Wazua
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Unga limited takeover
Rank: Elder Joined: 12/7/2012 Posts: 11,935
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Wanjiku has no say at all at NSE!!! In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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Angelica _ann wrote:Wanjiku has no say at all at NSE!!! Wanjiku should know lanes. You can't have invested 100K in unga na unataka kupigia watu kelele....Tumia hio pesa kufungua kibanda cha nyanya If Obiero did it, Who Am I?
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Rank: Elder Joined: 12/7/2012 Posts: 11,935
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Swenani wrote:Angelica _ann wrote:Wanjiku has no say at all at NSE!!! Wanjiku should know lanes. You can't have invested 100K in unga na unataka kupigia watu kelele....Tumia hio pesa kufungua kibanda cha nyanya you are targeting VVS  In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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Angelica _ann wrote:Swenani wrote:Angelica _ann wrote:Wanjiku has no say at all at NSE!!! Wanjiku should know lanes. You can't have invested 100K in unga na unataka kupigia watu kelele....Tumia hio pesa kufungua kibanda cha nyanya you are targeting VVS wewe ndio umesema , sio mimi unles you meant wanjiku=VVS  If Obiero did it, Who Am I?
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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VituVingiSana wrote:
Luck has little to do with it. I must have a loooong post somewhere on why I own/held Unga.
I admit I am a bit concerned/upset about Corporate Governance [well, not Unga directly but Victus trying to pull one over minority shareholders in concert with Seaboard]...
The NAV on the books is KES 50. Add the EPS for 1H 2017-18 [waiting for results by 31st March] and EPS for 2H and that can add 5/-. Plus the last revaluation of "Operating Lease Rentals" was done in 2013 at 878,500,000/-. Most of his is not included in the NAV.
Fair Value should be KES 60-80 after adding in other assets that could be revalued.
Quote:Unga rules out raising Sh40 buyout offerDelaware-based conglomerate Seaboard Corporation has ruled out raising its buyout offer price of Sh40 per share to Unga Group’s investors. Shareholders who attended meetings called by Seaboard’s representatives in the past few days told the Business Daily that the multinational will not change its offer. “The Sh40 per share is the only offer. They only wanted to explain how they arrived at that offer,” one of the shareholders said. Some speculative investors traded the stock above Sh40 on the Nairobi Securities Exchange (NSE) following announcement of the takeover bid. Seaboard clarified to the select shareholders who were invited to the meeting that an option to revise its offer within the June 6 window is only available if it chooses to respond to a competing bid should one materialise. ...CONTINUES... Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 12/7/2012 Posts: 11,935
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Pesa Nane wrote:VituVingiSana wrote:
Luck has little to do with it. I must have a loooong post somewhere on why I own/held Unga.
I admit I am a bit concerned/upset about Corporate Governance [well, not Unga directly but Victus trying to pull one over minority shareholders in concert with Seaboard]...
The NAV on the books is KES 50. Add the EPS for 1H 2017-18 [waiting for results by 31st March] and EPS for 2H and that can add 5/-. Plus the last revaluation of "Operating Lease Rentals" was done in 2013 at 878,500,000/-. Most of his is not included in the NAV.
Fair Value should be KES 60-80 after adding in other assets that could be revalued.
Quote:Unga rules out raising Sh40 buyout offerDelaware-based conglomerate Seaboard Corporation has ruled out raising its buyout offer price of Sh40 per share to Unga Group’s investors. Shareholders who attended meetings called by Seaboard’s representatives in the past few days told the Business Daily that the multinational will not change its offer. “The Sh40 per share is the only offer. They only wanted to explain how they arrived at that offer,” one of the shareholders said. Some speculative investors traded the stock above Sh40 on the Nairobi Securities Exchange (NSE) following announcement of the takeover bid. Seaboard clarified to the select shareholders who were invited to the meeting that an option to revise its offer within the June 6 window is only available if it chooses to respond to a competing bid should one materialise. ...CONTINUES... So those who have been buying above 40 bob are burning their fingers knowingly!!! In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Chief Joined: 1/3/2007 Posts: 18,342 Location: Nairobi
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Angelica _ann wrote:Pesa Nane wrote:VituVingiSana wrote:
Luck has little to do with it. I must have a loooong post somewhere on why I own/held Unga.
I admit I am a bit concerned/upset about Corporate Governance [well, not Unga directly but Victus trying to pull one over minority shareholders in concert with Seaboard]...
The NAV on the books is KES 50. Add the EPS for 1H 2017-18 [waiting for results by 31st March] and EPS for 2H and that can add 5/-. Plus the last revaluation of "Operating Lease Rentals" was done in 2013 at 878,500,000/-. Most of his is not included in the NAV.
Fair Value should be KES 60-80 after adding in other assets that could be revalued.
Quote:Unga rules out raising Sh40 buyout offerDelaware-based conglomerate Seaboard Corporation has ruled out raising its buyout offer price of Sh40 per share to Unga Group’s investors. Shareholders who attended meetings called by Seaboard’s representatives in the past few days told the Business Daily that the multinational will not change its offer. “The Sh40 per share is the only offer. They only wanted to explain how they arrived at that offer,” one of the shareholders said. Some speculative investors traded the stock above Sh40 on the Nairobi Securities Exchange (NSE) following announcement of the takeover bid. Seaboard clarified to the select shareholders who were invited to the meeting that an option to revise its offer within the June 6 window is only available if it chooses to respond to a competing bid should one materialise. ...CONTINUES... So those who have been buying above 40 bob are burning their fingers knowingly!!! The "adjusted" NAV is 67 (excludes 2H PAT) - Unga/Faida Circular - and within my range but since Seaboard chose to do the takeover in concert with Victus, and a competing offer is unlikely unless Victus offers its shares (51%) for sale. I am disappointed that Unga's Board chose to support the 40/- offer but given the composition of the board I am not surprised. Isabella Ocholla-Wilson is also on NIC's board. What's the common thread? Nick Hutchinson was originally seconded to Unga by Seaboard. Vitalis Ojode was the former FD of Unga The only other "independent" directors would be Patrick Obath and Shilpa Haria. Tumechezwa.  Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 14,211 Location: nairobi
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VituVingiSana wrote:Angelica _ann wrote:Pesa Nane wrote:VituVingiSana wrote:
Luck has little to do with it. I must have a loooong post somewhere on why I own/held Unga.
I admit I am a bit concerned/upset about Corporate Governance [well, not Unga directly but Victus trying to pull one over minority shareholders in concert with Seaboard]...
The NAV on the books is KES 50. Add the EPS for 1H 2017-18 [waiting for results by 31st March] and EPS for 2H and that can add 5/-. Plus the last revaluation of "Operating Lease Rentals" was done in 2013 at 878,500,000/-. Most of his is not included in the NAV.
Fair Value should be KES 60-80 after adding in other assets that could be revalued.
Quote:Unga rules out raising Sh40 buyout offerDelaware-based conglomerate Seaboard Corporation has ruled out raising its buyout offer price of Sh40 per share to Unga Group’s investors. Shareholders who attended meetings called by Seaboard’s representatives in the past few days told the Business Daily that the multinational will not change its offer. “The Sh40 per share is the only offer. They only wanted to explain how they arrived at that offer,” one of the shareholders said. Some speculative investors traded the stock above Sh40 on the Nairobi Securities Exchange (NSE) following announcement of the takeover bid. Seaboard clarified to the select shareholders who were invited to the meeting that an option to revise its offer within the June 6 window is only available if it chooses to respond to a competing bid should one materialise. ...CONTINUES... So those who have been buying above 40 bob are burning their fingers knowingly!!! The "adjusted" NAV is 67 (excludes 2H PAT) - Unga/Faida Circular - and within my range but since Seaboard chose to do the takeover in concert with Victus, and a competing offer is unlikely unless Victus offers its shares (51%) for sale. I am disappointed that Unga's Board chose to support the 40/- offer but given the composition of the board I am not surprised. Isabella Ocholla-Wilson is also on NIC's board. What's the common thread? Nick Hutchinson was originally seconded to Unga by Seaboard. Vitalis Ojode was the former FD of Unga The only other "independent" directors would be Patrick Obath and Shilpa Haria. Tumechezwa. Your strategy of buy high and sell low is unique
KQ ABP 4.26
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Rank: Chief Joined: 1/3/2007 Posts: 18,342 Location: Nairobi
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obiero wrote:VituVingiSana wrote:Angelica _ann wrote:Pesa Nane wrote:VituVingiSana wrote:
Luck has little to do with it. I must have a loooong post somewhere on why I own/held Unga.
I admit I am a bit concerned/upset about Corporate Governance [well, not Unga directly but Victus trying to pull one over minority shareholders in concert with Seaboard]...
The NAV on the books is KES 50. Add the EPS for 1H 2017-18 [waiting for results by 31st March] and EPS for 2H and that can add 5/-. Plus the last revaluation of "Operating Lease Rentals" was done in 2013 at 878,500,000/-. Most of his is not included in the NAV.
Fair Value should be KES 60-80 after adding in other assets that could be revalued.
Quote:Unga rules out raising Sh40 buyout offerDelaware-based conglomerate Seaboard Corporation has ruled out raising its buyout offer price of Sh40 per share to Unga Group’s investors. Shareholders who attended meetings called by Seaboard’s representatives in the past few days told the Business Daily that the multinational will not change its offer. “The Sh40 per share is the only offer. They only wanted to explain how they arrived at that offer,” one of the shareholders said. Some speculative investors traded the stock above Sh40 on the Nairobi Securities Exchange (NSE) following announcement of the takeover bid. Seaboard clarified to the select shareholders who were invited to the meeting that an option to revise its offer within the June 6 window is only available if it chooses to respond to a competing bid should one materialise. ...CONTINUES... So those who have been buying above 40 bob are burning their fingers knowingly!!! The "adjusted" NAV is 67 (excludes 2H PAT) - Unga/Faida Circular - and within my range but since Seaboard chose to do the takeover in concert with Victus, and a competing offer is unlikely unless Victus offers its shares (51%) for sale. I am disappointed that Unga's Board chose to support the 40/- offer but given the composition of the board I am not surprised. Isabella Ocholla-Wilson is also on NIC's board. What's the common thread? Nick Hutchinson was originally seconded to Unga by Seaboard. Vitalis Ojode was the former FD of Unga The only other "independent" directors would be Patrick Obath and Shilpa Haria. Tumechezwa. Your strategy of buy high and sell low is unique KQ Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 1/3/2007 Posts: 18,342 Location: Nairobi
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The Offer opens today and closes on 13th June. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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VituVingiSana wrote:Angelica _ann wrote:Pesa Nane wrote:VituVingiSana wrote:
Luck has little to do with it. I must have a loooong post somewhere on why I own/held Unga.
I admit I am a bit concerned/upset about Corporate Governance [well, not Unga directly but Victus trying to pull one over minority shareholders in concert with Seaboard]...
The NAV on the books is KES 50. Add the EPS for 1H 2017-18 [waiting for results by 31st March] and EPS for 2H and that can add 5/-. Plus the last revaluation of "Operating Lease Rentals" was done in 2013 at 878,500,000/-. Most of his is not included in the NAV.
Fair Value should be KES 60-80 after adding in other assets that could be revalued.
Quote:Unga rules out raising Sh40 buyout offerDelaware-based conglomerate Seaboard Corporation has ruled out raising its buyout offer price of Sh40 per share to Unga Group’s investors. Shareholders who attended meetings called by Seaboard’s representatives in the past few days told the Business Daily that the multinational will not change its offer. “The Sh40 per share is the only offer. They only wanted to explain how they arrived at that offer,” one of the shareholders said. Some speculative investors traded the stock above Sh40 on the Nairobi Securities Exchange (NSE) following announcement of the takeover bid. Seaboard clarified to the select shareholders who were invited to the meeting that an option to revise its offer within the June 6 window is only available if it chooses to respond to a competing bid should one materialise. ...CONTINUES... So those who have been buying above 40 bob are burning their fingers knowingly!!! The "adjusted" NAV is 67 (excludes 2H PAT) - Unga/Faida Circular - and within my range but since Seaboard chose to do the takeover in concert with Victus, and a competing offer is unlikely unless Victus offers its shares (51%) for sale. I am disappointed that Unga's Board chose to support the 40/- offer but given the composition of the board I am not surprised. Isabella Ocholla-Wilson is also on NIC's board. What's the common thread? Nick Hutchinson was originally seconded to Unga by Seaboard. Vitalis Ojode was the former FD of Unga The only other "independent" directors would be Patrick Obath and Shilpa Haria. Tumechezwa. Utaacha kuchezwa lini Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 5/6/2008 Posts: 199
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Today is the last day for competing offers. I doubt any will materialise. VituVingiSana wrote:The Offer opens today and closes on 13th June.
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Rank: Veteran Joined: 11/13/2015 Posts: 1,652
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Ericsson wrote:VituVingiSana wrote:Angelica _ann wrote:Pesa Nane wrote:VituVingiSana wrote:
Luck has little to do with it. I must have a loooong post somewhere on why I own/held Unga.
I admit I am a bit concerned/upset about Corporate Governance [well, not Unga directly but Victus trying to pull one over minority shareholders in concert with Seaboard]...
The NAV on the books is KES 50. Add the EPS for 1H 2017-18 [waiting for results by 31st March] and EPS for 2H and that can add 5/-. Plus the last revaluation of "Operating Lease Rentals" was done in 2013 at 878,500,000/-. Most of his is not included in the NAV.
Fair Value should be KES 60-80 after adding in other assets that could be revalued.
Quote:Unga rules out raising Sh40 buyout offerDelaware-based conglomerate Seaboard Corporation has ruled out raising its buyout offer price of Sh40 per share to Unga Group’s investors. Shareholders who attended meetings called by Seaboard’s representatives in the past few days told the Business Daily that the multinational will not change its offer. “The Sh40 per share is the only offer. They only wanted to explain how they arrived at that offer,” one of the shareholders said. Some speculative investors traded the stock above Sh40 on the Nairobi Securities Exchange (NSE) following announcement of the takeover bid. Seaboard clarified to the select shareholders who were invited to the meeting that an option to revise its offer within the June 6 window is only available if it chooses to respond to a competing bid should one materialise. ...CONTINUES... So those who have been buying above 40 bob are burning their fingers knowingly!!! The "adjusted" NAV is 67 (excludes 2H PAT) - Unga/Faida Circular - and within my range but since Seaboard chose to do the takeover in concert with Victus, and a competing offer is unlikely unless Victus offers its shares (51%) for sale. I am disappointed that Unga's Board chose to support the 40/- offer but given the composition of the board I am not surprised. Isabella Ocholla-Wilson is also on NIC's board. What's the common thread? Nick Hutchinson was originally seconded to Unga by Seaboard. Vitalis Ojode was the former FD of Unga The only other "independent" directors would be Patrick Obath and Shilpa Haria. Tumechezwa. Utaacha kuchezwa lini Battered investor syndrome
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Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi
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wukan wrote:Ericsson wrote:VituVingiSana wrote:Angelica _ann wrote:Pesa Nane wrote:VituVingiSana wrote:
Luck has little to do with it. I must have a loooong post somewhere on why I own/held Unga.
I admit I am a bit concerned/upset about Corporate Governance [well, not Unga directly but Victus trying to pull one over minority shareholders in concert with Seaboard]...
The NAV on the books is KES 50. Add the EPS for 1H 2017-18 [waiting for results by 31st March] and EPS for 2H and that can add 5/-. Plus the last revaluation of "Operating Lease Rentals" was done in 2013 at 878,500,000/-. Most of his is not included in the NAV.
Fair Value should be KES 60-80 after adding in other assets that could be revalued.
Quote:Unga rules out raising Sh40 buyout offerDelaware-based conglomerate Seaboard Corporation has ruled out raising its buyout offer price of Sh40 per share to Unga Group’s investors. Shareholders who attended meetings called by Seaboard’s representatives in the past few days told the Business Daily that the multinational will not change its offer. “The Sh40 per share is the only offer. They only wanted to explain how they arrived at that offer,” one of the shareholders said. Some speculative investors traded the stock above Sh40 on the Nairobi Securities Exchange (NSE) following announcement of the takeover bid. Seaboard clarified to the select shareholders who were invited to the meeting that an option to revise its offer within the June 6 window is only available if it chooses to respond to a competing bid should one materialise. ...CONTINUES... So those who have been buying above 40 bob are burning their fingers knowingly!!! The "adjusted" NAV is 67 (excludes 2H PAT) - Unga/Faida Circular - and within my range but since Seaboard chose to do the takeover in concert with Victus, and a competing offer is unlikely unless Victus offers its shares (51%) for sale. I am disappointed that Unga's Board chose to support the 40/- offer but given the composition of the board I am not surprised. Isabella Ocholla-Wilson is also on NIC's board. What's the common thread? Nick Hutchinson was originally seconded to Unga by Seaboard. Vitalis Ojode was the former FD of Unga The only other "independent" directors would be Patrick Obath and Shilpa Haria. Tumechezwa. Utaacha kuchezwa lini Battered investor syndrome Good move to punish nse speculators "Don't let the fear of losing be greater than the excitement of winning."
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