i did a little research i came across this:

imagine if the conversion occured this way:

The theoretical diluted price, ie the price after an increase in the number of shares, can be calculated as
Theoretical Diluted Price = ((O x OP) +(N x IP)) / (O + N) where
O = original number of shares
OP = Current share price
N = number of new shares to be issued
IP = issue price of new shares
For example if there is a 3-for-10 issue, the current price is 50c, the issue price 32c, we have
O = 10, OP = 50c, N = 3, IP = 32c and TDP = ((10x50)+(3x32))/(10+3) = 45.85c

conclusion:as long as the issue price is below the current price...its good for the current shareholder...this is just my guess work...for KPLC i dont know what will happen...source wikipedia.

8 March 2010 (AM Trading)

KQ @ 47/- (initial target was 43/-). KQ has dropped from its 2010 high of 55/-. The 3Q passenger numbers were decent, not spectacular, but KQ lacks aircraft to expand.
It should get a boost in June/July 2010 from the World Cup though this would be reflected in 2010-11 earnings.
Gains in oil prices since 31 March 20009 should benefit the hedge positions & contribute to profits for 2009-10.

KPLC @ 166 (target ending 31 Dec 2011 was 200/-). I think the sellers at this price point have exited. The balance sheet restructuring remains the major impediment to any significant upward movement but I think the upward momentum should start soon.

Williamson @192 (Target is 200/- but after 2010 results are released). Tea prices remain steady though I expect some weakening due to increased production. IMHO, 2009-10 will be WTK's best year to-date.
Note there are few sellers at these prices. All I await are the results for 2009-10 while I monitor tea prices in 2010-11.

@VVS congrats, WTK has asks of 210, should settle at the 200 mark.

What else are ya holding??

Im into MSC @5 (truckloads) Sold out almost everything though over the last week
KQ @27
Carb(not too many, although I would love to get a few more)
WTK @ 80

Cash

@horton - KQ, KPLC & Williamson
I did my research & these are my picks...

Given that this is the stock market .. no prediction is truly reliable over the short term. Stocks could go up or down in the short term for very different reasons from fundamentals. And of course there's a lot of company info that is not found on the annual report. So you need some luck to bear out your predictions.