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Unga limited takeover
Rank: Chief Joined: 1/3/2007 Posts: 18,047 Location: Nairobi
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Don't cry for me, Obiero I will not forget you All these years You have told me NAV doesn't matter But the Open Offer does... Don't cry for me, Obiero You have told me Promises can carry me through Even after all the baking Through Ennsvalley The fingering and losses And a lowball offers Thank to insider dealings I still have positive equity And no government bailout And a never ending promise Of an Open Offer... Don't cry for me, Obiero As long as Unga Is a going concern Even without an Open Offer It might not make me rich Beyond my wildest dreams But I still get a dividend And not regular promises Of an Open Offer... Don't cry for me, Obiero I have Isabella and Nick Who have betrayed me And Andrew and James Lurking in the wings But I await Seaboard To sweeten the offer And save me from the promise Of an Open Offer... Don't cry for me, Obiero 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: 18,047 Location: Nairobi
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Mastermind wrote:xxxxx wrote:Ericsson wrote:mlennyma wrote:Angelica _ann wrote:VituVingiSana wrote:An interesting question:
What if Seaboard doesn't get to 75%?
[Remember BOC and Carbacid] They failed flat on their bid. what next?price fall?or price rise as they continue to chase the remaining % Price will fall with a thump Good! As a net buyer, I like it!  Time for @vvs and co shareholders in the minority to canvas and avoid being screwed. They should form a coalition (Unga Minority Ltd) and consolidate their shares. That way they will have a say. The offer by Seaboard has put a floor of sorts under the share price. I was not a seller at 40 (NAV 50+) so I will try to buy the shares of those who Wasaliti who want out and I hope at less than 40. Seaboard wants to takeover Unga and it will be back. Patience is key. In the meantime, based on 1H results, 2H should be a good half too! 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: 13,469 Location: nairobi
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VituVingiSana wrote:Mastermind wrote:xxxxx wrote:Ericsson wrote:mlennyma wrote:Angelica _ann wrote:VituVingiSana wrote:An interesting question:
What if Seaboard doesn't get to 75%?
[Remember BOC and Carbacid] They failed flat on their bid. what next?price fall?or price rise as they continue to chase the remaining % Price will fall with a thump Good! As a net buyer, I like it! Time for @vvs and co shareholders in the minority to canvas and avoid being screwed. They should form a coalition (Unga Minority Ltd) and consolidate their shares. That way they will have a say. The offer by Seaboard has put a floor of sorts under the share price. I was not a seller at 40 (NAV 50+) so I will try to buy the shares of those who Wasaliti who want out and I hope at less than 40. Seaboard wants to takeover Unga and it will be back. Patience is key. In the meantime, based on 1H results, 2H should be a good half too! Hapa mzee umenoa, nothing like a floor of sorts; Seaboard offered the purchase at a premium, Unga shares were trading circa KES 30 prior to the once in a lifetime offer and are likely to trend downwards first thing on Monday.. I wish you well though
HF 428,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Elder Joined: 8/16/2011 Posts: 2,260
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 If they want to still pursue the stock they have to buy more from the market using proxies to attain what they want and then come back and try a buy at same price or @ 45 The Govt has some shares in this firm and would not want a food commodity company to be controlled from Without.
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Rank: Elder Joined: 12/4/2009 Posts: 10,636 Location: NAIROBI
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Realtreaty wrote: If they want to still pursue the stock they have to buy more from the market using proxies to attain what they want and then come back and try a buy at same price or @ 45 The Govt has some shares in this firm and would not want a food commodity company to be controlled from Without. GoK through which vehicles and what is the stake Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 1/3/2007 Posts: 18,047 Location: Nairobi
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obiero wrote:VituVingiSana wrote:Mastermind wrote:xxxxx wrote:Ericsson wrote:mlennyma wrote:Angelica _ann wrote:VituVingiSana wrote:An interesting question:
What if Seaboard doesn't get to 75%?
[Remember BOC and Carbacid] They failed flat on their bid. what next?price fall?or price rise as they continue to chase the remaining % Price will fall with a thump Good! As a net buyer, I like it! Time for @vvs and co shareholders in the minority to canvas and avoid being screwed. They should form a coalition (Unga Minority Ltd) and consolidate their shares. That way they will have a say. The offer by Seaboard has put a floor of sorts under the share price. I was not a seller at 40 (NAV 50+) so I will try to buy the shares of those who Wasaliti who want out and I hope at less than 40. Seaboard wants to takeover Unga and it will be back. Patience is key. In the meantime, based on 1H results, 2H should be a good half too! Hapa mzee umenoa, nothing like a floor of sorts; Seaboard offered the purchase at a premium, Unga shares were trading circa KES 30 prior to the once in a lifetime offer and are likely to trend downwards first thing on Monday.. I wish you well though And REA were trading at 27 when Robinows offered 40 and finally Centum paid 85 ... No, I do not think Seaboard will offer 85 but the Adjusted NAV was 67 according to the Circular/Valuation by Faida. Thanks for your good wishes. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 5/2/2018 Posts: 267
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VituVingiSana wrote:obiero wrote:VituVingiSana wrote:Mastermind wrote:xxxxx wrote:Ericsson wrote:mlennyma wrote:Angelica _ann wrote:VituVingiSana wrote:An interesting question:
What if Seaboard doesn't get to 75%?
[Remember BOC and Carbacid] They failed flat on their bid. what next?price fall?or price rise as they continue to chase the remaining % Price will fall with a thump Good! As a net buyer, I like it! Time for @vvs and co shareholders in the minority to canvas and avoid being screwed. They should form a coalition (Unga Minority Ltd) and consolidate their shares. That way they will have a say. The offer by Seaboard has put a floor of sorts under the share price. I was not a seller at 40 (NAV 50+) so I will try to buy the shares of those who Wasaliti who want out and I hope at less than 40. Seaboard wants to takeover Unga and it will be back. Patience is key. In the meantime, based on 1H results, 2H should be a good half too! Hapa mzee umenoa, nothing like a floor of sorts; Seaboard offered the purchase at a premium, Unga shares were trading circa KES 30 prior to the once in a lifetime offer and are likely to trend downwards first thing on Monday.. I wish you well though And REA were trading at 27 when Robinows offered 40 and finally Centum paid 85 ... No, I do not think Seaboard will offer 85 but the Adjusted NAV was 67 according to the Circular/Valuation by Faida. Thanks for your good wishes. Activist investors have done a fantastic job in blindsiding corporate undertakers! This should warn those hiding behind the "we've-complied-with-CMA-requirements" notion to rip off helpless minority shareholders.
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Rank: Member Joined: 3/8/2018 Posts: 507 Location: Nairobi
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VituVingiSana wrote:1) I have until 28th June to decide. It also happens to be (almost) the end of FY 2018 so Seaboard wants to "eat" the 1H and 2H profits. The 40/- was announced a while ago when 1H results were not out.
2) The "Adjusted NAV" of Unga is 67 according to the IFA.
3) @Obiero - I do not believe there will be a counter offer since Victus has sided with Seaboard. It's interesting to note that Victus is NOT selling at 40/-.
4)@tandich - the board has sold us out BUT look closely and it's no surprise. Only Obath and Haria don't have a (financial) relationship with either Victus/Ndegwas or Seaboard.
5) Anyway, 14 more days left ;-) When you know the value of what you hold."Put a better offer on the table or ship out" Kudos to those who stuck to their guns
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Rank: Elder Joined: 6/23/2009 Posts: 13,469 Location: nairobi
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Superprime1 wrote:VituVingiSana wrote:obiero wrote:VituVingiSana wrote:Mastermind wrote:xxxxx wrote:Ericsson wrote:mlennyma wrote:Angelica _ann wrote:VituVingiSana wrote:An interesting question:
What if Seaboard doesn't get to 75%?
[Remember BOC and Carbacid] They failed flat on their bid. what next?price fall?or price rise as they continue to chase the remaining % Price will fall with a thump Good! As a net buyer, I like it! Time for @vvs and co shareholders in the minority to canvas and avoid being screwed. They should form a coalition (Unga Minority Ltd) and consolidate their shares. That way they will have a say. The offer by Seaboard has put a floor of sorts under the share price. I was not a seller at 40 (NAV 50+) so I will try to buy the shares of those who Wasaliti who want out and I hope at less than 40. Seaboard wants to takeover Unga and it will be back. Patience is key. In the meantime, based on 1H results, 2H should be a good half too! Hapa mzee umenoa, nothing like a floor of sorts; Seaboard offered the purchase at a premium, Unga shares were trading circa KES 30 prior to the once in a lifetime offer and are likely to trend downwards first thing on Monday.. I wish you well though And REA were trading at 27 when Robinows offered 40 and finally Centum paid 85 ... No, I do not think Seaboard will offer 85 but the Adjusted NAV was 67 according to the Circular/Valuation by Faida. Thanks for your good wishes. Activist investors have done a fantastic job in blindsiding corporate undertakers! This should warn those hiding behind the "we've-complied-with-CMA-requirements" notion to rip off helpless minority shareholders. Have you seen the price today?
HF 428,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Chief Joined: 1/3/2007 Posts: 18,047 Location: Nairobi
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https://www.youtube.com/watch?v=F69PBQ4ZyNwGreedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 12/7/2012 Posts: 11,901
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CMA is a very useless body!!! 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: Elder Joined: 12/4/2009 Posts: 10,636 Location: NAIROBI
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Angelica _ann wrote:CMA is a very useless body!!! The problem is the CEO,during Stella Kilonzo regime it was effective Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 2/26/2012 Posts: 15,979
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This is what we need at the NSE Activist InvestorsQuote:The Business Daily has learnt that the activist investors, including city lawyer Andrew Musangi, Kunal Bid, Rakesh Gadani and Karim Jetha, also wrote protest letters to the boards of the companies and in some cases bought more shares in the open market to boost their ability to block the takeovers.
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Veteran Joined: 1/25/2012 Posts: 1,624 Location: Langley
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Ericsson wrote:Angelica _ann wrote:CMA is a very useless body!!! The problem is the CEO,during Stella Kilonzo regime it was effective And the chairman. It doesn't make sense to appoint a cat to guard milk. If you have built castles in the air, your work need not be lost; that is where they should be. Now put the foundations under them.
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Rank: Member Joined: 5/6/2008 Posts: 199
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Rank: Member Joined: 3/8/2018 Posts: 507 Location: Nairobi
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That's disconcerting. 
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Rank: Elder Joined: 6/23/2009 Posts: 13,469 Location: nairobi
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rwitre wrote:That's disconcerting. Someone should thank CMA. This one was going to tank
HF 428,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Elder Joined: 6/23/2009 Posts: 13,469 Location: nairobi
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VituVingiSana wrote:Don't cry for me, Obiero
I will not forget you
All these years
You have told me
NAV doesn't matter
But the Open Offer does...
Don't cry for me, Obiero
You have told me
Promises can carry me through
Even after all the baking
Through Ennsvalley
The fingering and losses
And a lowball offers
Thank to insider dealings
I still have positive equity
And no government bailout
And a never ending promise
Of an Open Offer...
Don't cry for me, Obiero
As long as Unga
Is a going concern
Even without an Open Offer
It might not make me rich
Beyond my wildest dreams
But I still get a dividend
And not regular promises
Of an Open Offer...
Don't cry for me, Obiero
I have Isabella and Nick
Who have betrayed me
And Andrew and James
Lurking in the wings
But I await Seaboard
To sweeten the offer
And save me from the promise
Of an Open Offer...
Don't cry for me, Obiero Kesho utajua hujui
HF 428,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Elder Joined: 6/23/2009 Posts: 13,469 Location: nairobi
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VituVingiSana wrote:obiero wrote:VituVingiSana wrote:Mastermind wrote:xxxxx wrote:Ericsson wrote:mlennyma wrote:Angelica _ann wrote:VituVingiSana wrote:An interesting question:
What if Seaboard doesn't get to 75%?
[Remember BOC and Carbacid] They failed flat on their bid. what next?price fall?or price rise as they continue to chase the remaining % Price will fall with a thump Good! As a net buyer, I like it! Time for @vvs and co shareholders in the minority to canvas and avoid being screwed. They should form a coalition (Unga Minority Ltd) and consolidate their shares. That way they will have a say. The offer by Seaboard has put a floor of sorts under the share price. I was not a seller at 40 (NAV 50+) so I will try to buy the shares of those who Wasaliti who want out and I hope at less than 40. Seaboard wants to takeover Unga and it will be back. Patience is key. In the meantime, based on 1H results, 2H should be a good half too! Hapa mzee umenoa, nothing like a floor of sorts; Seaboard offered the purchase at a premium, Unga shares were trading circa KES 30 prior to the once in a lifetime offer and are likely to trend downwards first thing on Monday.. I wish you well though And REA were trading at 27 when Robinows offered 40 and finally Centum paid 85 ... No, I do not think Seaboard will offer 85 but the Adjusted NAV was 67 according to the Circular/Valuation by Faida. Thanks for your good wishes. As always bro..
HF 428,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Elder Joined: 12/4/2009 Posts: 10,636 Location: NAIROBI
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VituVingiSana wrote:obiero wrote:VituVingiSana wrote:Mastermind wrote:xxxxx wrote:Ericsson wrote:mlennyma wrote:Angelica _ann wrote:VituVingiSana wrote:An interesting question:
What if Seaboard doesn't get to 75%?
[Remember BOC and Carbacid] They failed flat on their bid. what next?price fall?or price rise as they continue to chase the remaining % Price will fall with a thump Good! As a net buyer, I like it! Time for @vvs and co shareholders in the minority to canvas and avoid being screwed. They should form a coalition (Unga Minority Ltd) and consolidate their shares. That way they will have a say. The offer by Seaboard has put a floor of sorts under the share price. I was not a seller at 40 (NAV 50+) so I will try to buy the shares of those who Wasaliti who want out and I hope at less than 40. Seaboard wants to takeover Unga and it will be back. Patience is key. In the meantime, based on 1H results, 2H should be a good half too! Hapa mzee umenoa, nothing like a floor of sorts; Seaboard offered the purchase at a premium, Unga shares were trading circa KES 30 prior to the once in a lifetime offer and are likely to trend downwards first thing on Monday.. I wish you well though And REA were trading at 27 when Robinows offered 40 and finally Centum paid 85 ... No, I do not think Seaboard will offer 85 but the Adjusted NAV was 67 according to the Circular/Valuation by Faida. Thanks for your good wishes. Centum sold all their portfolio in the Quoted equities segment Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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