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KenGen FY15 PAT grows 307%
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VituVingiSana
#101 Posted : Tuesday, December 29, 2015 12:12:48 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,350
Location: Nairobi
Ericsson wrote:
Rally has began as guys accumulate shares in preparation for the rights issue.
Gain of 13% in two trading sessions by KENGEN

30,000 shares worth 226,450/- traded as of Noon. Don't get too excited when Uchumi's turnover is 245,000/-.
Billions of shares will be available. Just like KQ, I expect the Rights to trade at 5 cents towards the end. Or if the itch needs to be scratched, buy 100 and apply for Additional Shares. There will be plenty of shares left over.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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  | | Edit by user: Tuesday, December 29, 2015 12:14 PM | Reason: Not specified
innovator
#102 Posted : Tuesday, December 29, 2015 12:21:31 PM
Rank: Member

Joined: 7/24/2010
Posts: 239
Location: nairobi
That agm rights resolution leaves the shareholders at the mercy of the hyenas.
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sparkly
#103 Posted : Tuesday, December 29, 2015 12:26:36 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
innovator wrote:
That agm rights resolution leaves the shareholders at the mercy of the hyenas.


explain
Life is short. Live passionately.
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sparkly
#104 Posted : Tuesday, December 29, 2015 12:28:57 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Ericsson wrote:
Rally has began as guys accumulate shares in preparation for the rights issue.
Gain of 13% in two trading sessions by KENGEN


The resistance at 7.50 will take a miracle to break.

Expect to head lower towards 6.00 after this weak "rally".
Life is short. Live passionately.
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Ericsson
#105 Posted : Tuesday, December 29, 2015 12:36:19 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
@VituVingiSana
Do you mean KENGEN rights issue will be priced at ksh.5?
The rights issue will be priced at ksh.6.50.
Let's now wait for approval from Capital Markets Authority within the next one month
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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innovator
#106 Posted : Tuesday, December 29, 2015 1:39:14 PM
Rank: Member

Joined: 7/24/2010
Posts: 239
Location: nairobi
Pesa Nane wrote:



Clause (ii) (c)
Dispose share not taken at price and terms they may consider.
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sparkly
#107 Posted : Tuesday, December 29, 2015 2:50:19 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
innovator wrote:
Pesa Nane wrote:



Clause (ii) (c)
Dispose share not taken at price and terms they may consider.


Untaken rights are usually allotted to shareholder who apply for extra rights using a pre-determined allocation criteria. Do you expect a significant departure from this practice?
Life is short. Live passionately.
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  | | Edit by user: Tuesday, December 29, 2015 2:51 PM | Reason: Not specified
VituVingiSana
#108 Posted : Wednesday, December 30, 2015 2:00:51 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,350
Location: Nairobi
Ericsson wrote:
@VituVingiSana
Do you mean KENGEN rights issue will be priced at ksh.5?
The rights issue will be priced at ksh.6.50.
Let's now wait for approval from Capital Markets Authority within the next one month

Rights can be traded. I was referring to the price for the Rights [which can be traded on the NSE] not the EXERCISE PRICE of the Rights.
You can buy a RIGHT [essentially a Call Option] to buy a KenGen share at a pre-determined price [Exercise Price] on the NSE. When there are more Rights on offer than demand the price of the Right [Call Option] can fall to the minimum possible level which is 5 cents.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Aguytrying
#109 Posted : Wednesday, December 30, 2015 1:33:40 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
I still can't wrap my head around at doing a highly dilutive Rights Issue during a bear market, when there was a bull market for 2-3 yrs.
This is KQ rights issue all over again. Same script different cast. Only thing missing from the cocktail is management issues and scandals.
The investor's chief problem - and even his worst enemy - is likely to be himself
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VituVingiSana
#110 Posted : Wednesday, December 30, 2015 4:27:12 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,350
Location: Nairobi
Aguytrying wrote:
I still can't wrap my head around at doing a highly dilutive Rights Issue during a bear market, when there was a bull market for 2-3 yrs.
This is KQ rights issue all over again. Same script different cast. Only thing missing from the cocktail is management issues and scandals.

There are issues of management, corruption and scandals. It's just a matter of time. The scams have been 'hidden' from view at the moment but Baba shall uncover them. Anyway, despite the attractive PER & PB, I am staying far, far away just like that galaxy in Star Wars!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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