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kengen announcement :rights issue resolution
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kyt
#61 Posted : Friday, December 11, 2015 10:51:33 AM
Rank: Elder

Joined: 11/7/2007
Posts: 2,182
Whether wanjiku was screwed or not is neither here nor there. No one was forced to buy kengen. So shauri yao
LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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kawi254
#62 Posted : Friday, December 11, 2015 11:50:06 AM
Rank: Member

Joined: 2/20/2015
Posts: 468
Location: Nairobi
kyt wrote:
Whether wanjiku was screwed or not is neither here nor there. No one was forced to buy kengen. So shauri yao



Wazua has so many sadists who take joy in other people's missfortunes in NSE...from Obiero's KQ, guru's Home Afrika to wanjiku's Kengen. Everyone loses and profits in this NSE or in any other business that has risk. Mourn with those who mourn, rejoice with those who are rejoicing.
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iris
#63 Posted : Friday, December 11, 2015 12:51:21 PM
Rank: Member

Joined: 9/11/2014
Posts: 228
Location: Nairobi
kawi254 wrote:
kyt wrote:
Whether wanjiku was screwed or not is neither here nor there. No one was forced to buy kengen. So shauri yao



Wazua has so many sadists who take joy in other people's missfortunes in NSE...from Obiero's KQ, guru's Home Afrika to wanjiku's Kengen. Everyone loses and profits in this NSE or in any other business that has risk. Mourn with those who mourn, rejoice with those who are rejoicing.


@kawi254, I read you. It is amazing isn't it? But it is a good thing in its way that @kyt speaks up because he becomes useful in a way Trump is by saying what really is, so Wanjiku can at least be aware that she should not take Wazua advice unfiltered.
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muandiwambeu
#64 Posted : Friday, December 11, 2015 1:27:31 PM
Rank: Veteran

Joined: 8/28/2015
Posts: 1,247
iris wrote:
kawi254 wrote:
kyt wrote:
Whether wanjiku was screwed or not is neither here nor there. No one was forced to buy kengen. So shauri yao



Wazua has so many sadists who take joy in other people's missfortunes in NSE...from Obiero's KQ, guru's Home Afrika to wanjiku's Kengen. Everyone loses and profits in this NSE or in any other business that has risk. Mourn with those who mourn, rejoice with those who are rejoicing.


@kawi254, I read you. It is amazing isn't it? But it is a good thing in its way that @kyt speaks up because he becomes useful in a way Trump is by saying what really is, so Wanjiku can at least be aware that she should not take Wazua advice unfiltered.

Being honest with the reality someone lost chums here does not necessarily make someone (me) happy or reduce itsmile buying at forty was not wrong coz someone could not have locked his paper profits. Imagine even 2/= is in cross-hairs is so sweet, so is the play. Take a cold tusker and a chill pillLaughing out loudly
,Behold, a sower went forth to sow;....
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iris
#65 Posted : Friday, December 11, 2015 2:14:26 PM
Rank: Member

Joined: 9/11/2014
Posts: 228
Location: Nairobi
muandiwambeu wrote:
iris wrote:
kawi254 wrote:
kyt wrote:
Whether wanjiku was screwed or not is neither here nor there. No one was forced to buy kengen. So shauri yao



Wazua has so many sadists who take joy in other people's missfortunes in NSE...from Obiero's KQ, guru's Home Afrika to wanjiku's Kengen. Everyone loses and profits in this NSE or in any other business that has risk. Mourn with those who mourn, rejoice with those who are rejoicing.


@kawi254, I read you. It is amazing isn't it? But it is a good thing in its way that @kyt speaks up because he becomes useful in a way Trump is by saying what really is, so Wanjiku can at least be aware that she should not take Wazua advice unfiltered.

Being honest with the reality someone lost chums here does not necessarily make someone (me) happy or reduce itsmile buying at forty was not wrong coz someone could not have locked his paper profits. Imagine even 2/= is in cross-hairs is so sweet, so is the play. Take a cold tusker and a chill pillLaughing out loudly


Is the chill pill for me? If so, I don't think I need it. I was not talking about the "truth" that you (or wanjiku) lost money, but rather the truth that no one is really looking out for you including Wazuans and CMA. So you should feel "happy" that you will not be led along like a lamb for the second round.
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guru267
#66 Posted : Friday, December 11, 2015 2:45:39 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Ericsson wrote:
Technical analysis of the amount of money to be raised suggests the following;
The rights issue will be a 2:1 bringing total number of shares to be issued at 4.4bn
GOK will be allocated 70% or 3.08bn shares for the debt to equity conversion.
Private shareholders owning 30% will be left to scramble for the remaining 1.32bn shares.
The rights issue price will be about ksh.6.5
Private shareholders will be required to raise ksh.8.58bn
The conversion of GOK debt is as follows (3.08bn *6.5=20.02bn which equals the amount KENGEN debt converts to equity


I thought the Kengen board already approved the issuance of 7.8Bn shares to raise KES 28Bn meaning the rights price should be below 4bob..
Mark 12:29
Deuteronomy 4:16
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Ericsson
#67 Posted : Friday, December 11, 2015 3:21:25 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
@guru267
Did u read the following statement
"but the maximum aggregate nominal amount of ordinary shares which may be allotted in
accordance with this authority shall be, seven billion eight hundred and one million six hundred and thirty
eight thousand five hundred and forty four (7,801,638,544) ordinary shares of Shs 2.50 each ranking
pari passu in all respects being the total number of existing unissued ordinary shares in the capital of the
Company."
7.8bn is the maximum which means they will only use part of them for the rights issue.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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kyt
#68 Posted : Friday, December 11, 2015 3:36:37 PM
Rank: Elder

Joined: 11/7/2007
Posts: 2,182
2006 everyone was lining to buy kengen; i can't be sorry to wanjiku for losing money, everybody loses money. Warren buffet was down 2bn dollars at some point (in paper loss) who felt sorry for him. It's the market, you win some you loose some. Why should anyone be sorry for investors of the stock exchange, they have money they can afford to lose anyway!
LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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murchr
#69 Posted : Friday, December 11, 2015 3:40:10 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
kyt wrote:
2006 everyone was lining to buy kengen; i can't be sorry to wanjiku for losing money, everybody loses money. Warren buffet was down 2bn dollars at some point (in paper loss) who felt sorry for him. It's the market, you win some you loose some. Why should anyone be sorry for investors of the stock exchange, they have money they can afford to lose anyway!


Those who bought at IPO price and sold at anything higher than that never lost money the high was 40+. Those who bought at 7 in 2011 and sold at 17 in 2013 made money. Dont generalize if you are still holding. Passengers here keep boarding and disembarking all the time.
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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Ericsson
#70 Posted : Friday, December 11, 2015 4:03:55 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
I bought at 7.8 and I see today it has closed at 7.95
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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WWW
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