A few weeks ago, the news that Standard Bank might buy out NCBA lit up the market like a grassfire in the dry season, everyone, even the 150 guys in here suddenly wanted a piece, and the share price shot up fast.
But let’s not count our chickens before they hatch; if the talks collapse, investors could be left holding “their dicks" On the flip side, if the deal goes through, NCBA shares will cease to exist, and existing shareholders would be compensated, often with cash, but who’s to determine what a fair compensation amount is, other than the acquiring entity?
If you’ve bought those shares, please share any insights
6 month SBIC performance. They seem stable, that’s why they’re causing a stir in our backyard.