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Standard Chartered Rights Issue...............
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Gatheuzi
#31 Posted : Saturday, July 24, 2010 6:27:37 PM
Rank: Veteran

Joined: 8/16/2009
Posts: 994
Then @ rights below 100, this will be a true bargain. We need a confirmation though.
Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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guru267
#32 Posted : Saturday, July 24, 2010 6:45:30 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Gatheuzi wrote:
Then @ rights below 100, this will be a true bargain. We need a confirmation though.

I also calculated the rights price at below 100bob considering what they are raising the capital for then they wouldn't dare offer a higher price
Mark 12:29
Deuteronomy 4:16
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Gordon Gekko
#33 Posted : Saturday, July 24, 2010 8:55:21 PM
Rank: Elder

Joined: 5/27/2008
Posts: 3,760
Why should they sell at sub 100 when they can easily get a full subscription at 200?
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gladiator
#34 Posted : Monday, July 26, 2010 12:25:56 AM
Rank: Member

Joined: 8/25/2006
Posts: 101
Selling the rights for under 100 will be robbery. Even if it is just for capital, why not take the extra cash and park it in Govt treasuries until you figure a way to use it just like Equity did with the Helios investment when they parked 10B in govt treasuries for a year until they were able to complete the Uganda purchase and expansion into South Sudan
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guru267
#35 Posted : Monday, July 26, 2010 1:52:43 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
gladiator wrote:
Selling the rights for under 100 will be robbery.

@gladiator robbery against who??? Certainly not the shareholders because i consider the rights below 100 a bargain
Mark 12:29
Deuteronomy 4:16
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gladiator
#36 Posted : Tuesday, July 27, 2010 12:12:02 AM
Rank: Member

Joined: 8/25/2006
Posts: 101
guru267 wrote:
gladiator wrote:
Selling the rights for under 100 will be robbery.

@gladiator robbery against who??? Certainly not the shareholders because i consider the rights below 100 a bargain


It is to the shareholders because the new shares affect the value of the old shares (dilutive effect) especially to those shareholders who do not take up the rights. For example, if I have 2 shares currently valued at 250/- and then you introduce a new share at 100/-, all the shares will automatically become worth 200/-.

Rights issue prices matter otherwise management would always be doing rights issues for even as low as one 1/- to raise capital. Remember that one tenet for them is to maximize value for all shareholders.
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Horton
#37 Posted : Tuesday, July 27, 2010 7:00:40 AM
Rank: Veteran

Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
gladiator wrote:
guru267 wrote:
gladiator wrote:
Selling the rights for under 100 will be robbery.

@gladiator robbery against who??? Certainly not the shareholders because i consider the rights below 100 a bargain


It is to the shareholders because the new shares affect the value of the old shares (dilutive effect) especially to those shareholders who do not take up the rights. For example, if I have 2 shares currently valued at 250/- and then you introduce a new share at 100/-, all the shares will automatically become worth 200/-.

Rights issue prices matter otherwise management would always be doing rights issues for even as low as one 1/- to raise capital. Remember that one tenet for them is to maximize value for all shareholders.




ratio is 1:10 not 1:2
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cnn
#38 Posted : Tuesday, July 27, 2010 1:38:08 PM
Rank: Veteran

Joined: 6/17/2009
Posts: 1,627
Its just touched a historical high at 265.At 270 half of my holdings bought at 200 , will gladly part with.Retain the other half and wait for the rights.
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wote
#39 Posted : Tuesday, July 27, 2010 2:10:32 PM
Rank: Member

Joined: 10/18/2007
Posts: 217
Initial plans were to price the rights issue at Ksh 148/= but with the share on the upward move, its likely to be priced at around ksh 175/=
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PKoli
#40 Posted : Tuesday, July 27, 2010 2:38:59 PM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
Pals who bought into this security are on top of the moon. what are the fundamentals of Stanchart that have lifted it to such great heights?
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