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Unga limited takeover
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Angelica _ann
#261 Posted : Wednesday, July 25, 2018 6:33:20 PM
Rank: Elder

Joined: 12/7/2012
Posts: 11,939
Ericsson 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! Applause Applause Applause

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


What will they be selling next now that their willy dealer is MIA?
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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VituVingiSana
#262 Posted : Thursday, July 26, 2018 9:19:29 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,383
Location: Nairobi
Centum has indicated they plan to continue selling 2-3 plots per year at Two Rivers.
They will (or have) start marketing plots in Pearl Marina and Vipingo.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Superprime1
#263 Posted : Friday, July 27, 2018 9:19:58 AM
Rank: Member

Joined: 5/2/2018
Posts: 267
Seaboard Corporation says it intends to proceed with its proposal to delist Unga Group from the NSE and will seek the go-ahead at an EGM "to be convened in due course".

The firm says it has decided to waive the minimum acceptance threshold and intends to complete the acquisition of the shares for which acceptances were received.

"All other conditions of the Seaboard Offer have been fulfilled and the offer has become unconditional in all aspects. Accordingly, all Unga Group shareholders who accepted the Seaboard Offer will be paid the cash offer price of Sh40 per share."
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Pesa Nane
#264 Posted : Friday, July 27, 2018 12:59:29 PM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
CMA mpo?

Pesa Nane plans to be shilingi when he grows up.
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obiero
#265 Posted : Friday, July 27, 2018 2:05:41 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,327
Location: nairobi
Pesa Nane wrote:
CMA mpo?


Holding out for what? An intelligent investor would have cashed out at KES 40 despite the wishy-washy judgment of NAV/fair value, the world is not fair, never has been..
COOP, IMH, KEGN, KQ, MTNU
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VituVingiSana
#266 Posted : Friday, July 27, 2018 3:21:19 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,383
Location: Nairobi
obiero wrote:
Pesa Nane wrote:
CMA mpo?


Holding out for what? An intelligent investor would have cashed out at KES 40 despite the wishy-washy judgment of NAV/fair value, the world is not fair, never has been..

Tunangoja "Open Offer" ne wengine 30% of the shares are out there Laughing out loudly Laughing out loudly Laughing out loudly
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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obiero
#267 Posted : Friday, July 27, 2018 3:23:27 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,327
Location: nairobi
VituVingiSana wrote:
obiero wrote:
Pesa Nane wrote:
CMA mpo?


Holding out for what? An intelligent investor would have cashed out at KES 40 despite the wishy-washy judgment of NAV/fair value, the world is not fair, never has been..

Tunangoja "Open Offer" ne wengine 30% of the shares are out there Laughing out loudly Laughing out loudly Laughing out loudly

Lol. That was a funny comeback. Pole lakini mzee wangu
COOP, IMH, KEGN, KQ, MTNU
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VituVingiSana
#268 Posted : Friday, September 28, 2018 8:56:02 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,383
Location: Nairobi
@PesaNane, my guy! Please do what you do best smile smile smile
I hear there is some good news.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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anjali3109
#269 Posted : Friday, September 28, 2018 9:05:49 AM
Rank: Hello

Joined: 9/28/2018
Posts: 1
Location: Delhi
This is very nice to see it.
Full Body Massage in Delhi at Affordable Price.
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Pesa Nane
#270 Posted : Friday, September 28, 2018 2:34:07 PM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
VituVingiSana wrote:
@PesaNane, my guy! Please do what you do best smile smile smile
I hear there is some good news.


Keep it right here. Been sitting on it..... zuku manenos
Pesa Nane plans to be shilingi when he grows up.
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