bankelele

  • Safaricom IPO: Day 2

    Posted: March 17, 2008, 8:47 pm by bankelele
    Apply online: For Safaricom shares, check out the Official IPO site from Citi

    Bears bleed
    - NSE Bears: For the second day of the Safaricom IPO era, only 3 NSE shares rise, same as on Friday, while the rest drop or are flat.
    - Farewell: To Bear Stearns sold for $2 a share, down from $170 a year ago and 7% of what it was worth on Friday.

    Vultures circle:
    Beware of loans for shares
    - Equity Bank offering up to 80% finance for the Safaricom IPO
    - Fanikisha account from Transnational Bank offering 70% finance towards the IPO

    edit - We've been Punk'd!
    Corporate blog: A big salute to Equity for breaking another milestone - presenting the first official bank blog - here's the Equity Bank Blog. a WIP, but keep it up, stay strong, relevant, and up-to-date
    Thanks JP for looking out

  • Motoring moment: asset finance personified

    Posted: March 17, 2008, 4:16 pm by bankelele

    nice poster here from Lunch over IP on urban transport solutions

    The traffic crunch in Nairobi has gotten worse in the last week since 1/3 of the city’s commuters had restrictions placed on their access to downtown Nairobi.

    It’s fait to say that over ¾ of cars from KAP___ onwards (cars registered in the last five years) are financed with asset or bank loans - so they are a reflection of the amount of credit in the economy.

    But the traffic crunch will continue unless some serious measures are taken as there are few new roads or new parking spaces coming up in the city

    What are some solutions?
    - Better public transport as the image above shows.
    - Restriction on vehicle imports/registrations; But bad for the economy, encourage corruption
    - Restrictions on asset finance lending; but bad for banks
    - Restrictions on vehicle use e.g. only use vehicles ending with odd number on one day, even the next: but favors the rich (with more than one car) and will encourage fraudulent license switching
    - The India way (as adopted by Uganda) and small town in Kenya which is to have motorbikes as taxis. This would be great for those who work in the upper hill area
    - Car pooling, temporary parking meters, new capital city? The list is endless
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Blah blah blah

Fish cakes

Alas a fish cake.

Yet more fish cakes

Guess what ... yeah ... fish cakes.

The end of the fish cakes

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