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Rea Vipingo takeover at 40/= per share
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VituVingiSana
#101 Posted : Thursday, March 27, 2014 10:44:47 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
The CMA has no idea what it is doing. And that does not surprise me.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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hisah
#102 Posted : Thursday, April 10, 2014 5:13:22 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
2nd lawsuit checks in as the bidders square each other - http://www.businessdaily...4/-/aapj7l/-/index.html

Just like Puma - kk no deal, can anyone smell it... The squaring should be in the market, not court rooms.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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sparkly
#103 Posted : Thursday, April 10, 2014 7:52:21 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
hisah wrote:
2nd lawsuit checks in as the bidders square each other - http://www.businessdaily...4/-/aapj7l/-/index.html

Just like Puma - kk no deal, can anyone smell it... The squaring should be in the market, not court rooms.


For the minority in RV it is like being served a good meal then watching it go cold, then stale.
Life is short. Live passionately.
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Aguytrying
#104 Posted : Thursday, April 10, 2014 11:03:41 AM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
sparkly wrote:
hisah wrote:
2nd lawsuit checks in as the bidders square each other - http://www.businessdaily...4/-/aapj7l/-/index.html

Just like Puma - kk no deal, can anyone smell it... The squaring should be in the market, not court rooms.


For the minority in RV it is like being served a good meal then watching it go cold, then stale.


Yep.takeovers are not the knight in shinning armour they appear to be. The are only good when concluded quickly, otherwise time value of money is lost
The investor's chief problem - and even his worst enemy - is likely to be himself
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VituVingiSana
#105 Posted : Thursday, April 10, 2014 11:50:58 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
The CMA should let shares continue trading while the 'Takeover' is on-going. Why should shareholders be stuck with illiquid shares while the elephants fight?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Aguytrying
#106 Posted : Thursday, April 10, 2014 12:02:50 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
VituVingiSana wrote:
The CMA should let shares continue trading while the 'Takeover' is on-going. Why should shareholders be stuck with illiquid shares while the elephants fight?


You are very right. As long as CMA and comopany issue a warning to shareholders, let the share trade. Very unfair a shareholder gets locked in then deal collapses!!!
The investor's chief problem - and even his worst enemy - is likely to be himself
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hisah
#107 Posted : Tuesday, April 22, 2014 6:39:45 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
After Vania lost the court case two elephants are left in the fight - http://www.businessdaily.../-/15n5asu/-/index.html

Interesting to note that SIB and AIB value REA between 101 and 162/share!! Fantastic smile

Now why would CMA not let the market set the price? Anyway, now that the price guide has been leaked, who will sell at values below the valuation?

Quote:
According to the Standard Investment Bank, who were advisors in Vania’s bid, and Afrika Investment Bank’s valuations, Vipingo’s real value stands between Sh101.21 and Sh168.72 a share.


And Kirubi saw centum @100. Indeed if centum takeover REA at a discount.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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target1360
#108 Posted : Monday, May 19, 2014 9:38:12 PM
Rank: Member

Joined: 5/14/2014
Posts: 289
Location: nairobi
where can one find the acceptance forms for centum.i would like to accept and move on.has anyone been paid after accepting the centum offer?
I find satisfaction in owning great business,not trading them
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muganda
#109 Posted : Thursday, May 22, 2014 2:52:53 PM
Rank: Elder

Joined: 9/15/2006
Posts: 3,907
@target1360, AGM was announced for Southern Sun
Mayfair Hotel, Parklands Road, Nairobi on Friday 23 May 2014, at 10.30 a.m and should be a real battlefield. Centum was expected pitch a tent uninvited; Robinows should likewise be soliciting votes.

Meanwhile Centum is working for a technical knockout on REA Vipingo. They are telling the court, instead of a CMA tribunal, that CMA made a mistake by allowing REAT (+15 optional bid) http://www.bloomberg.com/news/2...fter-bid-challenged.html

Does that imply there's is the only valid bid? And Jimnah Mbare and Joe Wanjui are now supporting or lobbying for Centum.
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target1360
#110 Posted : Thursday, May 22, 2014 4:04:50 PM
Rank: Member

Joined: 5/14/2014
Posts: 289
Location: nairobi
@muganda thank you for the info
I find satisfaction in owning great business,not trading them
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