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2 Pages<12
Mhasibu Investment Company Limited (MICL) Rights
BGL
#21 Posted : Friday, April 25, 2014 1:50:30 PM
Rank: Veteran


Joined: 10/11/2009
Posts: 1,164
eco wrote:
BGL wrote:
I attended the MICL AGM yesterday @ Serena Hotel. Here are the highlights.
- MICL has 327 shareholders with top 10 shareholders holding 51.85% stake and half of them are board members.
- Total assets up to 747mn from 530mn
- Net profit jumped from 7.4mn to 122.7mn in FY 2013.
-EPS up to 101.07 from 6.71
- As is the tradition, no dividend is declared BUT a BONUS of 1 share for every 5 held was passed.
- There is an active OTC market for those wishing to convert their bonus shares into dividend
-The company is looking forward to investing in development of a housing project targeting the middle + lower middle class segment in the future.....a shareholder briefing coming soon.


Thank you @BGL for the brief. Did the AGM agree on a new share price?


On the sidelines.... the Company Secretary talked of 200bob
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
BGL
#22 Posted : Thursday, May 08, 2014 2:07:22 AM
Rank: Veteran


Joined: 10/11/2009
Posts: 1,164
MICL audited financial statement FY2013

http://micl.co.ke/images...nancial%20Statements.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
bartum
#23 Posted : Sunday, May 11, 2014 1:19:25 PM
Rank: Member


Joined: 8/11/2010
Posts: 769
Location: nairobi
where are the offices of the company secretary
Lily26
#24 Posted : Thursday, November 13, 2014 4:18:11 PM
Rank: Hello


Joined: 11/12/2014
Posts: 5
The offices are at hughes building 2nd flr.
eco
#25 Posted : Thursday, April 02, 2015 6:35:25 PM
Rank: Member


Joined: 6/17/2011
Posts: 226
MICL 2015 Annual General Meeting (AGM) scheduled for Thursday 23rd April, 2015 at Serena Hotel, Allamanda Room starting 6.00pm. Board proposes a bonus issue of 1 share for every 10 held as at 31st December, 2014.
PeterReborn
#26 Posted : Friday, April 24, 2015 1:08:40 PM
Rank: Veteran


Joined: 1/3/2014
Posts: 984
Now the shares are @sh400?d'oh!
“Each night, when I go to sleep, I die. And the next morning, when I wake up, I am reborn.”
― Mahatma Gandhi
Thiong'o
#27 Posted : Friday, April 24, 2015 2:01:06 PM
Rank: Member


Joined: 10/14/2011
Posts: 612
BGL wrote:
eco wrote:
BGL wrote:
I attended the MICL AGM yesterday @ Serena Hotel. Here are the highlights.
- MICL has 327 shareholders with top 10 shareholders holding 51.85% stake and half of them are board members.
- Total assets up to 747mn from 530mn
- Net profit jumped from 7.4mn to 122.7mn in FY 2013.
-EPS up to 101.07 from 6.71
- As is the tradition, no dividend is declared BUT a BONUS of 1 share for every 5 held was passed.
- There is an active OTC market for those wishing to convert their bonus shares into dividend
-The company is looking forward to investing in development of a housing project targeting the middle + lower middle class segment in the future.....a shareholder briefing coming soon.


Thank you @BGL for the brief. Did the AGM agree on a new share price?


On the sidelines.... the Company Secretary talked of 200bob

I also was @ the AGM yesterday, you might have noticed me @ BGL when I seconded some of the resolutions, from yesterdays meeting there might/will be rights issue soon. @eco, the shares are currently trading at a prices above 400.
streetwise
#28 Posted : Friday, April 24, 2015 2:41:56 PM
Rank: Veteran


Joined: 6/23/2011
Posts: 1,736
Location: Nairobi
The number of share holders looks low.

I there liquidity
Thiong'o
#29 Posted : Friday, April 24, 2015 4:05:07 PM
Rank: Member


Joined: 10/14/2011
Posts: 612
streetwise wrote:
The number of share holders looks low.

I there liquidity

They have not had liquidity issues in the past. A member actually took an issue on the retention of huge bank balances (closing). The directors while explaining this also confirmed an existing arrangement with a kcb.
murchr
#30 Posted : Friday, April 24, 2015 4:35:02 PM
Rank: Elder


Joined: 2/26/2012
Posts: 10,452
BGL wrote:
I attended the MICL AGM yesterday @ Serena Hotel. Here are the highlights.
- MICL has 327 shareholders with top 10 shareholders holding 51.85% stake and half of them are board members.
- Total assets up to 747mn from 530mn
- Net profit jumped from 7.4mn to 122.7mn in FY 2013.
-EPS up to 101.07 from 6.71
- As is the tradition, no dividend is declared BUT a BONUS of 1 share for every 5 held was passed.
- There is an active OTC market for those wishing to convert their bonus shares into dividend
-The company is looking forward to investing in development of a housing project targeting the middle + lower middle class segment in the future.....a shareholder briefing coming soon.


Clarify that part please
"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
.
BGL
#31 Posted : Friday, April 24, 2015 8:14:08 PM
Rank: Veteran


Joined: 10/11/2009
Posts: 1,164
@murchr that was for full yr 2013.

I could not attend the AGM yesterday.

I am on a skiing expedition in colorado.
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
murchr
#32 Posted : Friday, April 24, 2015 8:25:09 PM
Rank: Elder


Joined: 2/26/2012
Posts: 10,452
BGL wrote:
@murchr that was for full yr 2013.

I could not attend the AGM yesterday.

I am on a skiing expedition in colorado.


smile Enjoy your holiday, am sure someone will give the 411; Am not a member here but i might just jump in later in life.
"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
.
BGL
#33 Posted : Friday, April 24, 2015 8:30:04 PM
Rank: Veteran


Joined: 10/11/2009
Posts: 1,164

http://micl.co.ke/images...Financial%20Accounts.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
PeterReborn
#34 Posted : Friday, April 15, 2016 10:13:19 AM
Rank: Veteran


Joined: 1/3/2014
Posts: 984
It was good to see some of you during the AGM yesterday.
The annual bonus of 1.10 was issued.

The authorized share capital was increased from 150m to 500M with an intention of adding making it to 1 B by 2020.
“Each night, when I go to sleep, I die. And the next morning, when I wake up, I am reborn.”
― Mahatma Gandhi
BGL
#35 Posted : Friday, April 15, 2016 5:57:57 PM
Rank: Veteran


Joined: 10/11/2009
Posts: 1,164
PeterReborn wrote:
It was good to see some of you during the AGM yesterday.
The annual bonus of 1.10 was issued.

The authorized share capital was increased from 150m to 500M with an intention of adding making it to 1 B by 2020.


I was also there and i will do a post on MICL strategy 2.0 ..................... SOON

We are looking at creating a petit centum featurng CFA Muchiri.
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
Roque
#36 Posted : Wednesday, August 31, 2016 3:39:20 PM
Rank: Hello


Joined: 1/29/2016
Posts: 8
Location: Nairobi
Hi Wazuans,

Any one of us who has the intention or has taken up their rights in the ongoing rights issue? I noticed the aim to raise about 250m from the rights but that would cover on the land acquisition cost for the Limuru Road project. How are they going to finance the entire project?
enyands
#37 Posted : Tuesday, November 08, 2016 9:34:35 PM
Rank: Elder


Joined: 12/25/2014
Posts: 2,218
Location: kenya
My eyes are about to shine here on this chip . Anyone with anything good or bad about this bus. Help a brother out
BGL
#38 Posted : Tuesday, November 08, 2016 9:52:09 PM
Rank: Veteran


Joined: 10/11/2009
Posts: 1,164
enyands wrote:
My eyes are about to shine here on this chip . Anyone with anything good or bad about this bus. Help a brother out


Just defended my rights 100%. I don't know if the subscription was 100% by the last day [oct 31st] but if not, the untaken rights will be offered to the public as it happened in 2012.
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
enyands
#39 Posted : Tuesday, November 08, 2016 10:36:56 PM
Rank: Elder


Joined: 12/25/2014
Posts: 2,218
Location: kenya
BGL wrote:
enyands wrote:
My eyes are about to shine here on this chip . Anyone with anything good or bad about this bus. Help a brother out


Just defended my rights 100%. I don't know if the subscription was 100% by the last day [oct 31st] but if not, the untaken rights will be offered to the public as it happened in 2012.


Are you telling me it's OK to join this bus,is it safe ?
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