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Kplc restructure plan out
Sober
#1 Posted : Thursday, October 28, 2010 2:28:31 PM
Rank: Elder

Joined: 11/27/2007
Posts: 3,604
Seen briefly on 1pm news. Plan to raise 7-10 bn.
transaction advisor D&B,legal advisor the normal company sec for KPLC.
Sober attached the following image(s):
KPLCrv.jpg (32kb) downloaded 1 time(s).
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
mwanahisa
#2 Posted : Thursday, October 28, 2010 2:33:26 PM
Rank: Elder

Joined: 6/2/2008
Posts: 1,438
Apparently the rights issue will run from 25th November to 15th December. Additional details anyone?
mwanahisa
#3 Posted : Thursday, October 28, 2010 2:44:37 PM
Rank: Elder

Joined: 6/2/2008
Posts: 1,438
Time to start preparing funds to take up our rights and more! It will be interesting to see how the share price will respond to these news. Will probably remain depressed, but I am certain that price will rise once the rights issue closes.
VituVingiSana
#4 Posted : Thursday, October 28, 2010 2:45:02 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,354
Location: Nairobi
7-10bn... More details after the AGM [though I suspect there will be additional details during the AGM too]
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
guru267
#5 Posted : Thursday, October 28, 2010 3:12:21 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Sober wrote:
Seen briefly on 1pm news. Plan to raise 7-10 bn


a 7-10 billion rights issue basically means a 10billion rights issue...
Mark 12:29
Deuteronomy 4:16
VituVingiSana
#6 Posted : Thursday, October 28, 2010 3:17:58 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,354
Location: Nairobi
guru267 wrote:
Sober wrote:
Seen briefly on 1pm news. Plan to raise 7-10 bn


a 7-10 billion rights issue basically means a 10billion rights issue...

Depends... Say the market is not enthusiastic then they go for the lower number BUT I think you are right i.e. it will be higher than lower
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
BGL
#7 Posted : Thursday, October 28, 2010 3:48:26 PM
Rank: Veteran

Joined: 10/11/2009
Posts: 1,223
VituVingiSana wrote:
guru267 wrote:
Sober wrote:
Seen briefly on 1pm news. Plan to raise 7-10 bn


a 7-10 billion rights issue basically means a 10billion rights issue...

Depends... Say the market is not enthusiastic then they go for the lower number BUT I think you are right i.e. it will be higher than lower


here is the circular http://www.2shared.com/d...areholder_circular.html

History will not remember you for your IQ. It will remember you for what you did. “Genius is 1 percent inspiration, 99 percent perspiration.” Thomas Edison
Maumau
#8 Posted : Thursday, October 28, 2010 3:53:55 PM
Rank: Member

Joined: 3/11/2009
Posts: 22
@BGL, thanks.
Sober
#9 Posted : Thursday, October 28, 2010 4:02:06 PM
Rank: Elder

Joined: 11/27/2007
Posts: 3,604
share split ration 8:1 to a par value of 2.50
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
stocksmaster
#10 Posted : Thursday, October 28, 2010 4:08:48 PM
Rank: Member

Joined: 9/26/2006
Posts: 463
Location: CENTRAL PROVINCE
If the issue aims to raise Ksh 7-10B, then the issue price will range from Ksh 15 - 21! (Ksh 120 - 170 at current prices). This assumes the quantity of newly issued shares are all offered in the rights.

The higher figure of Ksh 21 makes more sense and hence i anticipate a Ksh 10B offer.

Happy hunting
x handle: @stocksmaster79
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