mwanahisa wrote:Tomorrow the rights begin trading. I understand that preliminary indications are that institutional investors may be willing to pay Kshs 3 for the GoK rights. They would not however mind paying less, so its possible that they may feign disinterest at first, to push down the price (HOPEFULLY). Guys, you better be ready to push the trigger if and when the rights come to a fair price, because the deal(s) may happen very fast.
What will be a fair price for the rights? - the market will soon let us know!
The rights begin trading on Wednesday, 1st Dec and not tomorrow.
for the GoK rights, i think 3 bob sound realistic.
For me, thou, the interest will be more on the xr stocks which will be moving in tandem with the price of rights. So as they push down the xr price and eventually the price of rights,and the attention shifting from xr shares to the rights, i hope to be picking them sub 22 levels for my 10% befroe books close on 23rd Dec!
@SufficientlyP