ktn....

ktn did several stroies yeasterday that were supposed to be a cap on the year. remionding people of what happened one year ago yesterday. though people may forgive, they must never be allowed to forget or be duped into turning against one another ever again the way they did... what is your opinion? if you have seen them that is?

charity's foot

yes the foot. dont have much to say except that today is exactly one year since myself and seven israelis who were manning a database that was keeping track of the voting got the shock of our lives. hata waleo i still say kibaki lost by four hundred thousand votes. i dont support raila, but i still think he won....

looking to the new year...

sfaricom allocations

IPO raised a total of 236 BILION SHILLINGS.
LOCAL INVESTORS 160 BILLION FOREIGN INVESTORS 76 BILLION

ALLOCATIONS

SUBSCRIPTION RATE SUPPOSEDLY 553 PERCENT SO OVERSUBSCRIBED BY 453%
GOVERNMENT INVOKED CLAWBACK OPTION OF 15 PERCENT THUS INCREASING SHARES ALLOCATED TO LOCAL INVESTORS BY 1.5 BILLION SHARES. SO LOCAL RETAIL WAS 3.38 BILLION SHARES=1.5 BILLION SHARES

TOTAL OF 864,228 APPLICANTS FOR SHARES LOCALLY(THIS INCLUDES EAST AFRICANS) WITH ATOTAL CASH OUTPUT OF WORTH 113 BILLION SHILLINGS OR 22.6 BILLION SHARES OVERSUBSCRIPTION RATE WAS 669.7 PERCENT. SUPPOSEDLY...
QII
QUALIFIED INSTITUTIONAL INVESTORS..... THEY WERE TO PAY AFTER ALLOCATION THUS SAVING THE SHILLING MUCH SUFFERING... 499 APPLICANTS APPLYING FOR 8.8 BILLION SHARES WORTH 43.8 BILLION SJHILLINGS SUBSCRIPTION RATE SWAS 320.8 PERCENT SO OVERSUBSCRIBED BY 220.8%

SAFARICOM DEALERS.... 137 APPLICANTS APPLIED FOR 422.2 MILLION SHARES WORTH 2.1 BILLION SHILLINGS AGAINST AN ALLOCATION OF 130 MILLION SHARES SUBSCRIPTION RATE 324.7%

SAFARICOM EMPLOYEES ..... 1493 APPLICANTS APPLIED FOR 307.5 MILLION SHARES WORTH 1.5 BILLION KENYA SHILLINGS SUBSCRIPTION RATE WAS 118.3 PERCENT

INTERNATIONAL POOL 90 APPLICANTS APPLIED FOR 14.2 BILLION SHARES WORTH 72.6 BILLION SHARES WORTH 72.6 BILLION AGAINST AN ALLOCATION OF I THINK 3.5 BILLION
SUBSCRIPTION RATE IS 711 PERCENT


THESE WERE THE ORIGINAL FIGURE RELEASED BY THE MINISTER WITH THE CAVEAT THAT AFTER INVOKING THE CLAWBACK, THE INTERNATIONAL POOL SHRINKS DOWN TO JUST TWO BILLION SHARES THEREBY REDUCING THE SUBSCRIPTION RATE TO FOR THE LOCAL TO 463.5%(sic). in reality the figure should really be closer to 453% as they later amended it but that then throws into contention all the other numbers.


thus if total for locals collected( they are the only ones who paid up front) is 113 billion then refund is (21/100)* 113,000,000,000 is 89.27 BILLION SHILLINGS.

SO.... Q11 31%
RETAIL... 21%
DEALERS...31%
EMPLOYEES..84%
INTERNATIONAL.. 15%

REFUNDS WILL START AFTER DATE OF ALLOTMENT.. KIMUNYA PUTS THE EXACR DATE AT JUNE 9 WHEN SHARES GO TO STOCK MKT.

NOW YOU CHEW ON THAT

sacoma's world enterpreneurship forum

first... the sacoma world enterpreneurship forum set of today to a roaring strt at the holiday inn in nairobi, most of the speakers were colourless until one khalid sheik.. a uk indian of ugandan origin... the man has a bone to pick with everybody. it seems after leaving uganda as a refugee he set up shop in england and is today worth 850 million pounds sterling.... he trades as clifton packaging plc..... he is so pissed off that the stuff he deals with in the uk originates in africa but so little of the value is left here. case in point. he had the organisers distribute some chocolate... in ghana the cococa beans originate at 600 to 850 pounds atonne. i n the uk after he is done packaging the chocolate, it fetches just under 20 thousand pounds. he gave the example of a cup of coffe... in london it averages 1 pound 50. global business value 140 billion shillings. the ethipian farmer of prime coffee get one and a half pence per kg of raw cofee after watching the tree grow for four years.. yep.....

second.... results from the safaricom ipo expected to come out tomorrow. startling statistics......

third... the rhino charge is this weekend.. expected to be a bruiser in one corner of isiolo.. or maybe not.

cfc stanbic and limousines

first - the high court sitting in nairobi has put off the merger until it decides a case in which a bunch of workers say that they were not paid their pension amounting to 1.1 billion. the court ordered that stanbic which is the defendant deposit half the amount or 503 million in court until the case is decided. the merger has now been in abeyance for the last26 months since announcement. no idea how thw shares will react. bearing in mind that when the announcement leaked, cfc topped 900 bob from a previous high of 131 shillings in one day.

second... tea farmers are in deep hot water over escalation of costs. costing by the ktda shows that kenyan tea will be heavily uncompetitive in the world market and pointedly asked for a governmenty subsidy.

south africa no more

so i spent the week from 1st of april in south africa in sandton just west am is it east of joburg. i must say i took the whole shebang... a guided tour arranged by the sand ton sun of the larger metro are which include trips through soweto, the nuclear reactor, towers, cliptown museum and another whose name i dont remember that is dedicated to children who stood up to the booers and were shot down in exchamge, its named after on young childdjohnson i think...... anyway i wa impressed. amybe there is a lot i did not see but even their informal settlement resemble nothing like our slums..... i resolved i might make the effort to move there and may be even settle down with anice zulu, sotho or tswana girl.... i think those chaps musta read my post bearing in mind what is going on down there now. on the whole i think this is as a result of unequal growth and the poor who are supposed to have benefitted for the affirmative action for blacks and from the exploitation of the countries natural resources have had it. recently some one reminded me that what happened in january and february in kenya was a simple case of some people getting left behind and dragging the whole country back down to their level. that is what is going on in sa today. the first target is the poor foreinor, tomorrow it might be the boer again? anyway me think that more social investment in educationto lift the livelyhoods of those who feel aggrieved may just be the way to go.

fishy business

posta sacco offers prime property for sale . and then withdraws it. in the same page of the same news paper. what the heck is going on? and why sell a prime property any inside info any one? its on pg 25 of the daily nation