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kengen announcement :rights issue resolution
Sam_Kibs
#91 Posted : Tuesday, December 15, 2015 1:58:35 PM
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Joined: 7/1/2015
Posts: 67
Pesa Nane wrote:
Ericsson wrote:
Someone put the caption of the rights issue in the forum



AGM is tomorrow 16th? Where? at what time? anyone with the notice convening the meeting?
“It’s no good, it’s no good!” says the buyer—
then goes off and boasts about the purchase-Proverbs 20:14
Ericsson
#92 Posted : Tuesday, December 15, 2015 2:02:17 PM
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Location: NAIROBI
AGM is at Kasarani Sports Stadium from 10am
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Ericsson
#93 Posted : Tuesday, December 15, 2015 2:04:20 PM
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No Its at Safari Park Hotel at 11am
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Wealth=Income + Investments - Lifestyle
Ericsson
#94 Posted : Tuesday, December 15, 2015 2:06:00 PM
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Joined: 12/4/2009
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Location: NAIROBI
Attachment link

http://www.kengen.co.ke/...ED%20RESULTS_x3final.pdf
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Aguytrying
#95 Posted : Tuesday, December 15, 2015 2:36:29 PM
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Joined: 7/11/2010
Posts: 5,040
What will be the final issued shares after the rights issue? 2bn+7.8bn is that right?
The investor's chief problem - and even his worst enemy - is likely to be himself
Ericsson
#96 Posted : Tuesday, December 15, 2015 2:42:49 PM
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@Aguytrying
2.2bn + 4.4bn=6.6bn shares
From technical and financial analysis.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Boris Boyka
#97 Posted : Wednesday, December 16, 2015 9:52:08 PM
Rank: Veteran

Joined: 11/15/2013
Posts: 1,977
Location: Here
Ericsson wrote:
No Its at Safari Park Hotel at 11am

Today was the AGM. I arrived late so I shall mention what I got in questions session. The rest who were present on time can say much:
1. Date and price for rights will be communicated by directors soon.
2. The chairman said the tendapreneurs accusations were false as they were cleared. The complainant appealed, case ruling was to be today.
3. Came in Chami!!!
4. They couldn't pay higher dividend owing to prevailing policy and the company needs more cash to fund projects.
5. Some directors were questioned as to why they don't own shares in kengen. (Do they lack trust in company they work for?)
6. From the shareholding 88501 have btwn 1-500 shares that's 1%. 39827 have 501-1000 about 1.44%. 43647 have 2000-5000 that's 4.24%.
7. The speakers/questioners really praised the management. I even thought they were hired or lured with the full lunch box (water,juice,yoghurt, apple,chicken piece, toast,cake,chocolate).
Anybody who heard the initial part?
Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
Ericsson
#98 Posted : Wednesday, December 16, 2015 10:39:45 PM
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Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
Information memorandum to be out within the next three months.
Amount to be raised is ksh.28.75bn with private shareholders raising ksh.8.6bn
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
sparkly
#99 Posted : Saturday, January 23, 2016 2:39:19 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Ericsson wrote:
Information memorandum to be out within the next three months.
Amount to be raised is ksh.28.75bn with private shareholders raising ksh.8.6bn


The share is now at 5.50 from 15 when they started talking of rights.

Surely what is the problem with Kengen Directors. 3 years now and they still haven't been able to do a rights issue!
Life is short. Live passionately.
mlennyma
#100 Posted : Saturday, January 23, 2016 2:49:30 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Ericsson wrote:
Information memorandum to be out within the next three months.
Amount to be raised is ksh.28.75bn with private shareholders raising ksh.8.6bn

I have to look at it from very far because Mr market never fails to offer a better entry than the rights
"Don't let the fear of losing be greater than the excitement of winning."
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