attitude at best?
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PKoli
#52 Posted : Tuesday, December 28, 2010 3:05:38 PM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
The Merchant wrote:
@Pkoli...I have not seen the ad in the paper(Im far off). Does this mean that CMA is advising against participating in this private placement at worst or having a do-it-at-your-own-risk attitude at best?



Check page 21 of the Daily Nation. I am not sure if it is same page for other regional dailies, i.e Western and Coast.

CMA is saying they have not snactioned it and so people buying the 'shares' are doing so ay their own risk
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Ilikeyou
#53 Posted : Tuesday, December 28, 2010 3:42:13 PM
Rank: Member

Joined: 11/21/2007
Posts: 152
Location: Nairobi
Why CMA raising their concern now?
The Sales has been on since around 20th Oct & was set to close on 31st Dec 2010.

I already bought the shares.
I don't require CMA Approval to gauge a sound investment move.
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yosie03
#54 Posted : Tuesday, December 28, 2010 3:57:38 PM
Rank: New-farer

Joined: 12/21/2010
Posts: 9
Somebody shed some light into whether CMA is acting out of mandate or just to seek relevance.Anyway I find it a tricky issue coz all the MFI's do like Muramati are doing now.Talk about Equity,Family and others they all started selling their shares in a kienyenji manner before they were even popular.Furthermore Muramati started selling their shares to a section of the public esp accountholders more than 5 yrs ago and they have been doing it all along,giving generous dividends and bonuses...Anyway it's arisky investment and may be equally rewarding.CMA approval changes nothing you lose money even with their approval(uchumi e.g).CHAGUO NI LAKO
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The Merchant
#55 Posted : Tuesday, December 28, 2010 4:37:57 PM
Rank: Veteran

Joined: 5/24/2010
Posts: 846
Location: KENYA
PKoli wrote:
The Merchant wrote:
@Pkoli...I have not seen the ad in the paper(Im far off). Does this mean that CMA is advising against participating in this private placement at worst or having a do-it-at-your-own-risk attitude at best?



Check page 21 of the Daily Nation. I am not sure if it is same page for other regional dailies, i.e Western and Coast.

CMA is saying they have not snactioned it and so people buying the 'shares' are doing so ay their own risk

The regulatory risk here is too high. Ill opt out of this one. Hopefully I will not eat my words. Now Muramati needs to come out and make their numbers available to all to eliminate this regulatory risk. Its upto them now. If they do not handle this one well it says alot about the company and we are all probably better of not investing in the company. Shame on you
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mmichira
#56 Posted : Tuesday, December 28, 2010 5:01:09 PM
Rank: Hello

Joined: 10/14/2010
Posts: 1
Location: NAIROBI
it falls squarely on CMA's role to regulate all fundraising activities, and thus must give approvals in such issues,

Much as Muramati could be the next Equity if not better, the average Kenyan needs to be protected from the Maddoff likes, and is such the reason why any issuer should submitt an information memorandum which deacons did.

Once an issue is advertised like this one was, it ceases to be a private placement
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Tommy
#57 Posted : Tuesday, December 28, 2010 5:02:21 PM
Rank: Veteran

Joined: 12/9/2010
Posts: 894
Location: Nairobi
@ ilikeyou, according to cma, it has just come to their attention through a section of the media(both tv n print) and this makes me wonder which mrkt they are regulating and where their staff reside. its too late for them to start their blah blahs.
Don't wait for the Last Judgment. It happens every day. ~Albert Camus, The Fall, 1956
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Sober
#58 Posted : Tuesday, December 28, 2010 9:53:29 PM
Rank: Elder

Joined: 11/27/2007
Posts: 3,604
It is sad that guys here at wazua are ahead of CMA. And now we are being warned against buying tha shares.
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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obiero
#59 Posted : Tuesday, December 28, 2010 9:58:57 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,213
Location: nairobi
Murawhat! People actually bought these things!? Kenyans are runnin out of wisdom

KQ ABP 4.26
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BGL
#60 Posted : Tuesday, December 28, 2010 10:05:52 PM
Rank: Veteran

Joined: 10/11/2009
Posts: 1,223
obiero wrote:
Murawhat! People actually bought these things!? Kenyans are runnin out of wisdom


Remember the same warning when Real Insurance where doing their Private Placement. Also they won a FiRe award for the best managed Sacco. This is an individual decision but i am in it besides CMA=Wakora.
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
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