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KPLC share capital restructuring - Time to bail out?
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Renegade
#51 Posted : Thursday, October 07, 2010 2:23:32 PM
Rank: Member

Joined: 4/18/2009
Posts: 118
Judging from the price action, resistance level is at 240. PE of 10 looks about right.
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guru267
#52 Posted : Thursday, October 07, 2010 4:08:41 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Magnetic Touch wrote:
A fair PE ratio on this counter is 10. Because of the level of Govt shareholding. Look at all the others where Govt has big shareholding (IGNORE KenGen - which is an outlier).


@magnetic touch there is no way that you can say that KPLC right now is where its suppose to be because you know all the uncertainty is gone.... and G.O.K will hold only 50+1% in the company after the rights issue.... then there's the split....Laughing out loudly

this stock is worth more than 300 and anyone who knows a thing or 2 about investing would be buying into it...

i'm even willing to average up to 160 now unless someone out there can tell me one thing wrong with this counter... JUST ONE!!
Mark 12:29
Deuteronomy 4:16
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Gordon Gekko
#53 Posted : Thursday, October 07, 2010 5:14:32 PM
Rank: Elder

Joined: 5/27/2008
Posts: 3,760
guru267 wrote:
Gordon Gekko wrote:
I'm not in KPLC, but the prospects look good. I intend to buy a token 100 shares then wait for the rights issue where I will apply for extra shares at the rights price.smile



@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!!!


At @vvs price of ksh 238, there MUST be an under-subscription if they put out 488M(shs 15B), therefore I think my strategy is solid.
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PKoli
#54 Posted : Thursday, October 07, 2010 5:18:49 PM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
Gordon Gekko wrote:
guru267 wrote:
Gordon Gekko wrote:
I'm not in KPLC, but the prospects look good. I intend to buy a token 100 shares then wait for the rights issue where I will apply for extra shares at the rights price.smile



@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!!!


At @vvs price of ksh 238, there MUST be an under-subscription if they put out 488M(shs 15B), therefore I think my strategy is solid.


@GG,

I did excatly that today, got myself minimum (ie 100 shares). I will use that as a bait to apply for huge rights if the price looks reasonable. If the price is not I will not bother and will just sell off the stock later.
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guru267
#55 Posted : Thursday, October 07, 2010 6:44:52 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Gordon Gekko wrote:
At @vvs price of ksh 238, there MUST be an under-subscription if they put out 488M(shs 15B), therefore I think my strategy is solid.


@GG @VVS and I came up with 167 as the rights issue price not 238 there will be no under subscription
Mark 12:29
Deuteronomy 4:16
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2012
#56 Posted : Friday, October 08, 2010 3:25:59 PM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
Why is KPLC down almost 3% today? I thought conversion of the preference shares to ordinary would be good news to shareholders?
Govt. will receive an equivalent of 15/- per share while we get 8/- if we use the new conversion....

Pse someone educate me because I don't think I get this one.

BBI will solve it :)
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KIRTI
#57 Posted : Friday, October 08, 2010 4:02:31 PM
Rank: Member

Joined: 8/17/2010
Posts: 116
2012 wrote:
Why is KPLC down almost 3% today? I thought conversion of the preference shares to ordinary would be good news to shareholders?
Govt. will receive an equivalent of 15/- per share while we get 8/- if we use the new conversion....

Pse someone educate me because I don't think I get this one.

conversion of 794,962,491 P.share of 20 each to 76,622,891 of ordinary share of 20each.means convert @ 207.50 per share.
794,962,491 p.share x 20 = 15,899,249,820
76,622,891 x 207.5 = 15,899,249,882
GOK will get big portion of right.so share price will godown.
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Sober
#58 Posted : Friday, October 08, 2010 4:43:22 PM
Rank: Elder

Joined: 11/27/2007
Posts: 3,604
Get onto this band wagon or else you will keep on regretting like some people looking at scan group.
I got in at 215 threee years ago. I have been toping up as i wait for this called restructuring. It's a win win situation. Only if you get in at sub 300. Ask me why when the rights are here.
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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2012
#59 Posted : Friday, October 08, 2010 5:01:56 PM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
KIRTI wrote:
GOK will get big portion of right.so share price will godown.


@KIRTI,
As things stand what price would you buy it at?

BBI will solve it :)
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KIRTI
#60 Posted : Friday, October 08, 2010 5:47:59 PM
Rank: Member

Joined: 8/17/2010
Posts: 116
2012 wrote:
KIRTI wrote:
GOK will get big portion of right.so share price will godown.


@KIRTI,
As things stand what price would you buy it at?

I will not buy from the market. I will apply for additional right.
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