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BREAKING NEWS!! KPLC RESTRUCTURING details out
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mwanahisa
#11 Posted : Thursday, September 23, 2010 8:00:10 PM
Rank: Elder

Joined: 6/2/2008
Posts: 1,438
@VVS, sure that makes sense. The problem is that KPLC has not given any further details regarding the restructuring, rights issue, split etc. Exactly what are they waiting for? Or has Nyoike been too busy fighting KK, for crying out loud!!!!
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VituVingiSana
#12 Posted : Thursday, September 23, 2010 8:08:45 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
mwanahisa wrote:
@VVS, sure that makes sense. The problem is that KPLC has not given any further details regarding the restructuring, rights issue, split etc. Exactly what are they waiting for? Or has Nyoike been too busy fighting KK, for crying out loud!!!!
It is NOT the KPLC management but the GoK who is pushing the process...

The restructuring is a Board/Shareholder issue. The results/operations are a management matter. Yes, the Board approves the release of results but the 'Capital Restructuring' needs GoK input. Yes, nyoike has been wasting our (taxpayer) time & money fighting KK...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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mwanahisa
#13 Posted : Thursday, September 23, 2010 8:34:14 PM
Rank: Elder

Joined: 6/2/2008
Posts: 1,438
If GoK is the main mover on this, we are in for a LONG LONG wait. GoK cannot exactly be accused of having achievd anything on schedule - "Water for all by Year 2000" come to mind?

Maybe that will turn out for the best. The longer GoK waits before conversion the higher the likelihood that the real value of the company will be realised. The degree of dilution will lessen with time.
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VituVingiSana
#14 Posted : Thursday, September 23, 2010 8:37:24 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
mwanahisa wrote:
If GoK is the main mover on this, we are in for a LONG LONG wait. GoK cannot exactly be accused of having achievd anything on schedule - "Water for all by Year 2000" come to mind?

Maybe that will turn out for the best. The longer GoK waits before conversion the higher the likelihood that the real value of the company will be realised. The degree of dilution will lessen with time.
Amen! For all I know, KPLC has not been paying (though providing for) the Preference Dividend.

The only problem is my shares see a 'depressed' price coz of the delay in the restructuring... On the other hand I am OK coz I am confident I will meet my ROI goals...

IMHO, a MINIMUM of 300/- is what I will accept for the conversion. No less. I will fight them otherwise... How? Not sure but I am open to ideas!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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guru267
#15 Posted : Thursday, September 23, 2010 9:20:37 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
@VVS we might be headed back to 200bob....

The results were good but not that GREAT....

There is disappointment all over the results in terms of profits, dividends, and restructuring... All of which may very well cause a sell off....

But thats the beauty of getting in at 120bob... A fall to even 180 from here i will still be in profit plus i have a 6.6% dividend yield... I can sit put and wait for stuff to improve
Mark 12:29
Deuteronomy 4:16
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youcan'tstopusnow
#16 Posted : Thursday, September 23, 2010 9:20:44 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
VituVingiSana wrote:
IMHO, a MINIMUM of 300/- is what I will accept for the conversion. No less. I will fight them otherwise... How? Not sure but I am open to ideas!

Have you ever tried constructive vandalism? smile
GOD BLESS YOUR LIFE
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VituVingiSana
#17 Posted : Thursday, September 23, 2010 9:22:43 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
youcan'tstopusnow wrote:
VituVingiSana wrote:
IMHO, a MINIMUM of 300/- is what I will accept for the conversion. No less. I will fight them otherwise... How? Not sure but I am open to ideas!

Have you ever tried constructive vandalism? smile
LOL... No vandalism for me... I am looking for other ideas...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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youcan'tstopusnow
#18 Posted : Thursday, September 23, 2010 9:24:20 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Yani guru you are 100 percent up na haujauza? What's your exit price? SELL SELL SELL And BUY BUY BUY KCB.smile It could use your big money.
GOD BLESS YOUR LIFE
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VituVingiSana
#19 Posted : Thursday, September 23, 2010 9:24:25 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
@guru - If KPLC falls to 200/-... SWEET... coz I am ready to load up on more... I wanna buy what others are selling...

I am sure about KPLC's future (except for political interference)...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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guru267
#20 Posted : Thursday, September 23, 2010 9:29:55 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
youcan'tstopusnow wrote:
Yani guru you are 100 percent up na haujauza? What's your exit price? SELL SELL SELL And BUY BUY BUY KCB.smile It could use your big money.

@youcan't i will not sell KPLC for anything rIght now... Its not everyday you make 100% capital gains and 6.6% dividend yield in about a year.... Laughing out loudly

I already plunged into KCB with my proceeds from safaricom sale so i'm waiting patiently for january...
Mark 12:29
Deuteronomy 4:16
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