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Kplc restructure plan out
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MaichBlack
#491 Posted : Wednesday, December 22, 2010 12:29:41 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,845
There seems to be some perverse human characteristic that likes to make easy things difficult.

Warren Buffett
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
#492 Posted : Wednesday, December 22, 2010 12:33:12 PM
Rank: Veteran

Joined: 6/2/2010
Posts: 1,090
MaichBlack wrote:
There seems to be some perverse human characteristic that likes to make easy things difficult.

Warren Buffett


What you should be asking yourself is whether WB would take up his rights or go the acrobatics way. The answer is obvious to any WB fan smile
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MaichBlack
#493 Posted : Wednesday, December 22, 2010 12:45:17 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,845
My 2 cents wrote:
MaichBlack wrote:
There seems to be some perverse human characteristic that likes to make easy things difficult.

Warren Buffett


What you should be asking yourself is whether WB would take up his rights or go the acrobatics way. The answer is obvious to any WB fan smile

Can you explain this 'acrobatic way' you talk about!

Warren Buffett has two rules:

Rule no 1: Don't lose money.
Rule no 2: Don't forget rule no 1.

None of these rules would be broken here!

Warren Buffett is also on record as having said: "What doesn't work is when you start doing things that you don't understand or because they worked last week for somebody else".

Don't try to be a Warren Buffett clone! Learn from him [and others] but don't clone him!
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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  | | Edit by user: Wednesday, December 22, 2010 1:08 PM | Reason: Not specified
My 2 cents
#494 Posted : Wednesday, December 22, 2010 12:55:08 PM
Rank: Veteran

Joined: 6/2/2010
Posts: 1,090
MaichBlack wrote:
My 2 cents wrote:
MaichBlack wrote:
There seems to be some perverse human characteristic that likes to make easy things difficult.

Warren Buffett


What you should be asking yourself is whether WB would take up his rights or go the acrobatics way. The answer is obvious to any WB fan smile

Can you explain this 'acrobatic way' you talk about!

Warren Buffett has two rules:

Rule no 1: Don't loose money.
Rule no 2: Don't forget rule no 1.

None of these rules would be broken here!

Warren Buffett is also on record as having said: "What doesn't work is when you start doing things that you don't understand or because they worked last week for somebody else".

Don't try to be a Warren Buffett clone! Learn from him [and others] but don't clone him!


I see I have touched a nerve. By the way it is spelt lose. Not Loose. You and your grammar teacher need a thorough whipping!
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guru267
#495 Posted : Wednesday, December 22, 2010 1:00:05 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
@maichblack i remember saying that G.O.K not making its rights readily available on the market was the best thing they could've done for shareholders...

Now they are guaranteed additional rights...

I applied for a HUGE chunk which I know I'll get because shareholders get first priority.. Laughing out loudly
Mark 12:29
Deuteronomy 4:16
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TUPAC
#496 Posted : Wednesday, December 22, 2010 1:53:09 PM
Rank: Member

Joined: 12/8/2009
Posts: 274
Location: Ltktk
guru267 wrote:
@maichblack i remember saying that G.O.K not making its rights readily available on the market was the best thing they could've done for shareholders...

Now they are guaranteed additional rights...

I applied for a HUGE chunk which I know I'll get because shareholders get first priority.. Laughing out loudly

@guru what do you mean 'shareholders get first priority?' kwani none shareholders will have applied for extra rights? ama ni wale walinunua rights kwa exchange? and is that written anywhere in the info memorandum?
...things fall apart...the centre cannot hold..mere anarchy is loosed upon the world...w b yeats
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guru267
#497 Posted : Wednesday, December 22, 2010 1:58:48 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
@TUPAC before centum, equity and non shareholders the shareholders who bought or owned cum rights are given first priority when alotting extra rights...
Mark 12:29
Deuteronomy 4:16
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TUPAC
#498 Posted : Wednesday, December 22, 2010 2:06:42 PM
Rank: Member

Joined: 12/8/2009
Posts: 274
Location: Ltktk
guru267 wrote:
@TUPAC before centum, equity and non shareholders the shareholders who bought or owned cum rights are given first priority when alotting extra rights...

ok guru.thats an advantage to us coz like me i was ready to buy extra rights at nse but couldnt since they were too expe before they became cheap for a few hours of the last day.
but it looks like an oversubscription is imminent!
...things fall apart...the centre cannot hold..mere anarchy is loosed upon the world...w b yeats
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MaichBlack
#499 Posted : Wednesday, December 22, 2010 4:30:03 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,845
guru267 wrote:
@maichblack i remember saying that G.O.K not making its rights readily available on the market was the best thing they could've done for shareholders...

Now they are guaranteed additional rights...

I applied for a HUGE chunk which I know I'll get because shareholders get first priority.. Laughing out loudly

I also applied for my additional rights a few hours ago. Now lets wait and see how it goes. This is a share I'm ready to hold for a long long time, so I really don't care how the price behaves in the short term - unless I'm buying some more of course.

By the way, where in the memorandum does it say that the 'original' shareholders will have priority over the investor who bought the rights in the market. For Centum and Equity it's obvious they take what remains but I'd like a specific reference on the former. From the information I have, you are guaranteed 1000 extra rights with the rest allocated on a pro-rata basis. I haven't seen any distinction between the two categories.
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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  | | Edit by user: Wednesday, December 22, 2010 4:33 PM | Reason: Not specified
MaichBlack
#500 Posted : Wednesday, December 22, 2010 4:54:14 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,845
TUPAC wrote:

ok guru.thats an advantage to us coz like me i was ready to buy extra rights at nse but couldnt since they were too expe before they became cheap for a few hours of the last day.
but it looks like an oversubscription is imminent!

qw25041985 wrote:
Here's a sweet deal no one can refuse. If the kplc rights are OVERsubscribed i am buying all the wazua gurus free drinks at a venue of their choice.
Coz basically the capital markets are beign squeezd allot making kplc rights issue over-subscription miraculous.

@TUPAC - I share your sentiments. I see @qw buying a lot of drinks.

@qw - Time to be more specific.
1) What do you mean by 'drinks'? I hope it's not legal chang'aa
2) How many 'drinks' are you buying per 'wazua guru'?
3) Who qualifies to be called a 'wazua guru'.

I want you to address this issues a soon as possible coz I see you changing the story in a couple of weeks. You will be like "I meant all people called guru something e.g. guru267 and by drink I meant one [plastic] bottle of some keroche froth...
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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