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KPLC rights interim report -massive under subscription
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2012
#21 Posted : Friday, December 24, 2010 9:01:32 AM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
Sober wrote:
What basis did D&B use to conclude that there was an undersubscription?


I think they were just being modest. 90% uptake is very good but an oversupscription which is widely expected will put them over the top. KPLC is one of those counter you can say without doubt is a sure thing. 10B in this country has almost become peanuts so I can assure you that the trades that took place between 15th and 22nd must have been huge with the likes of Transcentury (may their founder rest in peace) taking up additional rights. I expect an oversubscrition even before the underwriters come in.

BBI will solve it :)
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  | | Edit by user: Friday, December 24, 2010 9:14 AM | Reason: Not specified
Sober
#22 Posted : Friday, December 24, 2010 9:38:17 AM
Rank: Elder

Joined: 11/27/2007
Posts: 3,604
@2012 i thought the underwriters only come in with an undersubscription (10%) as it stands. those misusing a post under 'investor' should cease. wanajijua
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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guru267
#23 Posted : Friday, December 24, 2010 9:46:32 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Sober wrote:
@2012 i thought the underwriters only come in with an undersubscription (10%) as it stands. those misusing a post under 'investor' should cease. wanajijua

@sober to me an oversubscription means that KPLC will receive more than the 9.5 billion they asked for whether its from shareholders or underwriters

Will they be able to achieve this... I think YES
Mark 12:29
Deuteronomy 4:16
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jerry
#24 Posted : Friday, December 24, 2010 11:05:58 AM
Rank: Elder

Joined: 9/29/2006
Posts: 2,570
Sober wrote:
@2012 i thought the underwriters only come in with an undersubscription (10%) as it stands. those misusing a post under 'investor' should cease. wanajijua

Whoever imagines there can be an under-subscription is failing to see some facts. About 170,000,000 of 488,630,245 rights were traded leaving 318,630,246 or 319M. 'We' applied for our rights and extra allocation and EB &Centum will take 244,315,122. So it is as if someone is saying the shareholders cannot take up 74M shares(their own and extra allotment) worth only KES 1.5Bn. Is it now more manifest?
The opposite of courage is not cowardice, it's conformity.
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  | | Edit by user: Friday, December 24, 2010 12:05 PM | Reason: Grammer
Sober
#25 Posted : Friday, December 24, 2010 12:09:25 PM
Rank: Elder

Joined: 11/27/2007
Posts: 3,604
Those talking of an under are not shareholders here. that is what i an observing because they are talking basing on what they hear. an scared i may not get my full allocation.
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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jerry
#26 Posted : Friday, December 24, 2010 3:10:56 PM
Rank: Elder

Joined: 9/29/2006
Posts: 2,570
Sober wrote:
Those talking of an under are not shareholders here. that is what i an observing because they are talking basing on what they hear. an scared i may not get my full allocation.

One thing I'm yet to come into terms with is the underwriting issue. It led to gov not presenting the rts for trading in nse or so I believe. The question now is; how is this underwrighting going to affect allocation of xtra rts?
The opposite of courage is not cowardice, it's conformity.
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the deal
#27 Posted : Friday, December 24, 2010 3:18:26 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
An under subscription is written all over this...i remember few weeks ago some people here said it will be impossible to get the rights of the market..well we bought them...2012 and the rest what will trigger KPLC to rally in the short term, me i say NOTHING...the interim results will be blah blah blah...the way i view it...following the restructuring KPLC has become a long term BUY...there will be no more merger dividends...look at 2013 not 2011...
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gesowan
#28 Posted : Saturday, December 25, 2010 1:47:51 AM
Rank: Member

Joined: 11/6/2010
Posts: 289
i think D&B read the reactions to read 90%.this is not massive
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BGL
#29 Posted : Sunday, December 26, 2010 12:25:31 PM
Rank: Veteran

Joined: 10/11/2009
Posts: 1,223
gesowan wrote:
i think D&B read the reactions to read 90%.this is not massive


Kwanza! KPLC Should pay the dividend of 5bob which was due on 15th of this month. I have not seen a cheque or EFT yet. Has anybody received his/her KPLC dividend yet?
On another note an undersubscription being alleged here (i wonder what is the purpose of underwritters or its ignorance by KPLC haters) is only music to my ears since i will get allocation for all the additional rights i applied for.
History will not remember you for your IQ. It will remember you for what you did. “Genius is 1 percent inspiration, 99 percent perspiration.” Thomas Edison
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  | | Edit by user: Sunday, December 26, 2010 9:07 PM | Reason: Not specified
qw25041985
#30 Posted : Sunday, December 26, 2010 5:30:36 PM
Rank: User

Joined: 5/9/2010
Posts: 1,418
Location: Nai
ALL WE ARE saying is that this rights issue will be UNDERSUBSCRIBED .the issue of using the undersubscription to your advantage is all up to you .
But UNDER-SUBSCRIBED this rights issue will be .Fullstop !
Your future depends on your dreams so go to sleep !
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