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Kplc restructure plan out
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Sober
#351 Posted : Wednesday, December 08, 2010 11:16:07 AM
Rank: Elder

Joined: 11/27/2007
Posts: 3,604
2012 wrote:
The Govt. rights have not hit the mkt yet. The price will come down when they do. I'm awaiting next week like a hungry wolf.


are you trying to suggest that the government is willing to sell it's rights at a price lower than the current trading price? hell no.
3 KES is low premium. i am speculating a 4.00
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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Aguytrying
#352 Posted : Wednesday, December 08, 2010 11:19:34 AM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
2012 wrote:
The Govt. rights have not hit the mkt yet. The price will come down when they do. I'm awaiting next week like a hungry wolf.


yes they havent, but what are they waiting for. thur 9, fri10, mon 13, tues 14,wed 15. Why would they want so sell so many rights around 400m, in only five days if they didnt already have a buyer. It would be risky to do so if they didnt have a buyer, meaning they have a buyer. hii tension sio healthy.
The investor's chief problem - and even his worst enemy - is likely to be himself
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Sober
#353 Posted : Wednesday, December 08, 2010 11:25:04 AM
Rank: Elder

Joined: 11/27/2007
Posts: 3,604
but if they had a buyer they would have cleared it once and for all. there is a global trend to have many bids as the deadline approaches. the GOK is well aware that those shares can be snapped up in the last 3 days, i am sure of that.
in these three days, no one will be looking at the price because the D-day will be fast approaching. this will help them get the highest price ever untill most of us will be regretting why we never got in at 3 bob.
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
#354 Posted : Wednesday, December 08, 2010 11:29:59 AM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
Sober wrote:
2012 wrote:
The Govt. rights have not hit the mkt yet. The price will come down when they do. I'm awaiting next week like a hungry wolf.


are you trying to suggest that the government is willing to sell it's rights at a price lower than the current trading price? hell no.
3 KES is low premium. i am speculating a 4.00


This is a market. It's not about Govt willing to sell but enticing buyers. Don't forget that these are rights and not shares so whatever Govt. will not have sold by 15th will be dead stock. For that reason the buyer holds all the cards in this one so expect the price to come down because we will force it to.

BBI will solve it :)
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  | | Edit by user: Wednesday, December 08, 2010 11:35 AM | Reason: Not specified
stocksmaster
#355 Posted : Wednesday, December 08, 2010 11:40:06 AM
Rank: Member

Joined: 9/26/2006
Posts: 463
Location: CENTRAL PROVINCE
With the rights trading at a price of Ksh 2.85 and the share at Ksh 22.75 - Ksh 23, the difference {Ksh 22.75 - (Ksh 19.5+Ksh 2.75) = Ksh 0.50} of about Ksh 0.50 makes it more strategic to buy the share from the market.

Instead of purchasing the rights then tying money upto the end of January, I have decided to pick up the shares from the market.

By the middle of January 2011, the share should be trading in the Ksh 25 -26 range which should afford a 6-10% net capital gains within one month before the rights shares are listed and change the dynamics of the KPLC share.

Happy hunting.

x handle: @stocksmaster79
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  | | Edit by user: Wednesday, December 08, 2010 11:42 AM | Reason: Grammar
My 2 cents
#356 Posted : Wednesday, December 08, 2010 11:46:36 AM
Rank: Veteran

Joined: 6/2/2010
Posts: 1,090
stocksmaster wrote:
With the rights trading at a price of Ksh 2.85 and the share at Ksh 22.75 - Ksh 23, the difference {Ksh 22.75 - (Ksh 19.5+Ksh 2.75) = Ksh 0.50} of about Ksh 0.50 makes it more strategic to buy the share from the market.

Instead of purchasing the rights then tying money upto the end of January, I have decided to pick up the shares from the market.

By the middle of January 2011, the share should be trading in the Ksh 25 -26 range which should afford a 6-10% net capital gains within one month before the rights shares are listed and change the dynamics of the KPLC share.

Happy hunting.


I made this decision 2/3 days after rights started trading i.e. to buy the shares outright rather than tie up my money till end of January. There are no free lunches in this world. Hoping for the rights at below 2 bob prices is foolhardy. The govt rights have already been 'eaten'
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2012
#357 Posted : Wednesday, December 08, 2010 12:00:54 PM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
My 2 cents wrote:
stocksmaster wrote:
With the rights trading at a price of Ksh 2.85 and the share at Ksh 22.75 - Ksh 23, the difference {Ksh 22.75 - (Ksh 19.5+Ksh 2.75) = Ksh 0.50} of about Ksh 0.50 makes it more strategic to buy the share from the market.

Instead of purchasing the rights then tying money upto the end of January, I have decided to pick up the shares from the market.

By the middle of January 2011, the share should be trading in the Ksh 25 -26 range which should afford a 6-10% net capital gains within one month before the rights shares are listed and change the dynamics of the KPLC share.

Happy hunting.


I made this decision 2/3 days after rights started trading i.e. to buy the shares outright rather than tie up my money till end of January. There are no free lunches in this world. Hoping for the rights at below 2 bob prices is foolhardy. The govt rights have already been 'eaten'


I can bet you that when the Govt rights hit the market next week the share price will come down to 21-21.5 from 22.75. I've already placed my order @21.25

BBI will solve it :)
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  | | Edit by user: Wednesday, December 08, 2010 12:02 PM | Reason: Not specified
Aguytrying
#358 Posted : Wednesday, December 08, 2010 12:11:05 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
My 2 cents wrote:
stocksmaster wrote:
With the rights trading at a price of Ksh 2.85 and the share at Ksh 22.75 - Ksh 23, the difference {Ksh 22.75 - (Ksh 19.5+Ksh 2.75) = Ksh 0.50} of about Ksh 0.50 makes it more strategic to buy the share from the market.

Instead of purchasing the rights then tying money upto the end of January, I have decided to pick up the shares from the market.

By the middle of January 2011, the share should be trading in the Ksh 25 -26 range which should afford a 6-10% net capital gains within one month before the rights shares are listed and change the dynamics of the KPLC share.

Happy hunting.


I made this decision 2/3 days after rights started trading i.e. to buy the shares outright rather than tie up my money till end of January. There are no free lunches in this world. Hoping for the rights at below 2 bob prices is foolhardy. The govt rights have already been 'eaten'


How do we expect the kplc share to trade ex rights, but, before the new shares start trading in end jan? and how do we expect the dynamics after the rights start trading.(the dilution).
The investor's chief problem - and even his worst enemy - is likely to be himself
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Sober
#359 Posted : Wednesday, December 08, 2010 2:51:05 PM
Rank: Elder

Joined: 11/27/2007
Posts: 3,604
2012 wrote:
Sober wrote:
2012 wrote:
The Govt. rights have not hit the mkt yet. The price will come down when they do. I'm awaiting next week like a hungry wolf.


are you trying to suggest that the government is willing to sell it's rights at a price lower than the current trading price? hell no.
3 KES is low premium. i am speculating a 4.00


This is a market. It's not about Govt willing to sell but enticing buyers. Don't forget that these are rights and not shares so whatever Govt. will not have sold by 15th will be dead stock. For that reason the buyer holds all the cards in this one so expect the price to come down because we will force it to.



the moment 50% of the shares are bought. 245million. it will be declared a success and the rights issue can go on because any 'balance' will be mopped up by akina EB and CO-op. are you seeing this happen?
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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stocksmaster
#360 Posted : Wednesday, December 08, 2010 3:04:27 PM
Rank: Member

Joined: 9/26/2006
Posts: 463
Location: CENTRAL PROVINCE
[/quote]

I can bet you that when the Govt rights hit the market next week the share price will come down to 21-21.5 from 22.75. I've already placed my order @21.25
[/quote]

The govt rights will not all be traded....... thats why additional rights of upto 1,000 shares (Ksh 19,500) will be awarded in full from the GoK rights kitty. With this assured additional rights, the other shareholders cannot complain of bias when the bulk of the GoK rights are traded to preferred institutional/high net worth buyers at Ksh 2.00 or lower. The trick would be to place a buy order for the rights at Ksh 2.00.This will be satisfied as the GoK rights flash through the market.

This activity will not last longer than a day marking the end of the KPLC Rights and focus gets redirected to the KPLC shares on the market.

Happy hunting.
x handle: @stocksmaster79
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