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Potential merger NIC + CBA
Horton
#1 Posted : Thursday, December 06, 2018 5:38:05 PM
Rank: Veteran


Joined: 8/30/2007
Posts: 1,334
Location: Nairobi
Just received a PDF talking about a potential merger between CBA & NIC it’s like a press statement
I own shares in KCB,CYTONN, BRK.B, Almasi Beverages and a few other private small businesses
murchr
#2 Posted : Thursday, December 06, 2018 5:41:45 PM
Rank: Elder


Joined: 2/26/2012
Posts: 13,653
Horton wrote:
Just received a PDF talking about a potential merger between CBA & NIC it’s like a press statement





Does that mean NIC will be de-listed?
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
mwekez@ji
#3 Posted : Thursday, December 06, 2018 5:47:26 PM
Rank: Chief


Joined: 5/31/2011
Posts: 5,056
murchr wrote:
Horton wrote:
Just received a PDF talking about a potential merger between CBA & NIC it’s like a press statement





Does that mean NIC will be de-listed?

I would say the other way round, CBA will be listed. Reverse listing
murchr
#4 Posted : Thursday, December 06, 2018 5:59:22 PM
Rank: Elder


Joined: 2/26/2012
Posts: 13,653
mwekez@ji wrote:
murchr wrote:
Horton wrote:
Just received a PDF talking about a potential merger between CBA & NIC it’s like a press statement





Does that mean NIC will be de-listed?

I would say the other way round, CBA will be listed. Reverse listing


So existing NIC shareholders own CBA? So how does that work? Asking from a very layman position.
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
AndyC
#5 Posted : Thursday, December 06, 2018 6:14:36 PM
Rank: New-farer


Joined: 4/21/2015
Posts: 78
murchr wrote:
mwekez@ji wrote:
murchr wrote:
Horton wrote:
Just received a PDF talking about a potential merger between CBA & NIC it’s like a press statement





Does that mean NIC will be de-listed?

I would say the other way round, CBA will be listed. Reverse listing


So existing NIC shareholders own CBA? So how does that work? Asking from a very layman position.


Kweli lisemwalo Lipo kama halipo laja...this was a rumour sometimes back.
murchr
#6 Posted : Thursday, December 06, 2018 6:18:57 PM
Rank: Elder


Joined: 2/26/2012
Posts: 13,653
Here is the doc



"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
Horton
#7 Posted : Thursday, December 06, 2018 6:24:39 PM
Rank: Veteran


Joined: 8/30/2007
Posts: 1,334
Location: Nairobi
Seems like these 2 have been dating for a while 😆😆😆 Jan 2015 apparently

https://businesstoday.co...and-nic-in-merger-talks/
I own shares in KCB,CYTONN, BRK.B, Almasi Beverages and a few other private small businesses
Ericsson
#8 Posted : Thursday, December 06, 2018 6:27:53 PM
Rank: Elder


Joined: 12/4/2009
Posts: 5,880
Location: NAIROBI
murchr wrote:
mwekez@ji wrote:
murchr wrote:
Horton wrote:
Just received a PDF talking about a potential merger between CBA & NIC it’s like a press statement





Does that mean NIC will be de-listed?

I would say the other way round, CBA will be listed. Reverse listing


So existing NIC shareholders own CBA? So how does that work? Asking from a very layman position.


There will be a ratio of how shareholders of NIC will get ownership of CBA.
The merger is similar to the cfc and Stanbic merger
obiero
#9 Posted : Thursday, December 06, 2018 6:50:20 PM
Rank: Elder


Joined: 6/23/2009
Posts: 10,937
Location: nairobi
Ericsson wrote:
murchr wrote:
mwekez@ji wrote:
murchr wrote:
Horton wrote:
Just received a PDF talking about a potential merger between CBA & NIC it’s like a press statement





Does that mean NIC will be de-listed?

I would say the other way round, CBA will be listed. Reverse listing


So existing NIC shareholders own CBA? So how does that work? Asking from a very layman position.


There will be a ratio of how shareholders of NIC will get ownership of CBA.
The merger is similar to the cfc and Stanbic merger

Of course the buyer in this case is CBA and not the reverse
DISCLAIMER: @obiero, MBA-MIS, CISA. Opinionated, owner of www.winda.co.ke. Aims to be factual
obiero
#10 Posted : Thursday, December 06, 2018 6:53:09 PM
Rank: Elder


Joined: 6/23/2009
Posts: 10,937
Location: nairobi
murchr wrote:
Horton wrote:
Just received a PDF talking about a potential merger between CBA & NIC it’s like a press statement





Does that mean NIC will be de-listed?

Yes. Its more than likely considering trends of other Kenyatta family enterprise
DISCLAIMER: @obiero, MBA-MIS, CISA. Opinionated, owner of www.winda.co.ke. Aims to be factual
Angelica _ann
#11 Posted : Thursday, December 06, 2018 9:56:46 PM
Rank: Elder


Joined: 12/7/2012
Posts: 9,714
Poor Cytonn, poor networks sold at the wrong time. Cc class 5 dropout thinking!!!
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
sparkly
#12 Posted : Thursday, December 06, 2018 10:07:36 PM
Rank: Elder


Joined: 9/23/2009
Posts: 6,503
Location: Enk are Nyirobi
obiero wrote:
murchr wrote:
Horton wrote:
Just received a PDF talking about a potential merger between CBA & NIC it’s like a press statement





Does that mean NIC will be de-listed?

Yes. Its more than likely considering trends of other Kenyatta family enterprise


This is a reverse meeger. An easy way for CBA to become listed. Just like CFC-Stanbic and IM-City Trust.
Life is short. Live passionately.
obiero
#13 Posted : Thursday, December 06, 2018 10:07:40 PM
Rank: Elder


Joined: 6/23/2009
Posts: 10,937
Location: nairobi
Angelica _ann wrote:
Poor Cytonn, poor networks sold at the wrong time. Cc class 5 dropout thinking!!!

Very bad timing but it's not over until it's over..
DISCLAIMER: @obiero, MBA-MIS, CISA. Opinionated, owner of www.winda.co.ke. Aims to be factual
obiero
#14 Posted : Thursday, December 06, 2018 10:11:11 PM
Rank: Elder


Joined: 6/23/2009
Posts: 10,937
Location: nairobi
sparkly wrote:
obiero wrote:
murchr wrote:
Horton wrote:
Just received a PDF talking about a potential merger between CBA & NIC it’s like a press statement





Does that mean NIC will be de-listed?

Yes. Its more than likely considering trends of other Kenyatta family enterprise


This is a reverse meeger. An easy way for CBA to become listed. Just like CFC-Stanbic and IM-City Trust.

In those examples you mention, both partner firms were listed already before the merger.. Secondly, name only one Kenyatta family company which is at the NSE.. It's not by coincidence, but choice, for well known reasons
DISCLAIMER: @obiero, MBA-MIS, CISA. Opinionated, owner of www.winda.co.ke. Aims to be factual
Ericsson
#15 Posted : Thursday, December 06, 2018 10:48:02 PM
Rank: Elder


Joined: 12/4/2009
Posts: 5,880
Location: NAIROBI
The merged entity will be third largest in terms of assets and 4th in terms of profitability as per 2018 Q3 results
obiero
#16 Posted : Thursday, December 06, 2018 10:54:14 PM
Rank: Elder


Joined: 6/23/2009
Posts: 10,937
Location: nairobi
Ericsson wrote:
The merged entity will be third largest in terms of assets and 4th in terms of profitability as per 2018 Q3 results

Largest in terms of customer count
DISCLAIMER: @obiero, MBA-MIS, CISA. Opinionated, owner of www.winda.co.ke. Aims to be factual
Kusadikika
#17 Posted : Friday, December 07, 2018 1:26:30 AM
Rank: Elder


Joined: 7/22/2008
Posts: 2,142
These are people who are thinking about wealth preservation for the next 100 years.
mlennyma
#18 Posted : Friday, December 07, 2018 7:58:16 AM
Rank: Elder


Joined: 7/21/2010
Posts: 5,872
Location: nairobi
Kusadikika wrote:
These are people who are thinking about wealth preservation for the next 100 years.

You saw the recent volumes but didn't smell something.
"Don't let the fear of losing be greater than the excitement of winning."
Ericsson
#19 Posted : Friday, December 07, 2018 8:52:56 AM
Rank: Elder


Joined: 12/4/2009
Posts: 5,880
Location: NAIROBI
mlennyma wrote:
Kusadikika wrote:
These are people who are thinking about wealth preservation for the next 100 years.

You saw the recent volumes but didn't smell something.

But the share price was falling
Spikes
#20 Posted : Friday, December 07, 2018 8:58:32 AM
Rank: Elder


Joined: 9/20/2015
Posts: 2,470
Location: Mombasa
mlennyma wrote:
Kusadikika wrote:
These are people who are thinking about wealth preservation for the next 100 years.

You saw the recent volumes but didn't smell something.


Isn't such record volume a clue to insider trading?
Ignorance of the victim is big business for the villain.
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