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!
at

5 comments:

  1. bankeleleMonday, October 13, 2008 9:46:00 AM

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

    ReplyDelete
  2. kainvestorMonday, October 13, 2008 10:16:00 AM

    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')

    ReplyDelete
  3. coldtuskerMonday, October 13, 2008 11:40:00 AM

    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?

    ReplyDelete
  4. MainaTMonday, October 13, 2008 2:52:00 PM

    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.

    ReplyDelete
  5. AnonymousMonday, October 20, 2008 12:15:00 PM

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

    ReplyDelete