CPA (K)|TAX COMPLIANCE|FINANCIAL REPORTING TEAM LEAD|MONEY TALK|SPORTS| https://teapawt.net/t.co/MNZWa3RsIQ| My tweets are my personal views.
Nairobi,KENYA
Joined November 2009
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felix Tanga (FT) retweeted
Quickmart IPO (@QuickmartKenya) registers 122.7% subscription.
That's ~ Kes 18.41 billion against the Kes 15.0 billion ask.
UPDATE: Quickmart's Kes 15.0 billion IPO significantly expands the cornerstone pool following the onboarding two new investors:
· RWC LLP - Kes 1.3 billion, 8.7% of offer
· 337 Frontier - Kes 1.94 billion, 13.0% of offer).
Just five days ago, Quickmart reported attracting Kes 1.94 billion worth of subscription from UK's FCDO (see quoted tweet).
Key take aways for me:
· Just about half (48.0%, Kes 7.2 billion) of the IPO's entire 2 billion share offering is now gobbled up by locked-in cornerstone Investors (with IFC's Kes 1.94 billion predicated on its bard's approval).
· Cornerstone investors will not be subject to any pro-rata scaling back, even if the IPO in overall registers oversubscription
· Retail investors allocation scaled back from the initial 20.0% to 12.0%, Foreign Investors allocation also scaled back from the initial 20.0% to 8.0%
· The latest development, backed institutional investor confidence & nearly half of targeted capital locked in, goes a long way in de-risking the issuance
felix Tanga (FT) retweeted
Quick Mart's IPO was oversubscribed by 22.7%, attracting bids worth KES 18.41B against the KES 15B on offer:
— The IPO attracted 18,492 applications for 2.45B shares against the 2B shares available at KES 7.50 per share.
— Kenyan and EAC retail investors subscribed for 132.6% of their allocated shares, while institutional investors recorded a subscription rate of 109.4%.
— Foreign investors recorded the highest demand, subscribing for 298% of their allocated shares, nearly three times the shares reserved for them.
— Investor categories: Kenyan retail investors include Kenyan citizens and residents, while Kenyan institutional investors include banks, pension funds, insurance companies, investment banks and collective investment schemes. Foreign investors comprise individuals and institutions based outside Kenya and the EAC.
— Kenyan and EAC retail investors and institutional investors received 100% of the shares they applied for, while foreign investors received 49.5% of their applications.
— The IPO achieved an overall allotment rate of 85.6%, with cornerstone investors receiving 90.1% of their applications.
— Following the IPO, Sokoni Retail Kenya Limited retains a 50% stake, cornerstone investors hold 21.6%, Kenyan and EAC institutional investors hold 17.5%, foreign investors hold 5.9%, and Kenyan and EAC retail investors hold 5.0%.
— Quick Mart shares are scheduled to begin trading on the Nairobi Securities Exchange on Thursday,
12 November 2026.
felix Tanga (FT) retweeted
Quickmart IPO results expected today ahead of listing next week.
What are your expectations?
Ahead of tomorrow's announcement of QuickMart's IPO subscription results, the NSE has assigned the supermarket chain its trading identifiers in preparation for listing.
▪️ NSE Symbol: $QMRT
▪️ Ticker: QMRT.O0000
▪️ ISIN: KE9940001986
felix Tanga (FT) retweeted
#LIVARS – 79’
The referee’s call of no violent conduct by Madueke on Mac Allister was checked and confirmed by VAR.
VAR: “All of the situations have been checked and cleared. There is some contact as Madueke and Mac Allister square-up. In my opinion, it's not forceful, not violent, not brutal”.
felix Tanga (FT) retweeted
You can register as a voter for Bungoma. Turkana, Mombasa or any other part of Kenya tomorrow at Anniversary Towers CBD from 8:00AM. Share this video with anyone who is not a registered voter. Help me share/repost. Kama hautaki pia, wacha. Nawapenda wangwana.
felix Tanga (FT) retweeted
2M young Kenyans between 18 and 24 are not registered voters. Tomorrow we are having a #Tukoakadi mass voter registration at Anniversary Towers from 8:00 AM. Share this video with them. Help me repost/share/quote. Let's mobilise.
felix Tanga (FT) retweeted
Harry Kane's journey to Ballon d'Or winner told by Tim Sherwood and those who know best talksport.com/football/46700…
felix Tanga (FT) retweeted
#Arsenal haven’t scored at the City Ground for three seasons, we haven’t won there for three seasons, and it took a huge Ezri Konsa block in the last minute to see it out. From his handling of Delap to his coolness on the ball, he was one of our few bright lights. Superb signing.
felix Tanga (FT) retweeted
Great NSE stocks that should anchor your equities portfolio:
$KCB: Good payout yields driven by booming asset management growth
$STANBIC: Powered by a reliable corporate banking and wealth engine
$KPLC: Strong energy exposure coupled with serious cash-generating power
$SCBK: solid payout history backed by top-tier returns
$SCOM: High liquidity paired with a strong track record of rewarding shareholders
felix Tanga (FT) retweeted
If I had KES 100,000 to start investing on the NSE today, I wouldn’t put it all in one stock.
I’d split it into 3 buckets, each with a different job.
Here’s how, with real numbers from current prices 🧵
felix Tanga (FT) retweeted
It was a seemingly innocuous email, sent on a Wednesday morning in January 2017, that started everything.
Arriving in the inbox of a senior official at Manchester City, it appeared to have been sent by an employee from European football’s governing body, UEFA, and contained a link to a financial compliance report.
The City official clicked the download button. That was all it took.
It was not a genuine email from UEFA but a successful phishing attempt by Portuguese hacker and activist Rui Pinto. City’s servers were breached, allowing Pinto to retrieve thousands of emails and documents from the club’s systems.
This week, almost 10 years on from Pinto’s first email, the Premier League announced that an independent panel had found City guilty of all but one of the charges against them, as The Athletic first revealed last Friday.
📝 @jwhitey98: nyti.ms/4z5sgoL
Roberto Mancini, who never answered the questions from the journalists who analyzed the Football Leaks documents, is now rushing to minimize the issue of his Consultancy Agreements, signed with his companies 'Sparkleglow Holdings' in Mauritius and 'Italy International Services' in Rome.
"Not my concern. It’s their issue, not mine", he says.
The idea may have come from Manchester City executives, but knowingly accepting such a side arrangement raises a serious moral question, to say the least.
The documents related to the Man City/Al Jazira/Mancini affair can be found at the following link:
cdn.prod.www.spiegel.de/medi…
felix Tanga (FT) retweeted
Roberto Mancini, who never answered the questions from the journalists who analyzed the Football Leaks documents, is now rushing to minimize the issue of his Consultancy Agreements, signed with his companies 'Sparkleglow Holdings' in Mauritius and 'Italy International Services' in Rome.
"Not my concern. It’s their issue, not mine", he says.
The idea may have come from Manchester City executives, but knowingly accepting such a side arrangement raises a serious moral question, to say the least.
The documents related to the Man City/Al Jazira/Mancini affair can be found at the following link:
cdn.prod.www.spiegel.de/medi…
felix Tanga (FT) retweeted
Manchester City, one of the richest, most successful sports teams of the modern era, was found guilty on Tuesday of more than 100 violations of the Premier League’s rules on spending. on.wsj.com/4rAAP8C
felix Tanga (FT) retweeted
Manchester City have been found guilty on all but one of the 115 charges relating to breaches of the Premier League’s financial regulations
