Blog Archive

Monday, October 13, 2008

Discount Securities discounted...?

Rumours has it that DSL is the 'Another One Bites The Dust'...

It was not unexpected but considering the recent spate of buyouts I am surprised there was no white knight. Of course, as NIC Bank learned that buying existing brokers is fraught with bad debts! Luckily NIC Bank has deep pockets & can buy its way out of the muddle.

Crossfield lucked out in being bought out by ABC Bank... but I think there are 2 more players who remain shaky...

Yes... the safcon IPO problems coupled with the current drop in the market is really decimating the investors and the players!

5 comments:

bankelele said...

hate to stay, but it's not the one i was expecting (there's still another to go )

ka-investor said...

I've waiting for this to happen for so long. DSL has been in troubled waters from way back last year.

according to a simple research I conducted there are four others to go....(think 'creative accounting')

coldtusker said...

Seems that it is confirmed... DSL did bite the dust...

It is a good thing in the long run... I think there are 2 more that could go bust...

Dare I name names?

MainaT said...

CT-Wacha uoga. Name and be damned as they say. It might save some investor somewhere the hustle of waiting almost 2 yeears as those who did via Nyaga will now have to.

Jakarumba said...

Banks and CT, Ddont follow Kriegler's path, name them!!