So now we are expecting a rights price of 164. Let Mr. Market speak. The mkt is opening....

Are you guys serious?? This is GREAT!

Price at 240. Not much of a rally there then. Looks like the news was already factored into the price.

Give it time. I see 270/- sooner than later.

@SP, Utilities tend to command lower PE ratios in most markets partly because they tend to be low growth companies for a variety of reasons. We can debate about the applicability of that in the Kenyan market given that KPLC while not growing at a stratospheric rate, is still growing revenues and profits steadily and will continue to do so.

For this reason, I prefer to err on the side of caution and maintain my PE ratio of 12. That would still bring some nice upside from the current price and the beauty for me is that it will be likely to happen before the end of this year.

It appears that the price movement is being skewed by a particularly large seller who probably bought it below 150. I can't blame them. I am being greedy on this though one - I am hanging onto some that I bought at 120 although I added at 200.