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mlennyma
#331 Posted : Wednesday, May 04, 2016 12:52:34 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
kimanimsc wrote:
mlennyma wrote:
The rights effect starting to bite

Rights effect or Books Closure...?

yes its books but I expect a rights effect in coming days
"Don't let the fear of losing be greater than the excitement of winning."
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Ericsson
#332 Posted : Wednesday, May 04, 2016 1:49:13 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Rights issue won't have significant effect since the number of shares to be issued is won't be more than 10% of the currently issued shares.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Sir invest
#333 Posted : Wednesday, May 04, 2016 2:20:23 PM
Rank: Member

Joined: 8/19/2015
Posts: 125
Avoid!!! wait the share to stabilize after the right issue.
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Aguytrying
#334 Posted : Wednesday, May 04, 2016 2:32:39 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
Ericsson wrote:
Rights issue won't have significant effect since the number of shares to be issued is won't be more than 10% of the currently issued shares.


That's what I also realised. Any prediction for the rights price...

I expect between 200m to 300m new shares.
The investor's chief problem - and even his worst enemy - is likely to be himself
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instinct
#335 Posted : Wednesday, May 04, 2016 2:49:38 PM
Rank: Member

Joined: 8/17/2007
Posts: 294
Aguytrying wrote:
Ericsson wrote:
Rights issue won't have significant effect since the number of shares to be issued is won't be more than 10% of the currently issued shares.


That's what I also realised. Any prediction for the rights price...

I expect between 200m to 300m new shares.


The Nairobi bourse-listed bank is seeking shareholder approval to create an additional one billion new shares, part of which will be offered in a cash call slated for later this year.

http://www.businessdaily.../-/firiqiz/-/index.html


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hisah
#336 Posted : Wednesday, May 04, 2016 4:44:26 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
From TA perspective, the support cluster at 38 - 39 level had better hold. Otherwise the bears threat target projections are 35 then 30. Again I ask, why a rights issue in this defensive market. It sends an ugly signal.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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mlennyma
#337 Posted : Wednesday, May 04, 2016 7:57:39 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Ericsson wrote:
Rights issue won't have significant effect since the number of shares to be issued is won't be more than 10% of the currently issued shares.

who says 1billion shares is little?Although they won't sell all of the new shares once created i don't know who follows closely to know where every single created new share will go,rewarding staff,directors and board are also possible options for new shares
"Don't let the fear of losing be greater than the excitement of winning."
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Ericsson
#338 Posted : Wednesday, May 04, 2016 10:22:25 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
@mlenyama
The other shares created will be used for future bonuses and script dividends.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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VituVingiSana
#339 Posted : Thursday, May 05, 2016 12:08:48 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
hisah wrote:
From TA perspective, the support cluster at 38 - 39 level had better hold. Otherwise the bears threat target projections are 35 then 30. Again I ask, why a rights issue in this defensive market. It sends an ugly signal.
One of KCB's Capital Adequacy Ratio's excess was quite thin at FY 2015. The 10bn [& Scrip Dividend] is needed for the Chase acquisition + expansion.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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hisah
#340 Posted : Thursday, May 05, 2016 5:17:18 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
VituVingiSana wrote:
hisah wrote:
From TA perspective, the support cluster at 38 - 39 level had better hold. Otherwise the bears threat target projections are 35 then 30. Again I ask, why a rights issue in this defensive market. It sends an ugly signal.
One of KCB's Capital Adequacy Ratio's excess was quite thin at FY 2015. The 10bn [& Scrip Dividend] is needed for the Chase acquisition + expansion.

True. Even more urgent with the Chase deal on the table. But the market has been moving against banks months before. That's what I'm pointing out.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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