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CIC Insurance 2019
Kenyan Oracle
#81 Posted : Saturday, June 20, 2020 10:50:10 AM
Rank: Member


Joined: 5/31/2011
Posts: 187
littledove wrote:
Ericsson wrote:
Ericsson wrote:
Cooperative bank reduced shareholding in cic from 26.1% to 24.8%

From 26.53% to 24.8%

what was probably the reason,i know coop is not struggling to the extent they needed the cash


Could it be a sign of things to come?
You lose money chasing women, but you never lose women chasing money - NAS
VituVingiSana
#82 Posted : Saturday, June 20, 2020 11:49:40 PM
Rank: Chief


Joined: 1/3/2007
Posts: 17,071
Location: Nairobi
littledove wrote:
Ericsson wrote:
Ericsson wrote:
Cooperative bank reduced shareholding in cic from 26.1% to 24.8%

From 26.53% to 24.8%

what was probably the reason,i know coop is not struggling to the extent they needed the cash
Or going below the 25% so it isn't considered an associate?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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