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Kplc restructure plan out
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VituVingiSana
#91 Posted : Wednesday, November 10, 2010 11:02:33 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,354
Location: Nairobi
2012 wrote:
My 2 cents wrote:
Isn't anybody asking whom the government intends to place its rights with. Why did they not offer the govt rights to the market?

What do you mean, aren't they offering to the market?
The Rights will be offered in the market. The question is what they will be 'sold' for... Market Demand but some may be in a better position than others!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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My 2 cents
#92 Posted : Wednesday, November 10, 2010 11:03:12 AM
Rank: Veteran

Joined: 6/2/2010
Posts: 1,090
Out of the 488M rights; 341M belong to the govt. The govt will not exercise their rights but will instead place these rights with some institution. I want to know which? And why the govt did not just sell them to the public.
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VituVingiSana
#93 Posted : Wednesday, November 10, 2010 11:11:44 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,354
Location: Nairobi
My 2 cents wrote:
Out of the 488M rights; 341M belong to the govt. The govt will not exercise their rights but will instead place these rights with some institution. I want to know which? And why the govt did not just sell them to the public.
Ideally, these would be sold on the NSE. They probably will be offered on the NSE... I wonder what the premium will be... [Of course, we need to know the Exercise Price]
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Sufficiently Philanga....thropic
#94 Posted : Wednesday, November 10, 2010 11:14:47 AM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
Sober wrote:
Am at the agm, nothing new said so far. Just the common questions from the mwananchi about cancerous energy saving bulbs.

Thanks for the update. Pls keep them coming. We really appreciate!
I hear CMA has to approve the restructuring 1st for them to be able to disclose the rights price!
@SufficientlyP
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mwanahisa
#95 Posted : Wednesday, November 10, 2010 11:15:04 AM
Rank: Elder

Joined: 6/2/2008
Posts: 1,438
Sober wrote:
Am at the agm, nothing new said so far. Just the common questions from the mwananchi about cancerous energy saving bulbs.


@Sober, Have they given a firm figure for the rights issue or are they sticking to the general figure of 7 - 10 billion. (I know the figure on the shareholder circular is almost 9 billion).

Also, what sense do you get of the performance of the company in the first 4 months of 2010-11?
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kyt
#96 Posted : Wednesday, November 10, 2010 11:16:06 AM
Rank: Elder

Joined: 11/7/2007
Posts: 2,182
My 2 cents wrote:
Out of the 488M rights; 341M belong to the govt. The govt will not exercise their rights but will instead place these rights with some institution. I want to know which? And why the govt did not just sell them to the public.


carefully crafted scheme to get some people super duper rich.
LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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2012
#97 Posted : Wednesday, November 10, 2010 6:15:22 PM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
Sufficiently Philanga....thropic wrote:
I hear CMA has to approve the restructuring 1st for them to be able to disclose the rights price!


So did they give a time when they'll have all the relevant approvals by? In other words when will we know the rights issue price or should we just ask Scan ad since I'm sure they've already started doing the ads for the issue...
smile

BBI will solve it :)
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the deal
#98 Posted : Wednesday, November 10, 2010 6:24:30 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Don't take a loan the share price might be depressed longer than u can stay liquid....
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guru267
#99 Posted : Wednesday, November 10, 2010 6:32:23 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
VituVingiSana wrote:
My 2 cents wrote:
Out of the 488M rights; 341M belong to the govt. The govt will not exercise their rights but will instead place these rights with some institution. I want to know which? And why the govt did not just sell them to the public.
Ideally, these would be sold on the NSE. They probably will be offered on the NSE... I wonder what the premium will be... [Of course, we need to know the Exercise Price]


@VVS all I can say is I told you so.. But since you seem not to be agreeing let me reiterate... G.O.K rights will ALL be offered to a institution through private placement...

The only rights that will be on the NSE are the pnes that belong to other shareholders like you and me... smile
Mark 12:29
Deuteronomy 4:16
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guru267
#100 Posted : Wednesday, November 10, 2010 6:34:18 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
VituVingiSana wrote:
My 2 cents wrote:
Out of the 488M rights; 341M belong to the govt. The govt will not exercise their rights but will instead place these rights with some institution. I want to know which? And why the govt did not just sell them to the public.
Ideally, these would be sold on the NSE. They probably will be offered on the NSE... I wonder what the premium will be... [Of course, we need to know the Exercise Price]


@VVS all I can say is I told you so.. But since you seem not to be agreeing let me reiterate... G.O.K rights will ALL be offered to an institution through private placement...

The only rights that will be on the NSE are the ones that belong to other shareholders like you and me... smile
Mark 12:29
Deuteronomy 4:16
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