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Unga limited takeover
Rank: Elder Joined: 12/7/2012 Posts: 11,901
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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!  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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Rank: Chief Joined: 1/3/2007 Posts: 18,050 Location: Nairobi
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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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Rank: Member Joined: 5/2/2018 Posts: 267
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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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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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CMA mpo?  Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 6/23/2009 Posts: 13,472 Location: nairobi
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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..
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: 18,050 Location: Nairobi
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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  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: 13,472 Location: nairobi
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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 Lol. That was a funny comeback. Pole lakini mzee wangu
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: 18,050 Location: Nairobi
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@PesaNane, my guy! Please do what you do best  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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Rank: Hello Joined: 9/28/2018 Posts: 1 Location: Delhi
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This is very nice to see it.
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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VituVingiSana wrote:@PesaNane, my guy! Please do what you do best 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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Rank: Elder Joined: 6/23/2009 Posts: 13,472 Location: nairobi
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AGM at KSG Kiambu on 06.12.2018
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: 18,050 Location: Nairobi
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No. 4 - Unga Group Limited: Top 5 Listed Companies In Kenya: Invest In Africa @Nabo Capital https://www.youtube.com/watch?v=8yQoTp4a6VI
100/- in 2013 to 226/- in 2018 (126% in 5 years) 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: 18,050 Location: Nairobi
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Another vid from Pius Mugo of Nabo Capital https://www.youtube.com/...HY&feature=youtu.be
Unga mentioned Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: New-farer Joined: 12/23/2018 Posts: 38 Location: germany
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I am not sure but i think that they hold majority of the company. Maybe somebody from the forum can correct me. I think that the price they are offering is a little low. They should more than that. What do you think guys? Given the market value and conditions, is the price right?
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Rank: Chief Joined: 1/3/2007 Posts: 18,050 Location: Nairobi
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No cash? Give maize. Good for Unga https://www.businessdail...6792-5sb3o1z/index.html
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: 13,472 Location: nairobi
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obiero wrote: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 Lol. That was a funny comeback. Pole lakini mzee wangu 40% profitability dip. The world is not fair..
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: 13,472 Location: nairobi
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obiero wrote:tandich wrote: It seems many shareholder's don't agree Seaboard Corporation's very penurious valuation. I'm surprise the board, which I suspect is captured, recommended it. It's curious that they blame the post for their failure. @VituVingiSana hold on. Maybe someone will launch a counter-offer offer at the 11th Hour. Additional time is just enough to almost preclude a counter.-offer Smart business by Seaboard. Quote: During the Offer period, Seaboard has received numerous queries from Unga shareholders with requests for resubmission of the Offer documents that were originally dispatched to them via post by the Registrars. This is primarily attributed to the changes in postal addresses and/or relocation of shareholders whose new details are not updated with the Central Depository and Settlement Corporation.
In order to allow more time for shareholders to consider the Seaboard Offer and respond accordingly, Seaboard has obtained the approval of the Capital Markets Authority to extend the Closing Date by 10 working days. The Seaboard Offer will now close at 5.00pm on Thursday 28th June 2018.
Save as noted above, the terms and conditions of the Seaboard Offer as set out in the Seaboard Offer Document shall continue to apply. There shall be no counter offer. It is God who has come to the rescue of those that were undecided God himself offered a way out but some chose to hang on to a sinking ship
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: 18,050 Location: Nairobi
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obiero wrote:obiero wrote:tandich wrote:It seems many shareholder's don't agree Seaboard Corporation's very penurious valuation. I'm surprise the board, which I suspect is captured, recommended it. It's curious that they blame the post for their failure. @VituVingiSana hold on. Maybe someone will launch a counter-offer offer at the 11th Hour. Additional time is just enough to almost preclude a counter.-offer Smart business by Seaboard. Quote: During the Offer period, Seaboard has received numerous queries from Unga shareholders with requests for resubmission of the Offer documents that were originally dispatched to them via post by the Registrars. This is primarily attributed to the changes in postal addresses and/or relocation of shareholders whose new details are not updated with the Central Depository and Settlement Corporation.
In order to allow more time for shareholders to consider the Seaboard Offer and respond accordingly, Seaboard has obtained the approval of the Capital Markets Authority to extend the Closing Date by 10 working days. The Seaboard Offer will now close at 5.00pm on Thursday 28th June 2018.
Save as noted above, the terms and conditions of the Seaboard Offer as set out in the Seaboard Offer Document shall continue to apply. There shall be no counter offer. It is God who has come to the rescue of those that were undecided God himself offered a way out but some chose to hang on to a sinking ship Unga is profitable. It also paid a dividend for FY 2018. My dividend for 1 Unga share was greater than than the profits KQ has made in the last 5 years 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: 18,050 Location: Nairobi
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Unga steps up competition with Eldoret wheat plant https://www.businessdail...01378-g7kc91/index.html
"The company already has an existing line besides the new “state-of-the-art” plant expected to more than double capacity." The new capacity is probably more efficient.
"The line, earlier slated for commissioning in October, was opened in mid-December, according to the firm chief executive officer Nick Hutchinson." Revenue and costs in 2H may increase. Profits may be tougher to come by given the issues surrounding maize, competition, drought and politics. "plans to install a soya meal production line at its Dakar Road, Nairobi, plant in the course of the 2018/2019 financial year." Long-term planning.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: 13,472 Location: nairobi
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VituVingiSana wrote:Unga steps up competition with Eldoret wheat plant https://www.businessdail...01378-g7kc91/index.html
"The company already has an existing line besides the new “state-of-the-art” plant expected to more than double capacity." The new capacity is probably more efficient.
"The line, earlier slated for commissioning in October, was opened in mid-December, according to the firm chief executive officer Nick Hutchinson." Revenue and costs in 2H may increase. Profits may be tougher to come by given the issues surrounding maize, competition, drought and politics. "plans to install a soya meal production line at its Dakar Road, Nairobi, plant in the course of the 2018/2019 financial year." Long-term planning. I wish you well mzee
HF 428,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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