About the rights, yes we certainly need to get the pricing and the timetable. I do not know why they could not have announced the whole thing at the same time.

However, the 10 billion shillings was attributed to Nyoike so I can give credence to that. In that case I stick to my 31% discount at the current price.

@GG there is NO WAY you will get extra allocation... this share is madly held by institutions who will gladly take up all their rights... plus i heard all the renounced G.O.K rights will be only available to institutions....

My strategy is to get these rights on the open market....


plus i'm wondering if there will be any price reaction today!!!

dude not many people have a problem with this because most fund managers and investment banks that own KPLC were perfectly happy with 187million shares and they've been given 155million shares....

so sorry to say you look like a lone renger in this one....

On a light note I have been trying to work out why split the share into 8. The only plausible reason I have come up with is so that they can maintain the dividend at Kshs 1. Sounds crazy doesn't it? LOL! I would have gone for a 20:1 split.

Yes, you have the right to renounce the rights to a person of your choice. So you have got me there.

However, I would expect the Govt to offer their rights in the market and let us all bid for them, institutions and retail together.

If they renounce the rights to institutions at nil value then we can even sue as citizens (not as shareholders) on the basis that this is underhand and Govt is not getting value for mwananchi. Call in KHRC, KACC, Transparency International, Hon Nyongo etc.