Best investment advise I ever got when it comes to NSE (lazy man's business) was that one should continue accumulating shares over time, don't think about entry, ex-div or what.
In the long run you find yourself with delisted Mumias Sugar shares and 18X gains on KPLC shares, 12X on Kengent shares a 1.2X on Total Kenya shares withough crunching the numbers or following the market keenly.
@ken_mwanik Mami, yaani you wouldn't have started with the fact that this bank overtook NCBA kwa some metric sijui ni gani. This would arouse a lot of interest coz to some numbers dont click the first time.
@ignyharaz2 It was built on church land for the St Joseph Catholic Church in Kakamega Diocese.
Picture Catholic Church investments, and you realise that this is basicaly diversification after decades of focussing on schools and hospitals. Nairobi ones are investing in parking lots.
Family Bank is coming to the NSE.
Is this an IPO?
No it is NOT an IPO.
Family Bank is listing by way of Introduction, a process that allows existing shares to begin trading on the NSE without the company issuing new shares or raising fresh capital.
So what exactly is the difference between a Listing by Introduction and an IPO?