Post by genius on Sept 3, 2008 18:29:04 GMT 3
I've been casually following the story of the upcoming IPO by Coop Bank and a few interesting things keep coming up.
I had previously thought that the Coop shares were going to be a good buy considering the profits they've been posting lately and the expansion they undertook recently. But recent events:
www.eastandard.net/InsidePage.php?id=1143993719&cid=14&j=&m=&d=
and
www.eastandard.net/mag/InsidePage.php?id=1143993906&cid=457&
are giving me reason however slim to be suspicious.
Who are these ghosts calling themselves Coop Holding Cooperative Society Ltd and how did they acquire 75% of the shares of Coop Bank including taking over the shares previously held by the over 3000 cooperative societies in Kenya?
Why are they being exempted by the Finance minister from disclosing to the public their shareholding, this reminds me of Mobitelea and Safaricom.
I intend to investigate this thing further. I would appreciate any light you guys might shine on this.
I had previously thought that the Coop shares were going to be a good buy considering the profits they've been posting lately and the expansion they undertook recently. But recent events:
www.eastandard.net/InsidePage.php?id=1143993719&cid=14&j=&m=&d=
and
www.eastandard.net/mag/InsidePage.php?id=1143993906&cid=457&
are giving me reason however slim to be suspicious.
Who are these ghosts calling themselves Coop Holding Cooperative Society Ltd and how did they acquire 75% of the shares of Coop Bank including taking over the shares previously held by the over 3000 cooperative societies in Kenya?
Why are they being exempted by the Finance minister from disclosing to the public their shareholding, this reminds me of Mobitelea and Safaricom.
I intend to investigate this thing further. I would appreciate any light you guys might shine on this.