I believe any sale of the Saudi assets under the contract will be priced on valuation, not market perception. This should yield a very much higher return than a market price valuation.
With no significant evidence I rather wonder whether they are trying to renegotiate the Saudi contract, with a higher percentage share. We do know Artar invited them in in the first instance, and clearly needed them. So perhaps Artar still need them and want to keep them. One can but hope. |
These banking reforms are a game changer for our funding banks and the wider sector so i expect that sign off is now alot closer.As for Saudi i predict £25 - £27m for the full sale.Happy days :-)
RNS anytime now on both fronts |
Think this will come good but talk of $40m-$50m for Saudi seems way high at present. The current funding has taken pressure off and made a fire sale unnecessary for now. Its also probably kicked dilution can down road.My guess is a sale most likely to be 6m off if not far longer. Guessing a current value would be $15m-$20m. Any minority stake carries a heavy discount. |
"Member countries, upon acceding to membership, are required to ratify the AFC’s Constitutive Instruments in line with their national laws, essentially domesticating the AFC Treaty into local law by the requirements of the country’s internal protocols"
While it would be nice if AFC membership was confirmed this week its not nailed on but the bill is a step forward as a foreign banks competing with local ones is you would think more controversial than AFC membership being ratified and common banking codes likely to have some overlap with "domesticating the AFC Treaty into local law by the requirements of the country’s internal protocols."
55 i wish well i did say i would start counting backward on my last birthday. |
Not sure that has any bearing on Ethiopian banks and kefi lending? |
Another step forward but not a seismic moment for the share price. |
Not forgetting the 10M that need £2Bn to survive through 2005?
Not forgetting the rift between Amhara and Oromia (west) still fighting, civilians constantly displaced.
10 aid workers killed and others kidnapped (Ankara region).
Happy days eh? |
Brilliant news indeed,it will be on the newswires around 10am in UK if they do their usual press release slot in parliament.
AFC ratification will now be pushed through fast |
BREAKING: Ethiopia’s Parliament has approved a new banking proclamation that paves the way for foreign banks to enter the country’s financial sector. |
hxxps://x.com/birrmetrics/status/1868927983639298134?s=46 |
BREAKING: Ethiopia’s Parliament has approved a new banking proclamation that paves the way for foreign banks to enter the country’s financial sector. |
robjm66 or is it 55?
I stand corrected, yes Tom discussed the numerous emails he was getting, other than that, no info wrt share price.
The share price was dropping, how could he support?
As usual, you can read the headlines but not the content.
Maybe you can explain why TW ramped it a 6 and now lucky to get 5 or even 4?
Your dosh! |
robjm66 or is it 55?
I stand corrected, yes Tom discussed the numerous emails he was getting, other than that, no info wrt share price.
The share price was dropping, how could he support?
As usual, you can read the headlines but not the content.
Maybe you can explain why TW ramped it a 6 and now lucky to get 5 or even 4?
Your dosh! |
robjm66
Last mention of kefi by Tw was 15 Nov, where he mentioned dilution plus rubbishing an
opinion from Edison & Charlie Gibson (he of AFE fame)!
TW rubbished the 5 to 8p claim also, rather odd don't you think?
At the time, the price was 0.6p.
Current price, a fair old drop!
Today: 3M buy v 14M sell.
Big oufit accumulation you claim, yea right.
More bull |
"Its funny that the harshest critics of TW are the ones that hang on his every word." |
More bull from robjm66, TW has not mentioned kefi for some time.
Then how would you know, not a member are you.
If funds not raised fully, one would suggest fire sale to ARTAR of Saudi shares remaining.
I guess ARTAR playing the waiting game. |
no news yet. |
Where would you get that information from, please? URL. |
Im sure m'lud is promulgating judgement as we speak
Rest assured I'll issue an rsn if kefi dont rns |
Any update from His Honour Judge Parfitt at all? |
A big few weeks ahead here,adding on these lows are a gift early for xmas for me :-)
Dont believe the doomsters,kefi are about to get decent cash from the sale of Saudi and TK will be fully ratified this month.Maybe even the details of the proposed listing on the ESX. |
Its a couple of hours and the trades are still minuscule personally more worried about what to get people on my Christmas list than watching every trade. Its funny that the harshest critics of TW are the ones that hang on his every word. |
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