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A concern on KCB Rights Issue
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KulaRaha
#11 Posted : Monday, June 21, 2010 1:42:59 PM
Rank: Elder

Joined: 7/26/2007
Posts: 6,514
kcb can never be compared to eabl, thats like comparing chuma with gold.

for me, kcb is a serious SELL!

The last kcb rights was at 25....the price never recovered to that level, leave aside all the mathematics and theories.

This one is at 17 hahahahhaha I see kcb at 12 tops.
Business opportunities are like buses,there's always another one coming
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muganda
#12 Posted : Monday, June 21, 2010 4:08:48 PM
Rank: Elder

Joined: 9/15/2006
Posts: 3,907
If share price goes below rights issue price before the offer commences, the offer will fail. I don't see the point of a pension fund buying 2 million at 17/= if they can get the same at 16.50/=.

But from initial 2.5b in 2004, 5.5b in 2008 to 15b in 2010 - the brat is getting greedier more frequently (1/2 the duration) and requesting much more food (x3 times the amount).

I'm a shareholder and I'm very afraid (wooahahahah!)
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slykat
#13 Posted : Monday, June 21, 2010 4:15:06 PM
Rank: Member

Joined: 2/20/2007
Posts: 359
Obi 1 Kanobi wrote:
I was trying to be a smart alec, wait for my rights to accrue then exit today, but with the current price, i don't know if I made the right decision.

This share has singly screwed all my portfolio gains. I should have ......



@rObi-ng 1 Kanobi

Exactly my sentiments! 40% of portfolio..lost nearly 30%..I should have exited at 32 ages ago but was in it for the long-term..and didn't quite expect the market to react with disdain post-last rights..Expect more contempt for this share post rights again... KCB management has little regard for shareholder interests, I think.

Some of my less profitable minions have made me far better returns!
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qw25041985
#14 Posted : Monday, June 21, 2010 4:26:55 PM
Rank: User

Joined: 5/9/2010
Posts: 1,418
Location: Nai
I think shareholers are tired of these rights issues. And it shld now be public informatiön that these rights issue WILL FAIL. Lets see who'll come to mop up the excess shares.
Your future depends on your dreams so go to sleep !
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the deal
#15 Posted : Monday, June 21, 2010 4:31:39 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Hehehe best bid today on the normal board was 15 bob...so KCB has taken the button over from KQ...i expect CMC to join the race...for the Most falling counters of the year...
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young
#16 Posted : Monday, June 21, 2010 4:31:49 PM
Rank: Elder

Joined: 6/20/2007
Posts: 2,074
Location: Lagos, Nigeria




It is a matter of choice, for those of us that started to buy KCB shares since 2004, I was looking forward to a highly discounted price not 17 bob.
I believe there are other opportunities in NSE ie either

Other good counters
OR
Much cheaper KCB post rights (14 bob)

which ever comes first will suffice.
The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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My 2 cents
#17 Posted : Monday, June 21, 2010 5:10:42 PM
Rank: Veteran

Joined: 6/2/2010
Posts: 1,089
I just hope that KCB management are paying attention to these sentiments because another rights issue WILL NOT/SHOULD NOT be an option for a long long time. Though I have KCB shares, part of me hopes that this rights issue is a flop so that they wake up and smell the coffee......
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the deal
#18 Posted : Monday, June 21, 2010 5:21:40 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
The MD should go on an investor hunt like Michael Joseph of safaricom...LoL.
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muganda
#19 Posted : Monday, June 21, 2010 5:23:31 PM
Rank: Elder

Joined: 9/15/2006
Posts: 3,907
@My 2 cents, I'm with you on this one - the petulance of it all!

-Just like that, the biggest rights issue in Kenya's history
-Can you imagine, then they just decide no underwriter.
-Then when CMA tell them they are diluting us toooo much, they maintain same target and just change offer price.

All this with a cost/income ratio of 71%, lowest in the industry - NKT
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kizee
#20 Posted : Monday, June 21, 2010 5:29:03 PM
Rank: Member

Joined: 1/9/2008
Posts: 537
muganda wrote:
@My 2 cents, I'm with you on this one - the petulance of it all!

-Just like that, the biggest rights issue in Kenya's history
-Can you imagine, then they just decide no underwriter.
-Then when CMA tell them they are diluting us toooo much, they maintain same target and just change offer price.

All this with a cost/income ratio of 71%, lowest in the industry - NKT



very gud points...to add on to that they didnt do anything of note with the last 5bn we gave them 2 yrs ago..lol..im soo happy i sold my kcb shares
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