Bill, thanks for the information and links - much appreciated. It means that either TEAMS or EASSy has a big opportunity to change the story and status of technology stocks - another hsitoric dimension to the whole excercise. May be Safaricom or TK or Wananchi would do it first but the important principle is not who makes it first but we must be sure it is DONE WELL and sets a precedent for others to follow. Eric here On 28 Nov 2006, at 16:13, Bill Kagai wrote:
On 11/28/06, Eric Osiakwan <eric@afrispa.org> wrote: Was African Lakes on NSE as well or only on LSE?
Yeah. African Lakes was cross-listed at the NSE in March 2000 and was branded as the first Kenyan IPO but did not live to expectations. The company issued 4 million shares at Kshs 94.50 each and as a result secured a secondary listing in the NSE. See http:// www.nse.co.ke/History.htm
The company then tried raising extra equity but that did not stop its demise leaving the 'technology companies' seriously contemplating the next direction to take in the stock market. See Issue No. 157 on balancing act. http://www.balancingact-africa.com/ news/back/balancing-act_157.html
We now have Safaricom, Telkom (K) and Wananchi having indicated to test the waters soon.
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Eric M.K Osiakwan Executive Secretary AfrISPA (www.afrispa.org) Tel: + 233.21.258800 Fax: + 233.21.258811 Cell: + 233.244.386792 Handle: eosiakwan Snail Mail: Pmb 208, Accra-North Office: BusyInternet - 42 Ring Road Central, Accra-North Blog: http://blogs.law.harvard.edu/eric/ Slang: "Tomorrow Now"