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!
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2008
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October
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- Dead cat bounce at NSE?
- KQ has profitable 1H 2008-9
- Where is the Co-op Bank IPO prospectus?
- NSE going to the dogs?
- Kenyan Banks - Raising Capital
- History - We will NEVER learn
- beth 'brainless' mugo vs NEMA
- Corruption at the United Nations in Kenya
- Kenya to pay $91 million in 2009 for anglo-fleecing
- NSSF, Discount Securities & atwoli
- Africa - The New Frontier (Part 1)
- Discount Definitely Discounted
- Discount Securities discounted...?
- Zain knock out SafCon
- Oops, alfie "foot in mouth" mutua does it again...
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October
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Monday, October 13, 2008
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5 comments:
hate to stay, but it's not the one i was expecting (there's still another to go )
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')
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?
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.
Banks and CT, Ddont follow Kriegler's path, name them!!
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