wazua Thu, Mar 26, 2026
Welcome Guest Search | Active Topics | Log In

51 Pages«<3536373839>»
Kplc restructure plan out
Options
Previous Topic · Next Topic
KIRTI
#361 Posted : Wednesday, December 08, 2010 3:41:15 PM
Rank: Member

Joined: 8/17/2010
Posts: 116
There is romour in nairobi GOK right has been purchased by Equity bank, Co op bank & centum. It will come on the board by Friday.
Back to top
  |
2012
#362 Posted : Wednesday, December 08, 2010 4:02:42 PM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
KIRTI wrote:
There is romour in nairobi GOK right has been purchased by Equity bank, Co op bank & centum. It will come on the board by Friday.


It's not a rumour. Equity and Centum will be underwriting 30% and 10% respectively (if I'm not wrong).

BBI will solve it :)
Back to top
  |
VituVingiSana
#363 Posted : Wednesday, December 08, 2010 4:07:19 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,354
Location: Nairobi
Underwriting is different from buying Rights...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Back to top
  |
My 2 cents
#364 Posted : Wednesday, December 08, 2010 4:20:05 PM
Rank: Veteran

Joined: 6/2/2010
Posts: 1,090
I once made asked in a new post....

Does anyone have more information? Typical terms of an underwriting require the underwriter to subscribe for any shares offered but not taken up by shareholders.

Is this the case for the KPLC rights? i.e. Will Equity/Centum take up ONLY the rights that have not been taken up by the market? Or were they given the government rights outright?

There was no response, so I guess no one knows
Back to top
  |
VituVingiSana
#365 Posted : Wednesday, December 08, 2010 4:27:04 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,354
Location: Nairobi
My 2 cents wrote:
Will Equity/Centum take up ONLY the rights that have not been taken up by the market?
Yes.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Back to top
  |
guru267
#366 Posted : Wednesday, December 08, 2010 4:54:05 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
My 2 cents wrote:
I once made asked in a new post....

Does anyone have more information? Typical terms of an underwriting require the underwriter to subscribe for any shares offered but not taken up by shareholders.

Is this the case for the KPLC rights? i.e. Will Equity/Centum take up ONLY the rights that have not been taken up by the market? Or were they given the government rights outright?

There was no response, so I guess no one knows


@my 2 cents yes they can only take up rights subscribed for through underwriting but nothing stops them from buying G.O.K rights off the market....

BTW I was at D&B today there were loads of people... 90% of whom were going for K.P.L.C rights on the market... Sweet Laughing out loudly Laughing out loudly Laughing out loudly

Mark 12:29
Deuteronomy 4:16
Back to top
  |
KIRTI
#367 Posted : Wednesday, December 08, 2010 4:59:02 PM
Rank: Member

Joined: 8/17/2010
Posts: 116

It's not a rumour. Equity and Centum will be underwriting 30% and 10% respectively (if I'm not wrong).[/quote]
EB & Centum have severally undertaken to take up to 40% and 10% of the right respectively.If GOK will not sale their right before 15th Dec, then right will be lapse. GOK have sold their right with premium to EB, Centum & Co Op. bank.
Back to top
  |
Sufficiently Philanga....thropic
#368 Posted : Wednesday, December 08, 2010 6:02:58 PM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
awaiting those serious trades early next week, the direction the share will take once the rights stop trading on 15th, and the impact on the stock when the oversubscription is finally announced!
@SufficientlyP
Back to top
  |
TUPAC
#369 Posted : Wednesday, December 08, 2010 6:33:16 PM
Rank: Member

Joined: 12/8/2009
Posts: 274
Location: Ltktk
KIRTI wrote:

It's not a rumour. Equity and Centum will be underwriting 30% and 10% respectively (if I'm not wrong).

EB & Centum have severally undertaken to take up to 40% and 10% of the right respectively.If GOK will not sale their right before 15th Dec, then right will be lapse. GOK have sold their right with premium to EB, Centum & Co Op. bank.[/quote]
those guys saying gov. rights have been taken by equity, coop and centum how sure are you?is it just rumours or you can substanciate?
after all the gov. can choose whom to sell the rights to! but really do they have to take all the rights without leaving a good fraction to the mwananchi? sasa hii ni mbaya sana!!!
...things fall apart...the centre cannot hold..mere anarchy is loosed upon the world...w b yeats
Back to top
  |
innovator
#370 Posted : Wednesday, December 08, 2010 8:48:36 PM
Rank: Member

Joined: 7/24/2010
Posts: 239
Location: nairobi
If the market cannot push the price beyond sh3 without governments supply, why would somebody complain if they were offered to equity or anybody else.
seems the supply is enough for the market even without the government rights.
Back to top
WWW
  |
51 Pages«<3536373839>»
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Wazua Investor Theme
Powered by YAF | YAF © 2003-2009, Yet Another Forum.NET
Copyright © 2026 Wazua.co.ke. All Rights Reserved.