Safaricom to be sold to corrupt Kenyans disguised as 'foreign' investors
From: njerikaw
Sent: Wednesday, November 20, 2007 6:35 PM

 

Mweni

How is Tsavo Securities Limited? Did you buy me the Kenya Re shares?

Now, you are in the stock market. I here so much about Safaricom.

What is this I here that the Treasury and the transaction advisors are going
to be selling between 20 to 35 to foreign investors?

Is this fair to Kenyans who have struggled to build it for last 5 years? I
thought this IPO should be sold to local Kenyans, then we can sell to anyone
in the secondary market. What's you take, is Safcom coming this year?

 
Njeri

--

From: Fred Mweni
Sent: Wednesday, November 21, 2007 6:48 PM
Subject: FW: Safaricom to be sold to 'foreign' investors

Njeri

It's true that they are considering selling Safaricom to themselves but
disguising as 'foreigners'.

The Safaricom advisors have put in an allocation criteria allowing at least
20% to 35% of the issue to 'foreign investors'
 
Tsavo Securities Limited is and will be against selling Safaricom to foreign
investors because this market can subscribe up to 120 billion without having
to open those fake foreign investors.  I believe, their reasoning is that
Kenyans will not be able to fully subscribe the Kshs50-60billion Safaricom
IPO. But this is not  true.

However, If this is true according to treasury, then let's postpone the
issue till when Kenyans have the funds.

My take is 'Kenyans' have set up companies out side the country now they are
being introduced through the back door thro treasury and their advisors.

I believe there are no foreign investors here, just Kenyans.

I believe, Kenyans will be duped to sell to foreigners who are locals. Later
on we shall see them all the foreigners selling everything to locals

My take is that this IPO is going to be a sham, if we pushed it through the
throat of Kenyans, at a bad time, when most Kenyans will be in holidays and
election mood in December 07.

Am informed that it could be opening on Monday of 10th December 2007 and
close 11 January 2008.

Lets keep talking.

Regards,

Fred Mweni
Managing Director
Tsavo Securities Limited
Licensed by CMA as Investment Advisors
6th floor, Kimathi House, Kimathi Street
P O Box 11987-00100, GPO, Nairobi
Tel           +254 20 202 3116, 245 042
+254 20 300 1470, 243 954, 
Cell          +254 727 546 909, 0733 124 189
Fax          +254 20 243 958
E-mail:     mweni At tsavo doT co Dot ke
Website    <http://www.tsavo.co.ke/> www.tsavo.co.ke

  _____ 

    Date: Wed, 21 Nov 2007 18:51:52 +0300
    From: Fred Mweni
 Subject: Safaricom to be sold to corrupt Kenyans disguised as 'foreign' investors

Is it fair to sell Safaricom to foreigners, coz Kenyans do not have cash?