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EQUITY BANK SUSPENDED AS A CDA
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ruby
#21 Posted : Wednesday, April 08, 2009 2:21:00 PM
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Joined: 3/31/2009
Posts: 56
Apparently CMA has revoked the suspension,so tomorrow morning they are back trading...

Ruby
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jokes
#22 Posted : Wednesday, April 08, 2009 2:22:00 PM
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Joined: 7/1/2008
Posts: 323
CMA has overturned the suspension. hii ni wivu tupu. it means equity is on to something good

Mzee Kobe Alimushinda Sungura.
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ruby
#23 Posted : Wednesday, April 08, 2009 2:23:00 PM
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Joined: 3/31/2009
Posts: 56
Apparently CMA has revoked the suspension,so tomorrow morning they are back trading...

Ruby
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Donedeal
#24 Posted : Wednesday, April 08, 2009 4:03:00 PM
Rank: Member


Joined: 1/13/2009
Posts: 60
You can fool some peoples sometime but you can't fool ALL pips ALL the time....... Be warned; chuma chenu ki motoni!

The opportunities lie in the challenge. Go for the challenge.
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VituVingiSana
#25 Posted : Wednesday, April 08, 2009 4:18:00 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,056
Location: Nairobi
where there is smoke there is fire... we want to know WHY...?

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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Kata
#26 Posted : Wednesday, April 08, 2009 5:50:00 PM
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Joined: 3/28/2009
Posts: 19
Is it why or the un-why? suspended...or is it not. This is capitalism the kenyan way. EB is in biz so are the brokers. Yote ni siasa tu tho' EB is giving the brokers a run for their money

Wisely and slow; they stumble that run fast
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jerry
#27 Posted : Wednesday, April 08, 2009 7:34:00 PM
Rank: Elder


Joined: 9/29/2006
Posts: 2,570
Some-1 should answer the shareholder. I'm interested. 2ndly,who fixes the 70%:30% CDA:BROKER commission sharing? This Should be reviewed to 50:50!

Ecs 11.2 Give portions to seven,yes to eight,for you do not know what disaster may come upon the land.
The opposite of courage is not cowardice, it's conformity.
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Mainat
#28 Posted : Wednesday, April 08, 2009 8:00:00 PM
Rank: Veteran


Joined: 11/21/2006
Posts: 1,590
Kularaha-the 100m Safcom amount rings a bell. But brokers were complaining that Citi owed them this. Had did it end up That Equity owes the same? Did brokers misunderstand their relationship with Equity? Play fair mboys...

CDSA on its part- I smell siasa za m-o-1 yani,its being used to fight Equity by proxy. I can't imagine 47m is a lot of cheddar for Equity.

www.mjengakenya.blogspot.com
Sehemu ndio nyumba
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dsktop
#29 Posted : Wednesday, April 08, 2009 8:06:00 PM
Rank: Member


Joined: 12/17/2007
Posts: 53
Equity used broker desperation against them.They pegged the 70:30.Now the brokers want a larger share so possibly 50:50.But it will be in the longterm interest of equity to acquire one and get over and done with because they will always want to feel like they can also call the shots(power play kenyan style)
wajinga wakierevuka........
But seriously equity suspended ......major PR coming up.

its never good till its gone!!!!
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BAAK
#30 Posted : Wednesday, April 08, 2009 9:18:00 PM
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Joined: 8/27/2008
Posts: 70
One thing you can be sure&hellip;CMA will stand by EB on this&hellip;.the primary objective of the stock market is to facilitate wealth creation and promote business&hellip;it is not about income for brokers&hellip;.EB is doing a great job to realise this NOBLE objective and CMA knows they should not be stopped&hellip;Further,EB has been doing shares trading for the last three years or so with full knowledge and thus approval of CMA,CDSC and NSE&hellip;there is no way someone can suddenly wake up and fault the arrangement after all these years&hellip;otherwise if CMA agrees there is an issue then HEAT will turn on them&hellip;where have they been as market watchdogs all this long&hellip;and indeed this would be an admission of incompetence on the part of CMA&hellip;

Really,if anyone has legitimate concerns regarding the current arrangement,then they should consult CMA for arbitration. Stopping EB from trading is not an option. EB has SIMPLY come too far to go back as far as shares trading is concerned.
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Mainat
#31 Posted : Wednesday, April 08, 2009 9:27:00 PM
Rank: Veteran


Joined: 11/21/2006
Posts: 1,590
Slight diversion,but it looks like Mwangi@ Rencap is going to run the custody business at Equity. Ama? If so,it'll be a great catch for Equity because he has a lot IB experience.

www.mjengakenya.blogspot.com
Sehemu ndio nyumba
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Tusker Baridi
#32 Posted : Wednesday, April 08, 2009 11:13:00 PM
Rank: Member


Joined: 12/9/2006
Posts: 186
I'm curious as to what suddenly triggered all this,was it the statement by Mwangi at the AGM regarding being the largest player in CDS business? Ama it retaliation for Mwangi's request that all its customers to transfer their shares from their stockbrokers to Equity?
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jerry
#33 Posted : Thursday, April 09, 2009 3:47:00 AM
Rank: Elder


Joined: 9/29/2006
Posts: 2,570
And what brought about fixing of minimum stake of a seat at NSE?

Ecs 11.2 Give portions to seven,yes to eight,for you do not know what disaster may come upon the land.
The opposite of courage is not cowardice, it's conformity.
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ogutuwalwanga
#34 Posted : Thursday, April 09, 2009 4:55:00 AM
Rank: Member


Joined: 3/25/2007
Posts: 55
AS long as MK is the head of state and UK in the tresury EB is 100% safe,whoever was trying to undermine it had to resind the decission within the day acting on orders from above.

ogutu
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Njunge
#35 Posted : Thursday, April 09, 2009 5:00:00 AM
Rank: Elder


Joined: 2/7/2007
Posts: 11,935
Location: Nairobi
Looks like the big Mboys wanted this elephant out of the room........Hawawesmek.....!!

Guka wa bijuti...
Nothing great was ever achieved without enthusiasm.
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TAZ
#36 Posted : Thursday, April 09, 2009 7:47:00 AM
Rank: Elder


Joined: 11/14/2007
Posts: 4,152
Ogutu.......

You would be suprised how wrong you are?


life is too short to blend in
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Donedeal
#37 Posted : Thursday, April 09, 2009 9:05:00 AM
Rank: Member


Joined: 1/13/2009
Posts: 60
EB is fighting a loosing battle with the SB. They will soon learn you should never ever burn your bridges. The die has been cast. Tuesday will be 'May day'.....bail out while you can,the bubble has trully gone burst!



The opportunities lie in the challenge. Go for the challenge.
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simonkabz
#38 Posted : Thursday, April 09, 2009 9:20:00 AM
Rank: Elder


Joined: 3/2/2007
Posts: 8,776
Location: Cameroon
@ donedeal,which bubble,n what is happening on tuesday? Kindly elaborate.

Truest proverb: Mwenda pole hajikwai
TULIA.........UFUNZWE!
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Donedeal
#39 Posted : Thursday, April 09, 2009 9:23:00 AM
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Joined: 1/13/2009
Posts: 60
@Simonkabz,am sorry but you simply have to keep up! The dye is cast....



The opportunities lie in the challenge. Go for the challenge.
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stockyt
#40 Posted : Thursday, April 09, 2009 9:39:00 AM
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Joined: 9/15/2006
Posts: 41
@ donedeal,do you mean that brokers will withhold all demand and avail all equity supplies come tuesday????
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