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UAP Group set to enter OTC shares market
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Ericsson
#71 Posted : Friday, January 09, 2015 11:36:23 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
Old Mutual may be planning to do a reverse merger of its insurance business (Old Mutual Life) with UAP then acquire additional shares in UAP.
That one I don't rule out.The stake they will own in UAP will be significant for such a move
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Forester
#72 Posted : Friday, January 09, 2015 12:51:25 PM
Rank: Member

Joined: 12/7/2010
Posts: 520
Location: Epicentre - Ngamia 1
From reliable sources, 2014 was a TOUGH year for UAP. Could be reason why Centum cashed out, maybe future outlook doesn't look all rosy.
Build your own dreams, or someone else will hire you to build theirs - Farrah Gray.
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mv_ufanisi
#73 Posted : Saturday, January 10, 2015 11:32:36 PM
Rank: Member

Joined: 1/15/2010
Posts: 625
UAP is valued at about 170/- per share based on the transaction reported by Centum. 1.1 Billion Rand paid in Cash by Old Mutual for 23.3% with 211 million shares.
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jerry
#74 Posted : Sunday, January 11, 2015 10:19:57 AM
Rank: Elder

Joined: 9/29/2006
Posts: 2,570
mv_ufanisi wrote:
UAP is valued at about 170/- per share based on the transaction reported by Centum. 1.1 Billion Rand paid in Cash by Old Mutual for 23.3% with 211 million shares.

1 SA Rand is worth KSh 7.8704. 1.1 Billion Rand is 1.1*1000*7.8704 million KES divided by 211 million gives 41.03 shillings per share. What I'm I missing?
The opposite of courage is not cowardice, it's conformity.
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Mainat
#75 Posted : Sunday, January 11, 2015 11:03:44 AM
Rank: Veteran

Joined: 11/21/2006
Posts: 1,590
A Maths class?

jerry wrote:
mv_ufanisi wrote:
UAP is valued at about 170/- per share based on the transaction reported by Centum. 1.1 Billion Rand paid in Cash by Old Mutual for 23.3% with 211 million shares.

1 SA Rand is worth KSh 7.8704. 1.1 Billion Rand is 1.1*1000*7.8704 million KES divided by 211 million gives 41.03 shillings per share. What I'm I missing?

Sehemu ndio nyumba
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uchumi
#76 Posted : Sunday, January 11, 2015 11:16:46 AM
Rank: Member

Joined: 9/16/2006
Posts: 234
211 million shares is the total shared issued.old mutual only bought about 23% of the 211m:
“I don’t regret the things I’ve done, I regret the things I didn’t do when I had the chance.”
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jerry
#77 Posted : Sunday, January 11, 2015 11:42:27 AM
Rank: Elder

Joined: 9/29/2006
Posts: 2,570
uchumi wrote:
211 million shares is the total shared issued.old mutual only bought about 23% of the 211m:

Thanks. So the statement "1.1 billion paid in cash by Old Mutual for 23.3% with 211 million shares." becomes "1.1 billion paid in Cash by Old Mutual for 23.3% of 211million shares."
The opposite of courage is not cowardice, it's conformity.
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  | | Edit by user: Sunday, January 11, 2015 11:50 AM | Reason: Not specified
jerry
#78 Posted : Sunday, January 11, 2015 11:55:46 AM
Rank: Elder

Joined: 9/29/2006
Posts: 2,570
Mainat wrote:
A Maths class?

jerry wrote:
mv_ufanisi wrote:
UAP is valued at about 170/- per share based on the transaction reported by Centum. 1.1 Billion Rand paid in Cash by Old Mutual for 23.3% with 211 million shares.

1 SA Rand is worth KSh 7.8704. 1.1 Billion Rand is 1.1*1000*7.8704 million KES divided by 211 million gives 41.03 shillings per share. What I'm I missing?


I'm now getting 176/= after the above ammendment of "23.3% of 211 million shares." valued at 1.1 billion Rand. This is surely about 170/=.
The opposite of courage is not cowardice, it's conformity.
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  | | Edit by user: Sunday, January 11, 2015 12:00 PM | Reason: Not specified
uchumi
#79 Posted : Sunday, January 11, 2015 12:34:51 PM
Rank: Member

Joined: 9/16/2006
Posts: 234
that is reasonable
“I don’t regret the things I’ve done, I regret the things I didn’t do when I had the chance.”
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jerry
#80 Posted : Sunday, January 11, 2015 12:40:43 PM
Rank: Elder

Joined: 9/29/2006
Posts: 2,570
This is also worth noting:
"The transaction is priced at an
undisclosed premium on UAP’s
current price of Sh140 per share
on the over-the-counter (OTC)
market.
With its 211 million issued shares,
UAP is valued at about Sh29.5
billion going by the OTC price."
source:
http://www.businessdaily...2/-/xr2tpmz/-/index.html
The opposite of courage is not cowardice, it's conformity.
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  | | Edit by user: Sunday, January 11, 2015 12:46 PM | Reason: Not specified
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