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Kplc restructure plan out
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Aguytrying
#51 Posted : Saturday, October 30, 2010 12:51:08 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
This will be awesome. Its now fermented in my mind n i have a plan. One question people. How will kplc pay off the 15.9B Debt. If the rights issue is raising 10B? I read they'll pay said debt and still have the 10B. where is the money for paying the debt coming from?
The investor's chief problem - and even his worst enemy - is likely to be himself
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TUPAC
#52 Posted : Saturday, October 30, 2010 1:05:04 PM
Rank: Member

Joined: 12/8/2009
Posts: 274
Location: Ltktk
@ aguy...
for you to understand this whole thing go to www.kplc.co.ke and download the circular to shareholders on this issue.
its under Investor Information link.
everything is so clear hapo mpaka you will be the one answering questions!
...things fall apart...the centre cannot hold..mere anarchy is loosed upon the world...w b yeats
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Aguytrying
#53 Posted : Saturday, October 30, 2010 1:22:54 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
TUPAC wrote:
@ aguy...
for you to understand this whole thing go to www.kplc.co.ke and download the circular to shareholders on this issue.
its under Investor Information link.
everything is so clear hapo mpaka you will be the one answering questions!

ha ha. I can answer quite a few now. I downloaded it last night, read and internalised it. Re-read the whole thread again and hence the aforementioned fermentation process. But thanks. Do you have an answer for the 15.9B debt, above post.
The investor's chief problem - and even his worst enemy - is likely to be himself
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TUPAC
#54 Posted : Saturday, October 30, 2010 1:58:47 PM
Rank: Member

Joined: 12/8/2009
Posts: 274
Location: Ltktk
@aguy...
ok.kplc is repaying the 15.9B debt by converting the 15.9B worth of preference shares to 76 622 891 ordinary shares of kplc.
the conversion rate is ksh 207.5 per preference share of ksh20 par value.
when this is done then it means the gov. gets more shares hence the debt is retired.
the rights issue by kplc is to raise 7 to 10B bob for the company.
the gov. wont take part in the rights issue.

...things fall apart...the centre cannot hold..mere anarchy is loosed upon the world...w b yeats
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guru267
#55 Posted : Saturday, October 30, 2010 6:16:02 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Aguytrying wrote:
This will be awesome. Its now fermented in my mind n i have a plan. One question people. How will kplc pay off the 15.9B Debt. If the rights issue is raising 10B? I read they'll pay said debt and still have the 10B. where is the money for paying the debt coming from?


@aguytrying the debt is in the preference shares being converted so in otherwords the debt is being paid of in exchange for an increased stake in the company by G.O.K.....

The 8.795 billion rights issue not 10 billion will be to raise capital for capital expenditure not debt repayment....
Mark 12:29
Deuteronomy 4:16
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Aguytrying
#56 Posted : Saturday, October 30, 2010 10:12:01 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
Thanks TUPAC and Guru. I think im the one who is slow, the circular is so clear. This thing is gonna be AWESOME!!! And whatever they are doing:Paying debt, split and rights is just genious.
The investor's chief problem - and even his worst enemy - is likely to be himself
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VituVingiSana
#57 Posted : Sunday, October 31, 2010 3:00:21 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,354
Location: Nairobi
Aguytrying wrote:
Thanks TUPAC and Guru. I think im the one who is slow, the circular is so clear. This thing is gonna be AWESOME!!! And whatever they are doing:Paying debt, split and rights is just genious.

@aguy - LOL... You are easy to keep happy! Nothing fancy but GoK are getting the shares at 207.50 cheap!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Aguytrying
#58 Posted : Sunday, October 31, 2010 7:59:42 AM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
VituVingiSana wrote:
Aguytrying wrote:
Thanks TUPAC and Guru. I think im the one who is slow, the circular is so clear. This thing is gonna be AWESOME!!! And whatever they are doing:Paying debt, split and rights is just genious.

@aguy - LOL... You are easy to keep happy! Nothing fancy but GoK are getting the shares at 207.50 cheap!

i hadn't paid attention to this restructure thing earlier, so when everyone was all excited i was like...next. So im now in the excitement phase.
The investor's chief problem - and even his worst enemy - is likely to be himself
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VituVingiSana
#59 Posted : Sunday, October 31, 2010 7:59:04 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,354
Location: Nairobi
Aguytrying wrote:
VituVingiSana wrote:
Aguytrying wrote:
Thanks TUPAC and Guru. I think im the one who is slow, the circular is so clear. This thing is gonna be AWESOME!!! And whatever they are doing:Paying debt, split and rights is just genious.

@aguy - LOL... You are easy to keep happy! Nothing fancy but GoK are getting the shares at 207.50 cheap!

i hadn't paid attention to this restructure thing earlier, so when everyone was all excited i was like...next. So im now in the excitement phase

Good for you!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Sober
#60 Posted : Sunday, October 31, 2010 10:41:12 PM
Rank: Elder

Joined: 11/27/2007
Posts: 3,604
here comes the new week. let us see how this counter will behave.
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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