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moneydust
#181 Posted : Tuesday, May 10, 2016 3:14:29 PM
Rank: Member

Joined: 1/31/2007
Posts: 304
hisah wrote:
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.



I dont think so,given that the government will be defending it's stake,the only shares really on offer are 1.2Billion so the amount to be raised is about 8Billion which isnt much given the attractiveness of the right price plus other fundamentals.
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mthaka
#182 Posted : Tuesday, May 10, 2016 3:19:08 PM
Rank: Member

Joined: 9/30/2013
Posts: 254
hisah wrote:
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.



@hisah,we only need 8.64 Billion,i know there are kenyans who can actually buy the entire stake,forget under subscription.
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VituVingiSana
#183 Posted : Tuesday, May 10, 2016 3:22:18 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
mthaka wrote:
hisah wrote:
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.



@hisah,we only need 8.64 Billion,i know there are kenyans who can actually buy the entire stake,forget under subscription.

Will they? Why?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Aguytrying
#184 Posted : Tuesday, May 10, 2016 3:41:30 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
VituVingiSana wrote:
mthaka wrote:
hisah wrote:
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.



@hisah,we only need 8.64 Billion,i know there are kenyans who can actually buy the entire stake,forget under subscription.

Will they? Why?


You guys make me laugh. What has kengen done since listing for shareholders to tripple their investment with them??

wait for it at the below 5 bob club (where the other gava firms reside) after rights issue. refer to kplc rights to know what will happen to share price later.

KCB will be over subscribed, KENGEN will be undersubscribed.
The investor's chief problem - and even his worst enemy - is likely to be himself
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Plimsoul
#185 Posted : Tuesday, May 10, 2016 4:06:29 PM
Rank: Member

Joined: 3/3/2016
Posts: 132
Aguytrying wrote:
VituVingiSana wrote:
mthaka wrote:
hisah wrote:
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.



@hisah,we only need 8.64 Billion,i know there are kenyans who can actually buy the entire stake,forget under subscription.

Will they? Why?


You guys make me laugh. What has kengen done since listing for shareholders to tripple their investment with them??

wait for it at the below 5 bob club (where the other gava firms reside) after rights issue. refer to kplc rights to know what will happen to share price later.

KCB will be over subscribed, KENGEN will be undersubscribed.


Does anyone else find the timing terrible? Not just because of the 10b set aside for KCB, but the short notice. I mean it's been known for years, but they announce today and it closes 10th June. I hope at least institutional investors had a heads up
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mlennyma
#186 Posted : Tuesday, May 10, 2016 4:44:35 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
hisah wrote:
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.


God help me not to touch this share, if there are any goodies to be missed I will never regret
"Don't let the fear of losing be greater than the excitement of winning."
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h2s
#187 Posted : Tuesday, May 10, 2016 5:27:26 PM
Rank: Member

Joined: 7/20/2012
Posts: 141
Why would one buy the rights at above the prevailing market price of the share? Two more trading days and the price will be lower than 6.55.
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obiero
#188 Posted : Tuesday, May 10, 2016 5:36:25 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,213
Location: nairobi
Aguytrying wrote:
VituVingiSana wrote:
mthaka wrote:
hisah wrote:
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.



@hisah,we only need 8.64 Billion,i know there are kenyans who can actually buy the entire stake,forget under subscription.

Will they? Why?


You guys make me laugh. What has kengen done since listing for shareholders to tripple their investment with them??

wait for it at the below 5 bob club (where the other gava firms reside) after rights issue. refer to kplc rights to know what will happen to share price later.

KCB will be over subscribed, KENGEN will be undersubscribed.

Elections. I keep quiet. Like kabetes

KQ ABP 4.26
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moneydust
#189 Posted : Tuesday, May 10, 2016 5:42:30 PM
Rank: Member

Joined: 1/31/2007
Posts: 304
h2s wrote:
Why would one buy the rights at above the prevailing market price of the share? Two more trading days and the price will be lower than 6.55.


What would be the rationale for the share to trade below the rights price?
Too much pessimism around..
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Aguytrying
#190 Posted : Tuesday, May 10, 2016 6:37:06 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
moneydust wrote:
h2s wrote:
Why would one buy the rights at above the prevailing market price of the share? Two more trading days and the price will be lower than 6.55.


What would be the rationale for the share to trade below the rights price?
Too much pessimism around..


We've seen this too Many times. Today the price dropped 10%. One thing about money is that it's clever and it thinks about making more money.

Trust me any company doing a killer rights issue does not have its shareholders best interests at heart. Otherwise they wouldn't dilute shareholders like that. This is more of an IPO than a rights issue. Do the math
The investor's chief problem - and even his worst enemy - is likely to be himself
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