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Kplc restructure plan out
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guru267
#471 Posted : Tuesday, December 21, 2010 10:40:44 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
2012 wrote:
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)


My guys in kampala haven't yet received mine..

But i usually give two weeks allowance before complainin to cater for African inefficiencies...
Mark 12:29
Deuteronomy 4:16
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Aguytrying
#472 Posted : Tuesday, December 21, 2010 1:04:54 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
I have been pondering why there is so much supply for kplc since the rights issue, and why it has the most deals traded day in day out. Then it hit me. If im a shareholder, and i apply for extra shares at 19.50 which, im certain to get. What would stop me selling at 22.00. Cash in and pay for the extra shares, to restore or increase my holding, and still make some dough. And most of the deals made are very small quantities. If my theory is true, this should cease to be from 22nd dec onwards.
The investor's chief problem - and even his worst enemy - is likely to be himself
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My 2 cents
#473 Posted : Tuesday, December 21, 2010 1:38:56 PM
Rank: Veteran

Joined: 6/2/2010
Posts: 1,090
Aguytrying wrote:
If im a shareholder, and i apply for extra shares at 19.50 which, im certain to get.


Why would you be certain of this? We still do not know if there is going to be an undersubscription. So you may sell out now at 22 hoping to get additional rights at 19.5 and then fail to get the number of shares you sold.....
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MaichBlack
#474 Posted : Tuesday, December 21, 2010 2:00:03 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,845
Aguytrying wrote:
If im a shareholder, and i apply for extra shares at 19.50 which, im certain to get. What would stop me selling at 22.00. Cash in and pay for the extra shares, to restore or increase my holding, and still make some dough

Better than selling your rights at 0.50/= or letting them lapse! You get to keep 2.06/= after commissions. If you pull this off with say 50,000 shares then you pocket 100,000/= plus for "using your brain" as one Bro Paul a.k.a. Kamlesh Pattni told judge Samuel Bosire during the Goldenberg Inquiry.

But you must have some cash to pay for the rights - to be 'refunded' when you get the cash from the sale of your shares. It would have been more convenient though to just sell the rights at anything above 2/=!
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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MaichBlack
#475 Posted : Tuesday, December 21, 2010 2:04:46 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,845
My 2 cents wrote:
Aguytrying wrote:
If im a shareholder, and i apply for extra shares at 19.50 which, im certain to get.


Why would you be certain of this? We still do not know if there is going to be an undersubscription. So you may sell out now at 22 hoping to get additional rights at 19.5 and then fail to get the number of shares you sold.....

Everyone is guaranteed to get 20/51 * shares held [at 3.00pm on 25th November 2010] + 1000. If you sell these number of shares, you are sure you will "get them back".
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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My 2 cents
#476 Posted : Tuesday, December 21, 2010 2:07:59 PM
Rank: Veteran

Joined: 6/2/2010
Posts: 1,090
Was he not talking about the additional/extra rights. Read his statement again. We are not guaranteed the additional rights.
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My 2 cents
#477 Posted : Tuesday, December 21, 2010 2:10:28 PM
Rank: Veteran

Joined: 6/2/2010
Posts: 1,090
If you are talking about the guaranteed 1000, it sure seems to be a lot of trouble to go in to earn 2500/= less fees
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Aguytrying
#478 Posted : Tuesday, December 21, 2010 10:47:23 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
My 2 cents wrote:
Aguytrying wrote:
If im a shareholder, and i apply for extra shares at 19.50 which, im certain to get.


Why would you be certain of this? We still do not know if there is going to be an undersubscription. So you may sell out now at 22 hoping to get additional rights at 19.5 and then fail to get the number of shares you sold.....

i base my certainty on the fact that gov sold only 180m of its shares, this increases the chances of getting additional shares apart from the ones guaranteed by virtue of buying pre-book closure. Lets use the word likely instead of certain.
The investor's chief problem - and even his worst enemy - is likely to be himself
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MaichBlack
#479 Posted : Wednesday, December 22, 2010 9:27:42 AM
Rank: Elder

Joined: 7/22/2009
Posts: 7,845
I am made to understand that even people who bought the rights in the market can apply for additional rights! This is getting romantic! Picture this:

You could have simply bought 100 rights at a premium then apply for as many rights as you can [at 19.50/= like the other shareholders]! You will be guaranteed of the first 1000 rights and the rest will be allocated on a pro-rata basis.

For those of you who want to pull this move [applying for additional shares], you can still do it today. Talk to your broker.
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Sufficiently Philanga....thropic
#480 Posted : Wednesday, December 22, 2010 9:46:11 AM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
Infact Form - E which is supposed to be filled by the guys who bought the rights from the market (equivalent to PAL 1 for those who had the stock before Nov 25th) has a provision for applying for additional new shares, jus like happens with the PAL 1.
I'm picturing a guy who had like, say, 10,001 rights then sold 10K rights in the market at, say, 3 bob, then uses the 1 share remaining to apply for additional shares!
@SufficientlyP
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