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Kplc restructure plan out

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Sober		#121 Posted : Friday, November 12, 2010 8:46:22 AM
Rank: Elder Joined: 11/27/2007 Posts: 3,604		erifloss wrote: Does the sale of shares or rights thereof by the government fall under the public procurement act? If so then they should sell to the highest bidder of which according to me is the open market but with Jimnah you never know what's cooking! it may be the highest bidder but also looking at the flip side, if they sold it in large blocks (institution) the returns may be higher and more promising than sharing it out into a million slices. the buyer in large blocks will have a more bargaining power. my two cents. 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		#122 Posted : Friday, November 12, 2010 10:10:38 AM
Rank: Elder Joined: 12/9/2009 Posts: 6,592 Location: Nairobi		VituVingiSana wrote: It would not surprise me if the Rights are 'sold' on the market but in a special lot or deal not available to the rest of us... I think that might be what they are planning to do. BBI will solve it :)
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Evolve		#123 Posted : Friday, November 12, 2010 11:17:04 AM
Rank: Member Joined: 9/25/2007 Posts: 96		Given the kind of response here, does it make sense to have the issue underwritten?
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MathewBracken		#124 Posted : Friday, November 12, 2010 1:46:06 PM
Rank: Hello Joined: 11/12/2010 Posts: 1 Location: Los Angeles		The common stocks which are traded over OTC Bulletin Board or pink sheets carrying per share value of $5 or under that are known as penny stocks. They bear absolute low value and carry limited liquidity.
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Sober		#125 Posted : Friday, November 12, 2010 2:44:29 PM
Rank: Elder Joined: 11/27/2007 Posts: 3,604		MathewBracken wrote: The common stocks which are traded over OTC Bulletin Board or pink sheets carrying per share value of $5 or under that are known as penny stocks. They bear absolute low value and carry limited liquidity. i havent understood the relationship of this with my counter. 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		#126 Posted : Friday, November 12, 2010 3:04:33 PM
Rank: Elder Joined: 9/23/2010 Posts: 2,225 Location: Sundowner,Amboseli		Power headed for 200 bob! supposing the rights come at KES 18.50, that would be KES 148 pre split, and assuming we are talking 30% discount, then we are looking at not buying this stock currently at more than 192. Looks like the price of this stock is slowly sliding to this figure! @SufficientlyP
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BGL		#127 Posted : Friday, November 12, 2010 3:28:30 PM
Rank: Veteran Joined: 10/11/2009 Posts: 1,223		Sufficiently Philanga....thropic wrote: Power headed for 200 bob! supposing the rights come at KES 18.50, that would be KES 148 pre split, and assuming we are talking 30% discount, then we are looking at not buying this stock currently at more than 192. Looks like the price of this stock is slowly sliding to this figure! Similar arguments which do not make sense were made of StanChat. So, keep that to yourself. 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
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alikujia		#128 Posted : Friday, November 12, 2010 5:47:39 PM
Rank: Member Joined: 5/27/2010 Posts: 324 Location: nrb		BGL wrote: Sufficiently Philanga....thropic wrote: Power headed for 200 bob! supposing the rights come at KES 18.50, that would be KES 148 pre split, and assuming we are talking 30% discount, then we are looking at not buying this stock currently at more than 192. Looks like the price of this stock is slowly sliding to this figure! Similar arguments which do not make sense were made of StanChat. So, keep that to yourself. at BGL, Obviously, this one is much more complext than the simple straight foward stanchart case. those govt rights hold millions at stake in capital appreciation, depending on how it plays out. And remember, 1. kplc float is not much - can easily be manipulated in the shortrun. 2. it is a parastatal, so decisions will not be based purely on commecisl wealth maximization, infact a clique influence is likely to prevail.
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shauriyako		#129 Posted : Saturday, November 13, 2010 1:13:44 PM
Rank: New-farer Joined: 6/17/2010 Posts: 71 Location: Kenya		I a lighted/ from a sinking Mumias to cut my loss only to board a KPLC that is now showing similar tendencies. I guess the price is being pushed down on purpose as this will translate into lower priced rights. The longer they take to announce the pricing of the rights the lower the price will come - remember KCB. Post split stability at anything between 45 - 50 is possible. When we wake up in the morning, we have two simple choices. Go back to sleep and dream, or wake up and chase those dreams. The choice is yours! .
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VituVingiSana		#130 Posted : Saturday, November 13, 2010 1:54:56 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,354 Location: Nairobi		shauriyako wrote: Post split stability at anything between 45 - 50 is possible. Wow, you are ambitious! I am looking for 35/- max for now... I will be happy(er) with the 40-50 range! I hope the 1H Results are very, very good [not just good]... I am surprised they did not do the Rights AFTER the 1H Results... They could have gotten a better price... Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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