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VituVingiSana		#151 Posted : Tuesday, February 20, 2018 7:32:22 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,410 Location: Nairobi		obiero wrote: VituVingiSana wrote: obiero wrote: Ericsson wrote: Seaboard Corp, the US Conglomerate that recently offered to buyout Unga Group Minority Sharaholders is being investigated by the US Department of Justice for a number of crimes including; Links to terrorists Money Laundering Bribery https://www.businessdail...2092-igfrlpz/index.html @vvs hapa kunaendaja sasa Usijali. Tutanunua hisa za Seaboard in a profitable Unga and find other buyers. Or enjoy the earnings. It's tough for US businesses in Africa coz "corruption" is (sadly) a way of life be it in Kenya, Nigeria or South Africa [look at Zuma's dealings]. Trump doesn't want American firms fighting (Chinese/Indian/Turkish/Russian firms) for business with one hand tied at the back so Seaboard will be OK in the end. @vvs chances are high for a massive pullback http://live.mystocks.co.ke/m/stock=UNGA Not a problem. The value of Unga is still above 40/- with or without Seaboard. I see better value for Minorities if Seaboard sells their 35% in Unga Holdings to Unga Group and then an unrelated (to Ndegwas) entity bids for Unga at a fair (60-80) price. Greedy when others are fearful. Very fearful when others are greedy* - *to paraphrase Warren Buffett*
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obiero		#152 Posted : Tuesday, February 20, 2018 11:40:05 PM
Rank: Elder Joined: 6/23/2009 Posts: 14,385 Location: nairobi		VituVingiSana wrote: obiero wrote: VituVingiSana wrote: obiero wrote: Ericsson wrote: Seaboard Corp, the US Conglomerate that recently offered to buyout Unga Group Minority Sharaholders is being investigated by the US Department of Justice for a number of crimes including; Links to terrorists Money Laundering *Bribery https://www.businessdail...2092-igfrlpz/index.html @vvs hapa kunaendaja sasa Usijali. Tutanunua hisa za Seaboard in a profitable Unga and find other buyers. Or enjoy the earnings. It's tough for US businesses in Africa coz "corruption" is (sadly) a way of life be it in Kenya, Nigeria or South Africa [look at Zuma's dealings]. Trump doesn't want American firms fighting (Chinese/Indian/Turkish/Russian firms) for business with one hand tied at the back so Seaboard will be OK in the end. @vvs chances are high for a massive pullback http://live.mystocks.co.ke/m/stock=UNGA Not a problem. The value of Unga is still above 40/- with or without Seaboard. I see better value for Minorities if Seaboard sells their 35% in Unga Holdings to Unga Group and then an unrelated (to Ndegwas) entity bids for Unga at a fair (60-80) price. I agree with you, but in the current state of the economy coupled with political environment, a buyer would be hard to find COOP, KEGN, MTNU
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tandich		#153 Posted : Wednesday, February 21, 2018 11:49:25 AM
Rank: Member Joined: 5/6/2008 Posts: 199		Comparatively big volumes moving in the past few days. I wonder what is afoot.
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obiero		#154 Posted : Wednesday, February 21, 2018 12:52:46 PM
Rank: Elder Joined: 6/23/2009 Posts: 14,385 Location: nairobi		tandich wrote: Comparatively big volumes moving in the past few days. I wonder what is afoot. It is Seaboard executing the Greater Fool Theory in perfection. Watch this share very closely over the next seven trading days COOP, KEGN, MTNU
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littledove		#155 Posted : Wednesday, February 21, 2018 2:39:38 PM
Rank: Veteran Joined: 7/1/2014 Posts: 928 Location: sky		obiero wrote: tandich wrote: Comparatively big volumes moving in the past few days. I wonder what is afoot. It is Seaboard executing the Greater Fool Theory in perfection. Watch this share very closely over the next seven trading days may be willing sellers selling to seaboard There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
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obiero		#156 Posted : Wednesday, February 21, 2018 3:55:45 PM
Rank: Elder Joined: 6/23/2009 Posts: 14,385 Location: nairobi		littledove wrote: obiero wrote: tandich wrote: Comparatively big volumes moving in the past few days. I wonder what is afoot. It is Seaboard executing the Greater Fool Theory in perfection. Watch this share very closely over the next seven trading days may be willing sellers selling to seaboard Hopefully it will end well but it's looking more and more unlikely COOP, KEGN, MTNU
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Pesa Nane		#157 Posted : Wednesday, February 21, 2018 7:19:44 PM
Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c		Pesa Nane plans to be shilingi when he grows up.
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VituVingiSana		#158 Posted : Wednesday, February 21, 2018 7:36:52 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,410 Location: Nairobi		obiero wrote: VituVingiSana wrote: obiero wrote: VituVingiSana wrote: obiero wrote: Ericsson wrote: Seaboard Corp, the US Conglomerate that recently offered to buyout Unga Group Minority Sharaholders is being investigated by the US Department of Justice for a number of crimes including; Links to terrorists Money Laundering Bribery https://www.businessdail...2092-igfrlpz/index.html @vvs hapa kunaendaja sasa Usijali. Tutanunua hisa za Seaboard in a profitable Unga and find other buyers. Or enjoy the earnings. It's tough for US businesses in Africa coz "corruption" is (sadly) a way of life be it in Kenya, Nigeria or South Africa [look at Zuma's dealings]. Trump doesn't want American firms fighting (Chinese/Indian/Turkish/Russian firms) for business with one hand tied at the back so Seaboard will be OK in the end. @vvs chances are high for a massive pullback http://live.mystocks.co.ke/m/stock=UNGA Not a problem. The value of Unga is still above 40/- with or without Seaboard. I see better value for Minorities if Seaboard sells their 35% in Unga Holdings to Unga Group and then an unrelated (to Ndegwas) entity bids for Unga at a fair (60-80) price. I agree with you, but in the current state of the economy coupled with political environment, a buyer would be hard to find That's OK, the serious shareholder can wait it out. After all, many have waited for this long. What's key is the management/board i.e. will they be told to start making the profits look poor? [Over-provisioning, accelerated depreciation, write-offs/write-downs even if not tax deductible or required, etc] The above can be reversed after the de-listing. Greedy when others are fearful. Very fearful when others are greedy* - *to paraphrase Warren Buffett*
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obiero		#159 Posted : Thursday, February 22, 2018 6:17:57 PM
Rank: Elder Joined: 6/23/2009 Posts: 14,385 Location: nairobi		VituVingiSana wrote: obiero wrote: VituVingiSana wrote: tandich wrote: I hope that the more muscular minority shareholders can cobble up a blocking. stake. Or even better, a better offer materialises Every (minority) shareholder should oppose the lowball offer by Seaboard. I do not know if there is a mechanism to do so BUT the Offer Document says Seaboard + Victus need 75% [and have 54%] so if we do not support the Offer then they cannot succeed. Or like you say... a competing offer. Since Victus owns 51%, that might be tougher to pull off unless they agree to sell. Don't forget that Seaboard also owns 35% of Unga Holdings. BTW, the Annual Report is on their website. http://ungagroup.com/downloads/ So this will mean that those buying now above KES 40 are gambling, at least @vvs has broken even at his purchase price of KES 44 Beats losing money while waiting for an Open Offer. And still being in the red. @vvs asipanguzie jirani kinyesi chake.. Here's the link showing Unga slow death http://live.mystocks.co.ke/m/stock=UNGA COOP, KEGN, MTNU
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obiero		#160 Posted : Thursday, February 22, 2018 6:22:15 PM
Rank: Elder Joined: 6/23/2009 Posts: 14,385 Location: nairobi		obiero wrote: littledove wrote: obiero wrote: tandich wrote: Comparatively big volumes moving in the past few days. I wonder what is afoot. It is Seaboard executing the Greater Fool Theory in perfection. Watch this share very closely over the next seven trading days may be willing sellers selling to seaboard Hopefully it will end well but it's looking more and more unlikely Day 2 of the 7 day exchange bar window and I can tell you that more blood shall ooze on this corner of the NSE streets http://live.mystocks.co.ke/m/stock=UNGA COOP, KEGN, MTNU
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