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Kplc restructure plan out
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My 2 cents
#81 Posted : Tuesday, November 02, 2010 5:51:04 PM
Rank: Veteran

Joined: 6/2/2010
Posts: 1,090
2012 wrote:
Sufficiently Philanga....thropic wrote:
As it is right now, the stock seems to have hit its low at 223,224 levels. What waits to be seen is how the stock trades after the div closure date on 8th.
Will it slide further? Still an open question!


Dividend book closed (was it) 21st Oct. 8th Nov is book closure for the rights issue if I'm not wrong. So what you're experiencing now is as real as it gets unless of course the price drops slightly within the issue window, and I see that happening.


Wrong. The stock is still trading cum div; bks close 8th Nov. The bks closure date for rights and split is still subject to approval.
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Sufficiently Philanga....thropic
#82 Posted : Tuesday, November 02, 2010 6:18:45 PM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
VituVingiSana wrote:
Sufficiently Philanga....thropic wrote:
VituVingiSana wrote:
Back to 225/- but only 16,000 traded... Tough to say if there is hidden demand at lower prices since not everyone puts the bids on the Board

@VVS what i know is that there was some 2M supply off board by a fund Manager who managed to sell from 238 and their last lot went last Friday at KES 225! Since then, the downward movement has been sort of slow!

Wow... 2mn shares! Nani huyu?

I am surprised coz I was under the impression that the take-up would be by these Fund Managers! I might reconsider my position...

couldnt get the details of the Fund Manager. Like you i thought they should be stocking up n not down.
Could there be something they know that we don't?
I think probably they have been assured of a big bulk of the Govt rights n to them, 225 is still a sell. I could be wrong!
@2012, KPLC is still trading cum divs till Nov 8th, AGM will be 2 days after.
Jus download the NSE Price list from their website, nse.co.ke. The last day for share to trade cum rights should be on or about 24th Nov 2010!
@SufficientlyP
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2012
#83 Posted : Tuesday, November 02, 2010 6:49:25 PM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
My 2 cents wrote:
Wrong. The stock is still trading cum div; bks close 8th Nov. The bks closure date for rights and split is still subject to approval.


C/P
2010 Annual Report Chair's Statement PG17

Dividend
The Directors recommend to members that in addition to the interim
dividend of Shs.3.00 paid earlier, a final dividend of Shs.5.00 per ordinary
share be paid for the year ended 30th June 2010, subject to withholding tax where applicable, to shareholders registered in the books of the Company at close of business on 21st October 2010. This amounts to a total dividend of Shs.8.00 per share (previous year - Shs.8.00). If approved, the dividend will be paid on or about 15th December 2010.

BBI will solve it :)
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  | | Edit by user: Tuesday, November 02, 2010 6:52 PM | Reason: Not specified
My 2 cents
#84 Posted : Wednesday, November 03, 2010 10:14:52 AM
Rank: Veteran

Joined: 6/2/2010
Posts: 1,090
2012 wrote:
My 2 cents wrote:
Wrong. The stock is still trading cum div; bks close 8th Nov. The bks closure date for rights and split is still subject to approval.


C/P
2010 Annual Report Chair's Statement PG17

Dividend
The Directors recommend to members that in addition to the interim
dividend of Shs.3.00 paid earlier, a final dividend of Shs.5.00 per ordinary
share be paid for the year ended 30th June 2010, subject to withholding tax where applicable, to shareholders registered in the books of the Company at close of business on 21st October 2010. This amounts to a total dividend of Shs.8.00 per share (previous year - Shs.8.00). If approved, the dividend will be paid on or about 15th December 2010.


Wrong again. See the final document that was sent to NSE, received and stamped 23rd Sep. The books close 8th Nov. Take my word for it. Call registras to confirm if you still doubt. The shares are still trading cum div.

http://www.nse.co.ke/new...cop=63&cat=aCompany
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Sober
#85 Posted : Wednesday, November 10, 2010 7:13:43 AM
Rank: Elder

Joined: 11/27/2007
Posts: 3,604
Today is the D-day. A lot is going to happen to this counter. Any pridictions?
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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Sufficiently Philanga....thropic
#86 Posted : Wednesday, November 10, 2010 9:45:17 AM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
A lot will depend on what Enj.Njoro and co. will say today at the AGM.
A big chunk of me still believes below 220 will be hard to crack. I could be wrong!
@SufficientlyP
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VituVingiSana
#87 Posted : Wednesday, November 10, 2010 10:26:35 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,354
Location: Nairobi
Price already below 220/-... But it is ex-div... Anyway, unless there is a revelation there will be little info that is new until the IM for the Rights is released
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Sober
#88 Posted : Wednesday, November 10, 2010 10:53:06 AM
Rank: Elder

Joined: 11/27/2007
Posts: 3,604
Am at the agm, nothing new said so far. Just the common questions from the mwananchi about cancerous energy saving bulbs.
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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My 2 cents
#89 Posted : Wednesday, November 10, 2010 10:55:50 AM
Rank: Veteran

Joined: 6/2/2010
Posts: 1,090
Isn't anybody asking whom the government intends to place its rights with. Why did they not offer the govt rights to the market?
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2012
#90 Posted : Wednesday, November 10, 2010 10:59:13 AM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
My 2 cents wrote:
Isn't anybody asking whom the government intends to place its rights with. Why did they not offer the govt rights to the market?


What do you mean, aren't they offering to the market?

BBI will solve it :)
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