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watesh
#171 Posted : Tuesday, May 10, 2016 9:52:51 AM
Rank: Veteran

Joined: 8/10/2014
Posts: 992
Location: Kenya
nashx wrote:
The share price is taking a hit. Demand at 5.05...I might as well become a buyer rather than a seller at those prices

I hope it goes to below rights issue price Laughing out loudly Laughing out loudly Laughing out loudly
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nashx
#172 Posted : Tuesday, May 10, 2016 9:56:08 AM
Rank: Member

Joined: 2/28/2014
Posts: 188
Location: Nairobi
watesh wrote:
nashx wrote:
The share price is taking a hit. Demand at 5.05...I might as well become a buyer rather than a seller at those prices

I hope it goes to below rights issue price Laughing out loudly Laughing out loudly Laughing out loudly


Hope so too coz then I will buy more. How come I can't bid lower than 6.75 yet there are bids at lower prices. How are guys doing it?
Offering my personal finance knowledge for free
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mthaka
#173 Posted : Tuesday, May 10, 2016 11:03:21 AM
Rank: Member

Joined: 9/30/2013
Posts: 254
@Watesh hope is not a strategy,you better defend your rights or buy now and access the rights,
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watesh
#174 Posted : Tuesday, May 10, 2016 11:07:34 AM
Rank: Veteran

Joined: 8/10/2014
Posts: 992
Location: Kenya
mthaka wrote:
@Watesh hope is not a strategy,you better defend your rights or buy now and access the rights,

I prefer waiting after the rights issue when the new shares are in the market or buying below rights issue price now
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mthaka
#175 Posted : Tuesday, May 10, 2016 11:16:16 AM
Rank: Member

Joined: 9/30/2013
Posts: 254
@Watesh hope is not a strategy,you better defend your rights or buy now and access the rights,
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Ericsson
#176 Posted : Tuesday, May 10, 2016 11:38:15 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Link from their website

http://www.kengen.co.ke/...ports/Rights%20Issue.pdf
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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ruwesh
#177 Posted : Tuesday, May 10, 2016 12:52:16 PM
Rank: New-farer

Joined: 2/4/2015
Posts: 15
Location: nairobi
nashx wrote:
watesh wrote:
nashx wrote:
The share price is taking a hit. Demand at 5.05...I might as well become a buyer rather than a seller at those prices

I hope it goes to below rights issue price Laughing out loudly Laughing out loudly Laughing out loudly


Hope so too coz then I will buy more. How come I can't bid lower than 6.75 yet there are bids at lower prices. How are guys doing it?


those are guys who had put purchase bids earlier on when the prices were still low.
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Plimsoul
#178 Posted : Tuesday, May 10, 2016 1:58:56 PM
Rank: Member

Joined: 3/3/2016
Posts: 132
[quote=murchr]



http://kenyanwallstreet....illion-via-rights-issue[/quote]

Took so long to get here, but finally.

Wow. 28.8 bn is massive!!! There are only 12 companies in the NSE with a market cap at that level or more.

Good luck to them. That 30% will probably be massively undersubscribed. KQ2
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hisah
#179 Posted : Tuesday, May 10, 2016 2:18:14 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Ericsson wrote:
Halleluhya everything has come out just as I had predicted.
Offer price of 2:1 and price of sh.6.55

In these market conditions, this rights issue will definitely be undersubscribed.

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Ericsson
#180 Posted : Tuesday, May 10, 2016 2:32:36 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
@hisah;
It will be oversubcribed or meet the targets.
Don't forget there are big institutional shareholders like NSSF who will get a good entry point.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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