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What is Unga worth? 2014-2015
Rank: Member Joined: 11/7/2013 Posts: 127 Location: Nairobi, Kenya
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VituVingiSana wrote:Cornelius Vanderbilt wrote:Interesting move on the charts in the runup to results.can we bank on it results will be good?look at the area circled black.pardon the poor picture quality  The Nyaga family (Victus) have 51% but could the 'companies' and 'nominees' accumulating shares be related/connected to the Nyaga family? The Nyaga family owned shares in Ennsvalley which was sold to Unga. The Nyagas are known to increase their stakes using Rights Issues [see NIC].Top 12 shareholders 68.46% (Jan 2014) 71.09% (Jun 2015) After they get over the 75% hurdle, they can launch a takeover or de-listing. The 75% can be achieved by buying shares from the market or a Rights Issue allocation that favors them. Thereafter, they can separate the real estate, manufacturing and 'brand' assets and find a Strategic Investor for each class of asset. The Ndegwas you mean?? I went into the (Ferry) industry knowing the same thing I knew with all other businesses I went into- Nothing. Then I built it from there. - Sheldon Adelson (Titans at the Table- Giants of Macau)
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Rank: Chief Joined: 1/3/2007 Posts: 18,351 Location: Nairobi
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Mart_Consult wrote:VituVingiSana wrote:Cornelius Vanderbilt wrote:Interesting move on the charts in the runup to results.can we bank on it results will be good?look at the area circled black.pardon the poor picture quality The Nyaga family (Victus) have 51% but could the 'companies' and 'nominees' accumulating shares be related/connected to the Nyaga family? The Nyaga family owned shares in Ennsvalley which was sold to Unga. The Nyagas are known to increase their stakes using Rights Issues [see NIC].Top 12 shareholders 68.46% (Jan 2014) 71.09% (Jun 2015) After they get over the 75% hurdle, they can launch a takeover or de-listing. The 75% can be achieved by buying shares from the market or a Rights Issue allocation that favors them. Thereafter, they can separate the real estate, manufacturing and 'brand' assets and find a Strategic Investor for each class of asset. The Ndegwas you mean??   Ndegwa not Nyaga. I had the Tatu saga in my head. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 6/14/2010 Posts: 521 Location: Nairobi
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When are they announcing FY numbers
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Rank: Elder Joined: 3/2/2009 Posts: 26,331 Location: Masada
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The optimist wrote:When are they announcing FY numbers Ask @Njung'e. Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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What is Unga worth? 2014-2015
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