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KPLC split/rights timeline
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My 2 cents
#1 Posted: : Monday, October 18, 2010 10:46:03 AM
Rank: Veteran

Joined: 6/2/2010
Posts: 1,090
Anyone know when this will be?
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2012
#2 Posted : Monday, October 18, 2010 11:14:22 AM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
My 2 cents wrote:
Anyone know when this will be?


I thought they said they'll make it public this year once it's finalised? Patients my friend.

BBI will solve it :)
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Sober
#3 Posted : Monday, October 18, 2010 12:29:51 PM
Rank: Elder

Joined: 11/27/2007
Posts: 3,604
there is a comprehensive string running on this counter. it offers more than necessary, at least for now.
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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KIRTI
#4 Posted : Monday, October 18, 2010 4:03:43 PM
Rank: Member

Joined: 8/17/2010
Posts: 116
After restruckring, Share capital will increase from 79.1m share of 20 to = 1582m to 1734.6m Share of 2.50 = 4336m. Share price will go down from current price of 233 to 160 very soon. so i suggest to SELL SELL SELL SELL.
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guru267
#5 Posted : Monday, October 18, 2010 4:09:52 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
KIRTI wrote:
After restruckring, Share capital will increase from 79.1m share of 20 to = 1582m to 1734.6m Share of 2.50 = 4336m. Share price will go down from current price of 233 to 160 very soon. so i suggest to SELL SELL SELL SELL.


i like this very cheap logic... HALF BAKED i tell ya...

did stanchart fall to 160 when they held their rights issue....

@KIRTI not every counter is a KCB you know...
Mark 12:29
Deuteronomy 4:16
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Sober
#6 Posted : Monday, October 18, 2010 4:41:22 PM
Rank: Elder

Joined: 11/27/2007
Posts: 3,604
Kirti, what calculator are you using. i did not get a thing. only the current 79mn shares
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
#7 Posted : Monday, October 18, 2010 4:45:51 PM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
KIRTI wrote:
After restruckring, Share capital will increase from 79.1m share of 20 to = 1582m to 1734.6m Share of 2.50 = 4336m. Share price will go down from current price of 233 to 160 very soon. so i suggest to SELL SELL SELL SELL.


Stop confusing people. KPLC is not adding new shares to the market. They are converting preference shares which hurt share holders more than add value. The right issue will increase KPLC's capital so I don't get what you're talking about.

BBI will solve it :)
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  | | Edit by user: Monday, October 18, 2010 4:46 PM | Reason: Not specified
KIRTI
#8 Posted : Monday, October 18, 2010 4:46:01 PM
Rank: Member

Joined: 8/17/2010
Posts: 116
guru267 wrote:
KIRTI wrote:
After restruckring, Share capital will increase from 79.1m share of 20 to = 1582m to 1734.6m Share of 2.50 = 4336m. Share price will go down from current price of 233 to 160 very soon. so i suggest to SELL SELL SELL SELL.


i like this very cheap logic... HALF BAKED i tell ya...

did stanchart fall to 160 when they held their rights issue....

@KIRTI not every counter is a KCB you know...

Kplc earn 3.2 b. let assume they will earn 4.00b by next year. current PE ratio is 6 bob.
let assume PE ration will go @ 8 bob for next year. if you work out Share price will be 18.50 bob.
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guru267
#9 Posted : Monday, October 18, 2010 4:55:25 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
KIRTI wrote:

Kplc earn 3.2 b. let assume they will earn 4.00b by next year. current PE ratio is 6 bob.
let assume PE ration will go @ 8 bob for next year. if you work out Share price will be 18.50 bob.


@KIRTI let me take you to school in math 101

After the conversion and split there will be 1.24billion shares... After the rights issue there will be 1.73 billion shares..

if PAT is 4billion as you say then EPS will be 2.33...

If kengen is allowed to trade at a P/E of 19 then its fair to say KPLC can trade at a P/E of 13...

At this P/E and EPS we have a price of 30.15 or if converted back to current status a price of 240bob

@KIRTI now do you see where we differ???
Mark 12:29
Deuteronomy 4:16
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KIRTI
#10 Posted : Monday, October 18, 2010 5:22:57 PM
Rank: Member

Joined: 8/17/2010
Posts: 116
Even if you are right & share price will go up to 30 bob after conversion & split, still i will suggest to offload your share at current price. Just keep only 100 share & apply for additional share as much as possible. you will get it as GOk will not take their right.
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