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Kplc restructure plan out
qw25041985
#461 Posted : Thursday, December 16, 2010 12:50:00 PM
Rank: User

Joined: 5/9/2010
Posts: 1,418
Location: Nai
OFcourse kplc rights wount attain over-subscription.there's too much demand for funds in trhe market right now as the nse is proving to be the best place to raise cheap funds.Sadly the offer comes at a time when the market is crowded with both public and private placements all seeking to raise additional capital.

Clothing store Deacons this week said it will be entering the market to raise 800 million shilling through a public offer, Central Bank of Kenya plans to raise 5 billion shillings through a government paper while two banks and an insurance company are also seeking capital injection from the market.
Your future depends on your dreams so go to sleep !
bartum
#462 Posted : Thursday, December 16, 2010 4:10:45 PM
Rank: Veteran

Joined: 8/11/2010
Posts: 1,011
Location: nairobi
@QW i tthink you may be wrong the market is awash with cash, the ecomomy is growing at 5% +
jerry
#463 Posted : Thursday, December 16, 2010 4:42:32 PM
Rank: Elder

Joined: 9/29/2006
Posts: 2,570
@the Deal, QW. What is ur logic if any? The plan yesterday was meant to ensure some crooks get the rts as near as possible to KES19.50 since there will be oversubscription and extra allocation is uncertain. CMA/STELLA has been compromised! Who decides on issues like extension of trading hrs for 'thieves' to have a field day?
The opposite of courage is not cowardice, it's conformity.
VituVingiSana
#464 Posted : Thursday, December 16, 2010 11:17:44 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,351
Location: Nairobi
LOL... so @YBC buddy @qw is back in action? Or they are same people?

Equity & Centum have under-written 50% so unless less than 50% of the Rights are exercised...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Sober
#465 Posted : Monday, December 20, 2010 2:15:38 PM
Rank: Elder

Joined: 11/27/2007
Posts: 3,604
and guys are waiting for the Wednesday deadline before dropping in their orders. kenyans!
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
qw25041985
#466 Posted : Monday, December 20, 2010 2:24:51 PM
Rank: User

Joined: 5/9/2010
Posts: 1,418
Location: Nai
@ VituVingiSana . use you head for crying out loud. @YBC is my junior as far as investment wisdom is concerned.i am NOT @YBC . by the way there's a nice thread on the forum where we are sharing our best and worst investment moves of 2010. How about you make as laugh w/ ur worst move : Olympia and Eveready.LOL! It'd really go well to start the week off . hahaha.
Your future depends on your dreams so go to sleep !
MaichBlack
#467 Posted : Monday, December 20, 2010 2:58:50 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,845
Sober wrote:
and guys are waiting for the Wednesday deadline before dropping in their orders. kenyans!

Best decision I ever made!!! I knew the sellers would get desperate as the deadline approached. Simple logic: As a buyer, I don't have to buy. I can always buy the shares later. As a seller YOU HAVE TO SELL by 15th or else you loose your chance for good! If you don't have cash to exercise the rights yourself, that's money down the drain.

To cut a long story short, I called my broker that day planning to make an order at 1.3/= but she recommended 1/=. I did her an email placing the order at 1/= only to realize later she actually got me the rights at 0.50/=!!!
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
selah
#468 Posted : Monday, December 20, 2010 3:13:26 PM
Rank: Elder

Joined: 10/13/2009
Posts: 1,950
Location: in kenya
MaichBlack wrote:
I did her an email placing the order at 1/= only to realize later she actually got me the rights at 0.50/=!!!


Who is your broker?Mine would never do something like that.They stick to your order.
'......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
Aguytrying
#469 Posted : Monday, December 20, 2010 5:21:51 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
MaichBlack wrote:
[quote=Sober]and guys are waiting for the Wednesday deadline before dropping in their orders. kenyans!

Best decision I ever made!!! I knew the sellers would get desperate as the deadline approached. Simple logic: As a buyer, I don't have to buy. I can always buy the shares later. As a seller YOU HAVE TO SELL by 15th or else you loose your chance for good! If you don't have cash to exercise the rights yourself, that's money down the drain.

weird! My story is so similar. And my broker is also a lady. 4 told her to bid 1.50 in the morning after studying for an hour. She delayed placing the order and at around 2pm. She got them for 0.50. So lucky was i.
The investor's chief problem - and even his worst enemy - is likely to be himself
2012
#470 Posted : Tuesday, December 21, 2010 10:35:09 AM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
Has anyone received kplc dividend and was it through EFT or post? I still haven't received. Who's their registrar? (and please let it not be Image)

BBI will solve it
:)
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